If you're a freelancer with import/export activity through Fujairah free zones, NBF probably holds your business account. Extract every row, cleanly, in seconds.
Convert your statementNational Bank of Fujairah is primarily a trade and corporate bank. Most freelancers do not bank with NBF. The exception: freelancers and sole traders with import/export businesses operating through Fujairah free zones, or trade-services consultants on the Gulf of Oman shipping corridor. For that profile, NBF is the natural choice.
Since June 2023, UAE corporate tax is 9% on profits above AED 375,000. Trade finance entries on the NBF statement need careful categorisation for the CT return — they are not operating expenses and they should not be mixed with revenue.
NBF statements are bilingual Arabic-English, AED-denominated. The transaction labels you will see: SALARY TRANSFER, POS PURCHASE, ATM WITHDRAWAL, ONLINE TRANSFER, LC SETTLEMENT, TRADE FINANCE, IMPORT FINANCE, BANK CHARGES. For a small trade-services freelancer, LC and trade finance rows may be sporadic but they are present.
Low retail transaction volume means many NBF statement pages contain only 3-5 entries with large whitespace. Naive PDF parsers misread the page boundaries. Kashfbank handles the layout explicitly.
Trade finance rows go in their own bucket, separate from operating expenses and revenue.
Bilingual Arabic-English PDF. AED denominated. Dates DD/MM/YYYY. Columns: date, description, debit, credit, running balance. Trade finance and letter of credit entries clearly labelled with reference numbers. Customer name, IBAN, account type, and statement period in header. Running AED balance updated after each transaction.
| Label | Meaning |
|---|---|
| LC SETTLEMENT | Letter of credit settlement debit/credit |
| TRADE FINANCE | Trade finance facility drawdown or repayment |
| SALARY TRANSFER | WPS salary credit from employer |
| ATM WITHDRAWAL | Cash withdrawal from ATM |
| POS PURCHASE | Card payment at merchant |
UAE freelance permit holders are subject to 9% corporate tax on profits above AED 375,000 (since June 2023); statements must distinguish service income from personal transfers to calculate taxable profit.
Pull the NBF statement
From NBF Mobile, request the statement covering your CT period. Save the PDF.
Upload to Kashfbank
Bilingual rows are extracted with their AED amounts and full LC/trade finance reference codes preserved in the descriptor.
Tag trade finance separately
Mark LC SETTLEMENT, TRADE FINANCE, IMPORT FINANCE with a distinct Category value. These belong on a different chart-of-accounts line than operating expenses.
Export to CSV
Download into Zoho Books or your accountant's tool. Keep the PDF for the seven-year FTA retention window.
Common challenges
Should I use NBF as a freelancer?
NBF is built for trade-oriented businesses, not standard freelancers. If your work involves import/export, free zone trading, or LC-based transactions, NBF makes sense. Otherwise a retail-first bank is usually the better fit.
How does Kashfbank handle LC settlement entries?
LC settlement rows often appear as separate debit and credit entries for the same underlying transaction. Kashfbank preserves both with the LC reference code, so deduplication or matching can be done downstream in your accounting tool.
Does the FTA accept NBF statements for CT returns?
Yes. NBF is a UAE-licensed bank. Its statements are accepted as primary evidence of revenue and expenses for both CT and VAT filings.
Why are some NBF pages mostly blank?
NBF retail and small-account statements often have low transaction volume — 3 to 5 entries per page is common. The whitespace is normal. Kashfbank uses explicit page-boundary logic so blank areas are not misread as missing rows.
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Regulator: Central Bank of the UAE (CBUAE)
Fiscal year: Jan 1 – Dec 31 (Gregorian)
Full country guide →Statement language: English