Being an international business hub, UAE has a big number of local and international banks. Almost all well-known global banks can be found here. However, companies registered in the UAE will have better chances of bank account opening in big local banks, fully or partially owned by UAE government: FAB (First Abu Dhabi Bank), Emirates NBD, Emirates Islamic Bank, ADIB (Abu Dhabi Islamic Bank), Mashreq (a semi-government bank), Dubai Islamic Bank, Sharjah Islamic Bank, RAK Bank.
The Emirabiz Blog
We help you to prepare for the start of UAE business: detailed tutorials, case studies and opinions from our advisors
- 17 Jun 2020
- 15 Jun 2020
There are different reasons to attest the documents with the Ministry of Foreign Affairs and International Cooperation (MoFAIC). In most cases the purpose of the attestation is to use the UAE issued documents in the foreign country or to legalize the international documents for the UAE.
- 07 Apr 2020
Very often we get asked about the cheapest way to do the business setup in Dubai. And it is quite understandable, however, when you are choosing the registration options you have to consider not only the price but what you get and what you need.
A lot of our clients ask us about hidden fees. Why is that and what kind of hidden fees can be there?
- 18 Feb 2020
How to save your money on the e-channel and incorporate a business is a more customer-friendly free zone? Choose the zone which has waived e-channel fees!
- 12 Feb 2020
UAE is an ideal place for family life: safety, good weather, high education standards. Needless to say that most expats moving to the UAE, want to bring their families with them. Whether you got a job or did a starting a business in Dubai, you want your family to be near.
- 11 Feb 2020
Getting Dubai permanent residency visa is an easy and straightforward process equally for men and women. However, when it comes to sponsorship of a family, huge differences come up.
- 11 Feb 2020
Flexi-desk, also known as smart office, is basically a desk in a sharing office. It is an obligatory minimum office requirement, and you cannot register a Free Zone company without at least a Flexi-desk. It is usually included into the License package.
- 06 Feb 2020
DMCC stands for Dubai Multi Commodities Center. It is one of the largest and most recognized free zones of the UAE. It is located in Dubai in the district of Jumeirah Lakes Towers, or JLT.
- 05 Feb 2020
Medical check-up is a necessary step during getting UAE residency. It has to be done after receiving your entry permit, also known as entry visa.
- 30 Jan 2020
Check here all you must know about Emirates ID in 2020: how to get it, where to apply, how long it is valid for and how much it costs. What to do if you lost your Emirates ID? Fresh information from UAE business setup and residency advisors.
- 15 Sep 2019
Economic substance came into force in 2019. How to satisfy substance requirements in UAE? Is your company in the scope? How to comply if you are in a low tax jurisdiction? Key facts you must know about it and best jurisdiction to move to. Check out now before it's too late!
- 26 Jun 2019
Guide on getting UAE residence visa: types of visas and detailed visa procedure for a business owner. Types of companies eligible for visas. How to maintain and renew your UAE visa. How to sponsor a family in the UAE. Medical check and Emirates ID process. Clear answers to all your visa questions here.
- 09 Aug 2018
The United Arab Emirates have offered miscellaneous implementations this year in several spheres. The most significant updates have touched Immigration related matters. Even though it’s too early to do summaries of the year but why not to sum up what happened within past 7 months and coming soon?
- 21 Jan 2016
Business start has never been so easy and affordable - multiple payments, 1 day license. Will everyone be able to benefit?
- 02 Nov 2015
Umm Al Quwain Free Zone had rocked the market in 2015 when it came up with some brand new benefits, which were impossible to get anywhere else. Up to now it remains one of the leading destinations of the entrepreneurs in the northern Emirates. Why?
- 20 Nov 2014
DMCC (ex. JLT) the largest and fastest growing free zone is located in a lake front development called Jumeirah Lakes Towers in the heart of Dubai with an unrivalled location on intersection 5 close to Dubai Marina and Mall of the Emirates and ten minutes from Jebel Ali Sea and Air Ports and the Logistic corridor.
- 18 Oct 2014
Can I trade with Dubai Mainland from such a company? If you want to trade with Dubai from a Free Zone you have to comply with two conditions:
- 18 Oct 2014
Dubai’s real estate market is witnessing huge expansion. It outperforms some of the biggest capitals of the world. Foreign investors are coming to setup a real estate business and facing many questions which we are now going to discuss.
- 17 Oct 2014
Most Free Zones in Dubai require some capital amount before they actually issue your license. However, there are some Free Zone which do not require any capital or require it to be shown at later stages of your business development. Here we go…
- 16 Oct 2014
In order to open a UAE bank account for such company, you need to do legalization of your overseas company’s documents
- 15 Oct 2014
It is equivalent of an offshore, but has more credibility due to its legal status – IBC.
In order to form a company, I need the following