Finance · Daily NewAB Capital Services FZC, a Dubai-based business setup, corporate banking, and tax advisory firm led by FTA-Approved Tax Agent Bharat Bajaj, announced it has surpassed 1,400 UAE company formations and opened more than 2,150 corporate bank accounts, achieving a 94 percent approval rate. The firm also confirmed its status as a pre-approved Accredited Service Provider (ASP) for the UAE’s upcoming e-invoicing framework.
Bharat Bajaj, operating under Tax Agent Number 30008239, was among the first in Dubai to qualify as an FTA Tax Agent through the English-language examination, previously available only in Arabic. Before founding AB Capital Services FZC, Bajaj worked in Global Payments at Deutsche Bank across EMEA, the UK, the US, Singapore, Hong Kong, Australia, and New Zealand, as well as in commercial finance at Kraft Heinz Africa.
With over a decade of UAE business setup experience, AB Capital Services FZC provides services including mainland, free zone, and offshore company formation, corporate bank account opening, accounting and bookkeeping, VAT and corporate tax compliance, and PRO, visa, and immigration support. The firm’s ASP status enables it to transition clients to compliant e-invoicing ahead of the regulatory deadline, a key compliance change for its accounting and tax clients.
AB Capital Services FZC has completed more than 1,400 company formations, including 1,000 in free zones and 400 on the mainland. The company is an official partner of RAKEZ, IFZA, and SHAMS, has been recognized by IFZA and RAKEZ for company registration volume, and was named Rising Star Channel Partner 2025 by Shams Free Zone.
Trade licenses are generally issued within 7 to 10 working days, with some cases completed more quickly. For example, a recent US client completed the required UAE visit in two days and had Emirates ID and company setup finished within six days. Another client, a Bangladeshi national who had previously faced multiple rejections, was licensed in three to four days after documentation was rebuilt.
In the UAE, while obtaining a trade license is often straightforward, many new businesses encounter delays in opening corporate bank accounts. AB Capital Services FZC has developed a specialized corporate banking practice to address this challenge, opening more than 2,150 UAE corporate bank accounts at a 94 percent approval rate. Corporate accounts are typically opened within two to three working days.
Most of these accounts are for companies not initially formed by AB Capital Services FZC. Founders approach the firm at various stages—newly licensed, midway through an application, or after being refused by a bank. AB Capital Services FZC rebuilds the application file to meet compliance requirements. The service is available to any UAE-registered company, regardless of where it was established.
The firm has worked with founders from more than 100 nationalities, including those with low, medium, and high-risk profiles. This includes non-resident owners, applicants in business activities that banks often decline, and clients who had previously been rejected elsewhere. Some profiles require enhanced KYC and compliance review, and AB Capital Services FZC prepares files to withstand regulatory scrutiny. In one instance, the firm secured a business bank account for an Iranian national within 24 hours, a profile most UAE banks typically decline.
“A licence is not a business until money can move through it,” said Bharat Bajaj, Founder and CEO of AB Capital Services FZC. “Most founders learn how hard the banking is only after they have paid for everything else. We would rather have that conversation before the structure is chosen, because by then it is expensive to change.”
AB Capital Services FZC’s service lines include business setup, corporate banking, tax compliance, and e-invoicing. The firm is registered at SRTIP Free Zone, Sharjah under licence 1543 and operates from Bur Dubai. It is an FTA-Approved Tax Agency under Tax Agent Number 30008239, VAT TRN 104126416700003, and a pre-approved Accredited Service Provider for UAE e-invoicing.
For more information, visit abcapital.ae or follow the company on LinkedIn, Instagram, Facebook, X, and YouTube.
About AB Capital Services FZC
AB Capital Services FZC is a business setup, corporate banking, and tax advisory firm registered at SRTIP Free Zone, Sharjah and operating from Bur Dubai. The firm is an FTA-Approved Tax Agency and a pre-approved Accredited Service Provider for UAE e-invoicing.
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Media Contact:
Bharat Bajaj
AB Capital Services FZC
info@abcapital.ae
+971 58 561 9500
