Are you looking for a business setup in Dubai?
You’re not alone. Many people are interested in starting their own businesses, but it can be difficult to know where to begin.
That’s why we created this guide for you! We want to help you get started with your business so that you can focus on what matters most – running the company itself.
Dubai is one of the best places on earth for entrepreneurs. It has an incredible potential customer base and many resources that will help your business grow faster than anywhere else.
In fact, it’s been ranked as the top place to do business by different Business Magazine! All this means it’s easier than ever before to get started with your own company here. And we can show you how.
We know that starting a new business is always going to be a challenge – but we also know that if you do everything right, it can be incredibly easy too.
That’s why our team DBS in Dubai is here for you every step of the way from helping to choose the perfect location for your office space, registering your business trade license, all the way through getting set up with suppliers and employees who share your vision and passion for success.
We want nothing more than to see you succeed – because when you do, we do too!
Let us make sure everything goes smoothly from day one so that all those sleepless nights worrying about things going wrong never happen again. Instead, you can count the beautiful memories of being successful, spending time with families at a sea beach, riding expensive yachts, etc.
Why Should You Setup a Business in Dubai?
It is one of the best places to do business in. With its fine infrastructure and liberal regulations, it offers a wide range of benefits for potential entrepreneurs.
Dubai govt. provides many incentives to do business in Dubai, including free zones and exemptions from customs duties on imported goods.
Easy to Setup Business?
Setting up a business in Dubai is easier than you can imagine. You just need to pick the right company to help set it up. It only takes about two weeks of work if you have all your documents ready.
Low Tax Rates:
The UAE has one of the lowest tax rates in the region at only five percent on foreign companies’ income from their operations within its boundaries. Also, there are no taxes on personal or corporate capital gains so far as these derive from outside the Emirate where they arise.
Using UAE dirhams will save you money because this currency is pegged against the US dollar which means your funds won’t lose value if exchanged into another currency after being transferred.
Freedom of Religion:
It has more than 60 nationalities that have been welcomed by its government. Dubai government believes in freedom of religion which means you will be able to practice your faith without any problems or constraints if this is what you really want inside your heart.
Low-Cost Living Facilities:
Dubai is an attractive destination for expats from different parts of the world. The cost of living in Dubai is very low, and the economy is booming.
Dubai has a modern infrastructure, with all the necessary amenities (shopping malls, hospitals, and schools). It’s very safe to live in Dubai.
All these reasons make up for an attractive destination for foreigners who want to relocate or establish themselves abroad. You can take benefit of 100% foreign ownership company.
What is the best place to choose for business setup in Dubai?
This is one of the important decisions you need to take before the formation of your company. There are two business locations in Dubai, Dubai free zones and mainland. Each zone has unique benefits depending on your business.
If your business falls under these categories, then Dubai free zone will be better for you:
- Logistics, etc.
These categories are best for company formation in Mainland Dubai:
- Real Estate
Types of Business License:
- Commercial License
- Industrial License
- Professional License
- Tourism License
- Etrade License
What is the best type of company?
The most common type of legal entity structure for businesses in Dubai is that if an LLC (Limited Liability Company). An LLC has better flexibility than other types of companies and it also offers protection against liabilities like debts etc…
Business Setup Process in Dubai:
If you got convinced by the reasons mentioned above, then let me tell you the easiest ways to set up your business in UAE:
- You need to have all the required documents approved by the UAE govt.
- Get a local sponsor if you want to do a company formation in Dubai mainland.
- Prepare the Memorandum of Association ( MoA ). MoA contains the primary objectives of your company, primary investment details and issuance of shares.
- Get your documents approved by the DED (Department of Economic Development)
- If everything goes fine with DED and get approval, then you have to register your business name.
- After that, get a physical or virtual office depending on your business to claim the trade license.
- If you go through all of these steps discussed above then congratulations, within a week, you will get a registered business in Dubai.
Important notes to open a company in UAE:
- While setting up a company with an industrial license, there should be a local sponsor having 51% shares and an investor with foreign nationality having 49% shares.
- 100% foreign ownership, Local sponsor or local service agent for mainland licenses only.
- Uae has zero income tax, but you need to provide 5% VAT.
If you need help setting up your business in Dubai, then contact us today! We provide excellent customer service, and our team will be able to answer all of your questions about starting up a business here, along with helping create custom packages that suit each individual’s needs best!
Our goal is to make it as easy as possible for businesses like yours to open up shop here in Dubai, and we are confident that you will have the best experience possible while working with us.