How to Start a Company in Dubai? Dubai’s thriving business landscape continues to attract entrepreneurs from around the world. The city’s highly favorable tax system, with 0% tax on both personal and corporate income, combined with its strategic location for global trade, makes it an ideal place to establish a company. Furthermore, the UAE offers a variety of initiatives and support mechanisms that foster business growth, along with business-friendly legislation, which has earned Dubai a top spot in the World Bank’s Doing Business Index.

How to Start a Company in Dubai?

Setting up a business in Dubai is a straightforward process that can be completed in just six simple steps. Here’s how to start a company in Dubai:

Step 1: Choose Your Business Activity- How to Start a Company in Dubai?

Before setting up your business in Dubai, you must select a business activity. The Dubai Department of Economic Development (DED) offers over 2,000 approved activities across various sectors. It’s important to detail all activities your company intends to undertake, as certain licenses allow multiple activities under one registration. If you’re unsure of the right category, a Dubai Business Service can help you navigate the options and select the best fit for your business.

Step 2: Select the Right Business Setup- How to Start a Company in Dubai?

This step involves two key decisions. First, determine the type of business license you need. If you’re offering professional services, you’ll need a professional services license; for industrial activities, you’ll require an industrial license, and so on. Second, decide whether to establish your business on the Dubai mainland or within one of its many free zones.

Both setups offer benefits:

• Mainland: Allows you to trade directly with the local market and secure lucrative government contracts.
• Free Zone: Offers tax exemptions, customs duty exemptions, and the ability to repatriate 100% of profits and capital, alongside the attractive 0% tax rate.

Step 3: Choose a Business Name- How to Start a Company in Dubai?

Selecting a business name in Dubai is a critical step. The UAE enforces strict naming conventions. Your company name cannot include offensive language or references to Allah or Islam. Additionally, if you wish to include your personal name, it must be your full name. You should also verify the availability of your chosen name. A Dubai Business Service can help you choose and register a name that complies with all local regulations.

Step 4: Submit Your Application- How to Start a Company in Dubai?

Once your business activity and name are selected, you can proceed with the application process. The requirements vary based on your choice of a mainland or free zone setup:

• Free Zone: Submit your application directly to the relevant free zone authority, which may require specific documentation depending on your business type.
• Mainland: If opting for a mainland setup, you will submit your application to the Dubai Department of Economic Development (DED), along with required documentation.

Working with a Dubai Business Service ensures that all aspects of your application are correctly handled and increases the likelihood of approval.

Step 5: Apply for Visas- How to Start a Company in Dubai?

Once your business license is granted, you can apply for the necessary visas for yourself, your employees, and your dependents. The number of visas you can apply for generally depends on the size of your business and your setup location. The visa process is typically straightforward if you meet the eligibility requirements.

Step 6: Open a Corporate Bank Account- How to Start a Company in Dubai?

Opening a corporate bank account in Dubai can be challenging, especially for foreign nationals. Different banks have varying requirements, and the process can be complex. A Dubai Business Service can guide you to the most suitable banks for your business and facilitate meetings with financial institutions to simplify the process.

Conclusion: Starting a Business in Dubai

Setting up a company in Dubai is not only easy but also affordable. The cost depends on the nature and size of your business, but it is certainly possible to start a company on a budget.

However, while the process is straightforward, it requires attention to detail. Mistakes in the application can cause delays or even rejections. Working with an expert from a Dubai Business Service ensures your application is flawless and submitted on time. They will handle all aspects of your setup, from business license and visa applications to liaising with authorities and providing updates until you are ready to start trading.

By following these simple steps and utilizing the services of a professional, you can quickly and efficiently establish your company in one of the world’s most dynamic business environments.