Topic Summary
Business Account Monthly Fee Dubai: What Is Included
Mashreq's Pro plan costs AED 99 a month and Pro Plus costs AED 199 a month, both excluding VAT. Both include no minimum balance, free local transfers, multi-currency support in up to 14 currencies, free WPS salary transfers, and a free debit card. This is the core of business bank account cost Dubai founders should memorize before signing anything.
What You Pay Each Month On Each Plan
Mashreq publishes both plans as monthly fees: Pro at AED 99 a month and Pro Plus at AED 199 a month, both excluding VAT. VAT applies at the standard UAE rate of 5%. Mashreq sets this pricing and can change it, so check the current Schedule of Charges before you budget.
Steps To Keep Your Account Fully Active Without Extra Charges
To avoid limits and possible closure, submit a UAE Residence Visa , Emirates ID, and valid proof of address within 90 days of account setup. Until these arrive, restrictions apply, such as limits on outward USD transfers.
How Turnover And Shareholder Structure Route Your Application
Businesses below AED 100 million expected annual turnover with individual shareholders go through the NEO BIZ digital journey. At or above AED 100 million, or where any shareholder is an entity, applications route to Mashreq Business Banking with a relationship manager instead.
Where To Find The Full Fee List And Get Support
Mashreq's Key Facts Statement and Schedule of Charges hold the complete fee list, since pricing is set by Mashreq and can change. For questions, reach the NEO BIZ team at letstalkbiz@mashreqneobiz.com or +971 4 424 4550, Monday to Saturday, 8am to 8pm.
Business bank account cost Dubai refers to the monthly plan fee, roughly AED 99 to AED 199 excluding VAT on Mashreq NEO BIZ, plus any charges triggered once account activation requirements aren't met. Pricing is set by Mashreq and can change without notice. If you're planning to start a company in Dubai South Business Hub Free Zone, this figure matters more than most founders expect. It shapes your first-year cash flow before you've even opened for business.
How the NEO BIZ Application Connects to Your License
With your consent given during license issuance, approved DSBH company data gets shared with Mashreq over the NEOBIZ Connect API. A NEO BIZ account application is then created with your details pre-filled. The application itself takes about 10 minutes to complete, which beats filling out a bank form from scratch.
Picture a founder who's just finished license issuance, consents to share their data, and completes a pre-filled NEO BIZ application that same afternoon. That's the intended flow, but pre-filled doesn't mean pre-approved.
Why Full Freeze Status Matters for Cost Planning
Instant Flow is subject to eligibility, so not every applicant gets it.
Where eligible, an IBAN and account number get generated under Full Freeze.
An account under Full Freeze is not usable or fundable.
Budget for delayed access, never immediate banking.
A founder might see an IBAN appear but still can't move a single dirham.
Business Account Monthly Fee Dubai: What Is Included
Mashreq's Pro plan costs AED 99 a month and Pro Plus costs AED 199 a month, both excluding VAT. Both include no minimum balance, free local transfers, multi-currency support in up to 14 currencies, free WPS salary transfers, and a free debit card. This is the core of the business bank account cost Dubai founders should memorize before signing anything.
Pro Plan Monthly Fee Breakdown
AED 99 a month, excluding VAT.
No minimum balance requirement at all.
Free local transfers included.
Free debit card issued at no charge.
A small trading company on Pro pays AED 99 monthly with zero balance thresholds to track. That's one less spreadsheet to manage.
Pro Plus Plan Monthly Fee Breakdown
AED 199 a month, excluding VAT.
Same no-minimum-balance rule as Pro.
Same free transfer features as Pro.
Earns 3% a year on AED and USD balances for the first 90 days from activation.
A consultancy choosing Pro Plus earns that 3% during the initial 90-day window, which can partly offset the higher monthly fee. More on accounts and tax sits in banking and taxation.
Pro vs Pro Plus: Monthly Fee and First-Year Total
Feature | Pro (AED 99/month) | Pro Plus (AED 199/month) |
|---|---|---|
Monthly fee excluding VAT | AED 99 | AED 199 |
Billing basis | Monthly, excluding VAT | Monthly, excluding VAT |
Minimum balance requirement | None | None |
Free local transfers | Included | Included |
Multi-currency support (14 currencies) | Included | Included |
Interest on balances (first 90 days) | Not offered | 3% per year on AED/USD balances |
Shared Features Across Both Plans At No Extra Cost
Multi-currency support across up to 14 currencies.
Free WPS salary transfers for staff payroll.
Free debit card issuance for both plans.
A firm paying suppliers in multiple currencies uses the 14-currency support without extra fees stacking on top. Worth flagging: no minimum balance business account UAE terms like these aren't universal across banks, so read your Key Facts Statement carefully.
What You Pay Each Month On Each Plan
Mashreq publishes both plans as monthly fees: Pro at AED 99 a month and Pro Plus at AED 199 a month, both excluding VAT. VAT applies at the standard UAE rate of 5% (Federal Tax Authority, 2025). Mashreq sets this pricing and can change it, so check the current Schedule of Charges before you budget.
What the Pro Plan Covers
Pro is billed at AED 99 a month excluding VAT, with 5% VAT added on top. Since there's no minimum balance, you won't have penalty fees eating into your budget either.
A founder planning year-one cash flow works from the monthly fee plus VAT, then confirms it against the Schedule of Charges.
What Pro Plus Adds
Pro Plus is billed at AED 199 a month excluding VAT. That is a meaningful jump from Pro. But the 3% interest earned in the first 90 days can offset part of the fee, depending on your balance size. VAT still applies on top regardless of any interest earned.
A consultancy tracks that 90-day return against the monthly fee to work out its net cost.
How do business bank account charges UAE compare across plan tiers?
Pro is AED 99 a month and Pro Plus is AED 199 a month, both excluding VAT. Pro Plus costs more each month, offset partly by the 3% return on balances during the first 90 days. Ongoing help sits with business support.
Steps To Keep Your Account Fully Active Without Extra Charges
To avoid limits and possible closure, submit a UAE Residence Visa, Emirates ID, and valid proof of address within 90 days of account setup. Until these arrive, restrictions apply, such as limits on outward USD transfers.
Documents Required Before Applying
Trade license valid at least 30 days from application date.
Memorandum of Association for the company.
Emirates ID front and back per key person.
Signature specimen for each authorized signatory.
A founder gathers all four documents before starting the NEO BIZ application, which avoids unnecessary back-and-forth delays.
Steps To Complete Full Activation
Step 1: Complete Electronic Face Recognition, on device or via secure link.
Step 2: Submit UAE Residence Visa, Emirates ID and proof of address.
Step 3: Confirm submission within 90 days of setup.
A key person completes face verification remotely, then uploads residency documents inside that 90-day window. Miss it, and the account risks closure.
Common Mistakes That Trigger Rejections Or Limits
Using third-party contact details instead of your own.
Missing the 90-day document deadline entirely.
Assuming Full Freeze means the account works.
An applicant who lists an assistant's phone number instead of their own often sees the application bounced back. Only the primary account owner's details should ever be entered.
How Turnover And Shareholder Structure Route Your Application
Businesses below AED 100 million expected annual turnover with individual shareholders go through the NEO BIZ digital journey. At or above AED 100 million, or where any shareholder is an entity, applications route to Mashreq Business Banking with a relationship manager instead. Check the list of business activities before you apply.
Routing Below The AED 100 Million Threshold
Individual shareholders under AED 100 million use the digital NEO BIZ journey.
Businesses up to AED 10 million turnover get a faster application process.
Routing doesn't guarantee account eligibility on its own.
A small trading company under AED 10 million turnover moves through that faster track, which shortens the wait considerably.
Routing At Or Above The Threshold, Or With Entity Shareholders
Any shareholder that's an entity, not an individual, routes straight to Mashreq Business Banking. Turnover at or above AED 100 million routes the same way. A relationship manager handles these applications instead of the digital flow, which changes the pace and paperwork involved.
A holding company shareholder structure sends the application directly to a relationship manager rather than the automated system.
Where To Find The Full Fee List And Get Support
Mashreq's Key Facts Statement and Schedule of Charges hold the complete fee list, since pricing is set by Mashreq and can change. For questions, reach the NEO BIZ team at letstalkbiz@mashreqneobiz.com or +971 4 424 4550, Monday to Saturday, 8am to 8pm. Confirm your company name first with the name availability check.
Checking Mashreq's Official Fee Documents
The Key Facts Statement and Schedule of Charges list the complete, current fee schedule for every plan. Pricing set by Mashreq can change at any time without prior notice. Founders should review both documents carefully before applying, not after.
A founder cross-checks the Schedule of Charges before committing to Pro Plus, just to confirm nothing's shifted since last quarter.
Reaching NEO BIZ Support For Cost Questions
Email letstalkbiz@mashreqneobiz.com for fee clarifications.
Call +971 4 424 4550, Monday to Saturday, 8am to 8pm.
Mashreqbank PSC is regulated by the Central Bank of the UAE.
A founder calls the NEO BIZ line on a quiet Wednesday afternoon just to confirm plan charges before signing.
Business bank account cost Dubai in year one comes down to a straightforward monthly fee on Pro or Pro Plus, no minimum balance, and a handful of free features, provided your documents land on time. Once you've reviewed Mashreq's Key Facts Statement and gathered your paperwork, you're ready to move forward. If you haven't yet locked in your license, you can calculate your business setup cost and pair it with your banking budget before you commit.
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Frequently Asked Questions
