Can I open my own company in Dubai?

Dubai is one of the places on Earth where foreign investors feel most welcome. Over the past few years, the emirate has made it easier than ever for business people from all over the world to do business in the UAE.

Foreign businesses can take advantage of the UAE’s 0% tax rate on both business and personal income, and in most situations, they are now also free to keep 100% of their business ownership. The long-term visa is another new development that lets foreigners stay in the UAE for longer periods of time and maybe even retire here at the conclusion of their careers.

With the correct help, it’s so easy to start a business in the UAE that people who don’t live there may do it and run it from anywhere in the globe.

Read on to learn how the specialists at Business Incorporation Zone (Black Swan) can help you get your business up and running, no matter where you are. Blackswan BSS can help you in step by step for open a company in Dubai.

You will be Interested on : Open Your Company in UAE

Can a non-resident start a business in Dubai?

Most of the time, the answer is yes. Depending on the type of business you want to create, your nationality, and the country where you file your taxes, there may be some restrictions.

In some situations, you may require a local sponsor who will own 51% of your business. But they don’t have any say in making decisions and are paid a set amount for their work.

As a non-resident, you can take advantage of the UAE’s 0% tax rate on business income. Whether or not you can take advantage of this rate on your personal income depends on where you pay taxes. After a short talk, Black Swan can give advice.

You will be Interested on : Benefits of Starting a Business in the UAE

Types of business licenses in Dubai

Foreigners who want to start a business in Dubai can get one of two popular types of business licenses. The first one is for the mainland. With this license, you can start a business anywhere on the UAE’s mainland.

But if you are not a resident, you may need to trade with the help of a local sponsor, as explained above.

You might also start out in a free zone. This is usually the easiest and least expensive option for a foreigner or someone who doesn’t live in the UAE to start a business there.

Depending on the free zone, you may not have to pay any customs duty, there may be no limits on money, and there may be no business tax.

You will be Interested on : Business incorporation Dubai

Five steps to starting a business in Dubai as a foreigner or non-resident

Work with Blackswan

Even though the procedure is meant to be easy, there is some paperwork to do when setting up in Dubai, especially if you are not a resident. At this point, the best thing to do is to work with a local expert like Black Swan. Before you start your application, we can check to make sure that all of your paperwork is correct and in order.

Choose your business activities

The type of business you want to run will determine how you set up your company and what kind of license you need. For example, if your company is industrial or produces goods, you will need an industrial license. If you are in the business of buying and selling items, which is commercial, you will need a commercial license.

Free zone or continental

After a short meeting, the Black Swan team can tell you if a free zone or the mainland is the ideal place for your business. There is no easy answer to this issue; it depends on your personal situation and the kind of business you want to create.

Choose a company name

Naming a business is done a little differently in Dubai than it is in the rest of the world. Basically, you have to follow a specific set of rules on how to name things.

Apply for your license

Now comes the most important step: getting a business license.

If you want to start a business on the mainland, you should apply to the right organisation, like the Dubai Department of Economic Development (DED). If you want to set up in a free zone, you can go straight to the people in charge.

Documents required to start a business in Dubai

Whether you are establishing a business in a free zone or on the mainland, you will usually need to provide the following:

• A form that has been filled out
• Articles of organisation (if necessary)
• All stockholders need copies of their passports.
• A short description of how the business will work

Keep reading : Company Registration in Dubai

Dubai company formation costs

The easiest method to figure out how much it will cost to start a business in the UAE is to talk to the professionals at Black Swan about your needs. Then we can provide you with a detailed, tailored quote.

Keep reading : Company Formation in Dubai

Start your business in Dubai with Black Swan

This advice should have made it clear that setting up a business as a foreigner or non-resident doesn’t have to be too hard if you know what to do.

Still, you do need to know something about how the process works. Also, it’s vital to keep in mind that the application procedure is easy only if your license application is complete and error-free when you send it in.

When starting a new company in the UAE, it’s a good idea to engage with a Dubai business setup expert like Business Incorporation Zone to make sure this happens.

We are a group of company registration experts who are passionate about making the aspirations of entrepreneurs and small and medium-sized businesses come true.

As well as taking care of your license application, Black Swan can also help you open business bank accounts and give you advice on the best financial institution for your needs.

We also help with visas and immigration. If you want to do business in the UAE, we can take care of all the government paperwork, approvals, work permits, and visa applications you need.

In summary, our professionals can set up your company, apply for your licenses and visas, and take care of any other paperwork that has to be done, so you can focus on running your business.

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