If your answer is yes, then you should definitely think about opening a bank account in the United Arab Emirates as it’s highly rated as ZERO tax jurisdiction.
The United Arab Emirates is a popular destination for expats from all across the globe, it is a federation of seven emirates, with autonomous emirate and local governments. UAE does not have any enforced federal income tax legislation for general business. An income tax decree has been enacted by each Emirate, but in practice, the enforcement of these decrees is restricted to foreign banks and to oil companies.
There are differences in the system of the opening of bank accounts in the UAE for residents and non-residents. Residents of the country have access to an unlimited number of financial instruments and services, while the non-residents need to provide well supported documents in order to pass compliance procedures and get their new bank account approved.
Freedom with capital repatriation with complete anonymity
SETUPZONE is ready to assist you with the Bank Account Opening in the UAE as well as recommending the bank that will best meet your requirements. There are lots of banks that can offer you loans, internet banking, and fantastic business facilities out here. SETUPZONE is always ready to recommend the best banking option for you.
Requirements of Bank Account Opening in the United Arab Emirates
| COMPANIES | INDIVIDUALS |
| Trade License & All registration Docs | Passport Copy |
| Passport copy of UBOs | Residency Visa |
| Passport copy of the company manager | Salary Certificate |
| Proof of Residential Address |
