Documents required for opening corporate accounts

The following are the primary and mandatory documents that Corporate Customers need to present to our counters for the purpose of opening Current, Savings, Time Deposit, and/or Call Accounts with National Bank of Abu Dhabi (NBAD).

Apart from the documents given below, the Customers may be required to submit additional documents / information at the time of opening the account. It is mandatory to submit original documents if required by the Bank for the purpose of physical verification.

Documents executed outside the UAE need to be duly notarized and attested by the UAE Embassy in the country of origin(or nearest) and thereafter by the Ministry of Foreign Affairs in the UAE.

Originals of the following documents will need to be produced at our counters:

• Passport copies of those authorized to sign on the account
  
• Duly completed Bank Account Opening Forms.

Corporate bodies
(Public Joint Stock Companies / Private Joint Stock Companies / Limited Liability Companies / Partnership Limited by Shares / Branches of Foreign Companies)

1. Certified copy of Memorandum and Articles of Association of the Company (in case of Foreign Branch Offices in the UAE, the relevant documents from the Parent Company).
   
2. Certified copy of Decree / Certificate of Incorporation (in case of Foreign Branch Offices in the UAE – only Certificate of Incorporation).
   
3. Copy of valid Trade / Business License (Original should be sighted by the bank’s officials at the time of account opening).
   
4. Copy of Certificate of Membership of the Chamber of Commerce and Industry and/or Copy of Certificate of Registration in the Commercial Register, as applicable. (Originals should be sighted by the bank’s officials at the time of account opening).
   
5. Certified copy of Resolution of the Board of Directors and/or POA regulating the conduct of the Account.
   
6. Certified copy of the minutes of the latest Annual General Meeting of the Company, specifying the names of the members of the Board of Directors.
   

Partnerships

1. Certified copy of Partnership Agreement or Memorandum and Articles of Association of the partnership and/or, where applicable, Certified copy of Partnership Agreement.
   
2. Certified copy of Decree of Incorporation (where applicable).
   
3. Copy of valid Trade Licence. (Original should be sighted by the bank’s officials at the time of account opening).
   
4. Copy of Certificate of Registration in Commercial Register, as applicable. (Original to be sighted by the bank’s officials at the time of account opening).
   
5. Certificate of Membership of the Chamber of Commerce and Industry. (Original should be sighted by the bank’s officials at the time of account opening).

Sole proprietorship

1. Copy of valid Trade license. (Original should be sighted by the bank’s officials at the time of account opening).
   
2. Copy of Certificate of Registration in Commercial Register (as applicable, Original should be sighted by the bank’s officials at the time of account opening).
   
3. Copy of Certificate of Membership of the Chamber of Commerce and Industry (as applicable, Original should be sighted by the bank’s officials at the time of account opening).
   

Corporate bodies established / registered in a country outside UAE (non resident accounts)

In case of Non-Resident accounts, the required documentation will be as stated above under “Corporate Bodies / Partnership / Sole Proprietorship” as the case maybe. The relevant documents / its equivalent in terms of content / legal requirements and obtained through official channels of the respective countries will need to be submitted.

Such documents will be subject to further evaluation, review, and scrutiny internally to determine their acceptability / validity and/or in case of any further documents required, will also be advised by the Bank.

As per the UAE Central Bank directives, corporate bodies established / registered in a country outside the UAE may open and operate Savings, Call and Time Deposit account with banks in UAE.

Opening and operation of accounts with cheque book is not permitted by the UAE Central Bank.

Free zone establishments

1. Copy of valid Trade License issued by the relative Free Zone Authority.(Original should be sighted by the bank’s officials at the time of account opening)
   
2. Certified copy of Decree/Certificate of Incorporation (where the parent body of FZE is incorporated outside the country).
   
3. Certified copy of Resolution of the Board of Directors regulating the conduct of the account and certified copy of the latest the latest Annual General Meeting of the Company, specifying the names of members of the Board of Directors (Where the FZE is owned by a corporate body).

Note: Documents required to be submitted may vary with the Free Zone established by different Emirates in which a corporate is registered.

Corporate societies/ charitable societies/professional/social societies including clubs and associations

1. Certified copy of the Constitution and Regulations.
   
2. Certified copy of the Resolution relative hereto.
   
3. Certified copy of the Society/Club/Association official permit.
   
4. Certified list of office bearers and committee members, elected at the last Annual General Meeting, approved by the Ministry of Labor and Social Affairs or other competent authority