How Business Consultancy helps to get a Business Loan in UAE?

By Sakshi Srivastava - 07 Dec 2021 Last Updated: 30 Jun 2022
How Business Consultancy helps to get a Business Loan in UAE?

Dubai is one of the United Arab Emirates' seven emirates and has established itself as a major business hub in the Middle East. It is home to around 1.5 million people, with immigrants accounting for approximately 82 percent of the population. Dubai's tax structure has made it one of the most popular business destinations for investors from all industries. In Dubai, there are roughly 35 Freezones, all of which have enticed investors from all over the world to establish their enterprises in Dubai.

A business establishment in Dubai can be a great opportunity to make money, expand worldwide, and establish a reputable brand identity. Whether you're a small, medium, or large company, you can take use of Dubai's cutting-edge infrastructure, strategic position, simple access to adjacent markets, excellent connectivity, and supportive workforce to turn your business idea into a reality. In this Blog we will Help you to know the Process, how to get Business Loan in UAE.

Steps to Starting a Business and Getting a Business Loan in UAE

If you're looking to start a new business in Dubai and aren't sure where to start, look no further. Then you should be aware that Dubai has taken advantage of its population structure to establish itself as a major centre for active business operations. The city of Dubai is divided into three zones: mainland, free zone, and offshore. Each firm has unique requirements, and companies must choose the location that best meets those requirements.

Here are basic steps need to Follow:

  • Prepare the necessary paperwork.
  • Obtain a business permit.
  • Begin the visa application procedure.
  • Open a bank account for your business.

Initially, entrepreneurs seek out banks that offer business loans in UAE for startups and small to medium-sized businesses. Currently, Emirates NBD, ADCB, and RAK Bank are a few banks that offer SMEs and Startups business loans in UAE. Keep in mind that you may wish to conduct your own research on multiple institutions, examining essential elements like as interest rates, collateral, and even repayment terms. This will allow you to select the bank that best meets your company's requirements.

What are the Requirements for Obtaining a Business Loan in UAE

The qualifying conditions offered by the concerned bank are the most crucial factor to consider when approaching a bank for a Business loan in UAE.

The following are the common parameters that all banks take into account.

  • The company must have been in operation for at least a year
  • If your company is a branch or subsidiary of an offshore company, obtaining a loan will be simple
  • An annual turnover of at least AED 1 million is required to receive a loan.
  • Banks in the UAE offer several types of loans to various types of businesses.
  • The term of a Business Loan in UAE ranges from one to four years.

What are the Advantages of Getting a Business Loan in UAE?

Apart from SME loans, UAE banks offer a variety of benefits to those who obtain business loans in UAE:

  1. Free credit card
  2. Free life insurance cover
  3. Business loans which follow Shariah complaints
  4. Interest rates in UAE can be selected between fixed rates or decreasing rates
  5. Security for the loan need not be provided

Things to Consider Before Applying for Business Loan in UAE

The important question is what the banks are searching for when they assess your application. In the UAE, there is no such thing as a rule of thumb. Every bank is unique, and it varies even more depending on the company's industry. As a result, a few broad points can be made.

Cash Flow

In the day-to-day operations of a business, cash flow is frequently overlooked. Banks, on the other hand, pay close attention to a company's cash flow during normal operations. This is because it is a reliable measure of a company's financial well-being.


Business owners and management must possess extensive professional knowledge. Banks frequently note that SMEs and start-ups lack appropriate expertise of the sector or field in which they operate. In addition, a lack of experience in the industry is a source of concern. As a result, it is critical for the entity's management to demonstrate that they have the necessary experience and skills to ensure the enterprise's success.

Business Plan

Another crucial component is the business plan. This may seem self-evident, but a well-organized and well-written business plan is critical to receiving a loan. The business plan will be scrutinised by the banks to see if the company has a clear vision and reasonable expectations for success. A weak business plan can cause your application to be denied, even if it is immaculate and fits all of the standards.

Corporate Governance

Corporate governance is a crucial predictor of a company's riskiness. Banks consider corporations that lack a well-structured corporate governance system to be risky. As a result, having a corporate governance framework in place is critical; it must be solid, and you must be able to demonstrate it to banks.

Process to Get a Business Loan in UAE

Most banks are aiming to make the loan application process as simple as possible, which has resulted in each bank having its own set of required paperwork. In general, you can anticipate to be required to supply corporate and financial documents such as your company's Memorandum of Association, Incorporation Certificate, Company License, six months' worth of bank statements, and so on.


Business loans will assist you in expanding your company. Small and medium-sized firms can acquire a business loan in UAE with minimal paperwork and effort to satisfy their short- to medium-term cash flow demands. Contact our specialists at Dhanguard for help obtaining a Business Loan in the UAE.


To get started with a business establishment in the UAE and for getting Business Loan in UAE, all you need is the correct consultation. We have years of experience at Dhanguard supporting businesses of all sizes and industries for a stress-free start-up in Dubai. Our team of business professionals will assist you at every step of the way, from locating the ideal location to completing the necessary paperwork.

You will locate the most dependable local sponsors on the mainland, local service agents in the free zone, and an advantageous location for establishing an offshore business with our assistance. While Dubai is one of the best areas to expand your business, the procedures can be confusing if you are unfamiliar with the area.

Grow your business with business loan, term loan, capital loan available at attractive interest rates and minimum documentation with no hidden cost with Dhanguard.

By Sakshi Srivastava

07-Dec, 2021

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