Dubai Company Setup in 10 Questions
- written by Dayslegal
- Oct 12, 2022
- 2 min read
Is Dubai good for starting a business?
Starting a business in Dubai can surely be an exciting endeavor, that makes Dubai the best city for business startups in the world. Dubai is distinguished as a commercially affluent destination offering direct foreign investment, innovative expansions, financial upliftment and technologically advanced measures.
Can foreigner set up business in Dubai?
Yes, a foreigner can start a business in Dubai, and many do. The local population is over 80% expatriate, with many of those owning their own businesses. Dubai actively welcomes investors and business owners from overseas.
Which is the most common type of corporate entity in Dubai, UAE?
A Limited Liability Company.
What are the benefits of setting up a company in the Free Zones of UAE?
You can have 100% ownership, be exempted from paying taxes and import-export duties (in some free zones), etc.
What are the advantages of setting up a business in the UAE mainland?
You can trade freely from anywhere, your business scope becomes wider, you can get affordable rental office space, etc.
How long can you stay in Dubai on business?
To be eligible, applicants must run a business in Dubai or other emirates or have successful entrepreneurial experience. Such visas can be valid for 2, 3, 5, or 10 years, and holders can reside in the UAE for the entire period. Before receiving any residence visa, an applicant must obtain an electronic entry permit.
How much is Dubai LLC fee?
The cost of registering your limited liability company in Dubai ranges from AED 20,000 to 30,000. However, the fees vary depending on the industry type and services. The investor visa cost is between AED 4,000 to AED 5,500. Depending on the category of employee you hire, the fee is between AED 5,000 and AED 7,000.
What is the cheapest business Licence in UAE?
The cheapest Free Zone in Dubai is IFZA (International Free Zone Authority). IFZA offers a low cost company license in Dubai without visas at a cost of AED 11,900. This is the cheap and best Dubai free zone license offer in 2023.
Is UAE tax free for business?
Business set up in the UAE mainland will be subjected to a certain amount of taxes, although free zones in Dubai, such as Meydan Free Zone allow 0% corporate and personal tax to be levied upon business profits.
What is the difference between Freezone and LLC in Dubai?
The main difference between mainland and Free Zone companies is that a Free Zone company cannot conduct its operation outside its jurisdiction without the support of a local agent whereas a mainland company can freely operate its business activities anywhere in UAE.
