Business Set-up & Company Formation in Dubai and the UAE
With you throughout the process
Want to set up your business in Dubai? Well, you’ve landed in the right place! The Virtual Office takes immense pride in being one of the most renowned and trustworthy business setup services in Dubai.
As you can imagine, business setup in Dubai or business setup in the United Arab Emirates (UAE) for that matter can be hectic and exhaustive. The numerous formalities, umpteen legalities, countless visits to Government Authorities, and many such obligations can be a hurdle to your entrepreneurial venture. But with us, you can kick start your business quickly and smartly.
Why Setup Business in Dubai?
As the commercial capital of the UAE, Dubai offers countless business opportunities and is a favorite among companies all over the world for its location and liberal corporate taxes.
Why you should consider Dubai for your business:
- Gain maximum international exposure through Dubai’s strategic location (and home to many prominent companies and corporations in the world)
- Investor-friendly government laws supporting businesses (For instance, expats in Dubai can start a business in less than a month)
- Get unmatched tax benefits in Dubai (low customs duties with many exemptions, 100% repatriation of capital and profits, and much more)
- Investment based perks (The Government of Dubai, and UAE, offers several support services and access to investment opportunities to foreign investors)
Why you should consider Dubai for your business:
- Gain maximum international exposure through Dubai’s strategic location (and home to many prominent companies and corporations in the world)
- Investor-friendly government laws supporting businesses (For instance, expats in Dubai can start a business in less than a month)
- Get unmatched tax benefits in Dubai (low customs duties with many exemptions, 100% repatriation of capital and profits, and much more)
- Investment based perks (The Government of Dubai, and UAE, offers several support services and access to investment opportunities to foreign investors)
Steps to start a business in Dubai
- Determine the Type of Business
- Determine the business activities
- Clarity on Ownership (need a local license or can get 100 per cent ownership
- Get a clear legal structure of your business (based on location and type)
- Secure a Trade Name
- Create a Memorandum of Association
- Apply for entry into the Commercial register
- Acquire a Trade License and other Approvals
- Register with Dubai Chamber of Commerce and Industry
- Determine the Type of Business
Depending on the type of business, take your pick from –
- Sole Proprietorship
- General Partnership
- Partnership-en-Commendams
- Limited Liability Company
- Joint Venture Company
- Public Shareholding Company
- Private Shareholding Company
- Professional Company
- Determine the business activities
Based on your business goals, you will be required to determine a business activity, which will further help you in deciding the business jurisdiction you choose.
- Clarity on Ownership
As a foreign national, you will have two alternatives –
- Take 100% ownership of the business and operate in one of the 45 Free Zones in UAE
- Obtain a Local Licence from the Department of Economic Development (DED) and operate locally. Please keep in mind that the DED license often entails certain restrictions on ownership share for foreign nationals, and hence you may have to include a native UAE sponsor or a partner for this licence.
- Get a clear legal structure of your business
On the basis of the location of your business, as well as its type you can choose to create a standalone company or open your business as a branch of the parent company. Of course, you must understand that each free zone comes with its own restrictions, which would need due diligence pertaining to the company structure.
- Secure a Trade Name
You will be required to choose a trading name that is not in use by any other enterprise and submit the same along with a registration application to the DED (Department of Economic Development).
- Create a Memorandum of Association
Your MoA draft will carry the details of the shareholders as well as of your company, complete with minimum share capital. You will be required to get it notarized in the DED.
- Acquire a Trade License and other Approvals
This is by far the most uphill task, considering the sheer number of documents you ought to submit. Then again, you will be required to get the relevant approvals from the analogous Ministry/Department. This is where having an expert business setup company in Dubai such as ours by your side can prove to be of immense help. After all, documentation and dealing with the company register in a foreign land is best handled by someone who knows the task inside out!
- Register with Dubai Chamber of Commerce and Industry
It is mandatory for all commercial and industrial businesses, except small trading outfits or professionals, in Dubai to get registered with the Dubai Chamber of Commerce & Industry (DCCI). In order to register, you will be required to complete and submit application form for membership, and pay the stipulated annual fee. After formal registration, you will then be entitled to import and export goods in Dubai.
Striving To Exceed Your Expectation With Our Experience & Expertise
Why Choose Virtual Office for Business Setup in Dubai?
Simply put, we make the seemingly taxing task of setting up a new business in Dubai easy for you. Our business setup services in Dubai include:
Consultation on the corporate structure that best suits your business needs and goals
- Drafting the requisite documents, managing submissions and assisting end-to-end services about notarisations and legalisations
- Processing visa and work permit applications
- Availing partnership alternatives for Professional, Branch Office and Dubai Offshore Company
- Assistingin various aspects related to applications and approvals from Economic Department, Ministries, Department of Planning and Civil Defence
- Setting up Company Bank Accounts