Question 1

How much does it cost to set up a company in Dubai?

Accepted Answer

The cost of setting up a company in Dubai varies based on the type of business, location (mainland vs. free zone), and necessary licenses. Generally, prices start from AED 5,500 for a free zone business and can go up to AED 50,000 or more for mainland companies, depending on office space and visa requirements.

Question 2

How can I start my own company in Dubai?

Accepted Answer

To start a business in Dubai, follow these steps: 1) Decide on business activity, 2) Choose a legal structure, 3) Select a company name, 4) Apply for a business license, 5) Secure office space, 6) Register with relevant government authorities, and 7) Obtain necessary approvals and trade licenses.

Question 3

What is the difference between mainland and free zone company setup in Dubai?

Accepted Answer

A mainland company allows you to operate anywhere in the UAE and globally, requiring a local sponsor (except for professional licenses). A free zone company offers 100% foreign ownership and tax benefits but restricts operations within the free zone or requires a local distributor for UAE mainland trade.

Question 4

How long does it take to register a company in Dubai?

Accepted Answer

Company registration in Dubai can take anywhere from 3 to 10 business days, depending on the business type, approvals required, and government processing times.

Question 5

Do I need a local sponsor to start a business in Dubai?

Accepted Answer

For mainland companies, a local sponsor (UAE national) is required for certain business activities. However, free zone companies allow 100% foreign ownership without a local sponsor.

Question 6

What types of business licenses are available in Dubai?

Accepted Answer

Dubai offers several business licenses, including Commercial (for trading activities), Professional (for consultancy or service-based businesses), Industrial (for manufacturing), and Tourism (for travel-related businesses). The right license depends on your business activity.

Question 7

Can foreigners own a business in Dubai?

Accepted Answer

Yes, foreigners can own 100% of a business in Dubai's free zones. Mainland businesses also allow full foreign ownership for many activities, especially after recent reforms in UAE business laws.

Question 8

What is a free zone company in Dubai?

Accepted Answer

A free zone company is a business entity registered in a designated area that offers tax exemptions, 100% foreign ownership, and simplified company setup procedures. However, these businesses need a local agent to operate outside the free zone.

Question 9

Is a physical office required to start a business in Dubai?

Accepted Answer

Yes, mainland companies must have a physical office space in Dubai. However, many free zones offer virtual office solutions for startups and small businesses.

Question 10

What documents are required to register a company in Dubai?

Accepted Answer

Commonly required documents include passport copies of shareholders, visa copies, Emirates ID (if applicable), trade name reservation certificate, Memorandum of Association (MOA), and initial approval from relevant authorities.

Question 11

What are the benefits of setting up a business in Dubai?

Accepted Answer

Dubai offers numerous benefits for businesses, including 100% foreign ownership in free zones, tax exemptions, a strategic global location, ease of doing business, and access to a thriving economy.

Question 12

Can I open a corporate bank account in Dubai as a foreign investor?

Accepted Answer

Yes, foreign investors can open a corporate bank account in Dubai. Requirements include company registration documents, proof of business activities, and personal identification documents of shareholders.

Question 13

How many types of company structures are available in Dubai?

Accepted Answer

The common company structures in Dubai include Sole Proprietorship, Limited Liability Company (LLC), Free Zone Company (FZC), Branch of a Foreign Company, and Civil Company (for professionals like consultants).

Question 14

Can I sponsor my family with a business license in Dubai?

Accepted Answer

Yes, business owners with a valid trade license can sponsor their family members for residency visas, provided they meet the minimum income and eligibility criteria set by UAE immigration authorities.

Question 15

Are there any tax benefits for businesses in Dubai?

Accepted Answer

Yes, Dubai offers significant tax benefits, including 0% corporate tax in free zones, no personal income tax, and VAT at a standard rate of 5% (applicable to certain businesses).

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