FAQs about Emirabiz Services
If you found a company which you want to buy, first of all you need to agree about terms and conditions of the sale-purchase deal with the current shareholder(s).
After that both of you need to come to AFZA with the original documents of the company and apply for the procedure "Shares transfer". It usually takes about 3 weeks. Upon completion, you will get amended company documents with new shareholding details. You will also need to change the Establishment card of the company after the shares transfer if the company is eligible for resident visas.
Yes, you can have a company registered outside Dubai, but reside in Dubai or any other Emirate. You do not have to live in the same Emirate where your visa belongs to. You can also have a bank account in a Dubai branch of any UAE bank of your choice.
The time required depends on several factors, including the type of your company, the nature of its activities, the nationality of the shareholders, and the business model. On average, it can take from 1 to 6 months.
All UAE banks support online banking and even mobile banking. You can manage your account via the Internet from anywhere in the world.
We advise against neglecting your bank account after depositing funds. Inactive accounts are often "frozen" by banks due to the lack of transactions.
The following banks open accounts of UAE offshore companies: Mashreq, NOOR, Emirates Islamic, RAK BANK.
Some banks may consider opening an account for a client without a residence visa but may require high balances or investment commitments. The most reliable and quickest way is to obtain a residence visa and Emirates ID, which facilitates account opening in 1-2 days.
To open a non-resident account, you generally need to provide documents such as your passport, proof of address, bank statements, and source of income. You will also be required to visit the bank in person, as remote account opening is not available for non-residents.
Certain UAE banks offer remote account opening for applicants with a residence visa. As a resident, applying for an account automatically categorizes the client as "low-risk," streamlining the online account opening process.
You can do a part-time freelance job, but in the majority of the free zones where you can get a freelance permit you need to provide a No Objection Certificate (NOC) from your visa sponsor (employer) in order to setup your freelance permit there.
Umm Al Quwain free zones provides permits without NOC.
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.