Starting a business in Dubai implies understanding the difference between the formation of free zone and offshore companies. Next, you must choose a license based on the activities and services you want to provide. Finally, you must prepare all legal documents, open a corporate bank account and start the visa process.
The above tasks may seem like a lot of work, and in fact they can be. That’s why the business configuration consultants of the Business Link UAE will manage all the heavy work, which means you don’t need to visit countless government authorities to do the job. And it all starts with a free and no obligation consultation where we will guide you through all the latest information on how to start a business in Dubai. Business formation in Dubai is made easy with UAE consultancy. Contact us today to start your business dream.
Opening a company in the UAE is prestigious! Today, the United Arab Emirates is a global economic center that has rapid development, a stable economy, favorable tax preferences and unsophisticated legislation, which attracts investors and entrepreneurs from around the world. The consulting company Business Adviser offers a full range of UAE business registration services. Our team of lawyers and professional economists with extensive experience will help you open a company in Dubai and other emirates.
The UAE business registry is a demanding procedure complex. The qualified Business Link UAE Business Adviser professionals are ready to help you. By trusting us, you will save your valuable time and money, since our company is located in the United Arab Emirates and provides services directly without any intermediary. That is why we have reasonable prices.
Once you have decided to open a company in the United Arab Emirates, you must first choose a location. It is noteworthy that each of the seven emirates has its own regulations and terms for records. In addition, there are free zones that have their own rules.
A local company is registered in the emirates territory of the country to operate within the emirates. According to national legislation, said company can only register if one of the partners is a citizen of the UAE and owns 51% of the shares.
If you want to open a company in Dubai with a 100% foreign participation, we recommend that you choose one of the free economic zones. And still, if you want to open a local company in the UAE, you must know its characteristics:
- A foreign citizen may own only 49% of the company’s shares, while 51% will be owned by a local sponsor;
- The sponsor will receive an annual reward and will not participate in the company’s operations.
- A company can participate in any type of activities within the UAE and abroad;
- A company provides a residence visa and a tax certificate;
- The location of the main office depends on the registry emirate;
- No audit requirements;
- No restrictions on the minimum authorized capital (1 AED is sufficient)
- Possibility of opening an account in any bank of the UAE.
Experience has shown that the registration of a local company in the UAE is only required in exceptional cases. Most of the activities can be carried out through a company registered in a free zone.
DUBAI COMPANY TRAINING OF A RESIDENT COMPANY (LLC)
- Opening a company in the UAE with a relevant local sponsor in the following cases:
- Cooperation with government organizations;
- Participate in public tenders
- UAE pit trade;
- Carrying out activities and providing services with the need for assistance and presence in assets in the other emirates;
When the activity of a company requires a large space and more visas, since the costs of office in the local land are lower than those of the free zones.
Generally, a local sponsor is required to open a restaurant, school, kindergarten, construction, travel or insurance company.
But there are exceptions. Companies targeting professional activities, such as legal, auditing and consulting, do not require a local sponsor. In such cases, a foreign entrepreneur who works in the emirates and outside a free zone has a 100% interest. Official support from a sponsor is required only during visa processing for employees and dealing with local authorities.
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