Guide on Starting Your Own Business in Dubai • Dubai is now a global city and a popular trading center with westerners, because of its diverse business models driving the economy in the region. • To attract overseas investment and empower the economy, Dubai has established different zones that reward foreign citizens with attractive incentives to establish their business in the emirates. • So, if you are looking for a business setup in Dubai, then here we present you with a complete guide on starting your own business in Dubai.
Business setup in Dubai • Dubai has developed at a tremendous pace and has shifted from an oil-exporting economy to an innovation-led commercial economy. • Setting up a business in Dubai is easy and straightforward with the help of the best business setup consultants in Dubai. They help you properly throughout the process. • They give you the best advice on how to set up your business in Dubai. • They make your establishing process easy, reliable, and successful. With the guidance of specialists, you don’t require to worry about managing your business in Dubai.
Why set up a business in Dubai • Dubai allures foreign investment because of its strategic location and business-friendly government policies. • These are the two biggest driving forces behind business owners looking for a business setup in UAE.
Ease of Doing Business • If a business owner has all the documents approved, the process of company registration in Dubai would not take more than one week. • Another reason that Dubai ranks so high in ease of doing business rankings is the number of free zones that the government of the UAE has established in Dubai. • The free zones in Dubai permit 100% ownership, large tax exemptions, and complete repatriation of profits earned.
Strategic Location and Great Connectivity • Dubai has reached both the sea and one of the largest airports across the world, through which Dubai provides facilities transportation of goods between East and West. • As such, Dubai has easy access to 2.5 billion consumer markets located in the Gulf, Asia, Africa, CIS countries, and Europe.
No Taxation Policy • The oil-rich city has one of the great per-capita incomes in the world. • There are no corporate or personal income taxes here. In addition, Dubai has no restriction on the repatriation of capital and profits.
Good Investment Climate • The Dubai economy is a blend of cost, market, and environmental benefits that have to make an ideal investment climate for businesses alike. • As the matter of fact, these benefits have further cemented their status at the forefront of the dynamic and emerging market economies of the world
Types of companies in Dubai • Local and foreign entrepreneurs can select the types of companies they are interested in and register them according to the legal needs levied in Dubai. • It must be noted that these needs are slightly different for local and foreign investors coming to Dubai.
The types of companies are:
Free zone Company • Dubai free zones are the most sought-after place for international business operations. • They allure foreign direct investment because of their policies that generate employment while supporting economic reforms.
Offshore Company •Many businesses prefer to establish an offshore company in Dubai, as the income obtained from a holding company is not taxable.
Mainland Company A mainland company can carry business in the UAE but allows maximum foreign stakeholders equity capped at 49%. Mainland represents the most developed economy because it is set up directly to the legal frameworks of the government policies.
How Business setup consultants can help you The business setup consultants help investors and new entrepreneurs in doing business in Dubai, UAE through company registration in Dubai, as well as legal consulting services. The business setup consultants provide banking, visa, licensing, and other legal services according to Dubai laws. The business consultants have years of experience in this sector. They provide you the best possible services in a timely manner. The business setup consultants have the experience and resources to assist you to realize your company setup dreams without worrying about the red tape, documentation, and more. They take care of your all needs.