For business setup in UAE, Eagle Wings is a one stop shop for all the entrepreneurs looking to expand business in the most vibrant, social and well-suited place. From budget, business goals, operations, office space to visa quota and any other business requirements, we analyze deeply at all and offer you the best package for your business setup in UAE or Dubai.
Dubai is one of the leading and affluent cities of the world and is a melting pot of cultures. The city is the commercial and cultural hub of the UAE with a population of approx 1.1 million people and is considered as the world’s busiest airport with 80 flights per hour.
The city is a hot bed for opportunities, world class infrastructure, and most importantly – business opportunities. Dubai is a cosmopolitan and global city, home to over 2.2 million people with vast cultural influences from the Middle East, Africa, Europe and Asia. The majority of expatriates from a variety of countries choose to stay in Dubai because of the city’s world-class employment, leisure, and shopping possibilities.
A total of 817,000 (2017) new businesses were registered in UAE last year which made it the fifth largest hub in the world in terms of new business registration. From startups to large organizations, Dubai offers a wide range of business opportunities.
Entrepreneurs from all around the world call Dubai home. Year after year, more foreign investors and businesses travel to the emirate to take advantage of its favorable business climate.
Dubai now permits foreigners to hold 100% of their businesses in most situations, in addition to a 0% tax rate, a key worldwide location, and a straightforward incorporation procedure. A transformation that only took place in the last few years.
This, combined with the introduction of long-term visas, has established Dubai’s status as the ideal place for international businesspeople.
While it does not have to be difficult, starting a business in Dubai does necessitate some local expertise. Continue reading to learn how to start a business in Dubai.
Structure of the company
The type of company you want to start as a foreigner in Dubai is one of the first decisions you’ll need to make. Various elements, such as the type of your firm, its aim, and its operational characteristics, will influence this. You have to choose the option from the two corporate structures.
Limited Liability Corporation (LLC) – This is a type of business entity that This organizational structure, often known as an LLC, provides for the formation of a corporation with a minimum of two and a maximum of 50 shareholders. This is the most popular structure in Dubai since it facilitates local and international import/export and trading activity. It also facilitates the processing of visa and immigration documents for those who require them.
You can open a business on the mainland or in one of Dubai’s several free zones. If you’re a foreigner, setup a business in Dubai, you might be wondering what the difference is between mainland and free zones.
Mainland – Running a business in Dubai Mainland gives you the option of trading both locally and globally. The procedure of forming a business is very organized. Furthermore, you can obtain a company license in as little as one day.
Free zones – Starting a business in a free zone is very inexpensive and advantageous for new firms. Jebel Ali Free Zone (JAFZA), Dubai Airport Free Zone (DAFZA), Dubai Media City, Dubai Silicon Oasis, and Dubai International Financial Centre are some of the most well-known free zones in Dubai (DIFC).
Business License in Dubai
In Dubai, there are numerous sorts of business licenses, the most common of which are commercial, industrial, professional and Tourism.
Commercial – This license is required to perform any trading business in Dubai, as the name implies.
Professional – This license is awarded to any business that provides services.
Industrial – This license is required for any manufacturing or packaging related activity.
Tourism – In this situation, not only the Department of Economic Development, but also the Department of Tourism and Commerce Marketing assess the firm establishment (DTCM). This business license is issued by the latter.
> Choose your business activity.
> Determine which jurisdiction is ideal for your business.
> Complete the legal structure of your company. You can form a single proprietorship, an LLC, or a branch of a foreign corporation.
> Obtain approval for your trade name
> Obtain the necessary trade license. You can get a professional, commercial, industrial, or tourism license in Dubai depending on the nature of your firm.
> Register your business
> Write the Articles of Association
> Rent a work space (if required)
> Prepare your tenancy agreement, commonly known as an ejari.
> Get your business’s initial approval.
> Obtain your trade license and begin operating your business.
We believe that there are many entrepreneurs who are eager to setup business in UAE or Dubai. Our team at Eagle Wings is the right place to consult and strategize with. We are more than willing to help in creating business plans and executing them, from concept to execution, from user experience to marketing strategy. Eagle Wings is a full-fledged solutions provider to the aspiring entrepreneur and business owner looking to set up a business in UAE.
To get free consultation call us on +971 524200436 or you can email at info@eaglewingsuae.com
Visit our website http://eaglewings.ae/