Business Setup in Dubai Free Zones: How To Guide
We assure you of committed and dedicated support during the setting up and commencement of operations of your e-commerce business platform. The real estate business in Dubai, UAE is a sought-after one, with intense competitiveness in the market for investor license all year round.
Each form of business organization has its merits and demerits, contingent upon your business activity, expansion plans, and long-term vision. However, with evolving laws and policies, understanding the best fit for your needs requires up-to-date information. In order to understand how to start a business in Dubai, you need to understand and choose the appropriate business structure for you. The absence of personal income tax and lower corporate tax in most industries plus exemption in certain cases allows businesses to reinvest their profits, fueling further expansion and development. Additionally, the UAE’s double taxation treaties with several countries offer a strategic advantage for international companies. For details read our blog post about corporate tax exemptions in Dubai. In most cases, foreign businesses in the mainland require a local service agent or sponsor, but they do not have ownership rights in the business.
Why Kiltons Business Setup Services for Starting an E-commerce Business in Dubai?
This will be communicated by the sales and registration team in person or via email. If the Shareholder, Manager, Director or Secretary has an existing residence visa in UAE, then a No Objection letter on the company letterhead duly signed by the Local Sponsor must be included. Know your customer form to be filled in and submitted along with the application form. You will find a sample template of this on page 22 of the application form. Jafza is among the world’s best locations to establish your business and see it grow. Deciding on a name for your business is difficult no matter where in the world you choose to set up. Alternatively, there are also many broader free zone options available.
With an international business climate and a stable currency that is pegged to the US dollar, the United Arab Emirates offers one of the best avenues for growth. Complete all the relevant forms, pay any application fees required, sign the relevant documents and send them to the right offices. With DMCC’s investments in creating the perfect incubator for your e-commerce business, it comes with a plethora of ecosystem services to give your business the extra push it needs to thrive. We are a team of company registration professionals who are passionate about bringing the dreams of aspiring entrepreneurs and SMEs to life. Though there may be conditions depending on the type of business you wish to start, your nationality, and the country of your tax residence.
Your business activity/activities
Beyond its strategic location and tax incentives, Dubai’s business-friendly policies lay a strong foundation for prosperity. The government’s commitment to ease of doing business is evident through streamlined registration processes, reduced bureaucracy, and a transparent legal system. The establishment of various Free Zones catering to specific industries further facilitates business setup for foreign investors, offering 100% foreign ownership and customs benefits.
Make your license application
In 1985, Dubai launched Jebel Ali Free Zone Authority as the first free zone in the UAE and the Middle East. The small operation opened with only 19 companies, but within a decade became the first free zone in the world to be awarded ISO certification. Read more about business setup in UAE here. The JAFZA success story became the blueprint for several free zones, each offering strategic benefits and advantages.
Hopefully, this guide has made clear that if you’re armed with the right knowledge, setting your business as a foreigner or non-resident doesn’t have to be overly complex. However, with so many variables involved when starting any new business, it is difficult to estimate the exact price without the full picture. If you are setting up in the mainland you should make you application to the relevant body such as the Dubai Department of Economic Development .
For a fully owned LLC in the mainland, you would need to keep a budget of at least this amount for the set up and registration process. He added that companies wishing to set up a branch office in the UAE, for example, would need to complete many more documentation procedures, compared to when a business is being set up by an individual. From starting a sole establishment to a small LLC, there are multiple ways in which you could embark on your journey towards entrepreneurship. If the non-individual parent company is based outside the UAE, attestation of all documents is required at the UAE embassy. In an FZE company formation, the director and shareholder can be the same person. Once you have completed our online form, you will be contacted by our sales team to further verify your application.
MBG Corporate Services is one of the leading firms helping investors in Dubai and abroad to set up their dream business in the industry of their choice. We have a huge and prestigious blue chip client base around the world that depends on our services. The Dubai real estate industry is one of the highest-yielding real estate markets globally, standing ahead of markets like London and New York. In this article, we cover everything you need to know about setting up a real estate business in Dubai. If you’re seeking the most budget-friendly general trading license in the UAE, consider the SPC Free Zone. The list of documents can differ depending on the type of legal entity and intended activity. Collect the trade licence and key to the hand-picked office solution after signing the lease agreement and move into your premises.