NOTE FOR INCORPORATING A COMPANY IN DUBAI.
As discussed, please note below the detailed
1. Introduction
Planning a new business or opening a new branch overseas is always exciting, but sometimes daunting. In Dubai we will make sure that you are given all the support and advice you need – and more.
Starting up in Dubai has never been easier, with less paperwork, more help and an online service that means you can begin trading sooner than ever.
2. Choosing Business Types and Business Activities
The first steps are to choose the business type and activities, choose the right legal form and choose the location. We guide you through each step and give expert advice on legal matters, business plans and much more besides.
2.1 Choosing Business Types and Business Activities –
Businesses fall into three categories:
a. Professional – personally offered high-value services such as management consultancy or public relations
b. Commercial – this includes any business that trades in goods or
services to the public such as retail sales
c. Industrial – this includes all manufacturing businesses or operations
involving processing goods or packaging products for sale
You must be clear on all of your business activities, as some companies will undertake several activities under one business license. To help you decide, we provide a full list on the legal Structure of some companies.
3. Choosing the Legal Form for Business
When you select a legal form for your business in Dubai, you must take into account the business type, business activities, the number and the nationality of owners and the ownership options. There is a wide range of legal forms to help you choose the one that is right for your business.
These include sole proprietorships, partnerships, branches of foreign companies and many more.
4. Choosing Business Location
Choosing the right location for a new company is one of the most important factors for success. Dubai‘s mainland and freezone options have different advantages depending on your business type and activities.
Mainland Dubai has some of the best business locations in the world ranging from Sheikh Zayed Road, the city’s main highway and Downtown Dubai, home to the world’s tallest building, to the smaller shops, and massive malls.
If you choose Dubai mainland, you will need to register with the Dubai Department of Economic Development, who will issue you with a Dubai business license.
The specialist freezones may be better suited to your business. Dubai has more than 20 freezones, including Media City, Dubai International Financial Centre, Dubai Airport Freezone and Jebel Ali Freezone, one of the largest ports in the world and home to 6,400 companies. Each freezone has its own licensing body and you need to contact them directly for the licensing process.
Whether you decide on mainland Dubai or a freezone, all businesses and their employees will pay NO business taxes or personal taxes. Whichever location you choose, Dubai is a business opportunity not to be missed.
5. Advantages that you will benefit when setting up a company in our Free Trade Zone include the following:
• 100% tax exemption, 100% foreign ownership.
• Transparent laws and regulations, 100% capital & profit expatriation.
• Strategic location with access to over 2.2 billion consumers.
• State-of-the-art communication facilities.
• Simple and fast application procedures.
• The Industrial Park and Technology Park, managed by RAKFTZ, are in close proximity
to the sea port and international airport.
• Promotion centers in Dubai and Abu Dhabi and liaison Offices in India, Turkey,
Germany and USA.
• Availability of a wide variety of executive office spaces at competitive prices within
the brand new commercial building in our Business Park.
6. Deciding Ownership Rights
Ownership rights can differ, depending on the type of business and business activities and the location of you business.
It might sound like there is a huge difference between Dubai mainland versus freezones when it comes to ownership rights.
However, business ownership and operational control are two separate matters.
In reality UAE nationals and their overseas partners can agree between themselves how profits can be shared and how business decisions are ultimately made.
This means even if overseas business owners set up their businesses
7. Place of rendering Services:
The place of rendering services generally shall be our office situated at 496B, 2nd Floor, Near KCC Classes, KasbaPeth, Pune-411011.
8. Professional Fees :
The professional fee and charges for Incorporation of companies in Free Trade Zone Area in Dubai will be discussed in meeting.
Company Formation Checklist
In order to process your license, we need the following documents:-
1. Application Form
2. Brief description of requested project.
3. Copy of passport.
4. Bank Statement – Minimum capital AED 100000(Commercial and Consultancy) /200000(General Trading License) / 500000(Industrial License)
(For New Establishment, Personal Bank Statement is required and for Branch, the Company Bank Statement of the last 3 months is required).
5. List of trade names.
6. Declaration.
Extra Help
Before anything else, you need to think through your business idea and develop a business plan that shows exactly what you want to do and how you want to do it. If you need extra help, simply contact us -02024570055 or book an appointment @ www.csladda.com
We have helped thousands of large and small business owners to set up DUBAI and would be delighted to help you too.
When you have considered all the options and made your choices, you are ready to apply for a business license.
If any query, please feel free to contact.
Thanking you and assuring best professional services.
