How can I start a company in Dubai?
To set up a company in Dubai, you’d do best to reach out to an expert consultant such as Texas in order to identify and submit the required documents, finalize on a trade name, arrange for local partnership, acquire preliminary approval and business license, and finally take care of the immigration and visa processes.
What type of companies can I establish in the UAE?
Given there are over 1000 different types of activities registered and allowed by the Economic Department, almost all kinds of businesses can be set up in the UAE. Yet, to be sure before getting started, it always helps to seek the advice of an expert consultant such as Texas.
How to start a Limited Liability Company (LLC) in Dubai?
To set up a Limited Liability Company (LLC) anywhere in the UAE, you first need to decide on a trade name with a local sponsor and acquire preliminary approval. Further, you need to obtain a memorandum of association of the company and submit necessary documents to the DED (Department of Economic Development). Additionally, you’ll need to find a rent office space. All of these processes can be rendered simple by seeking the services of an expert, efficient, and cost-effective consultant, such as Texas.
How much time does it take to start a business in Dubai?
With Texas on your side and given the right documents are in hand, mainlands companies can be set up in under 72 hours or 3 days. Our well-connected network and relationships of trust that we enjoy with government departments make this possible.
What is the minimum investment required to set up a business in the UAE?
There are no limits set on the investment required to set up shop in the UAE. Depending on your business, location, and stakeholders, you can invest as much or as little as is required.
What are the primary documents required to set up a company in the UAE?
These include the application form, passport copy of shareholders, memorandum of association, article of association, Chamber of Commerce extract, and, if needed, the board resolution as well.
What are the types of UAE Business License or Trade Licenses in the UAE?
Trade or Business Licenses are of four types in the UAE:
- Commercial License: For companies involved in any kind of trading
- Industrial License: For companies involved in any kind of manufacturing or industrial activity
- Professional License: For service providers, artisans, professionals and craftsmen
- Tourism License: For travel, tourism and hospitality companies in the UAE.
How can I get a business license in Dubai?
Once you have been through the various processes, such as document submission, local sponsor arrangement, preliminary approval, etc., a professional, commercial, or industrial license will be issued to your business.
What are the documents required for business license renewal in UAE?
In order to renew your business license in the UAE, you need to provide a certificate of authenticity for the lease contract issued from the Real Estate Regulatory Agency, all shareholders passport, visa and valid emirates id copies.
What are PRO services?
Among the most important services you will need to set up a business in the UAE, PRO services make your experience hassle-free by engaging with government departments for your various needs. Texas offers professional PRO services through its own expert in-house team.
What is a mainland company?
A non-free-zone business setup registered with the DED (Department of Economic Development), a mainland company allows investors to conduct business operations freely across the UAE.
What are the advantages of setting up a mainland company?
Registering your business with the DED (Department of Economic Development) as a mainland company allows you to not only conduct business freely across the UAE but also offers you better rental deals, maintains the foreign equity stably at 49%, eliminates yearly auditing and corporate taxation, allows you to get an investor visa that can be used to invite your family to stay in the UAE and also allows you to bring in foreign labour easily.
Why do I need a local sponsor and how much do I have to pay him?
As a mainland company in the UAE, you need to enlist a local sponsor whose role is sponsorship alone and does not include involvement in the everyday running of the business. You need to pay him an agreed-upon yearly fee which has no minimum or maximum limits and is negotiable.
Do I need to come to Dubai to establish my business?
In case you need to establish your company without your presence in the UAE, you need to give the power of attorney to a professional business consultant, such as Texas, to carry on the approval processes and other formalities on your behalf in the UAE.
How can I start my company remotely?
You will need to send a copy of your passport and other requisite information to a professional business consultant, such as Texas, to start your company remotely.
What kind of manpower is available in the UAE?
There is no shortage of skilled or unskilled labour in the UAE. In fact, people from 200 different countries live and work in the UAE. However, you have the option to either hire from the pool of labour already available in the UAE or choose to hire individuals from your country of origin after taking care of the legalities.
What is the difference between a Clinic and Medical Center under MOH?
In clinics, only General Practitioners can practise while in the Medical centers, practitioners from more than one speciality are required.
Is there any license fee difference between Clinic and Medical Center?
Yes. Clinic License fee is less when compared to that for Medical Center.
Is Dubai truly tax-free?
Yes, Dubai is mostly tax-free.
Is Dubai an Open Trading hub?
Yes. Over 75% of goods entering Dubai are duty-free. Its free trade zones offer incentives to imports through tax exemptions and the like while the open border foreign trade policy encourages small businesses to expand.
Do I require office space in the UAE?
Yes. You may opt to minimize cost by using a small space or go in for large office options if you wish to move your business to the UAE. In both cases, Texas is well-equipped to offer you advice and guide you to the best option for your business.
Can my UAE mainland company buy property?
Yes. Your mainland company can own both commercial and residential properties in the UAE.