Is Penta available for business in the United Arab Emirates?

By Morten Andersen, cofounder of Business Bank Index
Reviewed by Fredrik Filipsson
Availability

Penta for business in the United Arab Emirates: Not available

Key eligibility
None for the United Arab Emirates. Penta was a Germany focused SME business banking brand that no longer onboards new customers anywhere
Non resident position
A United Arab Emirates registered business cannot open a Penta account, as the Penta brand has been retired
Local currency support
No local dirham account. Penta operated in euro for German registered businesses only
Headline monthly fee
No United Arab Emirates pricing, since Penta is not offered locally and the brand has been discontinued
Availability and fees as of 17 June 2026Last reviewed 17 June 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

As of 17 June 2026, Penta does not serve business customers in the United Arab Emirates. Penta was a digital business banking brand built for companies registered in Germany, and it stopped taking new customers when its accounts were closed at the end of 2023 and the brand was wound down. A business registered in the United Arab Emirates cannot open a Penta account, so the alternatives below point to providers that serve the market today.

Does Penta serve business customers in the United Arab Emirates?

No. Penta was a German SME business banking brand that served companies registered in Germany, offering euro current accounts, cards and accounting integrations. It never opened to businesses registered in the United Arab Emirates. The Penta product was discontinued, with the last legacy accounts closed at the end of 2023 and the brand retired in early 2024, so it is no longer offered to new customers in any market. As of 17 June 2026.

Eligibility for businesses in the United Arab Emirates

There is no eligibility path for a United Arab Emirates registered business. Penta only ever onboarded businesses registered in Germany, and it no longer accepts new customers at all. A company registered in the United Arab Emirates does not meet, and cannot meet, the requirements for a Penta account. Verify with the provider

What it costs locally

There is no United Arab Emirates pricing. Penta published euro denominated monthly plans for German registered businesses while it operated, and that pricing is no longer relevant because the brand has been discontinued. Local United Arab Emirates fees were never offered. As of 17 June 2026

What local users report

There is no base of United Arab Emirates business account holders, because Penta never onboarded local companies and the brand has since closed to new customers. Businesses in the United Arab Emirates that want a digital business account today generally use local banks and cross border providers that operate in the market. Confirm the current position before relying on any provider.

Penta does not serve business customers in the United Arab Emirates as of 17 June 2026, and the brand no longer onboards new customers in any market. Verify directly with the provider. Providers confirmed available in the United Arab Emirates are listed on the United Arab Emirates country guide.

Questions about Penta in the United Arab Emirates

Is Penta available for business in the United Arab Emirates?
No. As of 17 June 2026 Penta does not serve business customers in the United Arab Emirates. Penta was a Germany focused SME business banking brand that stopped onboarding new customers and was wound down after its accounts were closed at the end of 2023. A United Arab Emirates business cannot open a Penta account. This is general information, not advice.
Can a business in the United Arab Emirates open a Penta account?
No. Penta only ever onboarded businesses registered in Germany, and the brand no longer accepts new customers in any market as of 17 June 2026. A company registered in the United Arab Emirates does not qualify. Confirm the current position with the provider.
Does Penta support the United Arab Emirates dirham?
No. Penta operated euro current accounts for German registered businesses and never offered a local dirham account, as of 17 June 2026. Businesses in the United Arab Emirates should look to providers that support the dirham locally. Confirm currency support with each provider.
What can a business in the United Arab Emirates use instead?
Providers that serve business customers in the United Arab Emirates are listed on the United Arab Emirates country guide, including local banks and digital options. Verify the current position with each provider before applying. As of 17 June 2026.

Availability, fees, and eligibility change. This page was last reviewed on 17 June 2026. Confirm the current position with Penta before applying.

Related

Penta reviewBank hub Business banking in the United Arab EmiratesCountry hub Online accounts and neobanks in the United Arab EmiratesUnited Arab Emirates topic Business account requirements in the United Arab EmiratesUnited Arab Emirates topic