Bureaucratic aspects

1. Get an eye test from an approved optical center.
2. Visit an RTA office with all the required documents.
3. Submit the application form and pay the applicable fees.
4. Receive your new UAE driving license, usually on the same day or within a few days.

• Free Zones: Special economic areas that provide attractive benefits such as 100% foreign ownership, zero corporate tax, no import/export duties, and streamlined setup processes. However, businesses registered in free zones typically can operate only within the free zone or internationally, with some restrictions on doing business in the UAE mainland.
• Mainland (Onshore): Mainland companies can trade anywhere in the UAE and take part in government contracts. However, they may require a local sponsor or partner who holds at least 51% ownership, depending on the business activity, unless the business qualifies for 100% foreign ownership under recent reforms.

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While opening a bank account in the UAE is generally not difficult, it does require submitting the right documentation and meeting certain criteria. For residents, it's a straightforward process, but non-residents may face additional challenges. It's recommended to visit the bank’s website or branch for the specific requirements based on your circumstances.

• A passport valid for at least six months.
• Recent passport-size photo.
• Work contract or business license (for entrepreneurs).
• Medical certificate from an authorized UAE clinic.
• Valid health insurance policy.

The UAE has a favorable tax system with low taxes for residents. Here's a brief overview:

1. Personal Income Tax: No personal income tax is applied in the UAE.
2. Value Added Tax (VAT): A 5% VAT is applied on goods and services.
3. Corporate Tax: A 9% tax on company profits over AED 375,000, introduced in 2023.
4. Property Taxes: No annual property tax, but registration fees apply for real estate transactions.
5. Luxury Goods Tax: Certain luxury goods may be taxed.
6. Tourism Tax: A tax is applied to hotel stays and other tourist accommodations.