Why Setup a Business in Dubai?
Setting up a Business in the UAE could not be any easier whether you are a Local or Foreigner.
Mkb Business Management Services ensures they take care of the full process of business setup by using their full comprehensive understanding of what your options are before choosing where and how to establish your company in the UAE. Mkb provides all the services that will be required to initially setup your Business as well as lead it to success.
There are 4 steps to setting up a Business in Dubai.
| Step 1 | Step 2 | Step 3 | Step 4 |
| Company Name Registration | Acquiring a Business License | Visa Process Completion | Opening Bank Account |
Those wanting to start a business especially foreign investors in the UAE can choose to register their company in the following Licenses;
Which is an onshore company license by the Department of Economic Development (DED) of the related emirate which is allowed to do business in the local market as well as outside the UAE.
Which is a self-regulated area within an Emirate. The benefit of a Free Zone is that foreign investors can retain 100% ownership of their businesses without the need for a local partner.
Offshore company is simply a company that is incorporated in a country overseas in a foreign jurisdiction.
Mkb Business Management Services ensures they take care of the full process of business setup by using their full comprehensive understanding of what your options are before choosing where and how to establish your company in the UAE. Mkb Business Management Services provides all the services that will be required to initially setup your Business as well as lead it to success.
During the last 3 decades, Dubai has grown at tremendous speed and shifted from an oil-exporting economy to an innovation-led business economy. Dubai has become the first choice of all the business owners and foreign investors. There are multiple reasons for this choice.
Primarily, Dubai attracts foreign investment due to its strategic location and business-friendly government policies. These are the two biggest driving forces behind business owners wanting to set up their business in Dubai. Moreover, an open economy and sector-oriented free zones compel entrepreneurs to invest their fortune and set up a company in Dubai.
Setting up a business in the U.A.E is simple and straightforward. Perhaps, this is why U.A.E has earned 16th place on the Ease of Doing Business rankings issued by the World Bank. If a business owner has all the documents approved, setting up a business in Dubai will not take more than 1 week. Another reason that U.A.E ranks so high in Ease of Doing Business rankings is the number of free zones that the U.A.E government has established in Dubai. The free zones in Dubai allow 100% foreign ownership, complete repatriation of profits earned, and large tax exemptions.
The government and regulatory bodies do little interference in the activities of the private sector in Dubai. There are zero taxes on personal income. Dubai has a free-trade economy. It has insignificant import duties in place. As far as labor policies are concerned, Dubai has imposed liberal labor policies. This allows companies in Dubai to hire an employee from anywhere in the world regardless of their nationality. Moreover, Dubai has implemented strict measures to end fraud and money laundering. This allows foreign investors to invest in a clean place with little worries.
Dubai holds significant importance due to its highly modernize infrastructure in the entire world. There are numerous free zones in Dubai of international standards. A world-class airport and modern seaports that handle thousands of passengers daily. Moreover, Dubai has a modern and vast network of highways that allow easy travel. The reliable telecommunication infrastructure, uninterrupted power supply and loads of amenities are enough to attract business owners from all around the world and set up their company in Dubai.
Dubai is located at a strategic location. It is at the center of Africa and the Commonwealth of Independent States (CIS). Dubai falls at the center between the Far East and Europe. More than 85 airlines are operating in Dubai at the moment. These airlines fly passengers to more than 130 destinations globally. Moreover, Dubai is connected by more than 120 shipping lines. To put it simply, Dubai is the most easily accessible location from anywhere around the world.
Cost of Setting up a Business in Dubai:
A major factor that entrepreneurs need to consider is the total cost of setting up their business in Dubai. You need to have a realistic calculation in mind to enable you to plan effectively. Having a clear cost break up will also save you many undesirable overhead and expenses.
As discussed above, there are two areas in Dubai to set up businesses. The cost of both of these locations varies considerably. Other factors that affect costs are:
- The type of business license you obtain
- The type of business you set up/ company you form (LLC, FZE)
Other charges for LLC formation in Dubai may include:
- Rental charges for setting up an LLC in Dubai
- The fee paid to the Department of Economic Development
- The fee to acquire a mainland trade license
- Administrative fee
- One-time Contracting license fee
- Fee for a real estate broker
Other charges depend upon the type of company formation. For LLC companies, you may have to incur investor visa charges and employee visa fees as well.