From licence to first invoice
A corporate bank account, corporate tax and VAT registration, bookkeeping, and the PRO work that keeps your licence and visas current.
Facts checked October and November 2026 against the official sources listed below.
3 guides, each with its timeline and official sources
The licence is the start. Banks, the Federal Tax Authority and immigration all have their own steps and deadlines, and a setup partner can run them in one plan.
Corporate bank account
Open the account once the licence is issued. The Central Bank expects banks to open an SME account within 3 business days when the applicant is low risk and the documents...
- 3 days
- Business days to open a low-risk SME account, Central Bank standard
- 30 days
- Pending period banks must track and report internally
Accounting and tax
Corporate tax applies to financial years starting on or after 1 June 2023: 0% on taxable income up to AED 375,000 and 9% above. VAT at 5% becomes compulsory once taxable...
- 9%
- Corporate tax on taxable income above AED 375,000
- AED 3m
- Revenue ceiling for small business relief, to periods ending 31 December 2029
PRO services
Before a company can sponsor anyone it needs an establishment card from the ICP and an establishment file with MOHRE. A PRO handles these and the visa and permit applicat...
- AED 2,000
- ICP electronic system subscription for establishments
- 2 days
- Working days for MOHRE to issue an establishment card
The numbers that matter
Each figure links to the official source it comes from.
| Guide | Figure | What it means |
|---|---|---|
| Corporate bank account | 3 days | Business days to open a low-risk SME account, Central Bank standard1 |
| 30 days | Pending period banks must track and report internally1 | |
| 10% | Ownership above which ADIB asks for owner ID3 | |
| AED 25,000 | Minimum monthly average balance on an NBF business account5 | |
| Accounting and tax | 9% | Corporate tax on taxable income above AED 375,0006 |
| AED 3m | Revenue ceiling for small business relief, to periods ending 31 December 20297 | |
| 9 months | To file the corporate tax return after the period ends9 | |
| 5% | Standard VAT rate since 1 January 201810 | |
| PRO services | AED 2,000 | ICP electronic system subscription for establishments17 |
| 2 days | Working days for MOHRE to issue an establishment card19 | |
| AED 250+ | To issue or renew a work permit, up to AED 3,45020 | |
| AED 1,000 | Fine for changing establishment details without telling the ICP18 |
Step by step, with published timeframes
Green steps are handled by a government authority. Plan your own dates with the setup timeline planner.
Common questions about after setup
Do I need to be in the UAE to open the account?
It depends on the bank. Some require a physical presence or a meeting with the signatories; NBF lists a physical presence in the UAE as a requirement for its business account.5 Corporate bank account guide
Can a setup provider guarantee a bank account?
No. Each bank decides after its own compliance checks. A provider can prepare the file and introduce you, but the decision is the bank's.1 Corporate bank account guide
Do I have to register for corporate tax if I earn nothing yet?
Yes. Registration is required for companies whether or not they have taxable income, and late registration carries a penalty.6,13 Accounting and tax guide
Is there personal income tax in the UAE?
No. Individuals pay corporate tax only on business turnover above AED 1 million from activities they run themselves.14 Accounting and tax guide
Can I do these steps myself?
Some, yes. The MOHRE establishment card is free on the MOHRE website and app. The ICP initial approval and establishment card must go through authorised service providers.17,19 PRO services guide
Sources, checked October and November 2026
- Central Bank of the UAE Rulebook: SME account opening
- UAE Government Portal: Banking
- ADIB: Business banking documents checklist (PDF)
- Emirates Islamic: Company account opening form (PDF)
- National Bank of Fujairah: Business account
- UAE Government Portal: Corporate tax
- UAE Ministry of Finance: Small Business Relief extended to 31 December 2029 (7 August 2026)
- Federal Tax Authority: Free Zone Person bulletin (PDF)
- Federal Tax Authority: Waiver of the late registration penalty (CTP006, PDF)
- UAE Ministry of Finance: Value Added Tax
- Federal Tax Authority: Registration for VAT
- Dubai Media Office: Free Zone Mainland Operating Permit (8 October 2025)
- Federal Tax Authority: Corporate Tax Registration
- Federal Tax Authority: Basis of taxation for natural persons
- Federal Tax Authority: E-Services FAQ, VAT registration
- Federal Tax Authority: Issuance of tax certificates
- ICP: Issuing an establishment card
- ICP: Amend or add to an establishment card
- MOHRE: Issuance of an establishment card
- UAE Government Portal: Work permits
- GDRFA Dubai: Entry visa for family sponsorship
- UAE Government Portal: Recruiting on the mainland
- UAE Government Portal: Medical fitness test for residence, MOHAP (PDF)

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