How much does VAT registration cost in the UAE?

Most traditional UAE banks require at least one in-person visit for corporate account opening due to KYC requirements. However, some banks and fintech providers now offer remote or semi-remote account opening processes. Neobanks and EMIs like Wio, Mashreq Neo, and various fintech platforms may allow remote onboarding for certain business types. Having a professional banking introduction service can significantly improve approval rates.

For a Golden Visa application in the UAE, you typically need a valid passport, passport-sized photos, proof of qualifying investment or income, medical fitness certificate, Emirates ID application, health insurance, and supporting documents specific to your category such as property title deeds for investors or salary certificates for specialized talents. Requirements may vary by category and emirate.

Since the introduction of the amended Commercial Companies Law, foreign nationals can now own 100% of mainland companies in most business activities without a local sponsor. However, certain strategic activities still require a UAE national partner. It is recommended to consult with a business setup advisor to confirm whether your specific business activity qualifies for full foreign ownership.

The UAE corporate tax rate is 9% on taxable income exceeding AED 375,000. Income up to AED 375,000 is taxed at 0%. Qualifying free zone companies may benefit from a 0% tax rate on qualifying income, subject to meeting specific conditions set by the Ministry of Finance. Large multinationals with global revenue exceeding EUR 750 million may be subject to a 15% top-up tax.