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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. welocme
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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 two ways you can set up a company in Dubai. The first and easier way is to start your company through Company Setup Consultants. Our consultants have years of experience incorporating various types of businesses all over the UAE. We also provide a wide range of services to help you operate your business smoothly and efficiently after formation.
The second way is to set up your company in Dubai by yourself. This is only viable if you are a local here with previous experience with company formation in Dubai. If you do not know the locals here and are not familiar with the language and culture here, then it is not a good idea to take on the company formation process by yourself. Things like the language barrier and limited experience will cause some expensive setbacks that will be hard to recover from.
If you want to give it a shot by yourself, here are the steps you need to follow in order to set up a company in Dubai:
- Select your business activities
- Select an economic zone
- Select a legal structure
- Select a trading name
- Select a trade license
- Get the initial approval
- Rent or lease an office space
- Get the external approvals
- Submit the documents and pay the fees.
The Department of Economic Development (DED) in Dubai is responsible for handling the registration of new businesses in the mainland. You will have to undertake several of the steps in the registration process while dealing with the officials at the DED.
It is prime time to set up a business in Dubai right now. The UAE has been in the process of changing its economic focus from the oil and gas industry for the past decade. They have established the necessary infrastructure needed to house countless new businesses so that other industries in the country can flourish. Now, to attract businessmen and entrepreneurs from all over the world, they are providing a lot of benefits and perks for new and existing businesses.
Besides these benefits, the registration process for new businesses in Dubai is relatively easier than in the rest of the world. It is made even easier thanks to the numerous business consultants in Dubai. As a result, Dubai currently ranks 16th in the world in the index for ease of doing business. In terms of getting electricity, it ranks 1st. And in terms of getting construction permits, it ranks 3rd. So, you know that the infrastructure your business will have will be the best in the world.
Here are some of the advantages of setting up a business in Dubai:
- 100% exemption from corporate and personal taxes.
- 100% exemption from import and export duties.
- 100% repatriation of capital and profits.
- No limitations or restrictions regarding minimum starting capital.
- No limitations when recruiting.
- No requirement for annual audits.
- Visa sponsorship opportunities based on office size.
- Available and flexible office spaces
Besides these, there are countless benefits of starting your business in one of the free zones in Dubai. Different free zones provide different benefits and cater to the needs of different businesses, so do your own research before selecting an economic zone for your business.
Strictly speaking, a free zone company is allowed to do business within its own boundaries only. However, there are several ways a free zone company can do business in mainland Dubai, or even internationally.
There are certain business activities that are allowed. That means if you provide certain services from a free zone, you can also provide those services on the mainland without any restrictions. In cases of business activities that are not allowed for free zone businesses, they can still provide those through a middleman, also known as a local service provider.
Another way is to acquire specific licenses and documentation from the Department of Economic Development in Dubai that allows you to perform those business activities in the mainland. You can establish a branch office or limited liability company on the mainland and perform your business activities as well.
Alternatively, you can sell your products through a DED-licensed distributor on the mainland from the free zone you are in. These distributors can operate on the mainland on your behalf for a small fee.
The exact cost of starting your company in one of Dubai’s various free zones will vary depending on a lot of factors. For example, it will depend on the free zone you select, the type and size of the office space you choose, the company structure you choose, etc. Many free zones have a minimum starting capital requirement that you need to meet in order to set up a company there.
Here are some of the biggest costs related to starting a business in Dubai:
Company Registration Fee:
The registration free will depend on the free zone you select for your business. However, it does not vary too much. The range of the fee for registering your company in one of Dubai’s free zones is around AED 9,000 to AED 10,000.
Trade License Fee:
The trade license fee is a recurring cost, and you need to pay it again when you renew your trade license. The amount of the trade license fee will depend on the type of trade license and business activities you mean to pursue. It will range anywhere between AED 10,000 to AED 50,000 per year.
Office Space Rent:
The rent of the office spaces varies vastly depending on the type and size of the space you get. You can rent serviced desk spaces in Dubai which cost around AED 15,000 to AED 20,000.
Minimum Capital:
The minimum capital requirement will also depend on the free zone you choose for your business. Many free zones do not have a minimum capital requirement, while some have a requirement of AED 50,000.
In the past, you had to have a sponsor to own a business on the mainland. Only free zones allowed foreigners to own 100% of a business in the UAE. But the free zones were catered to the needs of certain businesses only. And there were certain restrictions and limitations in the free zones that made them unattractive to many foreign entrepreneurs.
If you wanted to own a business on the mainland of UAE then you could only own 49% of the business, even if you were the founder of the business. The rest of the 51% had to be owned by a local sponsor. This was a big red flag for businessmen and entrepreneurs from other countries who were interested in the UAE.
However, the government of the UAE had made some amendments to their previous laws. Now, most of the sectors allow 100% of ownership to foreigners all throughout the UAE. That means, you no longer need a local sponsor to start a business in the UAE.
The only sectors where 100% ownership is still not available for foreigners are the sectors that are strategically important to the UAE. For example, 100% ownership for foreigners is not possible in the oil and gas sector, the transportation sector, weapons manufacturing sector, etc. You can only own 49% of a company in these sectors as a foreigner in the UAE.
You do not need to form your own company in the UAE though. You can easily invest in any of the public companies in the UAE. The UAE recently announced the golden visa that allows long-term residency for foreigners.
Acquiring the business trade license is the main step in the process of company formation in Dubai. The cost of the business license will depend on the types of business licenses you are opting for. The type of business license you will require will depend on the business activities you are going for. For example, if you are a doctor looking to provide your healthcare services in Dubai then you will need to go for a professional business trade license.
A standard business license in Dubai will cost you around the range of AED 8,000 and AED 10,000. However, there are several other expenses of legally starting a business in the UAE. Some of these expenses are acquiring office space, drafting official documents, getting around Dubai for acquiring initial and external approvals, etc.
The easiest way of acquiring a business trade license in the UAE is with the assistance of an expert business consultant. They have years of experience setting up companies in the UAE. They can tackle all these steps very easily. Over the years, they have developed the necessary connections and networks that allow them to streamline the processes. If you are looking for such an expert, then Company Setup Consultants are here at your service. Our experts will kickstart your business so that you can hit the ground running.
