FAQs about Emirabiz Services
The required capital depends on the business activity, location (mainland or free zone), and license type. Some businesses can start with as little as AED 5,000 to AED 15,000 (approximately USD 1,300 to 4,000), especially in the service or freelance sectors. For larger ventures like restaurants or retail shops, expect higher setup costs.
Yes. Dubai remains one of the most business-friendly cities in the world. It offers zero personal income tax, multiple free zones, modern infrastructure, and streamlined company registration processes. Whether you are a local entrepreneur or a foreign investor, Dubai provides a stable, scalable environment for growth.
An offshore company is well-suited for international e-commerce and digital businesses that do not target customers within the UAE. Since offshore companies cannot conduct business on the UAE mainland or with UAE residents, they are ideal for online entrepreneurs operating globally while benefiting from tax exemptions and flexible corporate structures.
Yes, offshore companies in the UAE are subject to annual renewal fees. These fees cover the maintenance of your company license, registered agent services, and compliance requirements. Renewal costs vary by jurisdiction but typically range from 7,500 AED to 25,000 AED per year, depending on the free zone and additional services required.
Yes, it is possible to open a corporate bank account for your UAE offshore company. However, banking requirements vary by jurisdiction and bank. Some zones, like RAK ICC, provide smoother access to banking services, while others, such as Ajman, may pose more challenges, especially for applicants of high-risk nationalities. Assistance from experienced consultants is recommended to navigate bank compliance and documentation.
All UAE offshore jurisdictions — Ajman, RAK ICC, and JAFZA — allow 100% foreign ownership. Offshore companies can be fully owned by non-residents without the need for local partners or sponsors.
Ajman Free Zone is the most budget-friendly option, with offshore company formation fees starting from AED 11,500. RAK ICC follows closely, offering setup packages from AED 12,500, with the added benefit of more flexible requirements. JAFZA remains the premium choice, with prices starting at AED 19,000, reflecting its high reputation and unique advantages.
Yes. In addition to AED, Emirates NBD offers current and savings accounts in major foreign currencies such as USD, EUR, and GBP, providing flexibility for international transactions.
Yes, Emirates NBD provides the option of Emirates NBD zero account balance opening online through its salary account. If your salary is regularly transferred into the account (minimum 5,000 AED), there is no need to maintain a minimum balance. For accounts without salary transfers, a minimum monthly balance of 3,000 AED is required. Falling below this amount results in a fee of 26.25 AED per month.
The minimum salary requirement for Emirates NBD salary account opening is AED 5,000. With this salary transfer account, you don’t need to maintain a monthly minimum and can enjoy benefits such as free account setup, a debit card, and access to additional banking services.
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.