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Entrepreneurs across the globe who are planning to expand business in Dubai and bring their ideas into reality must follow a few simple steps. There are certain steps and regulations every company should follow for a company set up and company registration, authorities are making the process hassle-free.
Investors in Dubai can start and register two types of companies in Dubai i.e. there are two distinct areas to start the company based on their nature of business & requirements.
Setting up a company in Dubai Mainland: While registering a company in the mainland the foreign investors need to have a local partner/sponsor as 100% foreign ownership is not allowed.
Dubai Economic Free Zone: In the free zone, foreign investors have complete ownership of their companies.
If you are planning to set up your company in the mainland in Dubai for trading unrestrictedly within and outside the UAE. We, at ARC Associates a leading business setup company in Dubai, will save your time and money as we are familiar with every stage that a company will go through for business setup. We at ARC Associates help you to open a company in Dubai without hassle so that you can start your business in Dubai right away.
Department of Economic Development (DED) is the authorized regulatory body for issuing a license for a company in Mainland. The Expat investor with a maximum of 49% of shares and 51% shares of a local sponsor of the company can trade anywhere in UAE & GCC, it has less startup cost and full access to the UAE market. This is the reason the LLC company is the common choice of new entrepreneurs.
Steps:
Selection of business Activity
Choosing the legal status of a company
Choosing a trading name & applying for an initial approval certificate
Preparing legal documents
Choosing Business location
Obtaining the license
Types of companies in Mainland:
Sole proprietorship
Civil Company
Single Person-Limited Liability
Private Shareholding Company
Public Shareholding Company
Limited Liability company
Simple Limited Liability Partnership
Partnership Company
Branch of a Foreign Company
Branch of Dubai Based Company
Branch of GCC based Company
SME License
The offshore company is a legal business entity that is set up by individuals or corporate bodies with the intention of operating outside its registered jurisdiction which does not carry out any substantial business activity in its country of origin. In other words, it is also known as a non-resident company without office space in the UAE. Offshore companies have the provision of cutting down or eliminating different types of Taxes. This type of company is normally used for tax benefits in Dubai’s free trade zones, under certain conditions. For instance, such a company must keep the financial record and the annual general meetings and need to consider the audit requirements in Dubai.
The offshore company has its own regulations, requirements, and restrictions. Certain prefix like Ltd. Inc. etc. is added in the company trade name.
Company set up in Dubai free zone is very easy and beneficial where foreign investors can set up business effortlessly. One can start two types of companies in a free zone in Dubai either Free zone establishment (FZE) or Free Zone Company (FZCO) & branch companies. Every free zone has its own sets of rules and regulations and advantages. Every investor can choose the free zone that best suits their requirements.
Free zones in Dubai:
If you are planning to start a business in Dubai and need help in selecting the right type of legal entity for your business, our experts in Dubai can give you detailed information about each type of business and whether or not it is suited for your business field or activity and help you to choose the right type of company based on your requirements to start the business.