Foreign companies in Dubai and across the UAE are aplenty. Entrepreneurs from around the world prefer to register their business in the region due to the tax advantages offered to international clients. UAE is a popular business hub that attracts investors with some of the best business bank accounts. In this commercial hub, it is also possible to open a bank account in Dubai without a residence visa.
UAE is a member of the Gulf Cooperation Council (GCC) and the Greater Arab Free Trade Area (GAFTA) and is a party to several trade agreements with various countries. Hence, there is no duty levied on the mainland or onshore business conducted in Dubai and the UAE. The same applies to offshore company setups, which makes opening a business account even more worthwhile for business entities in the region.
Shuraa Business Setup will guide you through the entire process of your company formation and take you through the tax-friendly benefits this country has to offer. Whether you want to open an offshore bank account or enquire about the best offshore bank accounts in Dubai, we are here to help. Speak to one of our business setup experts today!
How to Open a Bank Account in Dubai, UAE?
- The passport (with residency visa) of the company’s shareholder representative.
- Copy of the Emirates ID card of the shareholder representative.
- Passport copy of the company director.
- Information about the type of activities on the account.
- Disclosure of the source of funds.