Dubai is one of the world's major economic powers and offers entrepreneurs a wide range of opportunities to start a new business or expand. The city has a modern infrastructure, well-educated professionals and a government that supports entrepreneurs to run their businesses successfully. So anyone starting a company in Dubai has many opportunities ahead of them.
For many people considering a company headquarters in Dubai, questions arise regarding the Tax exemptionThe first step is to find out more about the challenges of setting up a business, living conditions in Dubai and other topics.
We at "Dubai-Auswandern" have taken a close look at the advantages, challenges and steps of setting up a company in Dubai and give you a detailed overview here.
Before you start the process of setting up a company, you need to decide on a legal form. As mentioned earlier, there are different types of companies that can be registered in Dubai, such as Freezone companies, Mainland companies and Offshore companies. Each of these types of companies has its own advantages and disadvantages that you should consider before choosing one. The Dubai emigration experts will be happy to advise you on the selection and all other processes.
If you don't want to invest that much time & want to avoid mistakes, Dubai emigration experts can handle the entire process for you in record time (2 days for a Mainland company & 4 days for a Freezone company). Discover all the benefits of Dubai-auswandern, the official partner of all top Freezones in the U.A.E. Profit among other things from specialised tax advisors from the DACH region, a legal department directly from the U.A.E. and a Guarantee for opening a corporate & private account.
|Basic requirements||Freezone Company||Mainland Company|
|Minimum capital contribution||Mandatory||Mandatory|
|Articles of association||Mandatory||Mandatory|
|Local contact person for company formation||No||Yes|
|Visa||Freezone Company||Mainland Company|
|Visa possible through the company?||Yes||Yes|
|Documents required||Freezone Company||Mainland Company|
|Coloured passport copies of the shareholders and managing directors||Yes||Yes|
|Memorandum of Understanding||Yes||Yes|
|2 years of audited financial reports for companies or letters of recommendation from the bank||Yes||Yes|
|Proof of address, for example by means of a consumption bill||Yes||Yes|
Those who wish to employ staff must also do the following:
Obtaining necessary visas and work permits for employees
Registration with the Ministry of Human Resources and Emiratisation (MOHRE)
Register with the Dubai Health Authority (DHA) and take out health insurance.
Obtain approval from Dubai Electricity and Water Authority (DEWA) and other utilities.
It is important to familiarise yourself with the legal and regulatory requirements before setting up a company in Dubai to ensure that you meet all the requirements and avoid potential risks. The experts at Dubai Emigrate can help you avoid these risks. This is especially recommended if your company formation is a bit more complex and you want to hire employees.
There are many financing options for entrepreneurs who want to set up a business in Dubai. These include loans, grants and angel investors. There are also many funding programmes and resources provided by the government and private organisations to help entrepreneurs start and expand their businesses. Of these, here are 3 important funding programmes:
Dubai Future Accelerators. The organisation promotes partnerships between start-ups and private sector companies.
Dubai SME 100which, among other things, supports start-ups in obtaining the necessary permits.
The Dubai Chamber of Commerce (Dubai Chamber) has set up a branch for start-ups, the Dubai Start-up Hub. It aims to provide guidance and promote public-private partnerships (PPPs). Since its establishment in 2016, it has supported more than 8,000 start-ups.
It is important to look for funding opportunities early on to ensure that you have enough capital to start and run the business successfully.
Overall, Dubai offers above-average opportunities when it comes to financing a business.
Dubai has developed into an important business location and is therefore very attractive for entrepreneurs. Here is an overview of all the advantages of setting up a company in Dubai:
Low tax burden
Large network of successful business people
27 Free trade zones that boost your business
many skilled workers
There are different types of companies that can be registered in Dubai such as Freezone companies, Mainland companies, Offshore companies. You should follow the steps below when incorporating:
Selection of the legal form
Selecting a business activity and obtaining approval from the competent authorities
Selecting a company name and obtaining approval
Registering the company and obtaining a licence
Establishing a physical office and obtaining the necessary permits
All in all, it is clear that Dubai is one of the most attractive cities in the world for entrepreneurs and freelancers. Even the few initial hurdles in setting up a business should not deter you. By working with an agency, these can be effortlessly cleared away so that nothing stands in the way of a successful business start.
This is not only the opinion of our Dubai emigration experts, but also...