UAE entities — whether structured under ADGM, DIFC, a Free Zone, or Mainland — increasingly need independent USD treasury infrastructure rather than routing everything through correspondent banking. That's especially true for holding companies and SPVs sitting above US portfolio companies, and operating companies billing US customers directly. Because the UAE is a FATF-enhanced jurisdiction, Hollis applies additional Know Your Customer review to every UAE application — this means slightly more documentation and a 1-2 business day review window rather than same-day, but it also means the account that comes out the other side is built on a compliance foundation that holds up to scrutiny from day one. Hollis & Co, through its partnership with Column N.A., is one of the few US banking partners that reviews ADGM and DIFC entities within 24 hours of complete document submission.
United Arab Emirates — Enhanced KYC jurisdiction. Review time: 1–2 business days.
The United Arab Emirates is FATF-monitored. Enhanced Due Diligence (EDD) applies to all UAE-incorporated entities.
ADGM and DIFC entities receive expedited review due to their robust regulatory frameworks.
Mainland LLC structures may require additional ownership chain verification.
All documents must be accompanied by a valid Trade License and passport of all UBOs.
Entity Types
Review Time
Required Documents
Fees
Application fee
$50
Setup fee
$1,450
Annual fee
$1,200
Domestic wire
$20
SWIFT wire
$30
FX spread
+0.75%
Incoming wires
Free
The application fee is non-refundable. Annual maintenance fee waived if your account maintains an average daily balance of $250,000 or greater across the 365 days prior to your renewal date.