- August 2, 2020
- Posted by: DBS Editorial Team
- Category: UAE Investor Visa
Dubai has established itself as a melting pot of opportunities and a renowned global hub for trade and business. That’s why the idea of company registration in Dubai exhibits great potential to both foreign and local investors.
There are multiple factors why the city of Dubai has become a lucrative business destination for start-ups and multi-national companies. The booming tourism industry, numerous business-friendly communities as well as relaxed rules and regulations for investors are some of the major reasons why investors prefer company registration in Dubai.
Nevertheless, while starting a business in Dubai an investor should consider the dynamics between business activity and its location. It is important to choose the right community or area where the business is set to reside. A business entity in Dubai can be set up either in a mainland company or free zone – depending on the industry.
The two-legal jurisdictions for company registration in Dubai:
These are businesses located or registered under a mainland contract. Commercial licenses in mainland require partnership with a UAE local, wherein 51% of its shares are assigned to the local partner. Professional license offers 100% ownership to the foreign investor with a local agent guiding the business. Mainland businesses are the most preferred and have the least restriction during the setup process.
There are numerous free zones in Dubai. Free zone company registration in Dubai benefit from zero tax, 100% foreign ownership, and full repatriation of capital and profits. Free zones are placed in pre-defined regions across Dubai. Businesses registered in the region have geographical restrictions – such as they are not allowed to do business or rent an office / shop outside the free zone.
Companies in the real estate, advertising, e-commerce, consulting, recruitment, and food are some of the most preferred business set-ups spread across various areas in Dubai.
Here are some of the prominent locations for company registration in Dubai:
Locations for mainland company registration in Dubai –
Sheikh Zayed Road
Stretched across the centre of Dubai, Sheikh Zayed Road features the city’s most iconic skyscrapers. It is home to several start-up companies and multi-national industries located on both sides of its highways. World Trade Centre, and Emirates Towers are some of the most preferred destinations for business set-ups in Sheikh Zayed Road.
Taken from its name, Business Bay is home to numerous business industries in Dubai. It is located nearby Downtown Dubai, that’s why hospitality sectors and tourism-related businesses are vibrant in this area. Also, the road network in Business Bay is highly accessible and has a great connection throughout the city.
The majority of businesses in Deira are small and medium-sized enterprises or SMEs. It is home to several jewellery shops, refreshment stands, and specialty stores to name a few. This area has been very convenient for business setups as company registration in Dubai are becoming easier and more straightforward.
Considered as one of the oldest areas in Dubai, Bur Dubai is known for its textile industry and computer accessories business. This area is a preferred address of Asian expatriates, in addition to a plethora of restaurants and cafeterias.
Locations for free zone company registration in Dubai –
Dubai Airport Free Zone (DAFZA)
This location is ideal for aviation, transportation, telecommunications, logistics, electronics, and luxury good industries. DAFZA is highly praised for its safety and security yet provides a conducive environment for various types of business.
Dubai Healthcare City (DHC)
For healthcare services and facilities, Dubai Healthcare City is the perfect place for this kind of business. The location is known for several clinics, hospitals, and medical centres as well as home to thousands of licensed medical professionals.
Dubai International Financial Centre (DIFC)
DIFC is home to some of the major financial institutions and multinational companies. Furthermore, as per the UAE’s regulation, company registration in Dubai have become more favourable for investors, making DIFC as one of the most preferred destinations for local and international businesses.
Jebel Ali Free Zone (JAFZA)
Located in the far western end of Dubai, JAFZA is the world’s largest free zone and an ideal location for manufacturing and trading businesses.
Keep in mind that location is one of the most important factors when starting up a business in Dubai. It is significant to identify the right area and its demographics; this will help a business to reach target market properly and achieve maximum profitability.
For any kind of company registration in Dubai, get in touch with our group of company formation advisories, consultants and legal experts.
Visit us, call us, request a call or send us an enquiry to book a free business setup consultation. Simply follow the link https://www.dubaibusinessservices.com/contact-us/