How To Start A Company In Dubai?
UAE Corporate Group with a long tradition of offering business starting-ups to foreign investors interested in forming a business, aims to provide full registration and advisory services to all interested parties wishing to run a business in Dubai. We specialize in establishing free zone companies in Dubai and the UAE, such as the RAK Free Zone. In addition to establishing companies in Dubai and the United Arab Emirates, we also established offshore companies and onshore companies for those interested in the United Arab Emirates market.
If you are thinking of joining them, good news is that setting up a business in Dubai is a simple and quick process and there is a strong incentive to set up in the UAE Free Zone. Our Dubai Business Start-Up Agents can help with more details on the most important steps if you want to open a business in Dubai. Dubai Corporate Group has many years of experience in setting up companies and has local consultants who can assist foreign investors in setting up companies of all kinds in Dubai.
There are other options for the kind of business in the UAE that you can set up, but the free zones onshore are particularly popular with foreign entrepreneurs and with good reason.
Dubai is home to many free zones that offer affordable licensing packages and quick set-up options for businesses. For example, Free Zones such as Fujairah Creative City offer benefits such as a quick and easy start-up process, ongoing business support and financial incentives such as tax exemptions and zero-dollar restrictions.
Now that you know about the different free zones in Dubai, depending on the nature of your business, you can choose a home base for your business in a zone that gives you the greatest benefit. The type of business you do will have an impact on the free zone you set up in. For example, if your company imports or exports, it may be useful to have your headquarters in a freezone near an airport or seaport.
For example, some free zones allow certain types of activities such as media, medicine and transport without restrictions, so it may be useful to be in close proximity to companies in the same sector. If your business is dependent on imports and exports, you should choose one of the free zones near an airport or port. In many free zones, you can apply for visas for your employees, partners and other supporting personnel needed to run your business.
As in any other country, Dubai incurs costs when you resume business, including legal fees that you have to pay to the government. These fees change from time to time, so check the government’s official website or the free zone website before planning your registration.
Establishing an onshore business in Dubai costs at least Dh340 ($9,350) and, as the rankings above note, involves paying a myriad of fees. This includes a general trading licence fee of Dhar 10,000 from the City of Dubai, Dhar 3,000 from the Ministry of Economy and Dhar 1,200 from the Dubai Chamber of Commerce. Other expenses, such as leasing office space, are a prerequisite for free-zone trading licences (behr than offshore licences), visa fees and recruitment of staff.
It is possible to obtain a free zone (including use of co-working facilities) for the cost of a visa application of 25,000 AED in this launch guide.
If you intend to set up a business in the United Arab Emirates, you can apply for a business license. The licensing structure for free zones in the UAE is different and depends on the business activities your company chooses. There is no need to pigeonhole your business, as it is possible to have several business activities listed on one commercial license.
This allows you to take advantage of Dubai’s 0% tax system and companies in the free zone benefit from customs exemptions, a complete absence of currency restrictions and the ability to return capital and profits. The best thing about doing business here is that foreign investors have 100% control over the company and can own the company. While in many cases 100% foreign ownership of companies on the mainland is allowed, it is reasonable for foreign entrepreneurs to start in a free zone such as Busine where 100% ownership is guaranteed.
The running costs for companies in the free zone are minimal, with payments for the use of office space, amenities and utilities paid in advance and on an annual basis.
Free Zones in Dubai offer one of the best business start-up packages at an affordable cost. The registration of companies in the free zone in Dubai has a variety of business advantages such as exemption from VAT, exemption from submission of audit reports, 100% return on profits, easy transfer of assets and availability of international quality warehouses.
There are many business opportunities in Dubai and other UAE emirates. If you want to start a business and exploit Dubai’s potential, you must register as an LLC company. Dubai Free Zones provide investors with a wide range of business activities to start their business in the UAE.
An offshore company in Dubai is a legal entity established to facilitate international trade. An offshore company is registered as an International Business Company (IBC) under the local jurisdiction and legal system of the United Arab Emirates. The procedures for opening offshore companies in Dubai differ from those necessary to establish an onshore company.
Establishing an LLC in Dubai requires a UAE national or local sponsor to own at least 51% of the company’s shares. Once established in Dubai, the company’s corporate account must be opened and deposits are required to pay capital.
The procedure for setting up a business in a free trade area is simple and can be completed in a short time, although some environmental issues are involved. The Independent Authority for Free Zones (FZA), which manages the free zones, is responsible for issuing UAE operating licenses and assisting companies in establishing their business in the UAE. It is advisable to purchase a business start-up service from a company that is not advised in this process and to look for a suitable licensing facility for the type of business based on your needs and budget.
You will need to familiarise yourself with the various facts surrounding business and foundation in Dubai in order to avoid the problems that arise when setting up a profitable business in the United Arab Emirates (UAE). You need to be familiar with all the different facts surrounding business and startups in Dubai to avoid some of the problems that can arise when you start profitable businesses in the United Arab Emirates.