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I've read on several sites that in order to start a biz in Dubai theres a minimum capital requirement to establish a company of AED300K. I'm curious to know that if the startup costs are well below AED300K is there a general rule that the entire AED300K must be used toward biz expenses/startup costs or do we just need to prove that we have that amount(bank statements)???? I'm pretty much under the impression that we just need to prove we have AED300K to cover startup/expenses/etc in order to qualify for relevant licenses, am I right??? If we just need to prove we have AED300K does that amount have to be in a local bank within Dubai or can we just use an attested bank statement from our local(US) bank.

dubaided.gov.ae

Note Minimum Capital
The minimum capital required to establish a company is AED 300,000

mmmmmmmmm difficult one that. I would imagine the rules are different if the LLC is set up in a "free zone".

I know its a fact that some business are required to put up a type of "bond". I wonder if this is what is referred too with regards a capitol requirement.

arniegang wrote:mmmmmmmmm difficult one that. I would imagine the rules are different if the LLC is set up in a "free zone".

Biz startup LLC NOT in a "freezone."