When can I apply for a bank account for my DMCC company?

After the trade licence is issued, and ideally once a signatory's residence visa is done, because many UAE banks ask for an Emirates ID. The UAE left the FATF grey list in February 2024, which has made cross-border payments easier, but each bank still runs its own review. We prepare the application; the bank decides.

Source: Black and grey lists (jurisdictions under increased monitoring), Financial Action Task Force (FATF)