Entrepreneurs are always encouraged in the Middle East. Exponentially growing tourism and expats concentration have provided unlimited possibilities of increasing customers’ interaction. No wonder, this land, which was once a deserted place has attracted the foreign investors.
Many overseas financiers are charmed by the offshore opportunities that this stable economy has to offer. Resulting in professionals of all nationalities looking to set up business in Dubai.
The Emirates is a 100% tax-free region. This makes it a popular destination for all investors and public from around the world to start a company. The UAE is also filled with countless options for property investment. Moreover, the United Arab Emirates is accessible from all over the world with many connecting flights and huge international airports.
Types of Company Set up in Dubai
A wide choice of options are available including
- Commercial Agency Arrangements
A UAE company or national must be an appointee and agreement should be registered with Ministry
- Direct Trade
Investor is allowed to sell directly to the distributors and dealers
- Branch or Representative Office
A huge benefit of 100% ownership for foreigners but they must appoint a local agent and get license from Economic Development Department for setting up a company in Dubai
- Limited liability Company
49% of ownership is allowed and required a license for establishment
- Free Zone Investment
In these freezones including Dubai Airport Free Zone, Dubai Media City Free Zone, Dubai Multi and Commodities Centre, Dubai Investment Park, Dubai Silicon Oasis Free Zone, Jebel Ali Free Zone, Dubai Healthcare City Free Zone 100% ownership is allowed but you cannot trade directly without an agent with the local UAE market.
51% participation of UAE company or national is mandatory for all corporations except
- In Airport and Jebel Ali Free Zones
- Where law obliges local ownership of 100%
- AGCC ownership activities open to 100%
- Where partnership between AGCC and UAE national happened
- If foreigners invest in representative or branch offices for setting up a business in Dubai
- In artisan or professional companies
Set Up Company in Dubai Free Zone
- 100% ownership for foreigners
- Free export and importing
- No reporting
- Business privacy
- 100% Profit margin & repatriation of capital
- No corporate tax with renewable guarantee of 15 years
- Inexpensive energy abundance
- Higher availability of experienced and skilled workforce
Although the fundamental pricing can be lower when registering, there are underlining costs and restrictions that will become significantly higher with business growth when you decide to set up company in Dubai free zone.
UAE also provides freelancer options and Flexi desk. There is a limitation on the number of visas which can be distributed.
Free Zone Licenses
If a company get approval to operate in the free zones, following type of license could be granted
For ventures which incorporate to free zone establishment and outside the UAE
- National Industrial
For manufacturing industries which meet the condition of 51% AGCC equity and 40% value added is provided to local partner. There is no custom duty applies over products which are exported to AGCC states
Granted to firms which hold a UAE license and want to set up company in Dubai free zone
DED valid license is required or an equivalent document to get this license. Moreover, the activities must comply with the allowed operations is specified free zone
These are subjected for renewal annually.
A separate license is required if an organization plans to hold more than one of the above-mentioned categories.
What We Offer?
AMADLAW is the most reliable firm for legal enterprise services in the UAE. We make your application quick, easy and stress-free. All you have to do is submit the required documents, and we will do the rest.
Setting up a business in Dubai is a daunting process and possibly one of the most challenging events of a professional’s life. Within the United Arab Emirates many capitalists face multiple disputes and obstacles. Whether you’re enquiring about free zones, onshore or offshore we can advice in all legal assistance, licensing and market demands.
For further information, contact us at +971 4 421 6613.