Prime Tower, Office# 2707, Business Bay, Dubai, UAE
As per Department of Tourism & Commerce Marketing (DTCM), a Travel & Tourism Establishment can have three distinct activities as part of its license.
The establishment of world-class infrastructure and landmark projects (such as Burj Khalifa, Dubai Mall, Meydaan racecourse, etc.) coupled with marketing initiatives by Emirates and DTCM have been the key drivers for Dubai’s tourism industry.
On the other hand, high disposable income and a high proportion of expats are the key drivers for outbound travel from the city. The Travel & Tourism industry has a high significance to Dubai’s economy (direct contribution of 20% & 6% to Dubai’s GDP and total employment, respectively) Dubai is one of the Top 10 tourism destination cities in the world, primarily driven by business and leisure (shopping, beach, etc.). A strong government focus to develop tourism through diversification into new tourism segments (cruise, medical tourism, sports tourism, etc.) is expected to further drive growth of the industry.
from corporate tax
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
2 Persons can open up an LLC
The maximum number persons or employees an LLC can have is 50
If you want to open an LLC in Dubai then you have to invest a minimum of AED 300,000/- or USD 81,744/- which is abysmally when compared to the higher forms of organization set ups.
If you want to open an LLC in emirates other than Dubai, then the capital requirement is further down to AED 150,000/- or USD 40, 872/-.
The DED is the vital government body for registering and licensing companies who intend to do business in the mainland of Dubai. The DED recently has been updating its rules and regulations to act as a one stop shop service centre for all licenses in mainland Dubai. Today DED provides fast track services compared to most of the government authorities in other emirates or neighbouring Gulf countries.
Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space
Apply for a trade license
Submit docs and pay license fee
Obtain license & start business operationbr>