#Be A Business Tycoon
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Mainland companies are licensed by the Department of Economic Development (DED) of the respective emirate. They can operate both within and outside the UAE.
- Local Market Access: Mainland companies can do business anywhere in the UAE, including the local market.
- Office Location: Flexibility to open an office anywhere in the UAE.
- Business Activities: No restrictions on the types of business activities.
- Government Contracts: Eligibility to bid for government projects and contracts.
- Local Sponsorship : Not Mandatory for all Business
Freezone companies are established in designated areas that offer specific economic benefits.
- Full Ownership: 100% foreign ownership is allowed.
- Tax Benefits: Often enjoy tax exemptions, such as no personal or corporate income taxes.
- Repatriation: 100% repatriation of capital and profits.
- Simplified Procedures: Easier and faster company setup procedures.
- Customs Duty Benefits: Exemption from import and export duties within the freezone.
- Specific Activities: Some freezones are specialized and restrict the type of business activities.
Offshore companies are set up for international business operations outside the UAE.
- Full Ownership: 100% foreign ownership is allowed.
- Privacy: High level of confidentiality and privacy.
- Tax Benefits: No taxes on income earned outside the UAE.
- Cost-Effective: Lower setup and operating costs.
- No Physical Presence: Cannot have a physical office in the UAE or conduct business within the UAE.
- Restrictions: Limited to international business activities, primarily for holding, asset protection, and international trading.
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5 STEPS - UAE Business Setup
Free Consultation with Business Setup Advisor
Arrange a face-to-face meeting or a Zoom call with one of our advisors. We recommend having a basic understanding of your business activity, the number of shareholders, your target customers, and office space requirements. Even if you need assistance, our team is ready to support you in finalizing your business plan.
Selecting the Right Jurisdiction
We will assist you in selecting the right jurisdiction for your company, tailored to your unique needs and target market. You can establish your business in the UAE Mainland for maximum operational flexibility, leverage the benefits of a Free Zone setup if you specialize in a specific industry or seek cost-effective solutions, or consider an offshore setup to take advantage of the UAE’s thriving business environment from anywhere in the world.
Applying for Trade License
Prepare all your registration documents, including your Application Form, Memorandum of Association, Certificate of Incorporation, Bank and Residency Statements, and more. Requirements differ depending on the license type and jurisdiction, so our team will gladly assist you throughout the process.
Initiating Visa and Emirates ID Applications
Before relocating to the UAE, it is essential to apply for the necessary visas for yourself, your employees, and any dependents, if required. The specific visa options and the availability of visas for your staff and dependents will depend on the jurisdiction you have selected for your business. Our team will guide you through the visa application process and provide relevant information and support to ensure a smooth and successful transition to the UAE.
Opening a Corporate Bank Account
A corporate bank account is necessary to conduct business in the UAE. You can choose from several national, international, and digital banks, depending on your financial requirements. Our team of experts will help you determine the best bank for your needs
Frequently Asked Questions
Here are answers to the most frequently asked questions.
Yes, a foreign national is eligible for 100% ownership of a free zone/Offshore and In Mainland specific business company in Dubai, and across the UAE.
Yes, foreign nationals can easily register a business in Dubai. Professional assistance is necessary for aspects like licensing, visa issuance, and bank account opening, and a business setup consultant in Dubai can assist you with this.
Yes, Dubai/UAE allow you to register and own businesses without the need for a physical office space.
Yes, you can easily sponsor your spouse and children through a free zone business license.You are Eligible for Family Visa
The three(3) most prominent licenses available in UAE are professional, commercial, and industrial.
Professional license:
A professional license permits offering specialized services such as consultancy, accounting, legal advisory, and so on. This license is required for skilled professionals looking to set up businesses and deliver services based on their intellectual or artistic capability.
Commercial license:
A commercial license is granted for businesses involved in trading activities and is required to legally conduct activities such as import and export of goods within and outside the UAE.
Industrial license:
An industrial license is needed for businesses conducting activities such as manufacturing, packaging, segregation, etc.
The following documents are required from the shareholder(s) and manager(s) for free zone company formation :
- Passport copy
- Latest UAE entry stamp/visit visa copy
- Residence visa copy and Emirates ID (for UAE residents)
- Address proof
- Passport-size photo
Please note that in addition to these, you may be required to submit additional documents. Consulting with a Tycoon business setup company will help you gain more information in this regard.