From setting up a Dubai company to opening a bank account.
JCME is your one-stop shop.

COMPANY&BANK ACCOUNTEstablishment of a Dubai company and Bank Account Set-up

TAX BENEFITSTax Benefits of a Company in Dubai

VISA TYPETypes of Visas in Dubai

Let us talk about the hot topic, tax. As is in many OECD nations, including the U.S. and Japan, corporations are subject to corporate inhabitant tax, corporate business tax, property tax, business office tax, and more, with the list continuing to expand by the day. On the other hand, Dubai has limited tax obligations that allow companies to thrive and grow their business opportunities.

The only costs to concern yourself with when it comes to maintaining a corporation in Dubai are the License fees, local sponsor fees, and agency fees. Generally speaking, they are usually within 30 to 40,000 AED. All of which have fixed prices allowing maintenance costs not to fluctuate, irrespective of profit.

Suppose a Japanese corporation with a profit of 2.68 million AED pays 23% corporate tax per year under the Japanese tax system. In that case, the remaining corporate funds after tax are 2 million AED, whereas if the corporation pays 30 to 40,000 AED per year under the Dubai tax system for licensing fees, etc., the same corporation with a profit of 2.68 million AED would have 2.66 million AED available as after-tax funds.

For an individual with an annual income of 1.34 million yen, if he/she pays approximately 45% income tax + inhabitant tax in Japan, the amount of money remaining after taxes would be approximately 738,000 AED. In contrast, if you move to Dubai and have a similar income of 1.34 million yen, you will be left with the full 1.34 million AED as there is no income tax and no inhabitant tax.

*Take note that UAE has imposed a 5% VAT rate since 2018

COMPANYOpening a Corporate Bank Account in Dubai

Necessary documents for establishing a company in Dubai

  • ● Passport (valid for at least 6 months)
  • ● Diploma or degree certificate (depending on the license to be obtained)
  • ● Email address
  • ● Emirates ID
  • ● If you do not have an Emirates ID, your address and telephone number
  • ● 3 passport size photos for identification

Obtaining your License and Registering your Business

Licenses can be obtained in 2-4 business days.
(On the condition that all documents are ready at the point of application)
*Please note that the required dates posted by relevant authorities are subject to change.

[Documents you will be provided with]
Trade license, ULA, MOA & AOA, Establishment Card, Certificate of Formation, as well as a Company Stamp

Bank Account Set-up

  • Required documents for opening a corporate bank account
  • ● All documents at the time of incorporation
  • ● Translated bank statements for 6 months
  • ● Utility bills
  • ● EJARI of office/home address
  • ● Company profile
  • ● Details of suppliers and clients
  • ● Company website
  • ● Contracts with clients or suppliers.

About Emirates NBD

Emirates NBD Bank PJSC is a government owned bank in Dubai and one of the largest banking groups in the Middle East in terms of assets.

Today, Emirates NBD employs over 9,000 people from 70 different nationalities, making it one of the largest employers in the UAE.

We provide support for opening an account with Emirates NBD.

PRICEFees for Company and Bank Account Set-up


Support fee

Timeline from application to
License acquisition

Company Set-up in Dubai


Licensing fee: from AED 15,000 ($4,085)
Office fee: from AED 15,000 ($4,085)

Support fee

AED 10,000 ($2,722)

Timeline from application to
License acquisition

5-7 business days

*The amount and the number of days required for completion will vary depending on the type of license, the area of registration (mainland or free zone), and the office chosen.

*In recent years, the measures against international financial crimes have been strengthened, making it more difficult to open an account. Depending on your personal information, you may not be able to open an account.

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