Prime Tower, Office# 2707, Business Bay, Dubai, UAE
Post on 6-08-2019
The United Arab Emirates is one of the world's fastest growing tourist and business destinations. Dubai is a great place for tourists and very friendly to visitors. Starting up business in Dubai is also equally great and can be hugely beneficial. Dubai had explosively established itself as a global leader in transformation and it is proven to deliver an efficient, secure and future-forward network ecosystem for accelerated growth. Dubai is one of the world’s leading networking destinations. Its progress, strategic locations and economic development continue to make it stand high, as the number of companies chooses to startup a business in Dubai because of its huge number of consumers and strategic locations which makes Dubai the perfect place to start up a business.
Setting up a business in Dubai is a free process where we just need to have our clear vision of how we wish to make the most of our new business setup in Dubai. One can either setup a Free Zone Company or an offshore company.
A Free Zone company in Dubai is fully owned by the person who sets it up. A Free Zone company is often an attractive option for foreign entrepreneurs it is because it does not require partnering with an Emirati sponsor. You can own 100% of your business. By setting up a Free Zone company you can have the option of applying residence visas for yourself and your family. Some of the most popular Free Zones are DMCC – Dubai Multi Commodities Centre, Dubai Internet City, DAFZ – Dubai Airport Free Zone, DSO – Dubai Silicon Oasis and D3 – Dubai Design District.
For establishing an offshore company Dubai is one of the well-known nations in the world. Opening an offshore company in Dubai is an ideal, tax efficient and cost effective corporate structure for entrepreneurs who wish to conduct international trade. An offshore company in UAE should not be confused with UAE Free Zone companies. It is a legal business entity that is set up with the intention of operating at the location of its ultimate ownership. Offshore companies are permitted to open multi-currency accounts in UAE and carry out business internationally.
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>