Personal Bank Account for UAE Residents

[4br]

I am researching the following:

- setting up a Dubai free zone company, with visa and Emirates ID
- setting up a corporate bank account for the above entity
- purchasing an apartment or home in Dubai

Before I would make the last step I would like to get a personal bank account in The UAE. Does anyone have any experience of doing this without a fixed address in The UAE? And general experience of having a personal account in The UAE.

 

[Gediminas]

You can use the hotels' address for this.

A personal bank account in UAE is‌ a must if you want to receive a tax certificate (usually after 6 months).

What freezone are you thinking about?

 

[4br]

I am doing a lot⁠ of reading at the moment, but from what I am reading here it seems it⁤ those who incorporate outside Dubai, wish they had paid a little extra for a Dubai⁣ setup.

The main one that has caught my interest is Meydan Free Zone. Though I⁢ don't understand if I fit the criteria. I have an internet business where all the︀ income is from advertising. I am not sure if that falls under the umbrella of︁ the media free zone. The most detailed description I can find is: advertisement, marketing, and︂ communication. My business activities would only involve me working from home. All my employees are︃ in Eastern Europe.

 

[Gediminas]

If you wish, send me an email. My partner (lawyer/legal advisor) knows a lot about‌ UAE zones, so I am pretty sure we could consult you about the best-fit options.‍

Ajman FZE could possibly be your choice.

 

[CaptK]

You can open a personal account in 2 ways. Pay a large minimum deposit on‌ a fixed term basis about 50K. This can be done as a non resident.

Get your Emirates ID via your visa and every bank will open you a savings account‍ which is basically a current account without any facilities. No overdraft or cheque book.

You can do both without a UAE address you can use your current address.

You would⁠ be better to use Project Management liscence as it doesn't have a set industry and⁤ then it covers you for mostly all consulting roles or coordinating projects.

 

[troubled soul]

Very true, Many digital Bank App only require UAE number and Emirate ID︀ nothing else.
Here is the app list

(Liv. UAE - Digital Lifestyle Bank) play.google.com/store/apps/details?id=com.liv.android&pid=Livwebsite
(RAKBANK Digital Banking) play.google.com/store/apps/details?id=com.rak
(Mashreq Neo) play.google.com/store/apps/details?id=com.mashreq.NeoApp
(FAB Mobile) play.google.com/store/apps/details?id=com.fab.personalbanking

You can check Dubai Internet CIty︁ .
I think 16.2 Internet And Multimedia will be your best choice.
I attach the︂ activity List below.

"purchasing an apartment or home in Dubai"

You can buy remotely Before︃ you arrive .All can done remotely. You can directly from Developer No agent involve with︄ Payment Plan .
(Emaar) properties.emaar.com/en/buy-from-us-directly/
(Dubai Holding) dp.ae/our-portfolio/homes-to-buy/
(Damac)damacproperties.com/en/view-online-and-book/

Dubai Land department App
(play.google.com/store/apps/details?id=ae.gov.dubailand.selfregistration)

YouTube Guide for Buying Home (From Dubai Land department)
youtube.com/watch?v=e2zTiup6XpY

 

[minotari]

What kinds of‌ visa allow one to get Emirates ID?

 

[CaptK]

Employee, spouse, family and investor visa.

There are a few companies that are willing to‌ make you an employee for about 2K a year. That way you can get an‍ employee visa and take advantage of the benefits.

 

[minotari]

2k usd or uad?

how do I‍ find such companies?

Who can tell me - how do I find such companies? What keywords should I look for in the internet?

Dubai fake employement - isn't it. And⁠ I don't want a fake illegal one, I want a fake but legal one, although⁤ not a *real* employement.

 

[CaptK]

It's real employment. You are registered under the company⁤ and then your issued a visa which then allows you residency and ID card.

 

[minotari]

That's not‍ a complete answer

 

[CaptK]

You can be issued a‌ contract on a commission only basis and given an email address.

thats the best your‍ going to get any other arrangements is between you and the company owner

 

[AMD]

What type of company is that? I mean⁠ are they incorporation services or are they in some other industry?

 

[CaptK]

Actual company owners, LLC (onshore) and FZ (Freezone).

 

[minotari]

Ok.

My question also has been "how do‍ I find such companies? What keywords should I look for in the internet?"

My goal⁠ is to get a legal employment document of any kind, which I then would use⁤ for opening a personal bank account and perhaps some other services. I don't need an⁣ actual job itself.

 

[troubled soul]

gofreelance.ae
You can check this also.
Good option for what are looking for

 

[CaptK]

I know exactly what you want, contract, visa, Emirates ID which then gets you⁤ a bank account. This is not something that is advertised.

 

[minotari]

You can't know exactly what I want. The most close you can get is to speculate‍ what I want in your opinion 🙂

 

[minotari]

Thx