Company Formation in Dubai price & process
Expanding your business to UAE, Whether you are in the medical industry, agriculture, water Desalination technologies, alternative energy, investments, fintech or cyber, requires that the company formation process and the bank account opening process in any Emirates jurisdiction and for any entity type (Free Zone Company, Offshore Company, Mainland Company) will include the adequate policies and procedures such as:
AML policy, KYC procedures, Corporate governance policies and any other relevant procedures per industry.
Most of the above requested documents are important for the due diligence process (KYC, KYB, KYT) taking place during the bank account opening in Dubai, Ras Al Khaimah and other banks in UAE in order that the compliance department could estimate the risks and decide if they willing to manage the risk or not.
For instance, opening a consulting services company in Dubai, may be categorized as a low risk company Unless the transactions flow of the inbound and outbound involves offshore 3rd parties, agreements with high risk industries (forex, cfd's, gaming, gambling, cryptocurrencies payments, diamonds etc.).
The price for company formation in Dubai (or any UAE entity) can be various and will be determined in accordance with the requested entity type, industry, risk level etc. and that goes for the price of bank account opening in the Emirates as well.
DED company, Free Zone company or Offshore company offers different activities permissions.