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Business Setup in Dubai - DXB Setup

Dubai is well recognised city and emirate in the United Arab Emirates. Setting up your business in Dubai will give you ultimate reputation.

Before business setup in Dubai you need to have an idea about how you are going to work and where are you going to work. If you are looking for setting up a business in Dubai you need to understand the difference between the Mainland, free zone and offshore company setup. You need to take care of all the legal documents, Visa process, bank accounts and many more but the most important is where to set up a business in Dubai.

This article is going to help you in deciding about the ideal location for you and your company so that you can get the maximum benefits with less investment.

MAINLAND COMPANY FORMATION IN DUBAI

What is the idea behind mainland company formation in Dubai?

Dubai mainland is the geographical location which was specified by the department of economic development and is known as onshore companies. These companies have the right to perform business activities inside and outside the UAE without any kind of restriction.

These are considered as the most developed business entities and are regulated by legal structure and the government policies. Under the Mainland commercialised area, the UAE national holds 51% of the total equity, which is a mandatory step if you want to set up your business in Mainland Dubai.

Benefits

  • You won’t have any limitations in visas.
  • You will easily find office spaces; in fact, you have the flexibility to rent office space anywhere.
  • You have the freedom to do business with the local market in any part of the UAE.

Some ideal locations are:

Bur Dubai

It is the oldest commercial space in Dubai and is situated in the centre of the city. You will find many small and medium enterprises which deal in services of gold trader spices trade and textile trade. The neighbouring area to this place is the home of various arts galleries and restaurants.

Yes, this place is ancient but is equipped with all the modern techniques and technology and provides all the modern facilities.

Bay business

Bay business provides you with the best business environment and gives a major contribution to economic development. It is spread over a square 46.9 million square feet. It provides you with diverse opportunities.

Sheikh Zayad Road

Due to its proximity too many amenities as well as its connectivity to seven emirates makes this place the best commercial hub in the world with an amazing infrastructure, and commercial setup. It well connects all the houses and business setups. This is the place where not only brands stay but there are many global corporate and business ventures as well.

Al Quoz

Al Quoz is the ideal spot for manufacturing industries; it is separated into four zones warehouses, factories, storage houses, and business units. This zone is flourished with educational centres, medical centres, hospitals, shopping hubs, restaurants, retail stores.

This region is quite close to Jebel Airport and Dubai International Airport and this has opened various trades’ options in the region. It is also located close to the centre part of the Dubai which makes it easily accessible.

DUBAI FREE ZONE COMPANY FORMATION

What is the idea behind free zone company formation in Dubai?

Do you have any idea that free zone company formation only takes three days!!

But it is not the only benefit that free zone offers; flexible office desk and space, freehold property, investors privacy, trade free duty, no taxation are some other perks of setting up a business in this space.

Dubai has more than 20 free zones. Just keep in mind with free zones you can do business internationally but not within the country.

Jebel Ali free zone

Jebel Ali Free zone is also known as JAFZA which is the first famous free zone in the Middle East. Its proximity to Jebel Ali port and International Airport makes it one of the most preferred locations. The added factor to this spot is the proposed AL Maktoum airport is going to come close to the JAFZA, which is easily accessible from the Dubai metro. All these factors make this place an ideal location for trading, import and export.

Dubai Airport free zone

DAZFZA is a classic location for transport, import, export, and logistics companies. This place offers around the clock clearance services and quick cargo service.

Sharjah free zone

There are more than 37 free zones in Sharjah and this place is easily accessible to the seaports of the Gulf of Oman and Arabian Gulf. The best part about this place is that it offers a creative and innovative approach and opportunities in the media and technology sector. If you want to get Sharjah free zone license you need to decide what kind of business activity are you going to do. You can get there mainly three types of license which are Trading license, Commercial license, and professional license.

There are the legal frameworks, liberal economic policies and business-friendly company laws. They offer affordable land and labour and incentives to small and medium enterprises, huge earning potential, tax the exemption, world-class infrastructure, liberal government policies and tax exemption.

Rak free zone

RAK or RAKEZ or Ras Al Khaimah is an industrial and powerhouse business hub established by the or Ras Al Khaimah supports start-ups, entrepreneurs, SMEs and industrialist with their business set up requirements. It is one of the cheapest zones in the UAE. This place in houses 14500 companies from more than 100 countries covering over 50 industries.

Ajman free zone

Ajman is the cheapest free zone in the area and is one of the best. This place encourages investing capital and provides the best suitable climate for investment, general policies and providing, single-window clearance, cheap energy to businesses, and no corporate texts.

AFZA help investors to set up business and trade with 100% foreign ownership and no taxation, it provides flexible investment. Ajman media city was launched in 2018 and offers a wider and inexpensive range of small company licensing to media-related business and works independently.

If you have a company in Ajman you can hold an account in a bank in UAE, 100% legal exemption from all export and import duties, it allows you to own an office, and do business in UAE, exemption from the final report submission and audit no personal income tax, no hidden fees or charges, low labour cost, bank and postal services and 24 hours security services.

Silicon free zone

Silicon oasis offers free trade zone incentives and benefits to companies which operate in the tech sector. It promotes industries based on modern technology, state business. This commercial space has a capacity of 97747 sq. metres. It has a range of residential and lifestyle facilities from school to hospitals, universities to the community sector. It offers different business facilities like offices, multi-use warehousing and manufacturing, land for development, conference facilities, etc.

Fujairah free zone

Accessibility, connectivity, and economy make this place one of the most preferred locations of free zones. Be its connectivity to port or airport, it is easily accessible to Gulf Post, India, Iran and Red sea. Their services are stretched from North America, Europe, the Far East, and the Mediterranean. This place has over 200 companies set up majorly being information, technology, textiles, recycling, gold, plastic, trading, etc.

You have single-window clearance system, 100% tax exemption, common customer duty facilities, no recruitment restrictions, the best infrastructures and warehouses.

Offshore Company formation in Dubai

What is the idea behind offshore company?

The offshore company formation is the method in which the company is operated or managed from outside the country in which it is registered or outside of the country in which owners and shareholders have residence.

Benefits of Offshore Company

  • You can make business decisions that benefit you and your organisation without worrying about the geographical location.
  • It can help you save money as the tax is lower.
  • It offers privacy, especially if your company is located in Panama or Belize which has very high privacy terms and conditions.
  • The availability of many free zones areas in the UAE.

JAFZA

JAFZA created in 1985 is an area surrounded by Jebel Ali Port, which is one of the biggest shipping ports and gives you some amazing benefits of free zones. In 2003, JAFZA launched the offshore company structure.

Some of the major highlights of this place are:

  • You are required to have a minimum one shareholder (corporate shareholder not permitted) and company documents well attested.
  • Minimum two corporate directors are required (corporate director not permitted).
  • The company should have a secretary; a company director can act as a secretary as well.
  • The company is required to keep accounting records for 10 years from the date of preparation.

Benefits of offshore company

Here, you can have 100% ownership and you are not required to have a local share holder

  • The authorities do allow Offshore Companies to hold the shares of both Free Zone and Onshore (LLC) Companies.
  • The offshore company can have multiple bank accounts.
  • You are allowed not to disclose the names of shareholders. directors on general register.

RAK offshore company formation

This place is situated at a distance of an hour drive from Dubai and holds a high reputation as a business-friendly and competitive cost zone. In 2006, Rak launched the offshore company structure.

Some of the major highlights of this place are:

  • You are required to have a minimum one shareholder (corporate shareholder not permitted) and company documents well attested.
  • Minimum two corporate directors are required (corporate director not permitted).
  • The company should have a secretary; a company director can act as a secretary as well.
  • The company is required to keep accounting records for 10 years from the date of preparation.

Benefits of offshore company

Here, you can have 100% ownership and you are not required to have a local share holder

  • The authorities of the UAE do allow Offshore Companies to hold the shares of both Free Zone and Onshore (LLC) Companies.
  • An offshore company can have multiple banks accounts.
  • You are allowed not to disclose the names of shareholders, directors on general register.
  • RAK IC company registration will typically take one week after receiving all application, and due diligence documentation.

WHY SET UP A COMPANY IN DUBAI?

Within no time Dubai has turned the world’s most attractive place to set up the business. The ideal location for trading, infrastructure, competitive environment and benefits the city offers help your business a lot in initial days. Generally, you look at aspects like financial, energy, human resources, infrastructure, transportation, customer base and most importantly safety and security. The best part is you have them all here.

Dubai is one of the safest cities with the lowest crime rate. Dubai holds a prominent position in international trading and transportation logistics. The city is filled with resources like petroleum, chemical products and crude oil. It has the best communication technology. IT, designing, engineer, and the labour you can get them all from here easily as people from 200 different countries are living, and working in Dubai.

HOW TO SET UP COMPANY IN DUBAI?

Company set up in Dubai is not a cakewalk. It seems quite attractive yet; you need to do a lot of research work before setting up your business. So, before you set business to be careful and do a lot of research work.

So, the first thing that you need to keep in mind is that decide what is the nature of your business. This will help you to decide what kind of location is preferable, what kind of labour and transportation are required and proximity to ports and airports.

Decide the name of your company very carefully because the UAE has some strict naming conventions.

Finalise all incorporation work. Complete your application and all the legal formalities well on time. Once your application is processed, the government will issue the license. The final step in company formation is Visa.

Be careful about the legal formalities, and do enough research and you all are set to go.

Good Luck!!

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DXB Setup - Dubai Business Setup.
Office # 2903, Boulevard Plaza Tower 1,
Downtown, Dubai, UAE
OUR LOCATIONSWhere to find us?
Dubai UAE Map
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Let's connect socially to spread the word.

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