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This company can engage in the sale of clothes for children, including swaddling clothes, nappies, night wear, party clothes, shirts, trousers, and other items of children's clothing.
For setup of a local company in Dubai in the field of babywear trading, the following business activity has been chosen:
The company can choose up to 10 types of business activities from the "Ready made garments" activity group within a single commercial license.
Commercial license that allows to сonduct trading activity.
As part of the company registration process with this business activity, no additional approvals are required.
There is no requirement for a minimum share capital for local companies in Dubai with this business activity, its contribution is optional.
If the shareholder plans to obtain an investor visa, the shareholder's share in the share capital should be at least AED 48,000.
Entrepreneurs are provided with the opportunity to open a corporate account in classic banks with physical branches, as well as in digital banks and in payment systems.
When choosing a bank to open a corporate account, factors such as the level of service, fees, available currencies, convenience of online banking, the reputation of the bank and other conditions that may be important for business should be taken into account.
Successful corporate bank account opening requires a well-prepared document package, which may vary depending on the specific requirements of a particular bank. Incorrectly or incompletely submitted documents may negatively affect the final decision of the bank in processing the application for opening a corporate bank account.
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