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CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold
Swiss banking fees are very high as compared to Singapore and Hong Kong.
indeed but getting the account will probably end up costing the same on average.
 

fbsworld

New member
What's the cost ? I think the cheapest I found was Hamriyah in Sharjah last time. Maybe SPC is cheaper. Let's compare. Hamriyah is 11k AED license fee.
It is currently AED 9,250 (for 1 Year for a 1 visa licence), AED 15,725 for 2 year, AED 22,200 for 3 year.
 

uplana

Corporate Services
Mentor Group Gold
Cheapest Free-zone is SPC FREE ZONE located in Sharjah. It is less expensive that Shams! Similar cost to a permit freelance!
and how about banking or EMI, what institution can do it?
 

CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold

CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold
MashreqNeoBiz is not an EMI. It is a banking service of Mashreq Bank but specialized for small businesses.
Correct but for the benefit of the forum the process is like opening an EMI, all online and you don't need to go to the bank.
Same as Emirates NBD E20 and LIV are all digital banks which allow for a turnover of up to AED 30M or roughly $8M/€7M/£5.5M equivalent.
You have to have an ID card to open, the process is just like Wise but a they ask for a few more docs.
 

PaulKruger

Specialist in anonymizing my own business!
Mentor Group Gold
Correct but for the benefit of the forum the process is like opening an EMI, all online and you don't need to go to the bank.
Same as Emirates NBD E20 and LIV are all digital banks which allow for a turnover of up to AED 30M or roughly $8M/€7M/£5.5M equivalent.
You have to have an ID card to open, the process is just like Wise but a they ask for a few more docs.
thank you for pointing details out.
 

Davis123

Entrepreneur
It is currently AED 9,250 (for 1 Year for a 1 visa licence), AED 15,725 for 2 year, AED 22,200 for 3 year.
Thx dear. Something to keep in mind as I am shifting my focus too. So a 3 year license would cost 7500 AED. That knocks off a chunk. I know a few friends who were paying 22k for 1 year with Ajman previously.
 

fbsworld

New member
Thx dear. Something to keep in mind as I am shifting my focus too. So a 3 year license would cost 7500 AED. That knocks off a chunk. I know a few friends who were paying 22k for 1 year with Ajman previously.
Yes that's definitely a good price for this Freezone!
 

ZurielS

New member
I got the Dubai remote visa, total cost (visa only): ~3000 AED for one year.
But the company is in another country so I suppose it will be harder to get a UAE tax resident.
 

HKS

New member
To follow the original thread request of the lowest cost structure with UAE residency.
What is the lowest cost option within Emirate of Dubai with resident visa, and ability to sponsor family. ?


Thanks

HK
 

HKS

New member
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AMD

Offshore Agent
Mentor Group Gold
I'm sure using Fred's or Gediminas solution to setup a company in Dubai will work out for most around here.

Yes, if you are going to want your total privacy without to worry about regime changes and if you have a shorter time for your business strategy I would go with the anonymizing of my entire Cyber presence as discussed in mentor group. I have been a big fan of anonymity but also have legal structures to supply the the other.

Dubai looks for me to be the next option will be in touch with the gentlemen's later this year.
 

Davis123

Entrepreneur
I got the Dubai remote visa, total cost (visa only): ~3000 AED for one year.
But the company is in another country so I suppose it will be harder to get a UAE tax resident.
It's not a good option for most people as one has to go get a visa, Emirates ID every year possibly driver license would have to renewed too (now five years license given when a couple of years ago it was 10 years for all visas).
 

Davis123

Entrepreneur
You've right but when looking just for residency, you do not need to open a professional bank account ;)
True. I am in process of wrapping up my business in Dubai and get a freelance Ajman visa ? It's much cheaper than other options except remote visa. Does anyone know if ESR , UBO are also going to be required in freelance visa too ? Forms after forms are now driving us nuts. Basically these forms nightmare have pushed down our throat by EU and OECD goons.
 
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DLS Dubai Company Formation and banking solution
Offshore Bank Accounts
DLS Dubai Company Formation and banking solution
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