Registering a Company in Dubai

Registering a Company in Dubai: Starting Business in Dubai? Business Setup & Formation in Dubai Made Easy!

Starters may find Dubai to be among the few places present on Earth, where initiating any business can prove to be a tedious task. As per the survey of World Bank, Dubai ranks the 33rd spot of easiest places for starting business, due to its low rankings. Hence, we can very safely state that initiating any business in the city can be a challenging task, especially if you have been planning for the very first time.

The reason cited is because of government bureaucracy which requires businesses present in the city to follow stringent measures for qualifying. In case, you desire to have a startup in the city, then given below are few legal terms and facts that you need to be well acquainted with prior to getting started.

Dubai Business type

Generally, business in Dubai is of two categories and can be established within the Dubai Free Zones, viz.:

Free Zone Company: They are considered to be businesses that are owned 100% by the person establishing it. There is no need to have an agent or a sponsor for managing the venture by acting as a liaison. No restriction is present that will tie you down.

• SAIF ZONE COMPANY FORMATION
• DUBAI SOUTH COMPANY FORMATION
• SHARJAH MEDIA CITY COMPANY FORMATION
• FUJAIRAH FREE ZONE COMPANY
• DUBAI AIRPORT FREEZONE COMPANY
• DUBAI SILICON OASIS COMPANY FORMATION
• SHARJAH MEDIA CITY FREE ZONE
• DMCC COMPANY REGISTRATION
• GOLD & DIAMOND PARK COMPANY
• DUBAI SOUTH COMPANY FORMATION
• WORLD TRADE CENTRE COMPANY FORMATION
• DUBAI INTERNET CITY COMPANY FORMATION
• DUBAI DESIGN DISTRICT COMPANY SETUP
• DUBAI CAR & AUTOMOTIVE COMPANY SETUP
• DUBAI BIOTECH RESEARCH PARK
• DUBAI ACADEMIC CITY BUSINESS SETUP
• RAK FREE ZONE BUSINESS SETUP
• AJMAN FREE ZONE MEDIA CITY
• IFZA FREE ZONE FORMATION

Some benefits offered in Dubai Free Zones

• 0% Tax
• 100% Ownership
• 100% Secrecy Maintained
• It is possible to open up a bank account in the city
• Only a single person can form a business
• Can hold properties
• Can perform multiple activities
• Can get liquidated at any point of time
• Less renewal charges

Offshore Company: Such company type of registration in Dubai refers to any business, which operates outside its boundaries. For instance, a business operating in Switzerland can open up similar enterprise within the UAE.

Some benefits offered in Dubai Offshore Company

Basically, offshore possibility is established to cater to those establishments requiring to have regional ‘tax relief invoicing facility’. Also minimum capital will not be required including any need to establish actual office facility. Keeping with the latest international standards off-shore regulations are issued. Hence, companies are required to register minimum of one director for a company, to issue professional auditing company annual financial audit report that is free zone approved and to maintain financial records. Annual general meetings (also possible by proxy) are to be held by each company, to act and perform as normal company.

Company regulations are created to conform strictly to the latest anti-money laundering measurements.

Moreover, local companies are to deal with the following

• Accountants, legal consultants, management companies, etc. that carries out business in the UAE.
• If the offshore company decides to conduct other business or trade elsewhere in the UAE or in the zone, there is a genuine need to obtain necessary licenses for conducting other business activities or the trade from competent authorities.
• Any bank within the UAE to conduct routine operational transactions.

Capital: There is not required any minimum capital. But the starting recommendation is minimum (US $2,000) AED 10,000.

Our experienced business advisors over the years are helping to establish new businesses in Dubai and do understand better the ins & outs. You can get the desired advice and suggestions from our helpful experts and can gain from their expertise to set up your type of business. you can rely upon the professionals, especially those who can be dependent upon to offer appropriate sound advice which can be trusted. The legal framework of your company is something crucial to be dealt with correctly.

How you can gain from trusting Black Swan BSS?

• Consultancy & Advice: The type of corporate structure which best suits your future and current plans.
• Assemble files, draft documents and manage submissions, legalizations, notarizations and translations.
• Work permit & Visa processing using Emirates ID.
• Seek approvals from Dept. of Civil Defense & Planning Ministries and the Free Zone Department.
• Partnership options for Dubai Offshore Company, Branch Office and Professional.
• Open up corporate bank accounts.

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Originally posted 2021-09-29 06:45:51.