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Local Bank: Company Account Opening Requirements

To complete the company account opening process with a local bank, please prepare the following documents and information.


Company Documents


  • Updated Commercial Registration (CR)
  • Articles of Association / Incorporation (AOA)
  • Company National Address
  • VAT Certificate showing the 15-digit VAT number, or a Tax Exemption Certificate, if applicable


Ownership & Management Documents


  • Commercial Registration and Articles of Association for corporate shareholders, where required to verify direct or indirect ownership
  • Copies of IDs of Board Members
  • Copies of IDs of Authorized Signatories, signed with a wet signature


Authorized Signatory Information


Please provide the following for the Authorized Signatory:

  • Mobile number registered in Absher
  • Email address


Financial Information


Please provide an approximate figure for each of the following:

  • Net Worth
  • Total Assets
  • Annual Revenue


Additional Documents – If Applicable


Depending on the company’s legal structure, ownership, and business activity, additional documents may be requested, such as:


  • Board Resolution
  • Company Bylaws
  • Special or Regulatory License, if required for the company’s activity
  • Additional documents required to verify direct or indirect ownership, management, or signing authority


Note: Additional documents or information may be requested during the local bank’s compliance and account-opening review.

Updated on: 11/08/2026

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