Establishing a Business Setup in Dubai/UAE is easy by following the Future Vision step by step method. We can help you begin your business in the UAE with a seasoned way to get you going quickly. Based on our decades of experience, we can guide you through the laws, how to obtain permits and licenses, unravel management concepts and assist you in identifying the best business plan to meet your objectives.
When you’re looking to establish your own business in Dubai, you will be aware of the following essential points that are worth considering:
Free Zone
If you’re seeking complete control of your Business Setup in Dubai/UAE, you should consider applying for a license and a place in one of the free zones in Dubai. The Dubai government created the concept of free zones to attract foreign investment to establish companies within the city. It’s a distinct economic zone where business owners enjoy various benefits, including zero tax advantages.
Offshore
Offshore businesses can also be registered as free zones and enjoy the same advantages. But, it’s not an alternative to the free zone business. The primary distinction between a free zone Company and an Offshore Company is running the business. Offshore businesses are permitted to conduct business outside the UAE but not inside. They are also not required to pay for the minimum capital deposit before incorporation.
Types of Licence
In addition to deciding on a zone and zone, you’ll also have to decide on the kind of license required. The Department of Economic Development (DED) is responsible for issuing licenses. There are three types of claims you could apply for:
- Commercial license
- Industrial license
- Professional
Find out about UAE rules for setting up your business.
The next step to take when beginning a Business Setup in Dubai/UAE as an ex-pat is choosing an appropriate location. It is possible to establish your business in one of the areas on the UAE mainland or within one of the free zones. If you already have a thriving firm elsewhere, you can also consider the possibility of incorporating your Company in the UAE and the registration of an offshore business.
How long will it take to start a new business in the UAE/Dubai?
The time duration varies depending on factors, including the jurisdiction and the need for approvals from relevant authorities.
- Typically, establishing a Company occurs following the time the trade license is granted, which takes about 3 to 5 days for a non-free zone and about ten days for mainland-based business.
- Obtaining a visa and residency in Dubai/UAE for investors generally takes approximately two weeks.
- Opening a bank account for a Company typically takes two weeks and three months.
Conclusion
Contact Future Vision to help businesses Setup in Dubai/UAE, the world’s most prestigious Free Trade Zone and center of global commodities trading. We’ll help you through every step in establishing the perfect business Setup in Dubai/UAE. Our professionals will take note of your concerns, provide advice on the most effective strategies and oversee the whole process for you.
