While 100% foreign ownership was traditionally restricted, Dubai now allows full ownership of businesses in certain free zones, which are designated areas with their own regulations and incentives. However, for mainland companies, local sponsorship is usually required, with the local sponsor owning a minimum of 51% of the shares.

The laws of the land in the UAE have been prepared considering ease of investment. The authority carries out the procedures and legal formalities in a quick manner. Hence, you do not have to wait too long for commencing your business operations in Dubai/ UAE.

Dubai welcomes investors with open hands. One of the most developed cities in the world, business in Dubai offers unparalleled possibilities. The tax regulations, legalities and other official norms are formulated in such a manner to support the investors. The extremely well developed and planned infrastructure gives you ample possibilities to prosper.

The visa requirements will depend on the type of business formation.

• A mainland company will require a resident visa for the management and other responsible members. Then only you can recruit employees to your company.
• The size of the Free Zone company will be evaluated by the governmental agencies prior to issuing a visa for its staff.
• An offshore establishment holder does not need a resident visa.

When it comes to starting a business in UAE Mainland or Freezone, you should know the approving authority, business setup cost, licensing procedure, and the rules and regulations of these jurisdictions. It is preferable to get in touch with our business setup consultants in Dubai for expert guidance.

To start a business in Dubai you need to obtain a business licence . There are three types of business licences. Mainland, Free Zone and Offshore. The procedure for each type of licence differs.

Primarily business set up in Dubai involves the following-

• Initial approval from the competent authority, for initiation of the business.
• Legal and official approval from the authority after thorough verification of the documents. This includes the investor’s identity, qualifications, resident status, financial stability and so on.
• The authorities will also ascertain the feasibility of the business by examining the official and commercial space, AOA and MOA, the basic structure of the organisation etc.

Yes. In fact, Dubai promotes open trading with 75% of products imported are tax exempted. It also gives tax-free operations for Free Zone companies. The trade policy exclusively developed for supporting businesses is conducive for the growth of small firms also.

The cost of company formation in Dubai is determined by factors such as the registration fee for the business, the initial approval cost, visa applications, the cost of registering a trade name, the cost of acquiring office space, and other commercial activities.

The cost of business setup in Dubai depends on several factors, including business operations, licence type, location, and more. Contact the best business consultants in Dubai to help you set up your business in a cost-effective way.