Business Setup in Dubai
All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai
Company Formation in Dubai: At a Glance
Dubai has emerged as a highly desirable destination for businesses worldwide. It has played a pivotal role in the growth of some of the most prominent business firms globally. The federal laws in the United Arab Emirates have created a favorable environment for starting businesses, making Dubai an optimal choice for anyone aspiring to achieve significant success in the business world.
The city boasts well-developed and superior infrastructure, offering an ideal atmosphere for businesses to thrive. With regulations that facilitate unlimited business activities, no currency restrictions, the flexibility to operate from any part of the UAE, streamlined processing of employment visas, and no limits on the number of visas, Dubai’s mainland stands out as a preferred location for business setup. Tycoons provide comprehensive services for mainland company formation in Dubai, ensuring a straightforward and efficient setup process.
For those preferring greater operational independence and specific incentives, establishing a business in one of Dubai’s 50 free zones is an excellent option. Tycoons’ business setup consultants guide clients through selecting the optimal free zone, obtaining necessary licenses, setting up office space, registering trademarks, and managing accounting services, ensuring a seamless setup process in free zones like Dubai Silicon Oasis and Shams free zone.
Entrepreneurs seeking international reach and tax advantages can explore offshore business setup opportunities in Dubai. Tycoons facilitate offshore company formation, providing support across mainland, free zone, and offshore setups. They manage documentation, application processing, and ensure compliance with regulatory requirements, all at competitive costs.
The cost of starting a business in Dubai varies based on factors such as company type, license type, visa requirements, and location. Tycoons offer affordable business setup packages tailored for both free zones and mainland areas, addressing needs from office rentals to visa processing and beyond.
Tycoons’ business setup services in Dubai encompass comprehensive support, including licensing, bank account opening, trademark registration, and more. Their expertise ensures smooth handling of the intricate procedures involved in obtaining business licenses and visas, with meticulous attention to detail to avoid delays or rejections.
Whether it’s mainland, free zone, or offshore business setup, Tycoons Business Setup Consultants in Dubai deliver impeccable services, making the dream of establishing a business in the UAE a reality. Their commitment to client success and efficient service delivery makes them a trusted partner for businesses navigating the complexities of starting operations in Dubai.
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.
Things You Should Know
TO SETUP BUSINESS IN DUBAI
Steps
- Confirm the location, where you want to establish the business.
- Decide the jurisdiction, i.e. Mainland, Free Zone, or Offshore.
- Get a reliable local sponsor.( If you need,100% Ownership allowed)
- Fix a trading name and obtain approval.
- Formulate the legal structure of the business.
- Obtain additional approvals from ministries and departments, as required.
- Prepare all the documents necessary for the license.
- Apply in the defined format for a business license.
- Apply for Visa and Emirate ID
- Apply for Corporate Bank Account
Requirements
- A commercial License is necessary for carrying out commercial activities including real estate, trading, construction business etcetera.
- An industrial license authorizes you to mold, manufacture, assemble, and other production processes.
- Professionals such as artisans, and tutors need to possess a professional license to establish a professional business in Abu Dhabi.
- A tourism license is required for undertaking travel and tourism businesses. This type of license is further subdivided according to the area of operation.
- The individuals, who are envisioning to use their intellect in business must obtain an occupational license
Documents
- Passport copies
- Visa copies
- NOC
- Proof of address
- MoA and AoA
- Trade name reservation
- Passport sized photos
- Relevant permits and approvals
Dubai Freezone List
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Dubai Maritime City
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Dubai Commercity
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Dubai South
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Dubai World Trade Centre
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Dubai Design District
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Dubai Science Park
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International Humanitarian City
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Dubai Multi Commodities Centre
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Dubai Outsource City
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Dubai Silicon Oasis
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Dubai International Financial Centre
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Dubai Internet City
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Meydan Free Zone
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Dubai Healthcare City
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Dubai International Academic City
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Dubai Production City
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Dubai Studio City
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Dubai Media City
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Gold & Diamond Park
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DAFZ INDUSTRIAL PARK
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DUBAI AIRPORT FREEZONE
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Dubai Knowledge Park
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Dubai Auto Zone (DAZ)
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Jebel Ali Free Zone
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Expo City Dubai
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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.