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Corporate banking beside private wealth

Bank of Sharjah is a listed UAE bank whose business proposition centres on corporate and commercial banking alongside private wealth. Its corporate Current Account states a minimum average monthly balance of AED 50,000.

What Bank of Sharjah typically asks for

Prepare the application file

01Corporate documents6 items
  • ✓ Trade licence (issued and active)
  • ✓ Memorandum & Articles of Association (MOA / AOA)
  • ✓ Certificate of Incorporation & share certificates
  • ✓ Registered office lease (Ejari / free-zone lease)
  • ✓ Board resolution to open the account
  • ✓ Establishment card / immigration card
02Shareholder & signatory KYC6 items
  • ✓ Passport + UAE visa page for every UBO ≥ 25%
  • ✓ Emirates ID (both sides) for resident signatories
  • ✓ Proof of address (utility, tenancy or bank statement, ≤ 3 months)
  • ✓ CV / bio for each UBO and signatory
  • ✓ Source-of-wealth & source-of-funds statement
  • ✓ Ownership & control chart if a corporate shareholder exists
03Business file5 items
  • ✓ One-page business brief: activity, geographies, counterparties
  • ✓ 12-month cash-flow forecast (incoming / outgoing volumes)
  • ✓ Sample invoices, contracts or LOIs (if trading)
  • ✓ 6-month bank statements for the parent or personal accounts
  • ✓ Website or short deck (helps for services / tech)
A mixed team around a table in a corporate office

What Bank of Sharjah is good for

  1. Payments & currencies

    Major currency support

    Accounts available in UAE Dirham and all major currencies.

  2. Cards & everyday operations

    Unlimited free transactions

    The corporate current account advertises unlimited free transactions.

  3. Access & relationship

    Corporate relationship banking

    Focus is on wholesale, commercial and private wealth clients rather than mass SME.

    Juridical shareholder handling

    Documented process for corporate partners holding shares.

    FATCA and CRS ready

    Tax reporting forms are part of the standard account opening pack.

  4. Trade & financing

    Flexible financing

    A range of financing solutions for day-to-day needs and expansion.

Account thresholds and practical considerations

Minimum balance

Corporate Current Account
AED 50,000 minimum average monthly balance
Corporate loans and financing solutions
Not publishedPricing quoted case by case.
  • Currencies

    UAE Dirham and 'all major currencies' per the corporate current account page; no specific list published

  • Debit & corporate cards

    Issued after account is funded.

    Corporate card limits scale with balance and turnover.

  • Trade finance

    Not confirmed

    Not confirmed from a fetched source; the bank publishes general financing solutions rather than a trade product list.

Who usually opens here

Stronger fit
  • Sample fileEstablished Sharjah corporate
  • ShareholdersIndividual and corporate partners with full documentation
  • OfficeOwned or leased corporate premises in Sharjah or Dubai
  • Trade laneRegional commercial and contracting activity
  • Expected turnoverAED 25m+ annually
  • Evidence readyLicence, MOA/AOA, board resolution, original passports, FATCA/CRS forms
May need more context
  • Operating evidenceEarly-stage startups and freelance permit holders
  • Onboarding modelApplicants wanting instant digital account opening
  • Business profileCompanies unable to present original partner passports
  • ScaleMicro-businesses below the AED 50,000 balance level
  • Product needsFiles needing published SME product tiers to compare

Choose the bank that matches your file

Why Bank of Sharjah applications stall

Originals not presented

Valid original passports for each partner are required at account opening.

Juridical partner docs

Corporate partners must supply licence, MOA/AOA and board resolution.

Registration certificates

Commercial registration and chamber of commerce certificates must be valid.

FATCA/CRS incomplete

W8/W9 and CRS forms are mandatory parts of the file.

Balance below AED 50,000

The corporate current account states a AED 50,000 average monthly balance.

No corporate governance trail

Missing resolutions on signatory prerogatives delay activation.

Check banking fit before you apply

Your licence route, activity, and profile affect which banks are realistic. Tell us the setup and we’ll tell you whether this bank is a fit, what the pack needs, and what to fix before submission.

  • A dedicated specialist reviews your case.
  • Fixed scope in writing before any work begins.
  • Avg reply 3 minutes on WhatsApp, 24 × 7.

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What clients say

Frequently asked

Is Bank of Sharjah suitable for every UAE business?
No bank is right for every application. Bank of Sharjah may suit some companies, but practical fit depends on the business activity, ownership, source of funds, expected transaction profile, required currencies and services, documents, and the bank’s current onboarding appetite.
Can Sonsoto guarantee a Bank of Sharjah business account?
No. Bank of Sharjah makes its own final decision after its KYC, compliance, and risk review. We can help prepare a clear application, coordinate the supporting documents, and assess sensible banking options, but approval remains entirely bank-led.
What documents may Bank of Sharjah request?
The requirements vary by company and applicant profile. They may include company documents, shareholder and director identification, ownership records, a clear business explanation, expected transaction details, source-of-funds evidence, and commercial support such as contracts, invoices, or a website where relevant.
Do all shareholders need to attend a bank application?
Not always. Attendance requirements depend on the bank’s onboarding policy, applicant profile, ownership structure, signatory arrangements, and account type. Some cases require in-person verification or original-document review. We confirm the practical requirement before submission.
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