Dubai has emerged as a highly sought-after financial destination for business entities across the globe. Given its centralised location, it plays a pivotal role in the growth of companies in the MENA region. It also provides unfettered access to countries in Europe and Asia. The federal laws of the United Arab Emirates are designed specifically to be conducive to business setup in Dubai and the rest of the UAE. This is why Dubai is the best option for people dreaming of starting their company in the UAE.
The emirate of Dubai is already being viewed as futuristic and well-developed. It has an exceptional infrastructure that defies belief and investor-friendly policies that promote a welcoming environment for business setup in UAE. Its regulations are such that they guarantee profitable returns and cause businesses to prosper. Hence, it has led to a steady influx of business owners establishing their base of operations in Dubai.
Mainland vs. Free Zone Business Setup
Once the decision has been made to start your company in Dubai, the next step is to figure out the jurisdiction of your company. The UAE offers business setup in Mainland, any of its 40+ free zones as well as offshore company formation. Depending on which business activities you wish to conduct in the UAE, investors can choose the location that best suits them.
Mainland businesses in the UAE fall under the direct supervision of the Department of Economic Development and have the economic freedom to conduct business anywhere within and outside of the country. On the other hand, free zones are industry specific economic zones that act as autonomous entities. In the UAE, both Mainland and Free Zone companies enjoy 100% business ownership by expats.
With the implementation of Corporate Tax in UAE, companies are gravitating more towards free zones as they are exempt from paying Corporate Tax. However, free zone entities are still required to register for Corporate Tax in UAE.
Steps to Start your Business in Dubai, UAE
Book a Free Consultation with the Shuraa Experts The first step to business setup in Dubai is to book your free consultation with the corporate advisors at Shuraa Business Setup. As the best business setup consultants in Dubai, we are always available to meet in-person or via call. Share the details of your business activities, number of shareholders, office space needs so that we can create custom packages for your company.
Choose the Ideal Business Location Let Shuraa be your guide when it comes to selecting where to setup business in Dubai. Find the perfect jurisdiction, whether it’s UAE mainland, top freezones or offshore setup. Get 100% ownership of your business no matter where you choose to start. Get tailor-made cost-effective solutions for your company formation in Dubai, only with Shuraa Business Setup
License ApplicationIt is important to have all your documents in order when starting your business in Dubai. Our corporate advisors will help you fill out your application form, get your Memorandum of Association, Company Incorporation Certificate and other important documents and submit it to the concerned government authorities.
Visa and Emirates ID Processing Entrepreneurs in the UAE will need residency visas for themselves, their dependents, partners, employees and more. Shuraa helps you with all visa applications as well as getting you to your medical appointments and Emirates IDs. Our dedicated team of PROs (UAE Public Relations Officers) and drivers will take care of all your appointments and ensure your presence at all necessary locations.
Business Banking Assistance Once all the steps mentioned are taken, the final process is to get a corporate bank account set up for your business. This is an essential step as you cannot carry out transactions for your business without a bank account in the UAE. Shuraa has strategic partnerships with leading national, international And digital banks to provide you seamless and hassle-free account formation.