Business Setup in Dubai
Setting up a business in Dubai involves a series of steps and requires specific documentation. We simplify and facilitate the company formation process for you. Please speak with one of our business consultants before you set up a business in Dubai.
Features of our business setup services in Dubai include:
- Hassle-Free Business Setup Process
- PRO Services
- Accounting and Bookkeeping Services
- Free Consultation from Our Experts
Why Start Your Business in Dubai?
A stable business environment is crucial for facilitating growth both at local and global levels. Dubai, one of the seven emirates of the UAE, offers access to key markets and a future-oriented environment for businesses to grow. It houses more than 200 different nationalities, being one of the most popular destinations among entrepreneurs and expats.
The emirate fosters an agile base to support a wide range of industries by connecting people, processes, and technology. It has also created a large number of billion-dollar startups in Dubai. In addition, supportive policies, government’s incubator and accelerator programs, no income tax, and access to capital are some of the key benefits of business setup in Dubai. All these factors, combined with ease of doing business and high quality of life, help in attracting and retaining the top talents from across the globe.
Business Setup Cost Estimator
Wondering how much it will cost to setup a business in Dubai? Various factors such as the type of business activity, the location, office space, and the number of visas can all affect the final cost of your business setup in Dubai. Use our cost estimator to get a quick estimate.
Different Options for Business Setup in Dubai
If you are planning to establish a company In Dubai, one of the crucial steps is to determine an appropriate location. Businesses can choose between three jurisdictions: Mainland, Free Zones, and Offshore. Each jurisdiction has its own specific advantages. Your selection will primarily depend on factors such as your specific business goals, operational requirements, among others. Let us briefly understand about each jurisdiction:
1. Mainland
Dubai Mainland companies in Dubai can operate across a range of sectors, trading freely within the region. It is good for businesses seeking to expand in the local UAE market and serve government entities. Key benefits of starting a Dubai mainland business are:
- 100 per cent foreign ownership
- Businesses can work with government contracts
- No personal income tax
2. Free Zones
The process of starting a free zone company in Dubai is seamless and cost effective. It is ideal for start-ups, small businesses, freelancers, and companies involved in import, export, and international trade. Some key advantages of Dubai free zones include:
- 100 per cent foreign ownership
- Full profit and capital repatriation
- 20 industry-specific free zones to choose from
3. Offshore
An offshore company formation in Dubai is a legal entity which is established and registered within the region, but operates outside of the country. It is ideal for companies involved in global trade, shipping operations, consulting services, among others. Some of the key benefits of starting offshore companies are:
- No physical office is required
- Lower cost
- Multiple tax benefits
Types of Business License in Dubai
A business license in Dubai is an approval from the authorities that allows a business entity to engage in commercial activities. In other words, it grants a business entity or individual the right to undertake specific business activities within a specified jurisdiction. These licenses include:
- Commercial
- Industrial
- Professional
- Tourism
- Agricultural
- Occupational
Types of Legal Structures for Businesses in Dubai
When planning a business setup in Dubai, choosing the right legal structure is one of the most important decisions you will make. The Emirate offers a range of business structures tailored to suit different types of ventures. Some of these include:
Sole Proprietorship
Also known as sole establishment, this type of business structure is owned and operated by a single person. The trade license is issued under the owner's name. The owner is fully accountable for repaying any debts the business incurs.
Suitable for: Small business owners, independent professionals, and individual entrepreneurs.
Benefits:
- Full control over business ownership and profits
- Cost effective
Limited Liability Company (LLC)
A minimum of two and up to 50 shareholders are required to establish an LLC in Dubai. Each member's liability is limited to their respective share in the company’s capital.
Suitable for: Various industrial and commercial businesses, such as contracting, professional services, and international trade.
Benefits:
- Exempt from income tax
- LLC in Dubai can have 100 per cent foreign ownership
Free Zone Company
It is a legal entity registered within one of the free zones in Dubai. Such companies can operate within the free zone as well as outside of the UAE.
Suitable for: International trade and investors seeking to cater to specific industries in Dubai.
Benefits:
- Full repartition of capital and profits
- Duty-free imports and exports
Branch of a Local Company
This setup operates as a separate location of the parent company, continuing its business activities under the same name.
Suitable for: Manufacturing companies, service providers and businesses seeking to expand their existing operations into the Dubai market.
Benefits:
- Brand recognition and trust
- Global connectivity and expanded business reach
Public Joint Stock Company
Shares of this type of business entity are publicly traded on the stock exchange. Such companies can raise capital from the public. Even though the number of possible shareholders is infinite, a minimum of ten shareholders are needed to open a public joint stock company.
Suitable for: Large scale business venture
Benefits:
- Reduced risk by dividing ownership among many shareholders
- Enhanced credibility of the company
Representative Office of a Foreign Company
This type of structure does not permit you to conduct direct business operations or earn profit within the UAE. It only focuses on marketing related activities to build local networks and facilitate contracts and agreements for the parent company.
Suitable for: Businesses looking to establish a presence in Dubai without engaging in trade activities. Companies can build connections with potential customers and partners.
Benefits:
- Low setup costs
- Limited liability
Private joint stock company
A business entity where ownership is limited to a specific group of people and the shares are not traded publicly. There should be at least three founding members for establishing this type of business structure, with 51 per cent of shares should belong to the UAE-based shareholders.
Suitable for: Small to medium-sized enterprises or family owned businesses
Benefits:
- Better management and decision making
- Capital raising by selling the shares
Key Benefits of Business Setup in Dubai
Dubai’s government has been implementing various multi-sectoral efforts to support businesses of all sizes, from multinational corporations to startups in Dubai. Listen below are some of the major advantages of incorporating business in Dubai:
- Robust infrastructure
- Access to capital
- Diversified economy
- No personal income tax
- Currency stability
- Strategic location at the intersection of Europe, Asia, and Africa
- Over 25 free zones to support various business activities
- Government initiatives to support businesses
- Access to skilled workforce and top talents
- Future-focused legal and regulatory framework
Business Opportunities in Dubai
The Emirate offers a wealth of opportunities for businesses of all sizes, whether you are a micro enterprise, small business, medium-sized enterprise, or a multinational corporation. We have put together a list of diverse business opportunities in Dubai that entrepreneurs can explore to grow and succeed. Our business setup services in Dubai provide seamless support to establish and grow your business in the UAE.
Dubai, known for its robust healthcare infrastructure, offers a conducive environment for healthcare professionals and businesses to scale and grow. It offers a wide array of medical services, such as specialised treatments, advanced diagnostic procedures, and other medical facilities. The Emirate attracts patients from all across the globe due to its proximity to key markets in the region, making it stand out as a key destination for medical tourism. For those exploring business setup in Dubai within the healthcare sector, the Dubai Healthcare City (DHCC) free zone provides facilities and support to meet the region's growing medical needs.
The financial services domain is one of the key contributors to the Emirate’s growing economy. Dubai is also strengthening its position as a leader in new-age finance, such as blockchain, cryptocurrency, and other fintech businesses. Its growth as a major fintech hub in the region is also one of the key objectives of the government's ten-year economic transformation initiative D33. Some of the key business opportunities in the Dubai financial sector include - insurance, wealth management, banking, asset management, among others. The city also has dedicated free zones, such as Dubai International Financial Centre (DIFC), to cater to these business activities.
Strategically located at the intersection of major commercial routes, Dubai offers a well-established trade and logistics ecosystem. As a trade hub, the Emirate enables seamless flow of goods and services across the entire Middle East, Europe, Asia, Africa. Dubai also has a strong transportation network and some of the world's most well-connected ports and airports. For entrepreneurs considering business setup in Dubai, the trade and logistics sector offers immense potential. Dedicated free zones like Jebel Ali Free Zone (JAFZA), Dubai Airport Free Zone (DAFZA), and Dubai Logistics City create an ideal environment.
With a strong potential for growth, Dubai retail sector is attracting investors and entrepreneurs from all over the world. Tourists and residents enjoy the upscale shopping experience, making it a key retail destination. From regional to global brands, the city offers a wide array of choices for consumers. In recent years, the city has witnessed an increase in demand for e-commerce services. The government has also launched several initiatives to promote tech innovation in the retail market. For entrepreneurs considering business setup in Dubai, the trade and logistics sector offers immense potential. Some of the free zones in Dubai catering to this sector include JAFZA, Dubai Multi Commodities Centre (DMCC), and Dubai World Trade Centre (DWTC).
The Emirate, which aims to become a hub for tech businesses by 2033, provides a booming landscape for the ICT industry. It has witnessed a significant rise in digitisation, which has led to increased investment in technologies such as internet of things (IoT), cloud, and artificial intelligence (AI). The growth in the ICT sector is also pushed by several government initiatives, such as Dubai Future Foundation (DFF), Metaverse Strategy, among others. This combined with a secure digital infrastructure, stable tech ecosystem, and skilled workforce, makes Dubai a preferred destination for ICT companies to grow and scale.
Step-by-Step Process for Business Setup in Dubai
Business setup in Dubai can be a profitable venture, but navigating the setup process requires careful planning. Understanding the key steps involved in business formation is essential to ensure a smooth launch. Refer to our step-by-step guide:
You need to prepare a business plan and determine the business activity that suits you the best.
In this step, select a structure that caters to the specific needs of your business activity.
Submit the required documents to obtain your business license from the DED or relevant free zone authority.
The investor can initiate the process for a visa and the UAE residency permit for directors and employees. Please note that the employee visa quota depends on the selected jurisdiction.
Opening a company bank account is an important step to manage your business finances. The banking system in Dubai is robust and business friendly with options that include local and international banks.
Essential Documents for Business Setup in Dubai
- A Detailed Business Plan
- Memorandum of Association (MoA)
- Articles of Association (AoA)
- Passport Copies of all shareholders
- Lease Agreement
- Trade Name Approval
- Completed application form
- Passport-size photograph
Creating a Business Plan for your Business Setup in Dubai
Our business setup services in Dubai include expert assistance in developing a tailored business plan to ensure a successful launch and sustainable growth in the UAE market. A successful business setup in Dubai requires a solid business plan. It aids in feasibility analysis and problem identification. To make one, follow these steps:
Research Market and Competitors: To emphasise your unique selling propositions, examine your target market and rivals.
Estimate Costs: Using your own resources or outside funding, determine how much money you'll need for your setup.
Select Location: Since location affects taxes and legal requirements, take into account Free Zones for a more straightforward setup.
Establish Purpose: Draft a mission statement to direct your choices and future development. It's that simple!
Key Challenges of Business Setup in Dubai
A business setup in Dubai offers immense opportunities, but it also comes with its fair share of challenges. Here's how a business setup consultant in Dubai can simplify the process:
- Understanding and complying with Dubai's local laws and regulations can be intricate for businesses. Our team can ensure your company meets all legal obligations, helping avoid delays and penalties.
- International investors often struggle to secure a reliable local sponsor for mainland business setup. Our business setup consultants in Dubai can connect you with reliable, government-approved sponsors, ensuring legal protection.
- The setup process involves time-consuming paperwork and approvals for licenses and permits.Our experts can handle all paperwork, licensing, and approvals, speeding up the entire setup process.
- To succeed, businesses must stand out in Dubai's highly competitive market. We can offer market insights and guide you in choosing the right business structure.
- Starting a business requires significant upfront costs, including office rentals, visa fees, and licensing charges. Our experts allow you to budget efficiently and choose cost-effective setup options.
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?
If you are an entrepreneur looking to launch a new firm or business looking to extend your operations to Dubai, an experienced business consultant can assist you with the process. Company specialists will determine the best company structure for your business and provide you with the required advice and Support.
Gryffin Capitalist has emerged among the top Business Setup Consultants in Dubai. We stand out for our unparalleled customer service, exceptional customer support, and expertise in company registration. To achieve a quick and easy formation procedure, we'll work closely with you.
Our team is knowledgeable about the local business environment, including legal and compliance standards, regional practices, and market trends. Connect with us for further information on how to initiate your dream business setup in Dubai.
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Popular Links for UAE Location
Important articles entrepreneurs should read and have clarity before deciding the company structure, business activity and business setup locations.
Frequently Asked Questions (FAQs)
In Dubai, businesses located in free zones are 100% owned by international corporations. Dubai LLC is a limited liability partnership that permits foreigners to own up to 49% of the company. A national of the United Arab Emirates will control the remaining 51% of the shares.
The limited liability corporation (LLC) is the most popular type of business entity in the UAE (LLC). It can be formed by at least two shareholders and up to fifty shareholders.
Some of the best businesses to start in Dubai are as follows:
1) Real Estate
2) Financial Services
3) Retail
4) Tourism
5) E-commerce
6) Healthcare & much more.
Yeah, Dubai imposes lower taxes(personal, private, capital gains, VAT) on businesses, which makes the city very business-friendly.
The Authorities have created the UAE's framework with ease of investment in mind. The authorities quickly complete the process and legal requirements.
As a result, you won't have to wait long to start doing business in Dubai or the United Arab Emirates.
Yes. In fact, Dubai encourages free trade by exempting 75% of imported goods from taxes. Additionally, it allows Free Zone businesses to operate tax-free.
The trade policy supports businesses and is advantageous for the expansion of small businesses as well.
It depends on the type of business formation and what kind of visa is needed.
1) For the management and other responsible employees of a mainland company, a resident visa is necessary.
2) Before awarding a visa to its employees, the government authorities will assess the size of the Free Zone enterprise.
3) A resident visa is not required for the owner of an offshore establishment.
The registration price for the firm, the initial approval charge, visa applications, the cost of registering a trading name, the cost of leasing office space, and other commercial activities all affect how much it costs to start a company in Dubai.
You should be aware of the authorizing authority, business startup cost, licensing process, and rules and regulations of these jurisdictions before launching a business in the UAE Mainland or Freezone. For professional advice, it is better to contact our company establishment consultants in Dubai.
The cost of registering a company in Dubai depends on a number of variables, such as the type of license required, the location, and more. To assist you in setting up your business in an economical manner, get in touch with the best business consultants in Dubai.
