Open AED Bank Account without Emirates ID from 30 minutes
Get a local AED IBAN for free and avoid the AED 10,000+ consultant fees most non-residents pay
Get a local AED IBAN for free and avoid the AED 10,000+ consultant fees most non-residents pay
Expand your market presence in the UAE and Middle East with Shokran
Get your AED business account in just 4 simple steps. No Emirates ID or UAE residency required
Proceed registration process within 5 minutes
Submit your documents and we verify your profile within 2 hours
Receive your AED IBAN and start your business immediately
Manage AED transactions like a local UAE business
For companies registered outside and inside the UAE
Sign up from your laptop or mobile, no branch visits
We only need your passport and basic company docs
Access assistance in under 5 minutes, available at any time
Licence to carry on Labuan islamic money-broking business
Apostille of Ministry of public and business service delivery
Open your AED account, no Residency/Emirates ID required
We'll onboard your company and provide local AED bank account
We'll open local AED IBAN for your company for free without Emirates ID
No local presence needed; you get named IBAN without UAE company
No hidden fees or strings attached
A great choice for new businesses with small transaction needs
Account opening fee
Free
Monthly fee
Free
No minimum
Local AED payment
Free
SWIFT
$50
SEPA
$3
Shokran transfers
Free
Transfers monthly limit
$50 000
External deposit
Free
Perfect for growing businesses with higher limits and lower transfer fees
Account opening fee
Free
Monthly fee
$100
No minimum
Local AED payment
Free
SWIFT
$40
SEPA
$2
Shokran transfers
Free
Transfers monthly limit
$200 000
External deposit
Free
A tailor-made solution for high-volume businesses premium limits
Account opening fee
Free
Monthly fee
Discussable
No minimum
Local AED payment
Discussable
SWIFT
Discussable
SEPA
Discussable
Shokran transfers
Free
Transfers monthly limit
$10 000 000
External deposit
Free
Join startups and SMEs in 40+ countries already banking with Shokran
Yes! Shokran Neobank allows you to open a UAE AED business bank account without requiring an Emirates ID or UAE residence permit. You only need your passport and basic company documentation.
The account opening process typically takes 30 minutes to complete your application online, with verification completed within 24 hours. You'll receive your AED IBAN immediately after approval.
No, you don't need a local UAE company. Shokran provides named AED IBANs for companies registered both inside and outside the UAE, including free zone companies.
Yes, Shokran is fully licensed and regulated by the Labuan Financial Services Authority and holds international compliance certifications including Ontario Ministry apostille documentation.
You only need your passport and basic company documentation. No Emirates ID, UAE residence permit, or extensive paperwork is required for our streamlined onboarding process.
Absolutely! Our 100% remote onboarding means you can sign up from your laptop or mobile device anywhere in the world. No branch visits are required to open or manage your AED business account.
