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NOVA | Launchpad

46 members • Free

5 contributions to NOVA | Launchpad
Any difficulties in opening a bank account in UAE for a new company?
I've heard several stories from people I know that sometimes it takes time, or banks are reluctant to open new accounts fast. What is your experience?
1 like • Sep 26
Yes—opening a UAE business bank account can be slow, especially for a new free-zone company owned by a foreigner. You’ll have a much easier time if at least one signer has UAE residency (visa + Emirates ID), you have a real UAE address/lease, and your docs are complete (license, MoA/AoA, passports/EIDs, UBO chart, simple website and plan, sample contracts, source-of-funds). Digital SME banks are usually fastest once you have your Emirates ID (often days to a couple of weeks). Big traditional banks can take weeks and may ask for a higher minimum balance. A good plan is: start with a digital bank to get an IBAN and operate, then apply to a big bank later after a few months of clean activity and steady balances. Be ready for an in-person visit and some back-and-forth.
1 like • Sep 26
Check out the "Open bank account" section in the classroom for in-depth info on this topic https://www.skool.com/nova/classroom/b347f003?md=73c05fc18f7b4227bd98d0930f92072b
Best type of company from fundraising perspective...
A team I know is planning to raise capital in the near future and wants to set up a company in the UAE first. What’s the better option for them: to register on the mainland or in a free zone? What type of company should they choose? By the way, really glad I found this community, I’ve been searching for something like this for a while — thank you! Quick intro: I’m Head of Investor Relations at a large e-commerce company, and on the side I sometimes help start-ups with fundraising.
0 likes • Sep 26
Set up a holding company in ADGM or DIFC — these are investor-friendly zones that use English law, so it’s easy to raise money and offer shares. Then set up a second company for actual operations. If you mostly sell outside the UAE, go with a cheap Free Zone like Meydan or IFZA — fast setup, low cost (~AED 8–15k/year). If you're selling inside the UAE or to the government, you’ll need a Mainland company instead.Starting solo? Use a FZE — you can add partners later. This setup keeps investors happy and your costs low — and you can always expand later without messing up your structure.
What Free Zone to choose for SaaS / online services company?
Thanks for the community! If I can ask here - what Free Zone should I choose for my SaaS company? Can I apply myself?
0 likes • Sep 26
Check out the "Entity" course in the classroom for a detailed overview https://www.skool.com/nova/classroom/85a7e627?md=f7effbd467904dcd926bcbbd3566d323
Remote vs on-site presence during application process
I’m currently outside the UAE but planning to move there. My goal is to open a company and get a residence visa. How much time do I actually need to be physically present in the UAE for this process, and which parts can I handle remotely?
0 likes • Sep 26
Hey Rick, You can do most of the setup remotely — pick a Free Zone, send KYC, pay online, get your trade license and entry permit (e-visa). That’s about 60% done. To finish, you’ll need to be in the UAE for medical tests, biometrics, and usually bank onboarding. Plan to stay around 10 business days. Your entry permit is valid for 60 days, so travel anytime within that. Once your residence visa is stamped and you get your Emirates ID, you’re good to leave. Just make sure to arrange health insurance if required.
WELCOME TO NOVA | START HERE 🎉
This is not another place full of theory, recycled advice, and “gurus” selling shortcuts. This is where founders cut through the noise and finally see the clear path. Our mission is simple: make business setup transparent, fast, and affordable. No middlemen. No fake “packages.” Just the real steps that thousands of entrepreneurs already used to launch and scale. Inside, you’ll find everything you need: frameworks that work, raw stories from founders like you, and a space where your questions actually get answered. No waiting weeks. No guessing in the dark. And because we’re official Free Zone partners, all of this is completely free. Even our 1-on-1 strategy calls. They exist for one reason: to give you clarity on your exact situation, the fastest route forward, and straight answers to the problems that keep you stuck. 👉 Book your free call here: Book a Call So here’s what I want you to do now: Introduce yourself below. Tell us who you are and what you’re building.
0 likes • Sep 10
Many people don’t know how easy it is to register e-commerce business in UAE
1-5 of 5
Pavel Babenkov
1
3points to level up
@pavel-babenkov-6079
Entrepreneur, UAE business owner

Active 64d ago
Joined Sep 10, 2025
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