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Our company is recognised internationally due to our prompt and superior calibre of services – New business setup UAE
Dubai has become quite large in the past decade, and this has made it much easier for people to create new businesses in Dubai. The Department of Economic Development has made it a goal to make the setting up of businesses smooth and efficient. In Dubai, you can setup your business either as a mainland company or a FreeZone one. There are advantages and disadvantages to both.
Though it is the case that Freezones are the most attractive offer on the surface, they are not necessarily the best setup option for you. Of course, the reasons for setting up a business are subjective for everyone and often the final decision is made after considering a lot of factors. Although, there are certain major benefits which are absent if you choose to setup in a FreeZone instead of on the mainland. They are namely:
Trade with other mainland companies
This is perhaps the major reason why you would rather want to create a mainland company instead of a FreeZone one. Freezones will not provide you with this option. Their trade is restricted to those who are in the same jurisdiction, and in cases where they are compelled to trade, they will need to do go through a local distributor or pay a lot of customs duty. These restrictions do not exist in the case of mainland companies.
Wider Scope of Business
When companies are setup in the Freezones, there are restrictions on the scope of business they can have access to. Companies professing a particular type of business can only operate other similar type of businesses. No trading activities are allowed for them. This is the not the case with mainland companies, where they can expand and diversify into other businesses.
Government Bodies
When a government has a contract to offer, you would consider it a great business prospect. They need good investment and will generate high returns. Government often require specialised companies to take up these contracts. Only if you hold a mainland license in Dubai would you be able to get this job. Free Zone companies are not allowed to take up government contracts, but only private companies.
Market
Perhaps the most pivotal advantage that you have is the advantage of opening up office in the mainland across the UAE. Opening up offices makes it easier to trade with the local market. Furthermore, you will have an extensive reach across the entire Emirates. Freezones cannot do any of these. So, if you’re looking to establish your company and secure it for the future, you need to have a mainland company setup.
Local Partner
You will most definitely need a local partner to establish a company in Dubai, UAE especially if it’s a mainland company. You will either need a local service agent or a local service partner. If it’s not a mainland company, but involves a government entity, there is a requirement for a local partner or agent. Of course, getting one is beneficial anyway, for he/she will have knowledge of the particular industry.
Office Space
Now this is something that is going to be quite hard, there is not enough supply to make up for the demand for office spaces. Finding an office in a commercial building is nearly impossible, and this has made some fledgling entrepreneurs to choose semi-commercial buildings instead; although such an environment does not suit well for working. This is why the concept of serviced office spaces has caught up where all the facilities are there and your requirements are fulfilled.
Setting up a business in UAE can be quite a tricky thing, especially with the rules that are region-specific which does not make it easier for companies to form. Therefore, it is quite an imperative for ambitious entrepreneurs to know all aspects of setting up a business in UAE. Therefore, one needs to take into accounts these points which we are enumerating here, so that they can help you:
Research your market
Whatever industry that you want to create a business in, you will need to understand the context of that industry and the dynamics of it. With research, you will understand the basics of the industry, and further exhaustive research would yield everything you would want to know to setup a successful business in UAE.
Licensing & Dubai Company Registration
If a business is being setup in Dubai, they will need to have any one of these licenses with them:
Commercial License which are for trading activities
Professional Licenses covers all kinds of professions
Industrial Licenses for industrial and manufacturing activity
The licenses are issued by the Department of Economic Development.
Local Partner
You will most definitely need a local partner to establish a company in Dubai, UAE especially if it’s a mainland company. You will either need a local service agent or a local service partner. If it’s not a mainland company, but involves a government entity, there is a requirement for a local partner or agent. Of course, getting one is beneficial anyway, for he/she will have knowledge of the particular industry.
Office Space
Now this is something that is going to be quite hard, there is not enough supply to make up for the demand for office spaces. Finding an office in a commercial building is nearly impossible, and this has made some fledgling entrepreneurs to choose semi-commercial buildings instead; although such an environment does not suit well for working. This is why the concept of serviced office spaces has caught up where all the facilities are there and your requirements are fulfilled.
Budget
Of course, before you jump ahead, you need to consider whether or not, you are prepared for it financially. All costs that could happen should be taken into consideration including the licensing and the registration. You must consider that things could all go down south; therefore it is wise to have extra money in hand.
If you are an ambitious entrepreneur in Dubai, you will need to consider these points so that you can take on the process with greater clarity and foresight.
We provide you with all around services that will ease the process of new business setup in Dubai and create the foundation for your future success.
If you want to setup an LLC in Dubai, then you need to know about the various processes that is involved with the setup, this includes the several kinds of registrations that you will be required to do. Well, if you’re looking to know more about the things you need to get your LLC company registered in Dubai, then this article can help you with that, where the several steps that are required are elucidated.
What is an LLC? LLC literally means limited liability Company, and it is a legal company structure where the company is owned by more than 2 shareholders with a cap at 50. Each individual is only liable to their share of the capital. In order to setup an LLC company, you will need to have a minimum capital of AED 300,000. It is also a requirement to have a local partner who will be entitled to 49% of the company’s share.
How is it done? In order for you to get an LLC registration in Dubai, you will need to get a local service agent. This local service agent is not responsible for your company’s finances but he/she will own at least 49% per cent of the company. However, nowadays, things are being done quite differently. Now you can pay this agent a monthly basis so that they keep out of your business and give you complete control over every single aspect of the company, although they still remain a shareholder.
Two things are to be done at the outset itself along with choosing the local service agent – reserving a trade name and getting the initial approval form the Department of Economic Development. In order to get an initial approval, you will need to possess certain documents and have them handed over to the document. These documents are as follows:
An application containing the unique trade name
A passport copy
A no objection certificate if you’re a non-residence
Copy of local partner’s passport
Emirates ID’s of UAE Nationals
The passport copies of the manager and the director
This is the first step of an LLC registration in Dubai, and after you’ve successfully done that you will be needed to get a contract of establishment signed in front of a notary. Once that is done, you will be following into the final stage of the process where you will be required to submit the documents for the final approval. They are:
The initial approval copy
Documents Submitted
Lease Agreement and Plot Address
Signed MOA
LCC’s Capital Requirement
After the final approval has been given by the Department of Economic Development, you will have successfully completed the LLC registration in Dubai.
There are several advantages to setting up an offshore company in Dubai compared to setting up any other. Primarily, they are preferred because it is vastly more discreet than any other company format. There are three distinct locations where you can setup your offshore company. In UAE/ These are the Jebel Ali Free Zone, which is in Dubai, and the other ones which are Ajman and RAs Al Khaimah. Here we will look into the processes involved in the offshore company registration in Dubai.
If you are looking forward to creating an offshore company registration in Dubai, then you will have heard about the advantages that it espouses:
There will be complete ownership of your business
You won’t need to divulge any information about shareholders
It is quicker to incorporate
There are no public register of the directors or shareholders
Accounts can be created in different places of the UAE
There is tax exemption on corporate and income taxes.
Those companies who have successfully completed registration in Dubai would be entitled to owning properties inside of Dubai – both commercial and residential.
If you are looking forward to completing your offshore company registration in Dubai, then you will be entitled to further:
Tax Optimization
Asset Protection
Shareholder Confidentiality
If you are trying to get an offshore company registration in Dubai, then you will be able to be safe from those who want to completely watch the way you do your business. There is no tax department working in Dubai, and because of this, you will be safe from many of the problems caused by too much oversight. You will be exempt from several taxes, and also you will be able to get an account which is safe and completely secure where the laws are enforced strictly.
Usually in the process of an offshore company registration in Dubai, you will be working with a registered agent who will be able to provide you with a variety of services that will help with the registration of the company. Although the govt. will levy charges on those companies who want to get themselves an offshore company registration in Dubai, it is worth it because of the level of anonymity that you will be able to gain once you become an offshore company.
How is it done? In order for you to get an LLC registration in Dubai, you will need to get a local service agent.
There are several ways of getting a cheap company setup in UAE. However, the best way perhaps is to trust the services of a business setup services that can do what would take your enormous amount of cash and money to make it happen. These business setup services are run by those who want to help you get your business – no matter the size- started in UAE. The very best can give you a cheap company setup in UAE, wherever the location. There are plenty of advantages that you would benefit from if you were to choose business setup services for a cheap company setup in UAE.
Professionals: Face it; if you were to do the enormous amount of paper work and meetings that had to be done in order to setup your company, you would be dead tired and perhaps even in the process, might even contemplate giving up. However, with these people, it is rather different, for these are trained professionals who have profound knowledge of the business setup process and can easily navigate through the paper documents and officials to get you the registration; and in due time, without significant delay, help you form your business for real.
Versatile: These professionals have enormous experience in the field of business setup and will definitely help you setup your business. What is special about them is the fact that they can help you set your business up no matter the size of the business or what the industry type is. These business setup services in Dubai will help you with a cheap company setup in UAE; for their expertise over this field is par none and you can get experienced personnel to help you with every single stage of the business setup process.
Cost: Of course what you would be worried about is cost, and if you are looking forward to setting up your business quickly, then you would be ready to spend as much as you want. However, that might be a bad idea for you to just spend without having a plan or without any idea on what to do. Therefore, it is better that you get a business setup service in UAE to come give you a proper quotation of the cost that it will take for you to setup your business. Since there are a lot of business setup services in the city, then you can get check out the best deals that you get and choose the one that fits your budget.
These are the advantageous that you will be able to avail if you were to choose a business setup services in Dubai. With them at your side, your cheap company setup in UAE is possible.
There are several advantages that you will reap if you were to set up your business in a Dubai free zone. Dubai free zones or free trade zones are facilitating a flow of foreign investment to the regions. These are special economic zones set up for the expatriate investors. Foreign investors receive enormous benefits if they were to set up their business over here.
Dubai is seeing tremendous growth and the free zones can be seen as one of the best reasons why there has been such a tremendous growth. Because of this, several free zones now exist and they are providing jobs to the local populations and also generating great wealth for the region.
The Jebel Ali Free Zone in India is the largest of the free zones in Dubai and it is also the oldest. The Jebel Ali Free Zones can give you several advantages; mostly it is a versatile free zone and can accommodate so many different varieties of companies. It is in fact, home to 7,000 companies from across 110 countries.
Apart from Jebel Ali Free Zone, these are the major Free Zones that are there in Dubai:
Dubai Healthcare City
Dubai Internet City
Dubai Media City
Dubai Studio City
Dubai Knowledge Village
Dubai Silicon Oasis
The process to get registered in a Dubai Free Zone is rather simple and you can get it done if you were to get the right documents for the process as well as other things:
Reserving a company name
Office Premise renting
Deeds of establishment and articles of association
Get corporate bank account opened
Allocate budget for translation and notarization of costs
Secure the appropriate business license
These are the things that you would need to get your company registered.
What you are looking for is the list of advantages that you will be able to avail once you are able to get your business registered and setup in Dubai.
100% exemption from import and export duties
100% free transfer of funds
100% repatriation of profits
100% foreign ownership
No capital deposit required
Each free zone has its own set of rules that govern it, and they are also having their own unique, as you could see that these free zones are setup usually targeting a specific industry.
You will also get several other support services once you’ve established your company.
The location will have a good amount of the state of the art infrastructure that you can utilise so that you can get the perfect platform to grow and excel.
Crosslink Business Setup Group brings your corporate dreams to life by providing commendable and timely consultations regarding Company Formation, Business Set-ups, Visa Process & PRO Services that aspire to anchor your business in UAE. Our core ethics of Transparency, Efficiency and Discretion have aided hundreds of our honorary clients in conquering the essence of UAE and saved them ample time, effort and money.
Dubai is the ultimate destination of businessmen. Dubai has evolved in many ways in the last 15 years. It has now become a global city – the city of the future. The tax-free and friendly visa regime makes Dubai a better place for setup business. Because of this reasons, Dubai attracts a lot of foreign investors. One can set up a company in the mainland and as well as in Free Zones. Free Zones are special economic zones for business operations.
Crosslink Business Setup Group brings your corporate dreams to life by providing commendable and timely consultations regarding Company Formation, Business Set-ups, Visa Process & PRO Services that aspire to anchor your business in UAE.
Rakia License
with 1 Visa
A leading business destination committed to providing a pro-business environment & robust infrastructure.
Crosslink Business Setup Group brings your corporate dreams to life by providing commendable and timely consultations regarding Company Formation, Business Set-ups, Visa Process & PRO Services that aspire to anchor your business in UAE.
Setting up a business in Dubai is the wisest decision you could possibly have taken. Dubai is one of the best places in the world to set up a business. Dubai is the business hub of the world. As an open economy, it provides a gateway to the market all around the world. More importantly, geographically Dubai is a strategic place for imports and exports. It has become an important business destination for all the investors around the world.
Dubai provides a business-friendly atmosphere and allows foreign investment. Its business-friendly environment has created dynamic business opportunities. It is the first one to open economic free zones for business purpose.
Offshore Companies in Dubai
What is an offshore company and how is it different from an onshore company in Dubai? That will be the first question that comes to your mind when you hear about offshore companies. An offshore company in Dubai means a company registered in Dubai; however, all the activities of the company must be outside of Dubai. An offshore company cannot have a real office in Dubai. There is no minimum capital required for setting up an offshore company in Dubai. It is a wholly owned LLC which is tax exempt. An offshore company in Dubai does not have annual accounting and tax obligations. It is to be noted that an offshore company cannot conduct trade in UAE.
Advantages of Offshore Company in Dubai
An offshore company in Dubai is easy to setup compared to other business types. An offshore company in Dubai allows 100% foreign ownership. Even though an offshore company cannot have an office in Dubai, it can own real estate properties which are approved by the authorities. It is not necessary for an offshore company to hold a public record of its directors, shareholders, and board of members. It also ensures a high level of confidentiality and anonymity of your business. The registration of an offshore company in Dubai is faster and hassle-free.
An offshore company in Dubai can open a bank account and can support transactions. The company is exempted from income tax, corporate tax, or customs duty. The advantages of an offshore company are effective assets protection, risk management, financial confidentiality, no red tape, low registration cost, and foreign investments.
Offshore Company Registration in Dubai
The registration process for an offshore company is entirely easy and simple if supported by a qualified registered agent. The required document for registration depends on the type of shareholders – individual or corporate. To form an offshore company in Dubai, Individual shareholders have to submit their passport copy, residential proof, bank reference document, details of the shareholder, preferred name of the company to be formed and its activities and the hierarchy of beneficiaries. For corporate entities, an attested certificate of incorporation along with memorandum of association, board resolution, and parent company certificate mentioning the name of directors/shareholders, passport copies, financial record of parent company and hierarchy of beneficiaries are to be submitted.
Usually, the registration takes only 2 days. The offshore company registration can be done without visiting Dubai, however, the visit is required if you want to open a bank account. Registration of an offshore company is easily done with the help of a registered agent.
Hire Crosslink International for easy and simple offshore company registration in Dubai.
What is an offshore company and how is it different from an onshore company in Dubai? That will be the first question that comes to your mind when you hear about offshore companies. An offshore company in Dubai means a company registered in Dubai; however, all the activities of the company must be outside of Dubai.
Want to setup a business in Dubai but doesn’t know from where to start? What are the procedures involved in the business setup process in Dubai? Where will you find the infrastructure facilities in Dubai? These are some of the questions that come to your mind when you plan to start a business of your own in Dubai.
Why setting up a business in Dubai is considered best?
Have you ever wondered why Dubai is the best place for setting up business? Dubai is known as a commercially affluent destination. Dubai offers direct foreign investment, innovative expansions, financial upliftment and technologically advanced measures. Dubai offers ease of doing business and favorable business regulations than any other place. It offers an endless choice of business location. The business-friendly environment in Dubai has created dynamic business opportunities.
Dubai provides special economic zones known as free zones where certain taxes or restrictions on business, employment or trade do not apply in the same manner that they apply to the country in which the zone is located. Unlike the mainland, free zone offers 100% ownership of the enterprise.
You can setup a business in mainland or free zone according to your business activity and your choice. There are some process involved in setting up a business in Dubai. Here is everything you need to know about the process involved in business set up in Dubai.
Steps involved in Business Setup Process in Dubai
Type of Business
Before anything else, you have to decide what type of business activity you are planning to do. Everything else depends upon the type of your business activity. Trade license, business premises can be decided only after selecting the type of business that you choose.
Mainland or Free Zone
In Dubai, you can either set up a business on the mainland or in the free zone. To start a business in the mainland, you need to take a UAE national as your 51% partner. Thus, you can start your business anywhere in Dubai. If you want 100% ownership in your business, free zones are the best option for you. Mainland and the Free zone have its own advantages. It entirely depends on you to choose which option. There are more than 40 free zones in UAE.
Legal Formalities
Legal formalities for setting up business in Dubai depends on the location and type of business. Each free zone has its own rules and regulations.
Choosing Trade name
Your company trade name should tell the nature of your business activity.
Business Office
While completing the legal procedures and paperwork, you can search for an office in your preferred location. While choosing the business premises, always keep in mind regarding costs and other details. Make sure that your office facility is compatible with your business activity. In free zones, you will get assistance to find office suitable to your requirement. They will also help you to set up electricity, internet, water and other amenities.
Hiring Staffs
Each free zone has its own regulations regarding the hiring of the staffs. You have to get familiar with the rules and regulations of the place where you set up your business.
Planning to setup a business in Dubai? Hire Crosslink for easier and hassle-free business set up process in Dubai.
Budget
Of course, before you jump ahead, you need to consider whether or not, you are prepared for it financially. All costs that could happen should be taken into consideration including the licensing and the registration. You must consider that things could all go down south; therefore it is wise to have extra money in hand.
If you are an ambitious entrepreneur in Dubai, you will need to consider these points so that you can take on the process with greater clarity and foresight.
Want to setup a business in Dubai but doesn’t know from where to start? What are the procedures involved in the business setup process in Dubai? Where will you find the infrastructure facilities in Dubai? These are some of the questions that come to your mind when you plan to start a business of your own in Dubai.
