In this blog we discuss the essentials of a business set up in Dubai. let’s briefly talk about them.

Step 1 – Decide What Type of Business you wish to start

Step 2 – Check this activity is available or not. If its available

Step 3 – Where to start your business? (Which Emirate)

Step 4 – From which authority registration can be done (free zone or mainland)

Step 5 – What payments are payments required for your business registration and investor visa

Step 6 – Provide Required Documents and get trade license

Step 7 – Get your investor visa stamped

Starting a business in the UAE should not take you more than a week once you’ve sorted all your legal procedures.

While explaining the steps, there might be some more additional things to do as per your requirement and nature of business. Commonly there are two main types of businesses that foreign investors and entrepreneurs can set up in Dubai – an LLC or a Free Zone

LLC

For small business, an LLC (also referred to as a mainland company) is the most common and the easiest choice. With an LLC, you will only own 49% of the business. The other 51% will be owned by an Emirati national or a company that is wholly owned by Emirati nationals. And yes, Emirati partners are actually required to show their family book, to prove their heritage.

Through an LLC, the foreign investor will have the opportunity to obtain UAE residence visas for themselves, their family members and a certain number of employees.

Business Consultants like Emirates Express can help with the paperwork and logistics of setting up a business in the country. we can get you connected with an Emirati sponsor. We already have a list of Emiratis who work with us. In most cases, you will have to pay the Emirati partner an annual fee in return for their sponsorship. This fee will vary based on the sponsor, so feel free to ask around to see where you can find the rate that is right for you. Generally, the partner does not demand a percentage of your company’s profits, nor is he likely to involve himself in your business decisions. So in exchange for paying this annual sponsorship fee, you get 100% of the profits and a silent partner.

FREE ZONE

Instead of setting up an LLC, foreign entrepreneurs also have the option of setting up a company in one of the UAE’s designated Free Zones. A Free Zone company is often an attractive option for foreign entrepreneurs. This is so because it does not require partnering with an Emirati sponsor. You can own 100% of your business. A free zone business set up in Dubai also gives you the option of obtaining residence visas for yourself, your family and employees.

The Free Zones have a special tax, customs and imports regime. They are governed by their own set of regulations. Companies set up in a Free Zone receive 100% import and export tax exemptions, so this is a great option for any business involving the movement of goods in and out of the UAE. These companies also receive corporate tax exemption for up to 50 years.

There are more than 37 different Free Zones in the UAE, including some that are currently under construction. Each Free Zone centers on one or more particular business industries. If you want to set up a business in a particular Free Zone, your business activity needs to match the industry of that Free Zone.

choose one of the most cost friendly free zone by contacting us.