As known, the trickiest and controversial part during setting up a business at the prosperous foreign jurisdiction is establishing a proper bank account.
Bank account
Timely Information on how to open personal, corporate, or foreign bank accounts in the United Arab Emirates. These publications are relevant to both UAE residents and non-residents and cover every stage — from selecting the best solution to engaging with banks.
In order not to be blacklisted by the EU for non-compliance with the requirements of the BEPS Action Plan, the UAE was forced to adopt the Normative Act on Economic Presence.