Create your business in Dubai and succeed in 2021
When considering setting up your business in Dubai or the United Arab Emirates (UAE), there are a few basic things to consider. The UAE is made up of seven emirates and each has its own set of rules and regulations for setting up a business. Setting up a business in Dubai therefore differs from setting up a business in Abu Dhabi , although federal laws apply throughout the country. There are also different ways to register a business in each emirate.
Create on- and offshore companies in Dubai
In Dubai, you can set up an offshore or onshore company in one of the free trade zones. Setting up a business in Dubai is however also possible outside such an area, if one can get a local sponsor when setting up. Another key factor in setting up a business in Dubai is to determine the exact form of activity or service that the company wishes to guarantee.
Things to consider before setting up your business in Dubai.
There are many questions that need to be answered in order to start a business in Dubai . If you want to start a business in Dubai, you don’t have to reside in Dubai. This is not necessary as the general manager of a new company.
But the general manager must apply for a permanent residence permit, a so-called residence visa, after the establishment. In addition, he must stay in the United Arab Emirates at least once every six months so that the residence permit does not lose its validity.
The cost of setting up a business in Dubai depends on the location chosen to found the business, its purpose and its legal form. It must be calculated with office rental fees, interpreter fees for creation documents, license fees and legalization fees. Most office rental and license fees are annual expenses. When setting up a business outside of a free trade zone, you also need to calculate sponsorship fees.
Create only with an office in Dubai
It is not possible to start a business in Dubai without renting an office. Because office space is a prerequisite for starting a business. Also, your home address cannot be used as a business address for the company. Depending on the licensing authority, different types of office space are available.
Individual workspaces are available in open-air offices. There are also the state-of-the-art and fully developed offices. There are unfinished office spaces that you can still design yourself. Depending on the location and the commercial space, it is possible to rent the rooms, and also to buy them if you want to start a business in Dubai.
The right license for every business
For each paid activity and service, a license is required in Dubai , this license must include the services provided by the company. The duration of such a license is in most cases twelve months. And it must always be extended by twelve months before the deadline expires.
Business inside and outside free zones
Setting up a business in Dubai is possible inside and outside a free trade zone. Establishment in such a commercial zone offers the foreign entrepreneur the advantage that he can own 100%. This is not possible outside free trade zones.