Always have a written document on sponsorship with your local sponsor. Dubai is home to some reputed and global brands when it comes to bank and you can choose between Emirates NBD, Abu Dhabi Commercial Bank, HSBC, Citibank and Barclays depending on your preference. For example, if your business is into import and export, it makes sense to have your business based out of a freezone in the airport or the seaport. However, before jumping into starting your business, let us look at some of the factors you need to consider when registering and starting your business in Dubai. Due the ongoing COVID-19 pandemic, lot of my friends lost thier jobs in Dubai and have been thinking about starting a business in Dubai. Adam Global’s experienced consultants provide valuable insights and strategic planning for your business expansion, empowering you to make informed decisions for sustainable growth. An offshore company must engage a registered agent who will act as an intermediary between the company and the free zone authorities.

The Dubai real estate industry is one of the highest-yielding real estate markets globally, standing ahead of markets like London and New York. In this article, we cover everything you need to know about setting up a real estate business in Dubai. If you’re seeking the most budget-friendly general trading license in the UAE, consider the SPC Free Zone. The list of documents can differ depending on the type of legal entity and intended activity. Collect the trade licence and key to the hand-picked office solution after signing the lease agreement and move into your premises. The cost for these additional approvals approvals can range from Dh10,000 to Dh30,000. If you want to know more about other forms of business licences, however, like sole proprietorship or a free zone company, read our guides hereand here.

Why Kiltons Business Setup Services for Starting an E-commerce Business in Dubai?

If the non-individual parent company is based outside the UAE, attestation of all documents is required at the UAE embassy. In an FZE company formation, the director and shareholder can be the same person. Once you have completed our online form, you will be contacted by our sales team to further verify your application. Each facility available on offer in Jafza is designed to meet the specific needs of a range of activities. In this blog, we’ll take a closer look at how much it will cost to set up and run your business in Dubai by breaking down the expected expenditure before or after your company is set up.

How to Start A Business in Dubai: Step-by-Step Guide

As a guide, a license package in Fujairah Creative City, inclusive of one visa application and use of the free zone’s co-working facility costs just AED 24,775. After a short consultation, the BIZ team can advise on the best location for your business – free zone or mainland. There is no simple answer to this question; it will depend on your individual circumstances, as well as the type of business you wish to start. In some cases, you may need to work with a local sponsor who will hold a 51% stake in your business. Read more about business setup in Dubai here. However, they are not involved in decision making and are paid a pre-agreed fee for their services. Not only can foreign businesspeople take advantage of the UAE’s 0% tax rate on corporate and personal income, but they are also now free to retain 100% business ownership in most cases. Other recent changes include the long-term visa which allows foreigners to stay in the UAE for extended periods and potentially retire here at the end of their career.

An FZCO has a legal personality distinct from that of its shareholders and has the capacity, rights and privileges of a person. Over the years, DMCC has worked hard to create a seamless company set up process, making it easy and fast for businesses to set up their presence in Dubai. It only takes a matter of 2-4 weeks for your company to be fully up and running, of which, half the process can be done remotely. The cost of a free zone license in Dubai varies based on the type of license you need. These licenses, like Trading, Service, and Industrial, usually need to be renewed every one to three years. Typically, they can range from AED 10,000 to AED 50,000 per year, but the exact price depends on your specific license and the Free Zone you choose. Names cannot be offensive, contain religious references, or reference well-known organizations.

b). Single License for Multiple Goods:

Adam Global acts as your trusted liaison, handling all pro services and government-related matters on your behalf. If your business involves import/export activities or operates in the logistics and supply chain sector, you will need to obtain approvals from Dubai Customs. Secure a physical office space and obtain a tenancy contract, which is a prerequisite for business registration. Choose between setting up your business in a mainland area or a free zone based on your business requirements, target market, and industry. A Branch Office is ideal for foreign companies looking to establish a presence in Dubai without full independence. Branches are considered extensions of the parent company and must engage in similar activities. An LLC is a popular choice for those seeking local partnerships and limited liability protection.