How To Set A Business And Bank Account In Dubai As A Foreigner? Insight With Zeba Majithia
Setting up a business and a bank account in Dubai as a foreign resident can be a strategic move for those looking to tap into the dynamic Middle Eastern market. The process involves navigating through specific legalities and cultural nuances, but with the right guidance, it can be a seamless experience. Certified International Realtor San Diego Ghada “GG” Benitez and a Dubai-based Financial Concierge Zeba Majithia recently shared their helpful insights about how to set a business and bank account in Dubai. Watch this full video to get proper idea.
Table of contents
Setting up a business in Dubai
Dubai offers a business-friendly environment, Ghada and Zeba share an in-depth insight on embarking on an entrepreneurial journey in Dubai. The fact is that foreigners can now own 100% of their businesses in Dubai. Zeba explains the various kinds of licenses available which include free zone, offshore, and mainland. She outlines the benefits of each of these licenses. With this, you can have a complete understanding of how to invest in Dubai as a foreigner.
Golden Visa Program
Zeba discusses the Golden Visa Program, which is an initiative to allow foreign investors to gain long-term residency, enhancing the overall appeal of establishing a business in the Emirates. The Golden Visa program caters to investors, entrepreneurs, and high-skilled professionals, offering extended residency benefits for them and their families. How to get Golden Vista? To qualify, an entrepreneur must invest a substantial amount in a new or existing business, promoting economic growth and diversification. She highlights the recent changes that make it simple to qualify for a Golden Visa, even if there is a low investment threshold.
Banking in Dubai
Dubai boasts a sophisticated and secure banking environment, with stringent regulatory frameworks in place to ensure stability and transparency. Opening a bank account in Dubai is a straightforward process for both residents and non-residents, providing a range of account options to cater to various financial needs.
Zeba shares insight about banking in Dubai, highlighting the significance of the right documentation and compliance with international regulations. She also explains how her firm can assist clients in going through the banking procedure in Dubai.
Advantages of holding companies
Zeba talks about the advantages to invest in Dubai and setting up a business through investment companies and holding companies. With this, it becomes simple to go about asset management and avail tax benefits.
Invest in Dubai as a Foreigner with GG Benitez International
In conclusion, if you are the one who wants to invest in Dubai as a foreigner, this interview between Ghada and Zeba offers great information. The interview can be beneficial for foreigners who want to set up a business or want to invest in the flourishing Dubai market.
Dubai is an international business hub offering great opportunities for investors and entrepreneurs.
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