Yes, you can! Freelancers or self-employed individuals in the UAE are eligible to apply for a business loan. However, there are some specific requirements in terms of eligibility criteria and documents. To receive approval, you generally require:
- A business that has been in operation for the past 1-2 years.
- Minimum annual turnover of AED 1 million.
- Business bank statements of the past 6 to 12 months.
- A valid business or trade license
- VAT Report Last 4 quarters
