Can a bank account be opened in Dubai without a residency visa?

The final calculation of the costs for obtaining an employment visa, Emirates ID card, and opening a bank account will be determined by business consultants who will provide detailed information upon contact.

Assistance can be sought at any Amer centre. If the residency visa is sponsored by an employer, discussing the situation with the sponsor is advisable.

To apply for a JAFZA license for a consultant business in Dubai, it is necessary to provide specific information. This includes the business activity intended for registration under the company license, the number of shareholders involved, the nationality of the shareholder(s), and the number of resident visas required under the company license. This information is essential for the licensing process and ensures compliance with local regulations.

The e-trader license can be obtained through the Department of Economic Development (DED) in Dubai. This license is designed for individuals engaging in e-commerce activities and provides a legal framework for online trading within the emirate.

Opening a bank account in Dubai as a non-resident is subject to specific requirements set by banks. Typically, a minimum deposit is required, which varies among banks and is assessed on a case-by-case basis. The bank will require the minimum amount to be reflected in the bank statement balance, and an equivalent amount must be deposited into the account after it has been opened.

To open a bank account in the UAE as a non-resident, it is necessary to visit a selected UAE bank with specific personal documents. Required documents include the original passport, proof of address such as a utility bill or an address confirmation from a city council or municipality, personal bank statements from the past 3-6 months to demonstrate proof of funds, and a CV detailing personal and professional background. It is important to note that requirements may vary by bank.

An e-trader license allows non-GCC expats to engage in the sale of professional services via social media platforms. Permissible activities include, but are not limited to, maintenance services, repair services, event management, and photography services. However, the sale of physical products is not allowed under this license.

Changing a residence visa from a company-sponsored visa to an investor visa after making a real estate investment in Dubai is feasible. The process involves meeting specific criteria set by the relevant authorities, including proof of investment and compliance with legal requirements. It is advisable to consult with a qualified expert to navigate the necessary steps and ensure adherence to UAE regulations.

The types of companies that can be established in Dubai are influenced by the selected business activity and the specific industry requirements. Available options include free zone companies, which offer benefits such as 100% foreign ownership and tax exemptions; mainland companies, which allow for broader market access and the ability to operate within the local economy; and offshore companies, which are typically used for asset protection and tax optimization. Each type has its own regulatory framework and advantages, making it essential to evaluate the business goals before making a decision.