Setup Your Company in Dubai Today
There are a lot of challenges involved with setting up a new business – especially if it is in a new city or country. This is especially true of company formation in Dubai and the UAE, as there may be steps involved that you are not yet familiar with.
As a foreign investor, you have the option to set up a mainland business or free zone company. There are benefits to both depending on the type of business you own and the type of audience you want to target.
At Start Business Advisory, we simplify the process so you can make fast and informed decisions that support your registration. Whether you register as a mainland or offshore company, we take care of all the administrative and technical aspects, guiding you through every stage of the registration so your new venture can be up and running in no time at all.
What are the benefits of registering a company in the UAE?
- Our Strategy
Select a business activity
Getting you the best advise
We’ll help you choose the business activity and visa requirements that are most suitable for you.
Register your company name
Our team carry out relevant checks to ensure your company name is valid for registration and offer guidance for any changes required.
Complete incorporation paperwork
Doing the admin for you
All relevant registration documentation is gathered and checked before submission, with ongoing management and communication with the government.
Immigration card application
Being your support
For visa trade license packages, we will manage the process of applying for your immigration card.
Being your support
There are a few different visas you can apply for, including residential, family or investor, and we can help you choose the right one and guide you at every stage.
Corporate bank account
Being your support
Once you have a company licence, we can work with you to open a corporate bank account for your business.
- Frequently asked questions
To set up a business in the UAE, you will generally need to follow these steps:
a. Choose the type of business entity: Options include mainland company, free zone company, or offshore company. Each has different requirements and benefits.
b. Select a business name: Ensure it complies with the naming guidelines and is available for registration.
c. Find a local sponsor or partner: Depending on the business type, you may need a UAE national as a sponsor or partner.
d. Secure the necessary licenses: Obtain the required licenses and permits from the relevant government authorities.
e. Register the business: Complete the registration process with the Department of Economic Development (DED) or the relevant free zone authority.
f. Lease an office space: Provide proof of a physical address where your business will operate.
g. Open a corporate bank account: Deposit the required share capital and open a bank account in the UAE.
Yes, foreigners can own businesses in the UAE. However, the ownership structure and restrictions depend on the location of the business:
a. Mainland Company: In mainland UAE, a local sponsor or partner, who must be a UAE national, is required. The local partner typically holds a 51% share, while the foreign investor holds the remaining 49%.
b. Free Zone Company: Free zones allow 100% foreign ownership, with no requirement for a local sponsor or partner. However, these companies are limited to operating within the free zone or outside the UAE.
c. Offshore Company: Offshore companies are typically used for international operations and do not allow local UAE business activities. They also offer 100% foreign ownership.
The costs of setting up a business in the UAE vary depending on the business type, location, and specific requirements. Here are some common expenses to consider:
a. License fees: These vary based on the type of license and business activity.
b. Registration fees: These include company registration fees with the relevant authority.
c. Office space: The cost of leasing office space depends on the location, size, and type of premises.
d. Visa fees: If you plan to have employees, you will need to factor in the costs of employee visas.
e. Sponsorship fees: If setting up a mainland company, you may need to pay an annual sponsorship fee to your local sponsor or partner.
Free zones in the UAE offer several benefits for businesses, including:
a. 100% foreign ownership: Free zones allow full ownership by foreign investors without the need for a local sponsor or partner.
b. Tax advantages: Free zones typically provide tax exemptions on corporate and personal income taxes for a specific period.
c. Customs privileges: Companies in free zones enjoy customs duty exemptions for importing and exporting goods.
d. Simplified procedures: The setup process in free zones is streamlined, with fewer bureaucratic hurdles and faster registration times.
e. Infrastructure and facilities: Free zones provide state-of-the-art infrastructure, office spaces, warehouses, and logistics facilities.
f. Repatriation of profits: Companies can repatriate 100% of their capital and profits outside the free zone without restrictions.
The time required to set up a business in the UAE varies depending on the type of business and the specific requirements. Generally, the process can take anywhere from a few days to several weeks.