Easy Steps To Company Formation in Dubai UAE
We have experience of so many years in the formation of new businesses. From completing the legal formalities to the infrastructure and promotion, we are the one stop solution for all your business requirements. We are the leaders in the industry of business consultancy. Our aim is to deliver the best assistance to our clients and guide them in all possible ways as they set up their business.
Our company offers its clients the best consultancy services. We work in accordance with the rules, regulations, and guidelines. We make the process of your company formation seamless and hassle-free. Our team of professional experts is committed to providing you with the best solutions. We ensure that you do not face any major challenges while setting up your business in Dubai.
Dubai Business Setup has been helping Global entrepreneurs start new businesses
We have been helping Indian businessman realize their dream of setting up a company in Dubai for over a decade. Finance and tax are among the major constraint that a businessman faces. With a starting a business in Dubai, you do not have to worry about tax as Dubai is tax haven for companies. Over the past several years, the Dubai administration has taken several measures that makes Dubai the best place for any business to start its operations. Operating in Dubai, you have access to a pool of opportunities that you may not get elsewhere in the world. Dubai Business Setup has been helping global entrepreneurs start a new businesses. So, what are you waiting for, give us a call today. Our business setup consultant or expert advise you for best solution.
Frequently asked questions
Free zones in the UAE– which is also known as free trade zone are primarily economic zones for exchanging goods and services at competitive tax and customs levels. Initially, they were designed to boost international businesses in the region with benefits such as 100% foreign ownership.
A new free zone has recently developed in Fujairah, the cheapest free zone in the UAE. As the IFZA International free zone Agency, Fujairah is the current cheapest free zone in Fujairah. Not only is it the cheapest but it also gives buyers a number of advantages.
Here are the steps to start your business in the free zone.
• Determine the entity type.
• Choose your name for the business.
• Choose your business.
• Get initial approval
• Choose your desired office space
• Get your license
The main difference between Mainland and Free Zones is the validity of the two year visa while the three year free zone visa applies. The UAE labor law shall ensure n mainland, whereas the Free Zone visa shall be regulated by the laws and regulations of the corresponding free zone.
The jurisdictions of the free zone do not allow companies in Dubai Mainland to enter into business under free zone authorities. Besides that, free zone companies in Dubai Mainland can do business via a civil work firm, Limited Liability Company or a branch office.
• Customs exemption
• VAT exemption
• exemption from import and export tax
• corporate tax reduction
• 100% foreign ownership
• Limit of foreign employees increase
There a few steps first that you need to follow before starting your business in Dubai
- License Application.
- Attested LLC agreement.
- Governmental forms.
- Name reservation certificate.
- Initial approval certificate.
- Approval by government authorities.
- Contract of lease.
- Certificate of approval with EJARI.
Taxation–There is no vast majority of taxation (personnel, private, capital gains, VAT) in Dubai and this makes this region highly business-friendly. Transportation–It has a high-quality road transport network and the world-famous Dubai Metro, you can get anywhere without any trouble!
- Real Estate. Real estate is one of the most established industries in Dubai.
- Financial Services. The UAE has quite an organized and advanced financial system in place, to support the large-scale businesses there
- Retail
- Tourism
- Schooling
- Healthcare
Dubai gives Indian market creditors lucrative incentives without a scheme of personal or corporate taxation. Nevertheless, the tax benefits outweigh the Indian taxation policies. With low import duty, free trade, double taxation deals, you can be sure to set up a lucrative business in Dubai.
- Decide on a legal framework for your business
- Pick a place. A trade name is registered.
- Request a licence.
- Apply for initial approval certificate.
- Draft an MOA and local service agent agreement.
- Register a physical office in Dubai.
- Sign in a Dubai physical office.
One may get citizenship in Dubai if an employer provides sponsorship. The permit for residency in Dubai must be extended after 3 years. Another way of getting citizenship in Dubai is by buying property. Once an individual is citizen he or she will also be allowed to open a Dubai bank account.
Limited liability company. The most common form of business in the UAE is the limited liability company (LLC). A Limited Liability Company can be created by a minimum of 2 shareholders and a maximum of 50 shareholders whose liability is limited to their corporate capital stock.
It is better to form a company in one of Dubai’s free zones. A free zone business in Dubai allows foreign companies to own the firm 100 per cent. A limited liability partnership in Dubai (Dubai LLC), which allows foreigners to own up to 49 per cent of the business. The remaining 51 per cent of shares will be owned by a UAE national.
Most of the Dubai UAE banks allow non-residents only to open a Savings Account and not a Current Account. Nevertheless, non-residents cannot receive a check book; a debit card will be issued to non-residents to withdraw the money. As a non-resident, the equilibrium will be minimal and/or maximum.
A Dubai business license will run you somewhere around AED 15,000 to AED 50,000 (approx.) or even more!
Permanent residency in Dubai is not yet open. You will receive a permanent residency visa in Dubai in just a few forms. Business: If you are starting a business or business here in the UAE, you are eligible for a 2-year UAE residency visa which can be extended.
- Choose an appropriate business name and legal structure for your company.
- Decide on all business activities to be included in the business license (maximum 10 per licence).
- Fill in and submit the formal permit form for initial approval.
Dubai Free Zone Offshore Business – What is it? Free zone stands for UAE’s place of registry offshore company – meaning the company is registered in one of UAE’s free trade zones. Offshore company – means the company’s special status in the free zone.
- Project the business. You can start your business in one of the free zones 25 + free zone areas.
- Check with a compliance officer for the company.
- Pick your process and your jurisdiction.
- If you are signing internationally, find a sponsor.
- Get The itemized expense of starting up the business.
The cheapest free zones to set up are those in other cities like Sharjah, Ajman, Umm al Quwain (UAQ), Ras Al Khaimah (RAK) and Fujairah outside of Dubai. They offer various products, as well as the maximum number of visas that can be issued under those firms.
Formation of an offshore company in the UAE means that Therefore, the establishment of an offshore company is the method in which the firm worked or controlled outside the country where it is listed or outside the country where owners and shareholders live. Emiratesca assists in the development of offshore companies in the UAE.
Free Zone Establishment (FZE) is a single member limited liability company that can be established throughout the Free Zone of the UAE. Free Zone Corporation (FZC) will however be a related company with different shareholdings (maximum 5 shareholders).