Multi-currency business account for UAE companies
Hold, convert and send in 30+ currencies from one platform. Named IBANs in AED, USD, EUR, GBP, JPY and more, no minimum balance.
30+ currencies
Zero minimum balance
Free account opening
Everything your business needs to go global
Simplify your payments and manage multiple currencies with ease so you can keep your business running smoothly
Set up your account in three steps
Simple steps to set up your account within 24 hours!
Any questions? We’ve got answers
What is a multi-currency business account in the UAE?
A multi-currency business account lets UAE companies hold, send and receive funds in multiple currencies from one platform, without opening separate accounts in each country. Hubpay's account includes named virtual IBANs in 30+ currencies, best FX rates, forward contracts, and global payroll, all under one platform.
How many currencies does Hubpay support?
Hubpay supports named virtual IBANs in 30+ currencies including AED, USD, EUR, GBP, JPY, AUD, CAD, CHF, SGD, HKD, CNY and NZD. You can hold balances in each currency, convert at transparent rates, and send payments across 85+ countries.
Can a non-resident open a multi-currency business account in the UAE?
Yes. Non-resident founders and company directors can open a Hubpay business account fully digitally without a UAE Emirates ID. You need a valid UAE trade licence, passport copies of all directors and shareholders, and proof of business address.
How does Hubpay's FX pricing compare to a UAE bank?
Traditional UAE banks charge 2-5% on every foreign currency conversion, usually embedded in the exchange rate with no disclosure. Hubpay offers full transparency. For a business converting $1M annually, Hubpay provides competitive rates compared to UAE banks.
What documents are needed to open a multi-currency business account?
You need your valid UAE trade licence, passport copies of all company directors and shareholders, and proof of business address: Ejari, free zone tenancy contract, or lease agreement. For DIFC or ADGM-registered entities, your certificate of incorporation and Memorandum of Association are sufficient.
Does Hubpay offer forward contracts for currency hedging?
Yes. Hubpay offers forward contracts allowing businesses to lock in an exchange rate up to 12 months ahead with a 5% deposit. Available on Treasury tiers, used by businesses with predictable foreign currency exposure on supplier contracts, payroll and procurement.
Have more questions?
From anything to everything, get in touch with our support team