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Company Setup in Dubai for Australian Nationals

company set up in dubai

Dubai is considered the land of opportunity for many expats. It’s a global hub for entrepreneurs from every nook and corner of the world. This cosmopolitan city offers enormous opportunities and tax-friendly policies, making it a perfect place for a company set up in Dubai. If you are an Australian national who wants to know how to move to Dubai from Australia and set up a company, then this is the best time to take the leap.

The charm of Dubai does not lie in its glaring skyline or luxurious lifestyles but in the way, this city welcomes people of all nationalities and makes them feel at home. The Australians, like other expats, will not find it hard to integrate themselves into this society. But relocation to any other country brings along questions: What’s the eligibility criterion? Is the procedure cumbersome? What are the requirements to be fulfilled? Am I eligible to apply?

You may relax as this guide is specifically tailored to answer all your questions and provide the step-by-step approach you may need to make the company set up in Dubai a reality.

Why Move Your Business to Dubai?

Australia and Dubai could be two places that seem worlds apart but share a lot in common, particularly in fostering innovation and entrepreneurship. So why would you want to move your Australian business to Dubai?

1- Tax Benefits:

Dubai has one of the largest incentives for business owners: a zero-tax regime for personal and corporate income. More precisely, it attracts Australian entrepreneurs who aim to extend their businesses or new company setups in Dubai with minimal tax burdens.

2- Access to International Markets:

Its strategic location enables the accessing of the Middle Eastern, African, Asian, and European markets with ease; hence, opening the gateway to more than 2 billion consumers.

3- Infrastructure Class:

The best infrastructure in the world, from state-of-the-art business districts to state-of-the-art logistic hubs.

4- Business-Friendly Environment:

Dubai has been consistently ranking high in ease of doing business, with straightforward procedures for business setup, visa processing, and licensing.

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Setting Up Business in Dubai: A Step-by-Step Guide for Australian Citizens

Company setup in Dubai is quite straightforward, as the process involves a few easy steps. Following is how one can start a business in Dubai:

1- Selection of Business Activity:

The first step in company setup in Dubai involves deciding on the type of business. It doesn’t matter whether you want to open a consultancy, trading business, or a tech start-up; choices are galore in Dubai. When you choose your business activity, that will also define the kind of license required.

2- Choose Your Company Structure:

Once you have chosen your business activity, you need to decide on the legal structure for your company. If an Australian national wants to relocate their Australian business to Dubai, choose if you want to set up a company in Mainland or FreeZone. Both would allow foreign ownership at 100%. That means you don’t require a local partner or sponsor to be in control of the business fully.

Visit Our another blog to know more about the difference between mainland and FreeZone company setup.

3- Reservation of Trade Name:

Choosing a trade name is a very important factor. The name of your company should show people what kind of business you are dealing with, but at the same time, it has to be in correspondence with the naming convention in the UAE. It is not allowed to use religious or offensive words, and the name has to be unique.

You can reserve the trade name through our trademark services and protect your brand name and identity, and once approved, you are good to go for the next step.

To know more about Trademarking services: Visit our website Trademarks.ae.

4- Submit Documents for Initial Approval:

You will have to submit some initial documents for the commencement of the approval process. These usually include:

  • Passport copies of all shareholders
  • A short description of your business activity
  • A fully filled application form

Once you have submitted your application, it is checked by the authority. It is done to make sure that your company abides by all the local laws and regulations for registering business in UAE.

If  You Want to Set up a Business in Dubai From Australia ! Send Us Your Inquiry

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    5- Find the perfect Office Space:

    Office leasing is mandatory for company setup in Dubai Mainland but not mandatory for Free Zone company setup in Dubai. However, if you are setting up your business in the Meydan Free Zone, then you have the fantastic option of leasing an office anywhere within Dubai that best fits your work environment and not just in the specific Freezone.

    At Spider Business Network, we offer more than just company setup services. We also offer fully furnished serviced offices, coworking spaces, and virtual offices with Ejari, all located in the prestigious Conrad Towers on Sheikh Zayed Road, right across from the World Trade Center. Whether you need a professional workspace or meeting rooms, we’ve got you covered at one of Dubai’s prime business locations.

    6- Obtain Your Business License:

    Once the above steps are complete, a business license can be obtained. Getting the license probably comes as one of the most high-priority steps in Dubai company formation, as this allows for the legal conduction of business. You will get it in a few weeks in most cases. Also read our article on how to get trade license without office space.

    7- Get Your Visas:

    Nationals of Australia who open a company in Dubai will need a UAE business visa in order to reside and operate within the emirate. Furthermore, as a business owner, you have the authority to sponsor your employees’ and family members’ visas as well.

    Required documents for a visa application include:

    • Copies of passport
    • Your newly issued license
    • Passport-sized photos
    • Entry permit – if applying from outside the UAE

    Understanding the UAE business visa requirements bears great significance when it comes to the registration of a business in the UAE. The process leading to obtaining a business visa is fairly simple in Dubai; however, it always pays to double-check that all documentation is in order.

    8- Open a Corporate Bank Account:

    Finally, you will need a corporate bank account, where you would conduct the transactions relating to business. There are plenty of local and international banks operating in Dubai, serving several useful purposes.

    Generally, the following are the documents you may want to have in order to open a bank account:

    • License copy
    • Passport and visa
    • Tenancy agreement of your company

    If these steps are followed, your company will be ready for full operation, and you can pursue your journey as an entrepreneur in Dubai.

    Conclusion

    Company setup in Dubai, being an Australian national, is quite smooth and rewarding if guided properly. A proper idea about the process will get you going with your entrepreneurial dream in one of the world’s fastest-moving cities.

    At Company Setup, we handle everything for you, from getting your Dubai business visa to opening your corporate bank account. Do not worry about the details – just give us some basic information and documentation, and we’ll handle the rest. We want the transition for you to Dubai to be as smooth and hassle-free as possible. To learn more, contact us today to see how we can help you move your Australian business to Dubai.

     

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