Best company incorporation service for UAE company?

[Ava]

What is that bank? and What are the⁠ requirements usually to open? is it private banking?

 

[Larry]

Emirates NBD. You need at least a residence in‍ UAE to open a private account or a company in UAE to open business account⁠ + 25.000EUR minimum deposit. No private banking.

 

[Ava]

how long does the bank account opening takes? are⁠ they strict for the Freezone company?

 

[Larry]

Depends on your nationality, citizenship, resident or non-resident, business model‍ and type of license you choose for your freezone.
A guy with residence in UAE,⁠ citizenship French and physical products trading with Freezone in Dubai of course will have better⁤ chances to open an account then a guy without residence in UAE, citizenship Pakistan, "consulting"⁣ business and Freezone in Ras Al Khaimah.
Normal account opening time is 4-6 weeks. But⁢ it depends from case to case and if they don't like your setup in combination︀ with your personal background they will put you in a never ending loop of asking︁ documents.
So make sure that you choose a agent that can you provide the whole︂ setup from A to Z so that you have much higher chances to get a︃ good bank account opened. But guarantee for banking nobody can give you nowadays.

 

[Ava]

thank you︃ so much for your detailed information. 🙂

 

[myhand]

UAE sucks if you don't have a large operation or you are going to have‌ lots of $$$ in place! They are one big fat rip off in the sentence‍ of hidden fees and overpriced services.

 

[TurnedToRobot]

What is the reliable provider of UAE companies around?

 

[BillBong]

This is an interesting topic, but i doubt this would work for a US resident/citizen.‌ Not sure about UK either.

I'd consider this solution, is there anyone selling shelf companies?‍ Is banking easy to setup?

 

[devnull]

how about dmcc.ae ? assuming if I plan onshore and not offshore?

 

[sub0]

expensive than you even imagine + you cannot open company remotely, not even‌ bank account also they require to renew visa every two years with the cost of‍ 5000/-AED (1400USD) and many more procedures to setup any kind of company. very very hectic.⁠

 

[sub0]

banking setup is not easy⁠ and they need you in person every time (IF) there is related to account also⁤ at the time of setup. travel cost, hotel cost, food, etc. UAE is an expensive⁣ option. I have 13 years experience of UAE so yeah...

 

[sub0]

I have a very close friend setting up a business in UAE for new owners but‌ I don't recommend setting up a business in UAE, its an expensive option.

 

[Marc M]

Hey Nicholas, first of all congrats for your profund postings! Can you give me the︉ registered agent's company name with the mentioned AED2500 service price? Thx in advance!

 

[Spinat]

I would like to know that too if you don't mind⁠ 😉

 

[Nicholas Van Orton]

Hi, that specific quote was from Universal Consultats DMCC (www.uaefreezones.me) and an email to contact them directly [email protected] . Bear in mind that this⁠ comes on top of the other costs (AED15-25K depending on the freezone, number of visas⁤ required, etc). They are well regulated in a variety of freezones, for example you can⁣ find them in the RAK ICC authorized agents' list Registered Agents .

Hope this helps,⁢ best of luck with your endeavours out there.

 

[Marc M]

Many thanks Nicholas, you are a knowledge benchmark and really great!

 

[clemens]

Thank you, very helpful thu&¤#