Business Setup in Dubai, UAE

When it comes to business setup in Dubai, the first thing that you need to decide is whether your company will be located on the mainland or in a free zone. If it is intended to be set up as an onshore or mainland company, you may need a Local Sponsor. This is mandatory in all matters of company formation in UAE, and a good business setup consultant can help you out with this part.

There are around 2,100 different commercial activities listed by the Department of Economy and Tourism, and a Local Sponsor is not needed for about 1,200 of them.

The Local Sponsor needs to be an Emirati (this is the term used to address an UAE national, someone who is a citizen of the United Arab Emirates) who has attained the age of 21. It could also be a company incorporated in the United Arab Emirates that is 100% owned by Emiratis. According to UAE law, the Local Sponsor (also referred to as Local Partner) must own 51% of the shares in the company. He/She will legally represent the company before all Government agencies.

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So you need someone with experience in company registration in UAE. A company formation expert who has specific experience in business setup in Dubai can put you in touch with the right Local Sponsor for your business. It is to be noted that the Local Partner owning 51% of the shares in the company does not mean he/she will take home 51% of the profits. Things work differently in the UAE. The Local Partner could be compensated for his/her services on a monthly / quarterly/ half-yearly / annual basis, or he/she could take a percentage of the sales.

Alternatively, you could set up your company in a free zone. Free zones are established with specific objectives in mind, and have dedicated infrastructure for the same purpose.

Company Registration in Dubai

If you are a solo entrepreneur (in other words, there is only one business owner), the company has to be incorporated as a Sole Establishment. This is the same as a Proprietorship Firm. If you have a business partner, or more than one, it is recommended that you set up your company as a Limited Liability Company or LLC. The minimum number of owners required for a Limited Liability Company is two and the maximum number is 50. If there are more than 50 shareholders, then you have to register the company as a Private Limited Company.

Only limited liability company structures are allowed in free zones. Not all business activities can be undertaken in free zones, so a consultant specializing in business setup in UAE can help you determine which location – the mainland or a free zone – can be best for your business, as well as advise you on the right company structure for your business.

Need Professional Assistance with Company Registration in Dubai?

The team of experts at FlyBiz have years of experience in company formation in UAE. They can be expected to lend their expertise to everything connected to business setup in UAE. They come from an array of diverse backgrounds such as Legal, Financial, and Management; and so willingly advise you on the right course of approach for company setup in Dubai. For new business setup in Dubai, they can be counted on to assist you all the documentation and the filing process, so that your company registration in Dubai happens smoothly.

If you are looking at options for low cost business setup in Dubai, then FlyBiz is the right business setup company in Dubai for you. They can help you with business formation in Dubai. So for all your needs pertaining to new company setup in Dubai, FlyBiz can ensure that company formation in Dubai is a hassle-free affair. You need not think of any other business setup consultant for availing of business setup services in Dubai.

How much does it cost to set up a company in Dubai?

There are a lot of variables, such as the type of company to be incorporated, the type of Business License applied for, and the number of visas. A business setup consultant can help you determine the exact costs of company setup in Dubai for your business.

How much does it cost to set up a company in Dubai freezone?

There are around 30 free zones in Dubai. The costs of setting up a company varies by free zone. This has to do with the fact there can be up to 50 shareholders in a company, and they would all be eligible for a visa. The visa application fees have to be paid separately for each individual, including employees for whom work visas are applied. And then there are the office rental costs – the rental charges are not uniform across free zones. You also have the option to choose anything from single desk in a co-working space to a large enclosed office, so charges apply accordingly.

What are the benefits of Dubai company formation?

When you set up your business in Dubai, it provides you with the opportunity to do business in Dubai and the rest of the United Arab Emirates. It is also possible to do business across the GCC region with your Dubai-based company. A company registered in Dubai also permits you to enter into Government contracts.

How can I start business in Dubai?

You need to first register a company. Keep in mind that there are restrictions on how you can name your company, such as no religious terms being allowed. You also have to apply for a Business License for your commercial establishment, for which you need to rent office space in advance and show that as the registered address of your company.

How do I set up a company in Dubai?

One of the simplest ways of setting up a company would be to choose a free zone. Companies registered in free zones do not require finding a Local Sponsor – it is the Free Zone Authority which operates the free zone that acts as the Local Sponsor. You only need select a name for your business, identify from a list of permitted commercial activities what your company will be into, and apply for a corresponding Business License. Once your company is registered and your Business License duly granted, you are ready to commence operations.

How long does it take to set up a company in Dubai?

An application needs to be submitted to the Department of Economic Development, Dubai for registration of your company as well as grant of a Business License. This is not a time-consuming exercise, and there have been instances where the company was incorporated and the Business License granted in 24 hours. However, for this to happen, it is imperative that all the paperwork be in order beforehand.

What business can I start in Dubai?

You could open a restaurant, a freight forwarding / cargo clearing business, a cleaning company (there is a lot of demand for housekeeping services), a web development company, a construction company, or a transport company. All these are in highly sought after in Dubai.

What is the best business to start in Dubai?

Some of the best businesses in Dubai include import-export, e-commerce, healthcare, real estate, and Information Technology.

What is the best small business to start in Dubai?

Some of the best small businesses in Dubai are professional consulting, beauty and wellness, graphics design, social media management, copywriting, bookkeeping and accounting.

How can I start a business without money in UAE?

There are a number of low-cost business ideas such as professional tutoring, pet sitting, website development, social media management, e-commerce, and consulting.

What is the most profitable business in Dubai?

Some of the most profitable businesses in Dubai are construction, real estate, travel and tourism, e-commerce, healthcare, and professional consultancy services.

Who are the best business setup consultants in Dubai, UAE?

One of the best business setup companies in Dubai is FlyBiz, which has offices through the United Arab Emirates. They are backed by a team of lawyers, financial professionals, and management experts to deliver best-in-class solutions when it comes to business setup in Dubai mainland as well as business setup in Dubai freezone.

FAQ

What is the minimum capital required for Dubai South LLC business setup?

To set up a LLC company in Dubai South, you need AED 300k and it may change with time.

Do we need a local sponsor for business setup in Dubai South?

No, we don’t need a local sponsor since it’s a free zone and Dubai south provides 100% ownership to the entrepreneurs.

Can a single business get multiple licenses in Dubai South?

Yes, if the company is involved in different business activities, then you need the concerned license to operate in the free zone.

What is the time required for company setup in Dubai South free zone?

It takes less than a week to start your company in the freezone. Approach business setup consultants to speed up the process!