How to Handle the Business Registration and Dubai Company Setup Procedures in Dubai, UAE 2024
Dubai beckons entrepreneurs to leverage its burgeoning future-centric sectors. Unleash your potential to make a positive global impact by exploring Dubai company setup packages to start business in Dubai. Dubai continues to inspire and attract like-minded individuals who aspire to bring positive change to the global markets and thereby providing facilities for setting up a business in Dubai.
Dubai embraces a diverse array of businesses, with a particular emphasis on sectors such as technology, finance, tourism, and trade. Nevertheless, it is crucial to refer to the most recent guidelines, as eligibility requirements may differ based on the specific business activity and the chosen location within Dubai.
Bizvise is your one-stop solution for Business Setup in Dubai, UAE. Our expertise ensures a smooth and efficient process for the setting up and business registration in Dubai. We handle all aspects of document processing and attestation, saving you time and hassle.
Reasons for setting up a company in Dubai
- A global destination for start-ups and entrepreneurs
- 100% Ownership and Foreign Direct Ownership
- Adopting international best practices
- An attractive framework for setting up a business in Dubai
- Adaptive and Agile Regulations
- Collaborates with business leaders and innovators to start business in Dubai
- Dubai is home to more than 30 economic free zones
- The cost of setting up business in Dubai free zone varies based on which free zone, type of licence, the business activity, office space selection for registered business address and number of visa allocations and its issuance cost
- Aiming for sustainable, diverse and productive green economy
- Its City of Visionary plans and innovation
- Its Global gateway connecting west and east for trade. A strategic location
- An Aviation Hub Within an eight-hour flight or less
- The Top trading partner China India USA Saudi Arabia and Africa
- A Logistics Hub
- Cutting-edge infrastructure,
- Drive toward digital economy
- The Dubai Economic Agenda ‘D33’ seeks to firmly establish Dubai as one of the top 3 cities to invest, live and work in.
- Manufacturing Agenda
- Dubai's Future Economic Corridors 2033 with Africa, Latin America and Southeast Asia
- Launching "Sandbox Dubai" to allow testing and marketing of new products and technologies, to make Dubai a major hub for incubating innovations.
- Tax-free policies
- Low-cost set up and renewal structures
- Ten-year Golden Residence Visa category for investors, entrepreneurs, exceptional talents, scientists and professionals, outstanding students and graduates
What are the advantages of setting up a business in Dubai?
- Access to a broad international market
- State-of-the-art infrastructure and tax exemptions, and a
- Supportive environment.
- Unparalleled access to various global markets.
Steps required to register a business in Dubai, UAE.
- Choose a business structure
- select a business name
- Apply for business license
- Obtain initial approvals
- Complete the necessary legal paperwork to ensure security.
Where to setup your company in Dubai
When setting up a company in Dubai, the first major decision you have to make is where to start your business in Dubai, within one of its free zones, or on the “mainland”.
It is critical to make an informed decision on corporate jurisdiction and to comprehend about mainland and free zone. Areas outside the free zones are managed by the Dubai Department of Economy & Tourism (DET). Businesses on the mainland must pay a 5% Value Added Tax (VAT) and a 9% Corporate Tax if their profits surpass AED 375,000 (USD 100,000). The benefit is that there is no income tax on the mainland for businesses. In Dubai's mainland, businesses are required to have a physical workspace with a minimum size of 100 sq. ft. and above
There are no restrictions on the number of visas that can be obtained in a company established on the mainland, as long as they adhere to regulatory frameworks regarding the size of the premise and the business activity, as well as obtaining an Emirates ID for shareholders, employees, and dependents, and opening a business and personal bank account. Once your company has its licence, whether in mainland or a free zone, it must make an Ultimate Beneficial Owners (UBO) declaration, to disclose who controls the company. This is part of the UAE’s commitment to prevent money-laundering, and improve financial transparency.
At Bizvise, we understand the significance of choosing the right location for your venture, and Dubai stands out as an ideal destination. Our Dubai company setup packages are designed to cater to the diverse needs of entrepreneurs, ensuring a seamless and efficient process. Whether you are a startup looking to establish a presence or an established business seeking to expand. Bizvise offers tailored solutions that encompass the entire spectrum of company formation requirements in Dubai.
When you partner with Bizvise to start your business in Dubai, you gain access to expertise that transcends traditional consultancy. Our team is dedicated to guiding you through every step of the process, ensuring that your company setup aligns with your goals and complies with local regulations. Our Dubai company setup packages not only simplify the complexities of starting a business but also offer the flexibility to choose services that best suit your unique requirements
Legal Requirements for Business Registration in Dubai
Obtaining the relevant licenses, complying with local laws and regulations, assuring suitable visa status for foreign enterprises, and meeting sector-specific compliance are all legal requirements in Dubai.
Essential Documents Required for Business Registration in UAE
The standard documentation for company registration in Dubai usually includes
- A photocopy of the passport,
- Residence visa,
- A No Objection Certificate (NOC) from the sponsor (if applicable),
- A business plan
What is the cost of business setup in Dubai?
The business setup cost in Dubai, UAE, depends on the type of business, location, and licensing requirements. It can range from a few thousand to tens of thousands of AED.
Emiratisation
Emiratisation, a fundamental initiative in the United Arab Emirates (UAE), is a strategic workforce nationalization program aimed at increasing the participation of Emiratis in various sectors, fostering economic growth, and promoting a skilled local workforce. For businesses considering setting up a company in Dubai, understanding and aligning with Emiratisation policies is crucial.
Mainland enterprises must have at least 2% Emirati employees in their skilled workforce and follow rules for recruiting, hiring, and onboarding Emiratis.
This means:
For 0-50 skilled workers, hire at least one Emirati employee For more than 50 up to 100 skilled workers, the goal is to recruit a minimum of two UAE national employees
When establishing your company in Dubai and navigating the business setup procedures, it's imperative to engage the expertise of a seasoned corporate service provider (CSP) such as Bizvise Business Setup. We specialize in offering comprehensive Dubai company setup packages, guiding you through the legal foundations and ensuring compliance with relevant legislation.
At Bizvise, we streamline the process of obtaining an APT license in Dubai and the UAE, leveraging our team's in-depth understanding of both business and legal procedures associated with setting up a company.
As a prominent business consultant in Dubai, we go beyond the standard offerings, providing tailored and effective business solutions that align with your unique requirements and contribute significantly to your business growth.
For those looking to start a business in Dubai, Bizvise offers not just a service but a partnership that ensures the right license selection for your venture. Reach out to us now, and let's embark on the journey of setting up your business in Dubai together.