Open UBL Bank Account in UAE

United Bank Limited (UBL) was established in Pakistan in 1959 and is part of the UK-based investment group Bestway Group. The bank is one of Pakistan’s largest financial institutions and has branches in the UAE (Abu Dhabi, Dubai, Sharjah), Qatar, and Bahrain.

Award: 2023 Mastercard MENA East Business Forum — Most Innovative Business in Pakistan

UBL Digital Bank Financial Services & Online Banking

• Corporate Banking
• Investment Banking
• Treasury and Capital Market
• Signature Priority Banking
• Safe Deposit Lockers

Corporate Account Types and Minimum Required Balance

• Currencies Available: AED, USD, EUR
• E-Banking: Yes, in English
• Languages of Communication: English, Arabic
• Bank Card Linked to Account: Yes, debit card
• Minimum Account Balance Requirement: AED 50,000 (approx. USD 8,200)
• Investment Programs: Deposits and other financial instruments are available upon request
• Account Opening for Companies with Russian Beneficiaries: Available, standard due diligence

UBL Corporate Account Opening Procedure

1. Pre-approval of the account. Required documents in English (or certified translations if not in English):
   – Full set of corporate documents
   – Company business description in the form of a business plan including at least 3 clients and 3 suppliers, their countries of operation and banks. For holding companies — details of subsidiaries or assets
   – Documents of shareholders and directors (Copies of international passports: Proof of residential address; Personal bank statements for the last 6 months; CVs in English)
   – If shareholders have businesses in other countries: company documents and bank statements for the last 6 months.
2. Personal visit of the account signatory to the bank’s UAE office for identification and signing of bank forms.
3. Application approval and account setup. Account opening time: 2–3 weeks, provided all required documents are submitted.

Note: The bank may request additional information/documents depending on the company’s structure, activities, and other factors.

Approximate time frame to open corporate account: 2-3 weeks