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Home Services Corporate Bank Account in UAE for Medium Businesses

Corporate Account in the UAE for Medium-Sized Businesses

If your company is actively operating and the expected annual turnover is between 5 to 10 million dirhams (approximately 1.5 to 3 million dollars), you fall into the category of medium-sized businesses. This level of operations requires the correct account setup, an appropriate tariff package, and a careful approach to compliance.

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Who is this service for?

  1. Companies in Free Zone and Mainland (trade, logistics, IT, real estate, etc.).
  2. Businesses with regular local and international transactions.
  3. Companies expanding after the first years of operation.
  4. Organizations that need increased limits and personal banking.

Bank Conditions for Medium-Sized Businesses

  • Average minimum balance: 150,000–250,000 AED.
  • Flexible transaction and online banking conditions.
  • Individual tariff plan: lower fees for higher turnovers.
  • Relationship Manager in some banks.
  • Additionally: payroll projects, currency accounts, guarantees, and letters of credit.

Important Nuances

Compliance and Actual Turnover

The bank expects the declared and actual turnovers to match. Discrepancies may lead to delays, freezing, or revision of conditions. We conduct a pre-check to minimize risks.

Account Matching the Scale of Business

MIRAD opens corporate accounts for medium-sized businesses in the UAE, considering the bank's requirements and the company's goals.

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What is Included in the MIRAD Service

  • Analysis of the company and financial plan.
  • Selection of bank and tariff according to business goals.
  • Preparation of portfolio: statutory documents, activity description, income structure.
  • Coordination of parameters with the bank and manager.
  • Support during account opening and activation.
  • Consultations on payment infrastructure and account protection.

Why Choose MIRAD?

  • Direct contacts with national banks in the UAE.
  • Expertise in the segment of companies with a turnover of 5–10 million AED.
  • Assistance in structuring documents for approval.
  • We open accounts in complex cases (non-residents included).
  • We build reliable connections with relationship managers.

FAQ: Corporate Account for Medium-Sized Businesses in the UAE

❓ What is the required minimum balance?
✅ Usually 150,000–250,000 AED.

❓ What are the risks of incorrectly stated turnover?
✅ Possible delays in opening, freezing, or closing the account.

❓ How long does it take to open an account?
✅ On average 1–3 weeks, depending on the bank and documents.

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