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Do You Want Business Setup in Dubai?
Well, Business Setup in Dubai is very attractive because of their 0% tax policy. But the same can be said for the rest of the UAE. However, the Company formation in Dubai is especially attractive to many entrepreneurs and businessmen from all around the world. This is because the company setup in Dubai provides some more benefits that help it stand out from the rest of the emirates.
Currently, the UAE is in a long process of shifting its economic focus from the oil and gas industry. As a result, the government is providing a lot of incentives for new and existing businesses in the country. So, you can expect the process of business setup in Dubai to be easier and cost-effective. And after your new business is all set up and ready to go, you will find it is easier to manage and run.
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Company Setup Consultants are reliable and professional. They are helpful and professional in business set up, visa processing, immigration, PRO Services, etc. We are happy with their services and would definitely recommend them.
Our mainland company setup process was made seamless and completed within a matter of 3 days. The consultants are extremely knowledgeable and professional. Perfect solution for anyone starting up in the UAE.
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Company Setup Simplified
- Affordable and simple.
- Complete registration and formation of the company within a few hours.
- Hassle-free registration process.
- Experienced agents and consultants to handle all your needs.
- Strong connections and networks with the relevant authorities.
- Dedicated relationship manager for you.
- Specialized services according to your business needs.
What Sets Us Apart?
There are quite a few company formation consultants in Dubai. Why should you choose us over the others out there? For starters, experience matters a lot in this market. The registration processes different from one economic zone to another. Without sufficient knowledge and experience in all these zones, a consultant cannot provide a piece of educated advice on which zone will the best for your business. Here are the reasons why you should choose Company Setup UAE:
At the time of this update, 45 free zones are running in full fledge in the UAE. This number has hugely increased in the last decade and is likely to increase in the coming years. No two of these free zones are the same. They cater to businesses of different needs and sizes. Without adequate knowledge about all these free zones, you cannot make an educated decision about which free zones will be the best for your specific business. Since our agents are constantly incorporating various types of businesses in these free zones, we can help you choose the right one for you.
The registration processes in these free zones differ as well. However, since we are always working closely with the authorities of these zones. We have sufficient knowledge about the registration process in these free zones. We also have connections with these free zones, so if you face any problems after company formation, we can still help you solve them.
If you are looking to start a business on the mainland, then our consultants have you covered as well. Previously, the government of the UAE did not allow 100% ownership of businesses to foreigners. They could only own 49% of a business, even if they were the founder. The rest of the 51% had to be owned by a local sponsor. However, after some amendments and additions to the existing laws, foreigners can finally own 100% of businesses that are not strategically important to the government.
There are several other benefits, for instance, a business in the mainland can take lucrative contracts from the government and other private organizations. While a free zone company can only do business with other companies in that free zone.
Start your business with Company Setup and hit the ground running. Let us help you kickstart your business in the UAE for a brighter future.
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Frequently Asked Questions on Company Setup in Dubai
There are a lot of businesses that are lucrative in Dubai. However, the best business to start in Dubai will be both profitable and easy to set up. Before unveiling our top pick for the best business to start in Dubai, here are 10 businesses worth considering in Dubai:
- E-Commerce
- Business Consultancy
- Construction Consultancy
- Real Estate Agency
- Handyman Business
- Food Cart
- Web Development Services
- Marketing Agency
- Day Care Services
- Cleaning Services
As promised, our top pick for the easiest and most profitable business to start in the UAE is a Beauty Salon. It requires very little starting capital. On top of that, entrepreneurs with limited experience can get into this sector as well.
The process of starting a beauty salon in Dubai is very simple as well. It requires only two external approvals; one is from the Planning Section, and another is from the Health and Safety Division of the Dubai Municipality. However, if you are planning to seek help from experienced Company Setup consultants then you do not need to worry about the setup process.
You can start a beauty salon without any experience in the field. If you have any experience then you can provide the services yourself, or you can hire experts to provide the services. Either way, you will not lack customers since the locals in Dubai cares about their physical appearance and have a lot of expendable income.
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The process of starting a business in Dubai is relatively easier than in the rest of the world. However, since Dubai has its own culture and way of doing things. Foreigners are sometimes intimidated and end up creating obstacles that do not exist. That being said, the language barrier may exist depending on the official you are dealing with. You can easily overcome this by hiring a translator.
Here are the steps in the company setup process in Dubai:
- Select business activities
- Select business trade license
- Select legal structure
- Initial approval application
- Prepare the Memorandum of Association (MOA)
- Acquire an office space
- Get necessary external approvals
- Submit documents and fees
The external approvals you will need will be mentioned by the Department of Economic Development in Dubai when you receive the initial approval for them. They will also direct you to the respective authorities from where you can get these approvals. The documents you will require will depend on the type of business you are opting for.
The easiest way to start a business in Dubai is to get services from experienced business consultants who have started countless businesses in Dubai. On top of that, they have the necessary connections to streamline the business setup process.
The UAE is shifting its economic focus from the oil and gas industry. As a result, Dubai is providing a lot of incentives for entrepreneurs and businessmen from all over the world. In other words, Dubai is currently one of the best places to start a new business in.
What makes Dubai so attractive for all kinds of businesses is its 0% tax policy. Combined with excellent infrastructure, an abundance of talents, and a strong regulatory body, Dubai is a haven for entrepreneurs and seasoned business owners.
Here are some of the advantages of starting a business in Dubai:
- 100% tax exemption from corporate and personal incomes.
- No restriction on foreign currencies.
- 100% ownership of businesses for foreigners.
- 100% exemption of tariffs for import and export.
- 100% repatriation of capital and profits.
- Easy recruitment process.
- Easy immigration process.
These are the most prevalent benefits, on top of that, there are countless other benefits like excellent transport system, strategic geographical location of Dubai, low startup cost, etc. However, 100% ownership of businesses applies to all businesses except the sectors that are strategically important to the UAE. For example, if you want to invest or start a business in the oil and gas industry, then you cannot own 100% of a business there.
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Dubai is home to countless investors and entrepreneurs from all around the world. About 80% of the local population is made up of expatriates. Many of these expatriates own their own businesses here. So, the answer is yes, as a foreigner you can start your own company in Dubai.
Dubai is very welcoming to foreign investors, entrepreneurs, and business owners. As the government is shifting its economic focus from the oil and gas industry, you will find benefits after benefits when you start your business here. Even though there are countless advantages of starting a business here, many people are intimidated by the business setup process. This problem is solved by the expert company setup consultants who will start your business for you.
When you hire business consultants to complete the business formation process, all you have to do is provide the necessary documents and they will take care of the rest. Here are the documents that are usually required when starting a business in Dubai:
- Passport copies of all the owners.
- A complete business plan.
- Signatures of all the owners.
- NOC from the sponsor, should you have any.
- Audited financial reports for two years if you are starting the business through a corporate entity.
- The completed application form.
The documents required may vary depending on where you plan to start your business. Mainland Dubai requires the same documents. However, each of the free zones in Dubai will have different requirements.
As a foreigner, you cannot own 100% of a business in certain sectors that are strategically important to the UAE. These sectors include oil and gas, weapons manufacture, transport, etc.
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Dubai has a very investor-friendly environment. But that does not mean that any business you start or invest in is going to be successful here. Market research is very important wherever you want to start a business in the world. The same goes for here in Dubai. Some businesses do better than others. This is because some products and services are in higher demand than others.
Here are ten businesses that are in demand in Dubai:
- Beauty Salon
- Restaurant
- Real Estate
- E-Commerce
- Handyman Business
- Accounting Firm
- Marketing Agency
- Automobile Dealer
- Daycare Services
- Cleaning services
Just because these businesses are in demand does not mean they are easy to start and run. Some of these businesses will have a lot of competition, while others will be very profitable. The ease of entry will also differ depending on the condition of the market. So, it is suggested to do your own market research before choosing a sector to settle in.
