FAQs about Emirabiz Services
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The timeline depends on the type of business and the shareholders' background. Companies on the mainland get accounts faster, while offshore companies usually wait longer for opening. The process can take from 1 to 3 months.
There is no best bank in this case. Each business has different opportunities and requirements. There is no one bank for everyone. During consultations, we select a bank where your account is most likely to be opened based on your business.
The most well-known banks in the UAE are Emirates NBD, First Abu Dhabi Bank, Emirates Islamic Bank, Mashreq, RAK BANK, Dubai Islamic Bank.
Yes, but the approval process will be very lengthy, or the account opening application may be rejected. It is recommended to open a local company in the UAE on the mainland or in a free zone and apply to open a bank account for this company to get a faster result.
The requirement for opening a business account is essentially one — to successfully pass the compliance procedure. This stage is not only challenging but also crucial; hence, the key to your success lies in securing a reliable business mediator, such as our company.
The cost of business setup in Dubai varies based on the type of license, free zone, or mainland setup. Prices start from AED 5,500 for free zones.
Key benefits include low corporate tax (9%) and VAT (5%), access to global markets, a stable economic environment, free zones with 100% foreign ownership, streamlined registration procedure, and flexible visa options.
Starting a business in Dubai involves choosing a business activity, selecting a location (free zone or mainland), obtaining the required licenses, registering your company with the relevant authorities, and opening a bank account.
Planning to start a business in the UAE? With Emirabiz, you can navigate the process quickly and effortlessly. We provide expert assistance with company registration, licensing, residency visas, bank accounts, and comprehensive business support.