Business Setup in Dubai
Choosing the right jurisdiction is the most critical first step. For businesses aiming to trade directly within the local UAE market or engage with government projects, the mainland is the ideal choice. While this option often requires a local sponsor or service agent and may have foreign ownership limits in certain sectors, it provides unparalleled access to the local economy. In contrast, free zones are perfect for international trade, offering complete foreign ownership, full repatriation of capital and profits, and exemptions from import and export duties. Finally, the offshore option is best suited for those seeking to hold assets or conduct international business without needing a physical presence on the ground.
Once the jurisdiction is selected, you'll need to define your company's legal structure. Common choices include a Sole Proprietorship, Civil Company, or a Limited Liability Company (LLC). Following this, securing the correct licensing is essential, which is granted by the relevant authority, such as the Department of Economic Development (DED) or a specific Free Zone Authority. The next stage involves gathering and submitting all necessary documentation and approvals, including a business plan and passport copies. For a smooth transition, the process also includes visa and immigration assistance for investors, partners, and employees, as well as their families. For mainland companies, the local sponsorship process can also be facilitated by a service agency, ensuring a secure and compliant arrangement.
By carefully navigating these key stages—from selecting the right jurisdiction to securing the necessary licenses and visas—entrepreneurs can lay a strong foundation for a thriving business in Dubai's dynamic market.
Key Features:
- Jurisdiction Selection: Choosing the right jurisdiction is crucial.
- Mainland: Offers the freedom to trade directly with the local UAE market and undertake government projects. Requires a local sponsor or service agent, with foreign ownership limits in some sectors
- Free Zones: Provide 100% foreign ownership, full repatriation of capital and profits, and exemptions from import and export duties. Ideal for businesses focused on international trade.
- Offshore: Suited for businesses seeking to hold assets or conduct international business without an onshore physical presence.
- Legal Structure: Common legal structures include Sole Proprietorship, Civil Company, LLC (Limited Liability Company), and Public Joint Stock Company.
- Licensing: Businesses require a license from the relevant authority, such as the Department of Economic Development (DED) for mainland companies or a specific Free Zone Authority.
- Documentation and Approvals: This involves preparing and submitting legal documents, including a business plan, passport copies, and a no-objection certificate (NOC) from the current employer if applicable.
- Visa and Immigration: Assistance with processing visas for investors, partners, and employees, including family visas.
- Local Sponsorship: For mainland companies, a local sponsor (UAE national) is required. The agency can facilitate this process, ensuring a secure and compliant arrangement.
