Business Setup in UAE
The UAE is known for its favourable business environment, including tax incentives and strategic location. We specialize in making your business setup in the UAE easy and efficient. The company registration process usually takes a few days.
Our UAE Business Setup Package offers:
- Streamline Process
- Bank Account Opening Assistance
- PRO Service
- 24/7 Support
Setup a Company in UAE
In recent years, the UAE has developed into an ideal destination for investors. The economic measures taken by the government and the investments made by various stakeholders have transformed the UAE into a vibrant economy.
Gryffin Capitalist has developed its business advisory skills thanks to outstanding leadership and a group of driven, motivated professionals. We have a full range of business setup services. We can assist you in your company registration process and UAE bank account opening.
Types of Business Entities in the UAE?
When starting a business in the UAE, choosing the proper business entity is crucial. UAE offers three types of business entities: Offshore, Free Zones, and Mainland entities.
The best choice for your business will depend on your business operations, potential trading partners, organizational structure, and other factors.
| Features | Mainland | Free Zone | Offshore |
|---|---|---|---|
|
Operation |
Businesses can operate both domestically and globally. |
Unrestricted access to transact business abroad as well as within the free zone. |
They cannot conduct business in the UAE with a physical location. |
|
Ownership |
Completely foreign ownership (Not applicable for all activities) |
Completely foreign ownership |
Completely foreign ownership |
|
Audit |
Financial audits are necessary to keep the business in good condition. |
Preparation for financial audits depends on the free zone jurisdiction. |
They are exempt from performing an audit. |
|
Office Requirements |
Specific activities require Flexi spaces or actual offices. |
Specific activities require Flexi spaces or actual offices. |
Not permitted to be present in the UAE physically |
|
Minimum Capital |
The legal framework determines the minimum capital requirement. |
Depending on the Emirate it belongs |
No requirement for a minimum capital base exists. |
|
Visa Options |
Based on the size of the workplace, the number of visas granted is determined. |
The UAE visa packages are affected by the jurisdiction of the free zone. |
While there is no necessity for an office site, there is no option for a resident visa. |
|
Information |
The public is welcome to request information about a mainland corporation. |
The public can request information about a free zone enterprise. |
The information about the offshore corporation is kept secret. |
Starting a company in the UAE comes with specific guidelines. Investors who follow these regulations can set up their businesses. The government offers various incentives to encourage company formation in the UAE. In the mainland, businesses must have an Emirati partner who owns 51% of the company. However, some activities on the mainland allow for 100% ownership.
The UAE Free Zones have distinct advantages that attract many foreign investments. The free zone has no corporate or personal tax. It allows 100% foreign ownership. It also exempts from import and export taxes.
Type of Corporate Structures for Company Formation in the UAE
Investors must determine which corporate structure best suits their business goals and interests. The following is a list of the business setup in the UAE Emirates:
- Sole Proprietorship
- Civil Company
- Limited Liability Company (LLC)
- Foreign Company Branch
- Free Zone Company
- Freelancers
Benefits of Business Setup in UAE
- Streamlined Process
- Flexibility to operate the business from anywhere in the UAE
- A variety of license types
- Business-Friendly Environment
- Access to local and international markets due to its geographic position.
- No personal income tax and low corporate taxes in free zones.
The Process for Setting Up a Company in the UAE
The type of license you require will depend on the type of business you choose, which will define the framework for your activities.
An initial green light signifies that the government is in favour of the company's operations in the nation. Also, it enables the investor to proceed to the following stages of the firm setup procedure.
The Mainland business needs to have a physical address in the UAE. The company's location and facilities must adhere to the requirements imposed by the appropriate authorities.
Ejari will provide details about the property, rental company, and landlord, including a copy of their passport. It is an essential document for a company to set up in the UAE.
A process called attestation involves a competent authority verifying documents. In the UAE, only a few administrative and governmental bodies have the power to certify documents.
Investors can get a business trade license from the economic department or service centres after finishing the required procedures.
Required Documents for Company Formation in the UAE
- A filled-out application
- A business strategy summary plan
- Copies of shareholder’s and director’s passports
- Samples of shareholders' and directors' signatures
- Letter of Intent
- A corporation director or management is appointed by board resolution
- The manager or director is granted power of attorney
- Articles of Registration
- Directors and shareholder's picture
- Information about share capital
What our clients say
Thanks to Gryffin Capitalist, starting my business in the UAE was smooth and efficient. They offered advice on company formation and licensing and assisted in opening a bank account.
Starting a business in the UAE seemed complicated, but Gryffin Capitalist made it seamless. The team is very knowledgeable, professional, and responsive.
I had a great experience registering my company in the UAE with Gryffin Capitalist. The Gryffin Capitalist team assisted in selecting the right Emirate to complete all legal steps.
Why Choose Gryffin Capitalist?
We are professionals with a perspective and plenty of dynamism that recognize the significance of your business idea. We promise to treat your company as if it were our own.
Gryffin Capitalist can assist you in setting up a company in the UAE. We are a one-stop shop for your dream business setup in the UAE.
A flexible and tailored strategy
Services integrated advisory
Expert professionals
Awareness with the UAE market
Ethical conduct and discretion
Services with a focus on results.
Business Setup Locations in UAE
What is the best location to start a business in UAE? All the seven emirates have the potential to be successful for your business. The business setup process is seamless, and the authorities provide all types of necessary business support.
Frequently Asked Questions (FAQs)
Starting a business has several procedures, which include raising capital, paying for licenses, and securing employee visas. The costs vary depending on the type of business activity and license required. These costs can be financial, commercial, or service-oriented.
Arabic and English are the two main languages accepted in the UAE for applications and paperwork.
Authorities provide the necessary infrastructure in UAE with a lot of room for storage, work areas, and other services.
UAE authorities have created Free Zones to increase international trade in the region. Investors can own the company entirely and get special tax and customs rates for trading goods and services. Businesses in each free zone can only conduct business there and nowhere else in the UAE.
A company starting operations in the UAE needs a public relations officer's services (PRO). The processing of official paperwork and permissions for business trade licenses and visa applications falls under PRO services.
The most significant advantage is that you retain complete ownership of your company. Some free zones also waive taxes and import/export tariffs.
The most common type of company in the UAE is an LLC or limited liability company. Two shareholders are necessary to (minimum) form an LLC.
You have a wide range of business opportunities because you can trade with any country you choose. You can rent affordable office space at any location of your choice while setting up the office.
When starting a company in the UAE, we have three types of business licenses available. The license types are Commercial, professional, and industrial. You can select these licenses based on your line of work.
Different types of companies can obtain various types of licenses. Trade companies can get a commercial license. Consulting firms can obtain a professional license. Manufacturing organizations can obtain an industrial license.
The UAE has three different types of companies: 1) Free Zone Business, 2) Mainland Business, and 3) Offshore Business.
