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Prikhodko Andrey

Managing partner

Lawyer, Doctor of Laws, recognized media expert on legal issues, legal adviser to famous politicians and businessmen.

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Prikhodko Andrey
Managing partner

Lawyer, Doctor of Laws, recognized media expert on legal issues, legal adviser to famous politicians and businessmen.

Contact now

Financial support programs for businesses in the UAE

In the UAE, it has been established that if a new business or a business that has existed for a long time needs additional financing, the owners can apply to the bank for an additional loan of up to 1 million dirhams. As a business loan without collateral or security and set a fixed repayment period of 12 to 48 months. Business loans are encouraged in the UAE as there are many opportunities to start a new business in the UAE. You must be wondering what factors you should pay attention to before getting a business loan in the UAE. Here is the information about it.

  • A business license is the most important factor to consider before applying for a business loan. This is a license granted by the UAE government that gives you the right to start a new business. A business license usually depends on the type of business you run.
  • Next, you need to have a business agreement, passport, bank statements (most banks usually require 6/12 months bank statements), UAE ID.
  • Eligibility criteria also apply when applying for a business loan in the UAE, although they vary from bank to bank.
  • The business you are going to start must be in operation for at least a year.
  • Business turnover must be 1 million dirhams.
  • The business must include a sole proprietorship or partnership

Like all other loans, business loans also have their advantages because they provide you:

  • Free credit cards, free life insurance
  • The possibility of not submitting securities for obtaining a loan
  • Flexibility to choose interest rates between fixed and declining interest rates.

So, receiving business support has its advantages, including:

  • No collateral or security requirements, unhindered access to finance with minimal requirements
  • Fairness in price formation with the obligation to maintain the commission and profit rate among the lowest on the market
  • Transparency of activity, clear, detailed and understandable grounds for activity and qualification requirements
  • Available repayment options from 12 to 48 months

There are quite a lot of banks in the UAE, about 30 and many of them offer business loans, the best among them are:

  • Abu Dhabi Commercial Bank
  • Amlak
  • Barclays
  • Dubai Islamic Bank
  • Emirates NBD
  • Emirates Islamic Bank
  • HSBC
  • Noor Islamic Bank
  • Rakbank

What documents are required to obtain a business loan in the UAE?

Depending on the bank, different documents may be required, but the main list is as follows:

  • Business ownership documents
  • Application form
  • Constituent documents (charter, founding agreement or partnership agreement)
  • Bank statements for the last 6-12 months
  • Valid passports of all partners (must have a residence visa for expatriates)

What loans can be granted?

  • Loans for starting a business, for startups – are provided for companies with 51 to 100% of the authorized capital owned by UAE citizens, financing is provided for companies with work experience from 6 months to 3 years, the amount of such a loan is from 300,000 to 2,000 000 million AED
  • Loans for business expansion – already existing for a long time, the amount of such financing is up to 2 million UAE dirhams, with a term of up to 72 months.

Important! When getting a loan, the bank may often ask for additional documents, including a business plan. Banks will scrutinize the business plan to see if the company has a clear vision and realistic expectations for its success. Even if your application is perfect and meets all the requirements, a poor business plan can cause rejection.

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1 question

Are you currently in Ukraine?


2 question

Are you currently in the UAE?


3 question

Do you already have a business in the UAE and want to get a loan?


4 question

Are you planning to register a business in the UAE?


5 question

Have you already chosen a bank in which you will take a loan and in which you need legal support when obtaining a loan?


6 question

Is the amount of the loan that you plan to receive more than 500,000 euros?


7 question

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