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Mainland License in Dubai 2023 Overview

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Mainland License in Dubai–2023 Overview

Dubai Mainland 2023 Overview
Ivan Joson

Ivan Joson

Business Setup Consultant

15 Nov 2023

Dubai’s vibrant business landscape has been a magnet for entrepreneurs and investors from around the world. For those looking to set up a company in Dubai’s mainland, the process can be both rewarding and promising. In this guide, we’ll provide you with an overview of obtaining a Mainland License in Dubai, allowing you to embark on your entrepreneurial journey with confidence and clarity.

The Advantage of a Mainland License

Dubai's mainland offers a strategic location and a diverse customer base, making it an attractive option for business setup. A Mainland License in Dubai allows you to tap into the local market, bid for government contracts, and operate anywhere within the UAE. The possibilities are vast, and the potential for growth is significant.

Understanding the Legal Framework

Navigating the legal requirements is a critical step in obtaining a Mainland License in Dubai. You’ll need to choose a legal structure for your business, such as a Limited Liability Company (LLC) or a Sole Proprietorship. Understanding the implications of each structure, including shareholding requirements and liability, is essential for making an informed decision.

Business Activities and Approvals

Defining your business activities is crucial for the application process. You'll need to specify the nature of your business and obtain approvals from relevant government authorities, depending on your industry. This may include the Knowledge and Human Development Authority (KHDA), the Dubai Municipality, or other regulatory bodies.

Choosing a Business Name

Selecting a suitable and unique business name is a significant aspect of obtaining a Mainland License. Dubai's naming guidelines must be followed, and your chosen name should not infringe on any existing trademarks. The name is your brand's identity, so choose it wisely.

Full Ownership and Local Partner

Dubai Economy & Tourism (DET) permits full ownership for foreign investors or entrepreneurs, 100% foreign ownership is available for more than 1,000 commercial and industrial activities. Other business activities that are not included would require a local partner who holds at least 51% of the company’s shares. Choosing the right local partner is crucial, as they will have a significant influence on your business. Drafting a clear and comprehensive partnership agreement is essential to protect your interests.

Renting Office Space

You’ll need a physical office space to obtain a Mainland License. Selecting the right location and office space is vital, as it impacts your business’s accessibility and reputation. Ensure that the office space meets the specific requirements set by the DET.

Preparing the Required Documents

The documentation process is extensive, and you’ll need to prepare a range of documents, including your business plan, passport copies, NOC (No Objection Certificate) from your local partner, and lease agreements. Ensuring that all documents are complete and accurate is crucial to a smooth application process.

The Application Process

With all documents in order, you can now submit your application for a Mainland License. The process involves multiple government departments, and you may need to liaise with various authorities. Be prepared for a thorough review of your application and the possibility of additional documentation requests.

Launching Your Mainland Business

Once your Mainland License is approved, you can officially launch your business in Dubai. Besides obtaining your trade license, you can initiate the visa processing of your employees with relevant government authorities. It’s a moment of accomplishment and the beginning of your entrepreneurial journey in Dubai’s bustling mainland.

Image of Business Bay Dubai Panoramic

Empower Your Ambitions with EZONE​

Obtaining a Mainland License in Dubai opens doors to a world of opportunities and possibilities. Your business can thrive in the heart of Dubai’s bustling economy, tapping into a diverse customer base and strategic location.

Book a FREE Consultation and launch your business in Dubai! You can email us at hello@e.zone or call us at 800-EZONEUAE(39663823).

Dubai Free Zone Company Formation

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Landscape image of Dubai Burj Al Arab

Dubai Free Zone Company Formation

Samantha Simms

Samantha Simms

Business Setup Consultant

30 Oct 2023

Setting up a business in Dubai’s Free Zones is a strategic move for entrepreneurs looking to establish a presence in the heart of the Middle East. Known for their attractive incentives and business-friendly environment, Dubai’s Free Zones have become a magnet for investors from around the world. In this guide, we will explore the intricacies of company formation in Dubai’s Free Zones, equipping you with the knowledge and tools needed to embark on this exciting journey towards establishing your own venture.

The Allure of Dubai's Free Zones

Dubai's Free Zones have gained a reputation as global business hotspots, offering a unique blend of tax advantages, 100% foreign ownership, and streamlined administrative processes. These zones cater to a wide array of industries, from technology and logistics to media and healthcare. With this enticing combination of benefits, it's no wonder that entrepreneurs flock to Dubai to realize their business aspirations.

Choosing the Right Free Zone

Dubai boasts a multitude of Free Zones, each tailored to specific industries and business activities. Deciding on the right Free Zone for your company is crucial to your success. Some popular choices include The Dubai Multi Commodities Centre (DMCC), Meydan Free Zone, Dubai International Financial Centre (DIFC), Dubai Media City (DMC), Dubai Internet City (DIC), and Dubai Healthcare City (DHCC). We’ll provide insights to help you select the one that aligns best with your business goals.

Legal Framework and Licensing

Understanding the legal framework is the cornerstone of successful company formation in Dubai's free zones. The process begins with selecting a business structure - whether it's a Free Zone Establishment (FZE), Free Zone Company (FZC), or a Branch of an existing company. Each option has its own set of requirements and benefits. We'll guide you through the intricacies of this process to ensure you make the right choice.

Document Preparation and Submission

Once you've selected a free zone and business structure, you'll need to prepare the necessary documents. These typically include your business plan, passport copies, visa applications, and NOC (No Objection Certificate) if you're transferring from another company. The completeness and accuracy of your documents play a vital role in expediting the registration process.

Company Name Registration

Your company's name is a significant aspect of its identity. Dubai's free zones have specific naming guidelines that must be followed. We'll help you craft a suitable and unique name for your business that complies with the regulations, ensuring a smooth registration process.

Office Space and Facilities

Flexi-desks are a popular choice for businesses of all sizes, especially solo entrepreneurs, freelancers, startups, and SMEs. Dubai free zones offer a variety of flexi-desk packages with low overheads, minimal upfront investment, and instant access to business facilities. We’ll discuss your options, which may range from flexi-desks to dedicated office spaces, and help you make the right choice based on your business requirements.

Visa and Employment Matters

To operate effectively in Dubai, you’ll need to consider visa applications for yourself and your employees. We’ll navigate the visa application process, providing insights into the different types of visas available and the requirements for obtaining them.

Banking and Financial Considerations

Setting up a business bank account in Dubai is a fundamental step in the process. We’ll guide you through the banking requirements, including the documentation needed to open an account, and help you select a bank that aligns with your business needs.

Launching Your Free Zone Company

Once all the formalities are completed, you’ll be ready to officially launch your Free Zone company in Dubai. This includes receiving your trade license and commencing operations. We’ll provide guidance on the post-formation steps to ensure a seamless transition into the business world.

Image of Palm Jumeirah

Unleashing Potential with EZONE

In conclusion, EZONE offers a world of opportunities for entrepreneurs and businesses looking to thrive in the global market. Company formation in Dubai’s Free Zones is a strategic move that provides access to an unparalleled business environment.

Book a FREE Consultation and kick-start your business journey! You can email us at hello@e.zone or call us at 800-EZONEUAE(39663823).

7 Key Benefits of the Dubai Golden Visa

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Header image with the title "7 Key Benefits of the Dubai Golden Visa"

7 Key Benefits of the Dubai Golden Visa

Ivan Joson

Ivan Joson

Business Setup Consultant

20 Sep 2023

UAE, with its state-of-the-art infrastructure and unparalleled economic opportunities, has become a global magnet for entrepreneurs, investors, and high-net-worth individuals. One of the most sought-after avenues for securing residency in this dynamic city is the Dubai Golden Visa.  This exclusive program offers a pathway to long-term residency for individuals and families who meet certain criteria. We will explore the seven key benefits of the Dubai Golden Visa and why it has captured the attention of the world.

1. Long-Term Residency

The Dubai Golden Visa provides the privilege of long-term residency in the Emirate. Depending on the category, visa holders can enjoy a 10-year residency, providing stability and security for themselves and their families. This extended residency not only fosters a sense of belonging but also opened doors to various opportunities.

2. Business Opportunities

Dubai is a global business hub, and holding this visa enables entrepreneurs and investors to tap into its thriving economy. They can establish and expand businesses without the need for a local sponsor, which is a significant advantage in a competitive market.

3. Travel Benefits

Dubai is a central aviation hub, and Golden Visa holders enjoy convenient travel options which allows them to stay outside of the country for an unlimited period. With excellent connectivity to numerous destinations worldwide, Dubai serves as an ideal base for frequent travelers.

Businessman with Golden Visa waiting at the airport

4. Property Ownership

Golden Visa holders can own property in Dubai, further solidifying their ties to the Emirate. This is a significant advantage for those looking to invest in the real estate market, which has consistently shown resilience and growth.

5. Retirement Planning

The UAE Golden Visa is an excellent option for those considering retirement in a cosmopolitan and vibrant city. It allows retirees to enjoy their golden years in a city known for its safety, luxury, and cultural diversity.

6. Access to World-Class Education Institutions

Families with this visa gain access to world-class education institutions. Dubai boasts an array of prestigious schools and universities that offer internationally recognized curricula, ensuring the best educational opportunities for children.

7. Family Support

One of the most significant benefits of this visa is the ability to sponsor your family and domestic workers to live and work in the UAE with you. This includes your spouse, children, parents, and domestic helpers and drivers. This is a huge benefit for families, as it allows you to keep your loved ones close and support them financially.

Happy family with Golden Visa in Dubai

Conclusion

In conclusion, the UAE Golden Visa offers a multitude of advantages that extend beyond residency rights. It paves the way for individuals and families to thrive in a city that continually pushes the boundaries of innovation and opportunity. Whether you’re an entrepreneur, investor, or simply seeking a higher quality of life, this visa is your key to unlocking the limitless potential of this dynamic metropolis.

For inquiries about getting hold of your own Dubai Golden Visa, please don’t hesitate to reach out to us at 800-EZONEUAE (39663823) or via email at hello@e.zone. Our dedicated team is ready to provide the correct guidance and streamline the process to help you achieve a life of luxury and convenience in Dubai.

How to start a Civil Company in Dubai

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Dubai buildings with Civil Company as headline

How to Start a Civil Company in Dubai

Ailan Lapuz

Ailan Lapuz

Operations Manager

28 Aug 2023

The United Arab Emirates is a great place to start a business. It offers many benefits, such as easy business establishment and securing a visa. You can set up a company in Dubai with the help of a company formation specialist, like EZONE.

The regulatory body responsible for granting approval for company establishment in Emirate of Dubai is the Dubai Economy and Tourism Department (DET). A civil company is one of the legal structures incorporated in the Mainland where there can be multiple partners who are licensed professionals in their respective fields offering specific services. Since there are various types of civil companies, here is the necessary information you need to know when you incorporate a civil company in Dubai.

What is a Civil Company?

  • A Civil Company is a business partnership or establishment involving a group of two or more professionals conducting service-related or professional activities.

Ownership

  • Any nationality can be a professional partner in a civil company.
  • Each partner is jointly responsible without limitation for the company’s liabilities.

Activities

  • A Civil Company caters to various services such as:
    • Consultancy
    • Educational
    • Medical and healthcare
    • Legal professionals/services
    • Media and communications
    • Design services
    • Financial advisory
    • Accounting
    • Engineering
    • Other related professions and/or services
Image of business woman in Dubai

Advantages

  • 100% Foreign Ownership
    • 100 % foreign ownership is allowed while working with a Local Service Agent (LSA) in the UAE which is necessary to conduct business in Mainland.
  • LSA Support
    • LSA has no financial ownership and has the responsibility of communicating with government authorities on the owner’s behalf if necessary.
  • No Limitation on Visas
    • Apply for more than one visa depending on the size of the office space.
  • Shareholder Structure
    • Shareholders are entitled to 100% company liability and are skilled in certain industry fields to participate in professional operations.
    • The minimum number of shareholders required is two and the maximum are 50.
  • Sponsorship
    • Owners can sponsor company employees on residence visas.
  • Limitations
    • Trading activities are not allowed in professional license.

Requirements​

  1. Clear full-page colored scanned copy of current passport – 1st page and last or signature page (if applicable) Note: passport must be valid for at least 6 months at the time of application submission
  2. Clear passport size photo
  3. Copy of recent visa (Tourist, Residence, Cancelation or Entry Stamped)
  4. Copy of old Emirates ID (if any)
  5. Non-Objection Letter issued by the sponsor or authority if the appointed Manager holds
    employment visa.
  6. Copy of trade license of the shareholder or appointed manager holds an investor or partner visa.
  7. Completed and signed DED License Application Form
Process

Process

  1. Initial approval
    • The approval is done by DET which is the licensing authority in the UAE. Some activities are subject to external approval.
  2. Trade Name Approval
    • Three trade names must be given of which at least one will be approved.
  3. Local Service Agent Agreement
    • The owner and LSA will physically or digitally sign the agreement.
  4. Office Space
    • It is mandatory to have a physical office and submit a tenancy contract with an Ejari.
  5. Additional Approvals
    • Specific approvals from government and non-government agencies may be required by the DET for the registration process
  6. Payment
    • A payment voucher will be given after the completion of all the steps which will enable you to collect the trade license for your sole establishment

Rules and Regulations

  • Professionals, regardless of their nationality, can engage in professional activities within the framework of DED business regulations.
  • The allocation of managers within a civil establishment or a civil company license is subject to specific limitations dictated by the chosen civil legal structure.
  • To enlist a Local Service Agent, a formal Service Agent agreement is obligatory. Precision in selecting a trade name is vital, ensuring it resonates cohesively with the firm’s commercial endeavors.
  • Dubai permits a civil company to establish multiple branches, each capable of conducting singular or all activities specified in the main business license.
Two business women in a meeting

How can EZONE help you?

Understanding the regulations and compliance for establishing a Civil Company in Dubai involves several key considerations. EZONE Business Setup streamlines and offer a comprehensive solution to cater to your complete business requisites, spanning from initiating a Civil Company setup to facilitating office space procurement and securing partnership or employee visas.

Our team will be your steadfast companion throughout the entire process, guaranteeing a seamless and efficient launch of your business operations. Feel free to contact us today at 800-EZONEUAE (39663823) or via email at hello@e.zone to explore how our expertise can propel your business inception.

How to Start a Sole Establishment in the UAE

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Panoramic view of Dubai Skyline with the title "Sole Establishment"

How to start a Sole Establishment in the UAE?

Carl Marvin

Carl Marvin

Business Setup Advisor

10 Aug 2023

Being one of the most business-friendly countries in the world, the UAE offers a variety of business setup options for emerging entrepreneurs, including Sole Establishment. Whether you are deciding to start your business on Mainland, you need to choose a specific corporate legal structure that fits your requirement.

With numerous choices available, you may be wondering what type of business structure is right for you. One option to consider is a sole proprietorship. In this type of business, the owner is the sole proprietor meaning that he or she is the only one who has a say in decision-making and who gets to keep the profits as there is only one shareholder allowed in this structure. Additionally, the owner is solely responsible for controlling the business and enduring all the liabilities or debts incurred.  

Explore the essentials and advantages of Sole Proprietorship. Understand their benefits, procedures, processes, and other related aspects that will make your company establishment easier in the UAE.

Mainland Legal Structure

What is a Sole Establishment?

  • A Sole Establishment is a business owned by one individual with a business license issued under his or her name.
  • The legal entity is owned and operated by a single individual who takes all the responsibilities including the financial liabilities.
  • The individual possesses 100% of the business, controls all the activities, and keeps 100% of the profits.
  • A company or corporate body cannot own the business therefore the individual is personally liable for the business activities.

Ownership

Activities

  • Foreign, UAE, and GCC nationals can form a sole proprietorship with certain requirements and applied conditions.
  • UAE or GCC nationals can choose any type of industrial, commercial, tourism, or professional activity.
  • Only UAE and GCC nationals can start a specific consultancy with a multitude of activities.
  • As a foreign national, you can only apply for a professional license and all professional activities are eligible under sole establishment.
  • It is mandatory for foreign nationals who acquire a professional license to have a Local Service Agent (LSA) for sole establishment registration.
    • An LSA acts as a government liaison or officer with an annual fee applied for their representation.
  • UAE and GCC nationals have more options and can form any type of establishment in several business activities such as:
    • Trading
    • Import-Export
    • Real-Estate
    • Industrial
    • Commercial
    • Professional
  • Foreign nationals who reside in the UAE can form sole proprietorships and offer professional services such as:
    • Consultancy
    • IT
    • Legal
    • Engineering
    • Marketing
    • (or other business activities that are service-related or professional in nature)
  • The law restricts certain business activities or fields that a foreigner can engage in as a sole proprietor
    • Import-export
    • Trading
    • Real-estate
Image of different types of business activities

Advantages

  • Sole Ownership
    • 100% ownership of the business
  • Flexible location
    • Legally practice professional services anywhere in the UAE, including Free Zones
  • No paid-up capital requirements
    • The government has waived paid-up capital requirements which allow sole owners for 100% profit retention
  • Affordable setup
    • Acquire large premises with low startup costs and faster business registration
  • Corporate Bank Account
  • Sponsored dependents visa
    • If you are eligible to apply, get your own visa including your dependent’s visa

Requirements​

  • Clear full-page colored scanned copy of current passport – 1st page and last or signature page (if applicable) Note: passport must be valid for at least 6 months at the time of application submission
  • Clear passport size photo
  • Copy of recent visa (Tourist, Residence, Cancelation or Entry Stamped)
  • Copy of old Emirates ID (if any)
  • Non-Objection Letter issued by the sponsor or authority if the appointed Manager holds
    employment visa.
  • Copy of trade license of the shareholder or appointed manager holds an investor or partner visa.
  • Completed and signed DED License Application Form
Requirements

Process

  • Initial approval
    • The approval is done by DET which is the licensing authority in the UAE. Some activities are subject to external approval.
  • Trade Name Approval
    • Three trade names must be given of which at least one will be approved.
  • Local Service Agent Agreement
    • The owner and LSA will physically or digitally sign the agreement.
  • Office Space
    • It is mandatory to have a physical office and submit a tenancy contract with an Ejari.
  • Additional Approvals
    • Specific approvals from government and non-government agencies may be required by the DET for the registration process
  • Payment
    • A payment voucher will be given after the completion of all the steps which will enable you to collect the trade license for your sole establishment
Two people having a meeting

How can EZONE help you?

If you are looking for a faster and more flexible way to start your business, get in touch with EZONE’s market-leading experts who can provide you with customized packages that suit all your needs. Tap into the wealth of legal, and industry knowledge and book your free consultation today. Call us at 800-EZONEUAE (39663823) or email us at hello@e.zone and get the answers to all your corporate queries.

Starting a Business in RAKEZ: What You Need to Know

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Ras Al Khaimah Economic Zone

Starting a Business in RAKEZ: What You Need to Know

Osama Bin Ashraf

Osama Bin Ashraf

Business Setup Advisor

22 June 2023

Ras Al Khaimah, often abbreviated as RAK, is one of the seven emirates that comprise the United Arab Emirates (UAE). Located in the northern part of the country, Ras Al Khaimah is known for its stunning landscapes, including scenic mountains, golden sandy beaches, and the crystal-clear waters of the Arabian Gulf.

Ras Al Khaimah (RAK) is quickly becoming a popular destination for entrepreneurs from around the globe. Gaining a reputation as one of the most progressive emirates in the UAE, RAK offers opportunities for businesses to reach new heights. From start-up-friendly regulations to competitive taxation incentives, there are plenty of reasons why those looking to build their businesses should invest in RAK.

What is RAKEZ?

In 2017, The Ras Al Khaimah government established the Ras Al Khaimah Economic Zone (RAKEZ) to oversee and manage its key free zones, namely the Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA). The governing bodies and management teams of both free zones merged, with Sheikh Ahmed bin Saqr Al Qasimi serving as the chairman and Ramy Jallad as the group CEO, leading the unified entity. RAKEZ, a comprehensive business hub, offers a diverse array of benefits and incentives, making it even more appealing for businesses seeking to establish a presence in Ras Al Khaimah.

Industrial Warehouse
RAKEZ Table

Being a global hub catering to a number of businesses, RAKEZ offers reliable support – from visa facilitation through licensing options which are designed to provide customized solutions, technical support, and exceptional facilities to all kinds of entrepreneurs.

As a comprehensive business hub, RAKEZ has made its mark on investors across the globe. With over 50 different industries represented within this multinational Free Zone, RAKEZ offers many attractive prospects for startups, SMEs, and big industry players.

Corporate Office
How can EZONE help you?

Kickstart your business journey at RAKEZ. Let our business setup consultants make it easy for you to set up your enterprise with no hassle or stress. With RAKEZ offering vast opportunities for entrepreneurs around the globe – now is the perfect time to explore and reap its rewards. Discover the benefits of this cutting-edge economic zone and jumpstart your business at RAKEZ by getting in touch with us at 800-EZONEUAE or setup@e.zone today. Our team is ready to assist you with all that you need. 

Start Your Business in RAKEZ

AED 13,500
  • Business License
  • Residence Visa
  • Establishment Card
  • E-Channel
  • Medical
  • Emirates ID
  • Change of Status (if applicable)
Enquire Now
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What do you need to open a bank account in the UAE?

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Opening Bank Account in the UAE

What do you need to open a bank account in the UAE?

Aprilyn Manalili

Aprilyn Manalili

Sr. Client Relations Executive

17 May 2023

The United Arab Emirates (UAE) is becoming one of the most preferred and top destinations for business due to its pro-business regulation, cutting-edge financial system, stable domestic currency, diverse perspective in the market, freedom from exchange controls, and flexible banking access.  

Whether you are from abroad or within the region, one of the first things you will need to know are the  kinds, requirements and, the process of opening a Corporate Bank Account to keep your business at pace and running to get ahead in today’s world of online transactions.  

As an essential aspect, a corporate bank account secures your money, tracks your spending, and manages your finances – all while helping you improve your credit standing with greater ease. To understand the process of opening a Corporate Bank Account in the UAE, let’s look at the eligibility criteria, type of corporate bank accounts available, and requirements.

What are the different kinds of Corporate Bank Accounts?

  • Onshore Bank Account is in your country of residence where you are subject to all applicable laws, taxes, and foreign exchange rules within that country, so you don’t have to stress about overseas regulations.
  • Offshore Account is for those who reside somewhere other than the UAE – meaning they can take advantage of financial services from their home country or anywhere around the globe.
  • Merchant Bank Account enables businesses to simplify their transactions by processing electronic payments through credit, debit cards, and other types of electronic modes of payment systems making it easier for customers to purchase goods or services.

Who is eligible to open a Corporate Bank Account?

Opening a Corporate Bank Account in the UAE requires due diligence as banks have established qualifications that must be met in accordance with the Central Bank of UAE laws. Depending on the business owner’s requirements, banks take time to review each one’s eligibility criteria, keeping in mind that these standards can vary from bank to bank. 

No matter the size, setup, or nature of your business, you can open a corporate bank account in the UAE. All you need to do is show proof that your company legally exists via its license – an easy step towards a better financial organization.

What documents are required?

Business man signing on documents

Mainland Bank Account

*All the primary documents are required while the additional documents are dependent on the business and bank’s criteria:

Main Documents:

  • Trade License of all shareholders 
  • Certified company incorporation documents
  • Residence visa copy of the primary signatory
  • Emirates ID 
  • Office tenancy or Ejari contract (physical office) 
  • Valid passport copies of all shareholders
  • Memorandum of Association (MoA)

Additional Documents: 

  • 6-month personal bank statements of all shareholders
  • Company Profile/Business Plan
  • Utility bills as address proof (for certain nationalities) 
  • Personal profiles (CVs) of the signatory 
  • Debit/credit invoices and contract agreements
  • Name of prospective clients/suppliers 

Free Zone Bank Account

Primary Documents: 

  • Trade License 
  • Shareholder certificate 
  • Memorandum of Association (MoA)/Article of Association (AoA)
  • Valid passport copies of all shareholders
  • Residence visa copy of the primary signatory
  • Emirates ID (if applicable)
  • Office tenancy contract (physical office)

Additional Documents: 

  • 6-month personal bank statements of all shareholders
  • Company Profile/Business Plan
  • Utility bills as address proof (for certain nationalities) 
  • VAT certificate 
  • Personal profiles (CVs) of the signatory 
  • Invoices, bills, and contract agreements 
  • Name of prospective clients/suppliers

Offshore Bank Account

Main Documents

  • Trade License 
  • Shareholders certificate 
  • Valid passport copy 

Additional Documents

  • 6-month bank statement
  • Certificate of Incumbency (if applicable)
  • Certificate of Good Standing (if applicable) 
  • Parent company legal documents 
  • Office tenancy as proof of address
  • Residence visa copy 
  • Emirates ID (if applicable)
  • Utility bill of shareholders showing proof of address 
  • Corporate legal documents
  • Company Profile/Business Plan 
  • Website (if applicable) 
  • Name of potential clients/suppliers
  • Tax identification number/card (applies to certain nationalities)

Foreign Entity Bank Account

  • Trade license 
  • Shareholder certificate 
  • Memorandum of Association (MoA) 
  • Article of Association (AoA) with legal attestation 
  • Valid passport copy 
  • Residence visa copy 
  • Emirates ID (if applicable)
  • Utility bills with the address of proof 
  • Corporate legal documents 
  • 6-month bank statement 
  • Name of potential clients

Non-Resident Bank Account

  • Personal documents
  • Passport copy –  front and back 
  • Incorporation documents
  • Tenancy contract or proof of address from the home country under your name 
  • Latest utility bill from the home country 
  • Tax Registration Number
  • Bank Statement 
  • Curriculum Vitae (CV)
What are the steps?

Assessment: To choose the most suitable bank account, you need to consider the chief purpose or goal of your business and evaluate the operations, including the financials of your company. Additionally, what best fits your requirements and what you hope to accomplish – be it saving for the future, investing in the current market, or going by your daily transactions, needs to be considered.  Certain documents may need to be provided during the assessment stage of proceedings in order to move forward effectively.

 

Application: Upon applying for a UAE corporate bank account, your application can be processed in person or online. However, to ensure legal authenticity and authorization, which is at the bank’s discretion, documents must be physically signed at the respective bank’s premises for approval.

How can EZONE help you?

Establishing a bank account for your business can be a difficult process. At EZONE, we prioritize ensuring that you gain access to the best banking solutions tailored specifically to your needs – whether it’s a private, corporate, or SME  bank account. 

Our experienced team provides comprehensive banking assistance to business owners looking to incorporate their company’s bank accounts in the UAE. We assess and initiate the profiling of all aspects related to your business before introducing you to our wide network of reputable banks which are fully capable of activating satisfactory results based on your company’s needs, size, and expected volume of transactions. To help you set up your corporate bank account, get in touch with us today at 800-EZONEUAE or setup@e.zone.