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How to Set Up a Business in Dubai
If you are looking for solutions for business setup in Dubai, you have come to the right place. At A&A Associate LLC, we can be counted on for everything related to company formation in Dubai and also its operations.
Why Dubai?
The Al Maktoum family, which still rules Dubai, has been at the forefront of enabling business in the emirate. From developing world-class infrastructure to creating a favorable business climate, they still do their best to position Dubai as a global destination for everything, taking advantage of the opportunity presented.
There is so much you could do that you can literally choose what you want to do and specialize in that field.
Choose Your Business Activity
Select Your Location
There are usually three locations for you to choose from – the mainland, a free zone, or offshore.
What You Need to Know About the Jurisdiction and Scope of Your Business Activity
Some businesses, such as banking, finance, or investment, can be carried out only in the mainland. Some businesses can indeed be set up in a free zone, but free zone companies cannot operate on the mainland.
It is not that you are absolutely forbidden from operating on the mainland – you just have to pay an additional 5% VAT, whereas operating only in your free zone makes it effectively tax-free.
Why Choose a Business Setup Services Provider?
We understand figuring it out can be confusing, and that is why we are here to help. We will help you determine which location would be ideal for your proposed business activity. Even if you just wanted to set up a holding company to own and manage assets, we would be able to tell you that an offshore company makes sense because it offers tax advantages and easy repatriation of capital invested.
Let Us Help You Find the Right Office Space For Your Business
We can even inform you of options for low cost business setup in Dubai, such as how operating out of shared office space can help you keep costs down.
For example, at In5, a business incubator in Dubai, it costs only AED 1000 for the Business License and another AED 1000 every month for a co-working desk, with no fees being payable for the visa during the first year.
Establish Your Company
You can be 100% owner of your company in a free zone. But on the mainland, you are required by law to have a Local Sponsor, who will own 51% of the company. But not to worry, being the majority owner of the business does not mean the Local Sponsor runs the company – he/she can sign over a Power-of-Attorney document to you, putting you firmly in charge of your company. The Local Sponsor (also called Local Partner) does not take 51% of your profits either. He/She can be compensated for his services, which include legally representing you before all Government agencies, on a monthly / quarterly / half-yearly / annual basis.
Get the Right Local Sponsor for Your Company
If you choose to set up your company on the mainland, we can help you find the right Local Sponsor for your business. The Local Sponsor needs to be an Emirati (this is the term used to refer to UAE nationals or those who are citizens of the United Arab Emirates) or a company incorporated in the United Arab Emirates that is 100% owned by Emiratis. The Local Sponsor’s name needs to be on the company formation documents, and we can be of assistance when it comes to company formation in UAE.
In case you are a professional who wishes to set up a Professional Company, such as a doctor opening his/her clinic, a lawyer establishing his/her law practice, an engineer launching an engineering consultancy firm, or something along those lines, then what you need is a Local Service Agent. We can still put you in touch with the right Local Service Agent for your company.
Get Your Trade Name Approved
Part of the business setup process also includes deciding on a name for your commercial establishment. We can run a search for you to see if the name you have in mind has already been registered, and also tell you of the rules when it comes to nomenclature. You can’t start the name of your company with terms like ‘Global’ or ‘International’. Or have the name of a country or city anywhere in your name. There are also restrictions on where initials can be placed. First names can be used only if it matches the first name of one of the shareholders. Banking on our expertise with company registration in UAE, we can inform you of all these and more.
Get a License to Do Business in the UAE
There is also the question of securing a Business License for your concern. We have years of experience with business formation in Dubai and help you lodge an application with the right authorities, after ensuring that all the paperwork is in order.
Make Sure You Choose an Experienced Company Formation Specialist
Even after you have registered your company and obtained your Business License, we continue to support you, such as by offering legal assistance if you ever find yourself in need. We also offer cost-effective accounting and audit solutions for your company, as it is a mandatory requirement that companies on the mainland have to be audited every year. In case you plan to foray into a new market, we help you with a Feasibility Study so that you can assess whether it would be the right decision for you or not.
We can provide you with a Feasibility Study even before your start your business in Dubai so that you do not lose any money in the venture. This is how committed we are to your success.
Why A&A Associate LLC for Business Setup in UAE?
For new business setup in Dubai, having someone experienced in company setup in Dubai by your side could prove to be an immense advantage. This is where we come into the picture. We have helped clients from 100 countries worldwide with new company setup in Dubai and they still speak highly of us even today. So for all your needs pertaining to company registration in Dubai, you can count on us.
