Bank Account Opening

Dubai is an international business hub where financial activities are beyond imagination. To attain smooth financial transactions, there are lots of financial organisations that operate in the UAE.Being the financial capital of the Middle East, it’s no wonder in knowing that the banking sector has the largest significants in the whole of UAE. The banking institutions enables the opening of a bank account in Dubai, UAE for commercial purposes as well as personal needs.

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Frequently Asked Questions

If you are planning a new business setup in Dubai and wondering where to set up a business in Dubai? Then you must know that Dubai's demographic structure has been utilized to create a thriving hub for dynamic business activities. Dubai is divided into three zones: mainland, free zone, and offshore, and businesses must select the location that best suits their specific needs.

  • Steps to Starting a Business in Dubai 
  • Prepare the documentation. 
  • Get a business license. 
  • Start the visa process. 
  • Open a Business bank account.

    The cost of setting up a company in Dubai is not fixed and varies depending on the type of business license and company license you to intend to obtain. For instance, the cost of setting up a business in the mainland defers opening a Freezone company.

    • Real Estate. Real estate is one of the most established industries in Dubai.
    • Financial Services. The UAE has quite an organized and advanced financial system in place, to support the large-scale businesses there.
    • Retail
    • Tourism
    • Schooling
    • Healthcare

    The most effective business setup consultants in Dubai are those who provide comprehensive support throughout the entire process and offer extensive guidance on documentation and legal formalities. Top-rated company setup consultants in Dubai inform you about the process, associated costs, benefits, and other pertinent information to enable you to make an informed decision about setting up your business in the UAE.

    Free Zones are designated areas in UAE that allow you to start a company with 100% foreign ownership.

    Here are the key steps to set up a business in a free zone.

    • Determine the type of legal entity.
    • Choose a trading name.
    • Apply for a business license.
    • Choose an office space.
    • Get pre-approvals, register your business and get your license.

    Most of the Dubai UAE banks allow non-residents only to open a Savings Account and not a Current Account. Nevertheless, non-residents cannot receive a checkbook; a debit card will be issued to non-residents to withdraw the money. As a non-resident, the equilibrium will be minimal and/or maximum.

    Yes, Dubai encourages business set-up regardless of nationality through its friendly laws and policies.