What kind of transportation is provided locally?
Standard Toyota sedans are provided for pick-ups and drop-offs. Drivers are company employees who speak English .
Can I use a second passport (e.g., Dominica) to register?
● Yes, using a second identity for registration can help with asset isolation.
● Crucial Principle: Once you choose to use a specific passport (e.g., Dominica), you must use that same passport for all steps: company registration, visa application, and bank opening . Future entries into the UAE as a resident must also use that passport .
Do I need to visit the UAE during the process?
You need to visit 1–2 times . If you can stay for 10 working days and accept a digital bank account, one visit may be enough .
Has the UAE implemented CRS (Common Reporting Standard) information exchange?
While the UAE has joined the CRS framework, there has been no large-scalesubstantive exchange of information to date . The UAE maintains a relatively relaxed enforcement status to remain attractive to foreign investment .
Can the Emirates ID (EID) be used as a Tax Identification Number?
● No, they are not the same . The EID is your identity number.
● To get a specific Tax ID, you must reside in the UAE for 183 days in a year and apply for a "Tax Residency Certificate" .
What is the local tax system in the UAE?
● There is no personal income tax.
● Corporate tax is 9% on company profits that exceed 37.5万 (375,000) AED .
Can children attend international or public schools with a dependent visa?
Yes, they can.
● International Schools: Over 200 schools offer British, American, or IB curricula in English .
● Public Schools: Instruction is in Arabic; non-Arabic speaking families should choose carefully .
● Process: You will need birth certificates, immunization records, and transcripts .The child’s visa must remain valid throughout their studies .
What is the validity of the visas for my family members?
Spouses and children receive a 2-year residency visa, while parents receive a 1-year visa .
Can I apply for my spouse, children, and parents?
Yes, you can reunite with your spouse, children under 18, and parents 19 . You must obtain your own residency first before applying for them.
Is the explanation of the "Source of Funds" strict?
When registering, you can use your bank statements from the last 6 months as proof of your source of funds.
Is the Dubai bank account easy to use?
Yes, it is very convenient as there are no foreign exchange controls 16 . However, for the first three months after opening, you should avoid rapid "in-and-out" fund movements to bypass risk management triggers.
Which physical banks will my company be registered with?
The primary options are Emirates NBD (the largest bank in the UAE) and First Abu Dhabi Bank (FAB) (one of the largest financial institutions in the Middle East) .
Are there "Physical Presence" (Immigration Jail) requirements?
It is recommended to enter the country at least once every six months after obtaining your residency .
Since the residency is only valid for 2 years, what are the requirements for renewal?
There are no specific operational requirements for renewal; as long as the company remains active, you can continue to renew the visa .
Is the identity obtained through company registration the same as the 10-year Golden Visa?
Yes, the functional benefits are the same whether you obtain residency through company registration or by investing 2 million AED locally . The only difference is the duration of the visa .
Why choose the Ras Al Khaimah (RAK) Free Zone?
Considering the cost and registration process, Ras Al Khaimah is the most cost-effective and efficient option for clients.
Do I need a local UAE partner to hold shares in my company?
No, 100% foreign ownership is supported.
Is it mandatory to rent a physical office to set up a company?
No, a physical office is not required; a virtual office is sufficient .
How much capital is required to register a company? Does it need to be paid up?
The capital is generally 100,000 AED (approximately 700 million VND), but it does not need to be paid up .
U.S. EB1A&NIW
Dominica Passport
Dubai Entrepreneur