{"id":7219,"date":"2021-11-16T16:14:47","date_gmt":"2021-11-16T12:14:47","guid":{"rendered":"https:\/\/www.societedubai.com\/faq-dentreprise\/"},"modified":"2023-06-14T16:47:35","modified_gmt":"2023-06-14T12:47:35","slug":"frequently-asked-questions","status":"publish","type":"page","link":"https:\/\/www.societedubai.com\/en\/frequently-asked-questions\/","title":{"rendered":"Frequently Asked Questions"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-animated\" style=\"--awb-border-sizes-top:0px;--awb-border-sizes-bottom:0px;--awb-border-sizes-left:0px;--awb-border-sizes-right:0px;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-margin-bottom:120px;--awb-margin-bottom-medium:80px;--awb-margin-bottom-small:60px;--awb-flex-wrap:wrap;\" data-animationType=\"fadeInUp\" data-animationDuration=\"1.3\" data-animationOffset=\"top-into-view\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1310.4px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion-flex-column\" style=\"--awb-bg-blend:overlay;--awb-bg-size:cover;--awb-width-large:40%;--awb-margin-top-large:20px;--awb-spacing-right-large:4.8%;--awb-margin-bottom-large:80px;--awb-spacing-left-large:4.8%;--awb-width-medium:40%;--awb-spacing-right-medium:4.8%;--awb-spacing-left-medium:4.8%;--awb-width-small:83.333333333333%;--awb-spacing-right-small:2.304%;--awb-margin-bottom-small:15px;--awb-spacing-left-small:2.304%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\" style=\"--awb-font-size:var(--awb-typography2-font-size);--awb-line-height:var(--awb-typography2-line-height);--awb-letter-spacing:var(--awb-typography2-letter-spacing);--awb-text-transform:var(--awb-typography2-text-transform);--awb-text-color:var(--awb-color4);--awb-text-font-family:var(--awb-typography2-font-family);--awb-text-font-weight:var(--awb-typography2-font-weight);--awb-text-font-style:var(--awb-typography2-font-style);\"><\/div><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-margin-bottom:0px;--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:20px;--awb-margin-left-small:0px;--awb-font-size:37px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:37;line-height:1.35;\">Here Is The Most Frequently Asked Questions.<\/h2><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion-flex-column\" style=\"--awb-bg-blend:overlay;--awb-bg-size:cover;--awb-width-large:60%;--awb-margin-top-large:20px;--awb-spacing-right-large:3.2%;--awb-margin-bottom-large:80px;--awb-spacing-left-large:6.4%;--awb-width-medium:60%;--awb-spacing-right-medium:3.2%;--awb-spacing-left-medium:6.4%;--awb-width-small:83.333333333333%;--awb-spacing-right-small:2.304%;--awb-spacing-left-small:4.608%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-2 fusion-text-no-margin\" style=\"--awb-text-color:var(--awb-color7);--awb-margin-bottom:0px;\"><p>We tried to answer most of the common questions which might arise.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:20px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:83.333333333333%;--awb-order-small:0;--awb-spacing-right-small:2.304%;--awb-spacing-left-small:2.304%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><style type=\"text\/css\">#accordian-1 .fusion-panel:hover,#accordian-1 .fusion-panel.hover{ background-color: var(--awb-color2) } #accordian-1 .fusion-panel { border-color:var(--awb-color4); border-width:0px; background-color:hsla(var(--awb-color4-h),var(--awb-color4-s),var(--awb-color4-l),calc( var(--awb-color4-a) - 90% )); }.fusion-accordian #accordian-1 .panel-title a .fa-fusion-box:before{ font-size: 16px;width: 16px;}.fusion-accordian #accordian-1 .panel-title a .fa-fusion-box{ color: var(--awb-color1);}.fusion-accordian #accordian-1.fusion-toggle-icon-right .fusion-toggle-heading{ margin-right: 34px;}.fusion-accordian  #accordian-1 .panel-title a{font-size:20px;font-family:var(--awb-typography1-font-family);font-weight:var(--awb-typography1-font-weight);font-style:var(--awb-typography1-font-style);}.fusion-accordian  #accordian-1 .panel-title a:not(:hover){}.fusion-accordian  #accordian-1 .toggle-content{font-family:var(--awb-typography4-font-family);font-weight:var(--awb-typography4-font-weight);font-style:var(--awb-typography4-font-style);}.fusion-accordian #accordian-1 .fa-fusion-box { background-color: var(--awb-color4) !important;border-color: var(--awb-color4) !important;}.fusion-accordian #accordian-1 .panel-title a:hover,.fusion-accordian #accordian-1 .panel-title a.hover { color: hsla(var(--awb-color8-h),var(--awb-color8-s),calc( var(--awb-color8-l) + 38% ),var(--awb-color8-a));}.fusion-faq-shortcode .fusion-accordian #accordian-1 .fusion-toggle-boxed-mode:hover .panel-title a { color: hsla(var(--awb-color8-h),var(--awb-color8-s),calc( var(--awb-color8-l) + 38% ),var(--awb-color8-a));}.fusion-accordian #accordian-1 .panel-title .active .fa-fusion-box,.fusion-accordian #accordian-1 .panel-title a:hover .fa-fusion-box,.fusion-accordian #accordian-1 .panel-title a.hover .fa-fusion-box { background-color: hsla(var(--awb-color8-h),var(--awb-color8-s),calc( var(--awb-color8-l) + 38% ),var(--awb-color8-a))!important;border-color: hsla(var(--awb-color8-h),var(--awb-color8-s),calc( var(--awb-color8-l) + 38% ),var(--awb-color8-a))!important;}<\/style><div class=\"fusion-faq-shortcode\" style=\"\"><div class=\"fusion-faqs-wrapper\"><div class=\"accordian fusion-accordian\"><div class=\"panel-group  fusion-toggle-icon-right\" id=\"accordian-1\"><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-8253 new-corporate-tax-uae-2023 \"><span class=\"entry-title rich-snippet-hidden\">From what date will profits be taxed?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-06-16T16:56:37+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-8253\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8253\" href=\"#collapse-1-8253\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">From what date will profits be taxed?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-8253\" aria-labelledby=\"faq_1-8253\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>The tax will start to apply on the figures of the 1st financial year of your company, which will start after June 1, 2023. If your financial year, provided for in your articles of association, starts on January 1st until December 31st, then your first tax will only concern the profit generated between January 1st, 2024 and December 31, 2024.<\/p>\n<p><b>When do we have to declare and pay?<\/b><\/p>\n<p>Declarations and payments will be due within 9 months of the end of your financial year. In the example above, this would be the end of September 2025.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-8252 new-corporate-tax-uae-2023 \"><span class=\"entry-title rich-snippet-hidden\">Who pays tax and how much?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-06-16T16:50:17+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-8252\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8252\" href=\"#collapse-1-8252\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Who pays tax and how much?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-8252\" aria-labelledby=\"faq_1-8252\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p><b>Who?<\/b><\/p>\n<p>1\/ Mainland LLC local companies<\/p>\n<p>2\/ Free Zone companies. We are awaiting the Cabinet Decision, as these companies being very important for the Emirates and their activities mainly oriented towards international and export, they may not be taxed. The expected clarification concerns the share of income that free zones generate on the local market, and whether this would call into question the income generated for export.<\/p>\n<p>3 \/ <b>And the RAKICC companies?<\/b> We are waiting for clarifications on this type of company if they have to register.<\/p>\n<p>&nbsp;<\/p>\n<p><b>How is the tax calculated?<\/b><\/p>\n<p>The tax is 9%, on <u>profits<\/u> over AED 375,000 (approx. USD 100,000). Below this profit threshold, the tax is 0%.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-8251 new-corporate-tax-uae-2023 \"><span class=\"entry-title rich-snippet-hidden\">What type of company should register for corporation tax?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-06-16T16:45:50+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-8251\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8251\" href=\"#collapse-1-8251\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What type of company should register for corporation tax?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-8251\" aria-labelledby=\"faq_1-8251\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Mainland companies and Free Zone companies are required to register and obtain a registration number.<\/p>\n<p>Regarding the IBCs (International Business companies) of RAKICC, we are still awaiting clarifications from the Cabinet Decision<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-8250 new-corporate-tax-uae-2023 \"><span class=\"entry-title rich-snippet-hidden\">New UAE Corporate Tax 2023<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-06-16T15:08:27+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-8250\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8250\" href=\"#collapse-1-8250\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">New UAE Corporate Tax 2023<\/div><\/a><\/h4><\/div><div id=\"collapse-1-8250\" aria-labelledby=\"faq_1-8250\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>The corporate income tax, announced last year, came into effect on June 1, 2023.<\/p>\n<p>It had been announced a corporate tax of 9% on the portion of profits above AED 375,000.<\/p>\n<p>The types of income affected are still not final at the time of this writing, we are awaiting the Cabinet Decision which will clarify this.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5633 company-setup \"><span class=\"entry-title rich-snippet-hidden\">How can I set up a Business in Dubai?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T16:32:58+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5633\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5633\" href=\"#collapse-1-5633\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">How can I set up a Business in Dubai?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5633\" aria-labelledby=\"faq_1-5633\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>A business license is required in Dubai to open a business. The most common types of business licenses are three. Offshore, Free Zones, and the Mainland. Each license category has a different application process.<\/p>\n<p>In Dubai, business setup primarily entails the following:<\/p>\n<ul>\n<li>Initial approval from the competent authority, for initiation of the business.<\/li>\n<li>After carefully examining the documents, the authority grants their legal and official approval. This comprises the investor&#8217;s name, credentials, place of residence, financial stability, and other details.<\/li>\n<li>The AOA and MOA, the basic organizational structure, the official and commercial space, and other factors will be examined by the authorities to determine the business&#8217; viability.<\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5634 company-setup \"><span class=\"entry-title rich-snippet-hidden\">What About the Office or Commercial Premises ?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T16:33:03+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5634\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5634\" href=\"#collapse-1-5634\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What About the Office or Commercial Premises ?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5634\" aria-labelledby=\"faq_1-5634\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>We advise you and help you identify offices or commercial premises. Some neighborhoods or free zone have rental prices that vary from single or triple. The question of the office and the available budget can also be decisive for the choice of your free zone or the type of company.<\/p>\n<p>For trading, import and export activities, you may need storage solutions, local and international transport, handling of your products and goods. We bring you the logistics solutions you need.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5635 company-setup \"><span class=\"entry-title rich-snippet-hidden\">What is the type of the Company can i open in UAE ?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T16:33:08+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5635\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5635\" href=\"#collapse-1-5635\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What is the type of the Company can i open in UAE ?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5635\" aria-labelledby=\"faq_1-5635\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Several types of companies are possible. We listen to you to understand your needs and constraints. We then discuss the possible solutions available to you, and validate together a final solution. We can then proceed with the administrative formalities of the creation of the company<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5558 offshore \"><span class=\"entry-title rich-snippet-hidden\">Can i open Offshore Account in International Bank ?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T16:33:15+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5558\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5558\" href=\"#collapse-1-5558\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can i open Offshore Account in International Bank ?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5558\" aria-labelledby=\"faq_1-5558\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p class=\"faqfield-question\">No! International banks such as HSBC, Standard Chartered Bank, Barclays, Citibank, \u2026 do not provide bank account opening services in Dubai for offshore companies.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5559 bank-account-opening \"><span class=\"entry-title rich-snippet-hidden\">Can i Open Bank Account Remotely ?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T13:58:11+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5559\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5559\" href=\"#collapse-1-5559\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can i Open Bank Account Remotely ?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5559\" aria-labelledby=\"faq_1-5559\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>In Dubai, all banks are obliged to see clients in person! Your physical presence is required for the signature of the bank account opening documents and submission of your valid passport.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5536 offshore \"><span class=\"entry-title rich-snippet-hidden\">Can i open Offshore Account in International Bank ?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T13:58:17+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5536\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5536\" href=\"#collapse-1-5536\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can i open Offshore Account in International Bank ?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5536\" aria-labelledby=\"faq_1-5536\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><h3 class=\"faqfield-question\">No! International banks such as HSBC, Standard Chartered Bank, Barclays, Citibank, \u2026 do not provide bank account opening services in Dubai for offshore companies.<\/h3>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5533 offshore \"><span class=\"entry-title rich-snippet-hidden\">Are corporate shareholders permitted in Dubai offshore?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T13:58:22+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5533\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5533\" href=\"#collapse-1-5533\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Are corporate shareholders permitted in Dubai offshore?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5533\" aria-labelledby=\"faq_1-5533\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p class=\"faqfield-question\">Yes, JAFZA allows corporate shareholders.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5530 offshore \"><span class=\"entry-title rich-snippet-hidden\">Which documents are accepted as proof of residence for offshore incorporation?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T13:58:28+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5530\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5530\" href=\"#collapse-1-5530\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Which documents are accepted as proof of residence for offshore incorporation?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5530\" aria-labelledby=\"faq_1-5530\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p class=\"faqfield-question\">ID Card, UAE Residence visa, utility bills like gas bills etc. (most recent)<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5527 offshore \"><span class=\"entry-title rich-snippet-hidden\">Do I have to have the physical premise for the offshore company?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T13:58:33+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5527\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5527\" href=\"#collapse-1-5527\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Do I have to have the physical premise for the offshore company?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5527\" aria-labelledby=\"faq_1-5527\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p class=\"faqfield-question\">Not necessarily; you can only incorporate your business without having any business entity in the UAE<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5522 bank-account-opening \"><span class=\"entry-title rich-snippet-hidden\">What is the minimum balance required?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T13:58:41+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5522\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5522\" href=\"#collapse-1-5522\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What is the minimum balance required?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5522\" aria-labelledby=\"faq_1-5522\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>The balance requirements are kept in the form of monthly average balance. Some banks have the minimum monthly average cap as low as AED 10,000 or equivalent amount in any other currency.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5519 offshore \"><span class=\"entry-title rich-snippet-hidden\">Is an offshore company eligible for letter of credit?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T13:58:47+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5519\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5519\" href=\"#collapse-1-5519\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Is an offshore company eligible for letter of credit?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5519\" aria-labelledby=\"faq_1-5519\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Offshore companies are not eligible for letter of credit (LC) or any other credit facilities from the banks.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5512 llc-2 \"><span class=\"entry-title rich-snippet-hidden\">What kind of company structure should I choose?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T13:59:08+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5512\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5512\" href=\"#collapse-1-5512\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What kind of company structure should I choose?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5512\" aria-labelledby=\"faq_1-5512\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><div class=\"elementor-accordion-item nitro-offscreen\">\n<div id=\"elementor-tab-content-1976\" class=\"elementor-tab-content elementor-clearfix elementor-active\" role=\"tabpanel\" data-tab=\"6\" aria-labelledby=\"elementor-tab-title-1976\">\n<p>This depends on your needs, as well as the needs of your business. You could set up your company as a Sole Establishment (this is the same as a Sole Proprietorship), as a\u00a0<strong>Limited Liability Partnership<\/strong>, a Limited Liability Company, a Private Limited Company, or a Professional Services Company.<\/p>\n<p>You also have the option of setting up your company on the mainland, in a free zone (only limited liability company structures are permitted here), or offshore.<\/p>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5500 freezone-2 \"><span class=\"entry-title rich-snippet-hidden\">What are the benefits of Dubai freezone company formation?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T13:59:16+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5500\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5500\" href=\"#collapse-1-5500\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What are the benefits of Dubai freezone company formation?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5500\" aria-labelledby=\"faq_1-5500\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><div class=\"fusion-li-item-content\">\n<ul>\n<li>You are 100% owner of your business<\/li>\n<li>You can repatriate 100% of capital and profits<\/li>\n<li>No corporate tax<\/li>\n<li>No income tax<\/li>\n<li>Infrastructure and facilities for industrial and commercial purposes.<\/li>\n<li>Simple import and export procedure<\/li>\n<li>No restrictions on hiring expatriates<\/li>\n<li>3 years residence visa for the United Arab Emirates<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5497 freezone-2 \"><span class=\"entry-title rich-snippet-hidden\">Which are the types of companies in a Free Zone?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T13:59:21+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5497\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5497\" href=\"#collapse-1-5497\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Which are the types of companies in a Free Zone?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5497\" aria-labelledby=\"faq_1-5497\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><ul class=\"archive_month\">You can choose to set up a Free Zone Company (FZC), Free Zone Establishment (FZE), Branch of a foreign company or Branch of a UAE company in Dubai Free Zone for Dubai freezone company setup.<\/ul>\n<p>&nbsp;<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5494 freezone-2 \"><span class=\"entry-title rich-snippet-hidden\">How much is the customs duty applicable to a Free Zone company?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T13:59:27+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5494\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5494\" href=\"#collapse-1-5494\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">How much is the customs duty applicable to a Free Zone company?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5494\" aria-labelledby=\"faq_1-5494\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Free Zone companies are exempted from export and import customs duties.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5491 freezone-2 \"><span class=\"entry-title rich-snippet-hidden\">Am I required to be a UAE resident to own a Free Zone company?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T13:59:33+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5491\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5491\" href=\"#collapse-1-5491\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Am I required to be a UAE resident to own a Free Zone company?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5491\" aria-labelledby=\"faq_1-5491\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>No, you are not need to reside in the UAE in order to start up a business in the Dubai free zone. The company&#8217;s general manager should live in the UAE, nevertheless.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5486 company-setup \"><span class=\"entry-title rich-snippet-hidden\">What are the advantages of setting up a business in Dubai?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T13:59:51+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5486\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5486\" href=\"#collapse-1-5486\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What are the advantages of setting up a business in Dubai?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5486\" aria-labelledby=\"faq_1-5486\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Dubai extends a warm welcome to investors. Dubai is one of the most developed cities in the world, and doing business there provides limitless opportunities. The legality, tax laws, and other official standards are created in a way that supports investment. The infrastructure is really well thought out and designed, giving you many opportunities to succeed.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-5483 company-setup \"><span class=\"entry-title rich-snippet-hidden\">Does establishing a business in Dubai include any legal complications?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-14T13:59:55+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-5483\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-5483\" href=\"#collapse-1-5483\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Does establishing a business in Dubai include any legal complications?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-5483\" aria-labelledby=\"faq_1-5483\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>The UAE&#8217;s legal framework was created with ease of investment in mind. The process and legal requirements are quickly completed by the authorities. As a result, you won&#8217;t have to wait long to start doing business in Dubai or the United Arab Emirates.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-1770 \"><span class=\"entry-title rich-snippet-hidden\">Can I start a Free Zone company in Dubai in 100% ownership?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-15T13:06:56+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-1770\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-1770\" href=\"#collapse-1-1770\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can I start a Free Zone company in Dubai in 100% ownership?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-1770\" aria-labelledby=\"faq_1-1770\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><div>\n<p>Yes. A Free Zone company in Dubai doesn\u2019t require a local sponsor. Therefore, you can own 100% shares in the company.<\/p>\n<\/div>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-1769 llc \"><span class=\"entry-title rich-snippet-hidden\">How to start an LLC company in UAE?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-10-10T17:57:11+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-1769\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-1769\" href=\"#collapse-1-1769\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">How to start an LLC company in UAE?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-1769\" aria-labelledby=\"faq_1-1769\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>To establish your\u00a0<strong>LLC Company in Dubai mainland<\/strong>\u00a0or anywhere else in UAE, you have to reserve a trade name and other necessary preliminary approvals from concerned authorities. You get an MOA from the company and also, submit the lease contract to the licensing authority. Also, find a local partner and rented office space to start your business.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-1765 \"><span class=\"entry-title rich-snippet-hidden\">How long does it take to incorporate a business in the UAE offshore?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-10-10T10:32:55+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-1765\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-1765\" href=\"#collapse-1-1765\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">How long does it take to incorporate a business in the UAE offshore?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-1765\" aria-labelledby=\"faq_1-1765\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>It does not take more than 2 days.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel fusion-toggle-no-divider fusion-toggle-boxed-mode panel-default fusion-faq-post fusion-faq-post-1767 \"><span class=\"entry-title rich-snippet-hidden\">Can one open a multi-currency account in the UAE?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/www.societedubai.com\/en\/author\/karsenna\/\" rel=\"author\">karsenna<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2022-11-15T13:12:10+04:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-1767\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-1767\" href=\"#collapse-1-1767\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can one open a multi-currency account in the UAE?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-1767\" aria-labelledby=\"faq_1-1767\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Yes; companies in the UAE can have accounts in different currencies like AED, USD, Euro, GBP, CHF, etc<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container hundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--link_color: var(--awb-color1);--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-right:0px;--awb-padding-bottom:0px;--awb-padding-left:0px;--awb-margin-bottom:0px;--awb-background-color:hsla(var(--awb-color8-h),var(--awb-color8-s),calc( var(--awb-color8-l) + 16% ),var(--awb-color8-a));--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-bottom:0px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:20px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:83.333333333333%;--awb-order-small:0;--awb-spacing-right-small:2.304%;--awb-spacing-left-small:2.304%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"footnotes":""},"class_list":["post-7219","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v27.7) - 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