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Fig. 1: New Business Set Up in Dubai: Your Expert Guide to Company Formation Blog The United Arab Emirates (UAE) is a well-known coveted destination for business set-up and long-term investment around the globe. According to IMF rankings, UAE has been leading in economic development within the Arabic Gulf since 2017. Undoubtedly, this has also made it clear that the United Arab Emirates government has put tremendous efforts into creating a favorable corporate environment which also includes:

• Varied company formation structure options (offshore, free zones, or mainland)
• Economic investment requisites
• Tax-free business environment
• Straightforward corporate regulations and laws
• State of the art infrastructure
• Licenses for service, commercial, professional, and manufacturing businesses
• Planned location and countless ports for global businesses
• So, if you are interested and planning for any business set up in Dubai, now is the right time. Company formation in Dubai is a straightforward process with attractive incentives for commencing trades in the main land or free zones.

With the above reasons to start your business in Dubai or anywhere in UAE, here are more reasons we can give you for company formation in Dubai, UAE:

1. Dense Safety and Security:

These are the prime factors that drive investors to invest in Dubai. Safety and security are some of the main essentials in the business setup in Dubai. Failure to follow these may lead to some heavy risks. Therefore, the UAE government has set stringent regulations to avoid illegal activities and fraud in the country. These furnish a safe market environment for an established company formation in Dubai. You do need to be concerned about your investments while in Dubai. Everything is safe and controlled under the UAE government ordinance.

2. Free Zones Availability:

Tax can be a huge obstacle to global trade hence many trades have shifted to online-based businesses. Though, the amount deducted from internet-based stores is incomparable with the nominal country’s taxation. In such a case, how about investing in the business set up in Dubai offering free taxation? With the accessibility of free zones in Dubai, investors can have liberty in the market and perform business operations harmoniously. Likewise, free zones typically are tax-free zones, where you can plan your company formation in Dubai without associating with an agent in the UAE or a business partner. Free zones for businesses are available in fields such as media, healthcare, and education among others. There are also several free-zone activities supported by free-zone policies that aim to build a business-friendly framework for foreign investors in the marketplace. You may come across these free zones in Dubai at the airport, Silicon Oasis, Dubai Internet City, International Financial Center, the Gold, the Diamond, the Sport City, the Knowledge Village, and others.

3. Financial Institutions Support:

The frontline financial institutions like Dubai Silicon Oasis Authority, Dubai International Financial Center, Kizad, and Abu Dhabi Global Market in UAE provide financial help in economically unstable areas. Fig. 2: Financial Institutions –New Business Set Up in Dubai: Your Expert Guide to Company Formation Blog Similarly, investment funds such as Beco capital, Hub 71, Pay fort, and Astro labs are the leading funding providers to back up business in Dubai. These financial institutions also majorly support assisting SME’s debt through enabling loan repayment holidays and minimizing fees.

4. Escalates Brand Recognition:

It is the prime and essential motive behind a company formation in Dubai. Every company needs its company to be recognized and attract a lot of customers to do business. When your company is famous and effortlessly falls into an individual’s mind, they might end up doing business with you if your company’s reputation is on point. Hence, when your company in Dubai gets recognized, your brand visibility will increase with your business set up in Dubai far from setting in other countries like Hong Kong, Uganda, or Kenya. Fig. 3: Escalates Brand Recognition –New Business Set Up in Dubai: Your Expert Guide to Company Formation Blog With an attractive infrastructure, technology, and good ambiance for investment, company formation in Dubai and doing business will be easy. To be known globally, and convey flawless services in the country, the UAE will allow your company to market efficiently. This way, a business set up in Dubai will raise your company’s recognition and attract business leads. 

5. Developed Economy:

The stable economic growth of the UAE is known worldwide. When a country has a steady economy, there is a higher desire to commence business operations. That also means you may have chances to enlarge and analyze your company along with having more customers. On the other hand, advanced technology will help investors implement innovative and economical methods to handle customers. On the whole, the main goal of the company formation in Dubai is to captivate clients, have high visibility, and compelling high sales.

6. Modern Recreational Services:

Other than steady economic growth in Dubai, sunny climate, excellent infrastructure, UAE offers numerous recreational services like waterparks, sky diving, dhow cruises, and desert safaris that will delight you whenever you visit Dubai. Fundamentally, such advanced recreational services also play an enormous role in attracting innumerable investors as they plan for their company formation in Dubai.

7. Effortless Visa:

Fig. 4: Effortless Visa –New Business Set Up in Dubai: Your Expert Guide to Company Formation Blog Along with other countries, Dubai effortlessly issues visas to emigrants and opens new possibilities for those interested in investing in Dubai. For those planning to do business in Dubai, the chances of getting a UAE Visa are high. After obtaining a UAE residency visa, you may also enjoy the following benefits:

• You can complete your process of business set up in Dubai without any trouble from the UAE government
• You can engage in the leasing of property in the UAE
• You can move in and out of the country whenever you want

8. Exceptional UAE government support:

Who would miss the opportunity for a business set up in Dubai supported by the Government? The UAE government has played an instrumental role in enrolling foreign investors from all over the world in the UAE. Also, an ensured thriving market trend in Dubai that upscales the economic growth of the country. Therefore, the UAE government support is one of the significant aspects which motivate the investors to dive into the business set up in Dubai and get followers from the four corners of the world. Other incentives of business set up in Dubai include:

• Recruitment of emigrant employees
• Beneficial geographical locations
• Comfortable and high-quality lifestyle
• Business centered infrastructure to build the dominant economy with the highest GDP worldwide

If you are convinced to start your company in Dubai and wish to get in-depth details about the company formation in Dubai and registration, you may connect with our team anytime. We will foster and guide you with all the necessary information for company formation in Dubai. But before that, you must consider the type of company formation in Dubai you want. We have listed the distinct legitimate businesses set up in the UAE to guide you more: Legal businesses set up in the UAE Fig. 5: Legal Business Set up in UAE –New Business Set Up in Dubai: Your Expert Guide to Company Formation Blog

• Civil company:

In this type of company formation in Dubai, professionals like lawyers, accountants, doctors can commence a civil company business in UAE. An Emirati national must possess 51% of the business.

• Limited Liability Company (LLC):

There must be between two and fifty shareholders in the LLC. Fundamentally, each shareholder is liable only for their percentage of shares. Later, profits and losses are distributed between the shareholders according to their holdings. Again, for such company formation in Dubai, a UAE national mandatorily needs to hold 51% of shares. Moreover, an LLCof more than seven partners must assign a board with at least three shareholders.

• Sole Proprietorship:

Sole proprietorship company formation in Dubai means 100% company owned by one individual. As such, that individual will hold complete control over operations and profits. Although all UAE nationalities can form a sole proprietorship company, only GCC nationals and UAE can own an industrial or commercial company.

• Free zone company:

In a free zone company, business operations will need two to five shareholders. Though there are many advantages and incentives for company formation in the UAE free zones, you should also be aware that such companies cannot trade directly with the UAE market. Hence, there will be different formats and requirements for setting up a business. For example, company formation in Dubai like twofour54 Abu Dhabi does not need any capital. However, the Dubai Airport Free Zone requires a minimum share capital of AED 1,000 and, a Kizad LLC needs an investment of about AED 1,50,000.

• Freelance business:

Surprisingly, such business companies in the UAE are easy to form. For such company formation in Dubai, you will require to register in a Free Zone with an application form, bank reference, CV, and notarized Registry Identification Code form. You may also be able to apply for a visa. Steps involved in commencing a business in Dubai

• Commencing business operations
• Choose the jurisdiction
• Finalizing the company structure/legal form
• Getting approval for your company activity and name
• Applying for a trade license
• Registering your company
• Searching for a local agent if required
• Getting external approvals

Consequently, a business set up in Dubai will be a huge task if you do not go for expert consultation in this business journey and get acquainted with the ins and outs of the Dubai economy. To help you more in the process here, you will need business set up in Dubai professional consultants to get the support and guidance from the specialist. However, we have listed some pointers that can help you know the significance of consulting company formation in Dubai professional to grow your business.

1. Site the vital strategies to implement in your business

It is the first essential aspect to analyze when establishing a company in Dubai. You will require the best strategies to implement in your business operations so you can keep up with the competition. To achieve this, a professional consultant for company formation in Dubai can help you as they are well versed and equipped with some of the tenets needed to operate in the Dubai market. Therefore, when you need to start a business set up in Dubai, a business set up consultant can guide you with their years of expertise and knowledge.

2. Knowing Dubai market dynamics

Learning about the Dubai market dynamics is essential when you want to invest in any town or city. Every country has its protocols to control the marketplace. In essence, having a consultant for a company formation in Dubai can help you to know the fundamental essentials involved in the marketplace. Dubai’s business market is packed with innumerable complexities, the acquirement of several permits, and licenses to set you at par with what is needed in the Dubai marketplace.

3. Saves time and money:

It saves time and capital normally spent by a new organization, for example, when doing business set up in Dubai, studying the risks involved and what competitors are facing, and the success of the company. Other aspects you need to take into consideration are marketplace dynamics and marketplace aspects. A business set up in Dubai consultant specifically answers all queries with their years of experience, data, and market analysis; this helps save your time and tons of capital.

4. Help you to keep updated on rules and regulations:

With innumerable keen foreign traders who are coming towards the Middle Eastern Peninsula for business set up in Dubai or to start their own business, the authorities of the UAE constantly revise and regulate their business validate policies. Surviving with constantly changing policies in Dubai can be intimidating in the beginning. To alleviate the burden, it is better to employ a consultant for company formation in Dubai to help you through this journey of understanding the levied rules in the Dubai marketplace. Furthermore, they keep you up to date on all of the amendments in the reformations and can manipulate the entire crucial license work needed by the Dubai Government. Additionally, they can even guide and advise you about the future productivity of your business.

5. Ideal personnel for your business:

To prosper your business, an expert on company formation and business set up may help you achieve business goals. They have the right knowledge on how to follow the objectives, mission, and vision of your business. For a smooth business setup in Dubai, a qualified consultant may also help you choose the proper personnel for your business.

6. Assist you in finance and investment management:

Investing and financing go hand-in-hand in the global enterprise. To survive and sustain the business game in the long run, intense care of those assets to construct a successful empire is essential. A consultant will assist you with a feasible plan to boost your enterprise, regardless of whether it is stagnant, successful, or facing downfalls.

7. Helps in analyzing risks for your business:

If you are new to company formation in Dubai, consulting a qualified consultant before starting your business set up in Dubai will guide you on how to turn all of the business risks into advantages and provide an explanation of where you can take risks without affecting your business.

8. Delivers the best result:

A company formation in Dubai expert will assist you to achieve the best results by providing favorable recommendations and business solutions. As a UAE emigrant, you should also be aware of a few things before you commence business operations in Dubai: How can an emigrant obtain a business visa, licenses, and permits in the UAE? To start a business in the UAE, you will need a visa to live and work in the country. There are two types of visas for entrepreneurs- five years and ten years. Both of these visas do not require any sponsorship. To get a five years visa, there are two options. Primarily, you must have links to the existing project with a minimum capital of AED 5,000,000.  Secondly, you should have the approval of an accredited business incubator within the UAE. For 10 years visa, again, there are two options. Firstly, you need to deposit at least AED 10 million in public investment. Otherwise, you could also set up your company with at least AED 10 million in capital or make an investment of about AED 10 million in an existing company. Though, there are exceptions for people having special talents. Licenses and permits Fig. 6: Licenses and Permits – New Business Set Up in Dubai: Your Expert Guide to Company Formation Blog You can get your business license from the Department of Economic Development or Free Zone. The manufacturing companies need approval from the Ministry of Finance and Industry, while the UAE Health Ministry issues medical and pharmaceutical companies’ licenses. How can an emigrant register a company in the UAE? To register your business, you will need to apply to the relevant Free Zone or local authority. Additionally, you will also provide the following documents:

• Business plan
• Letter of intent
• Completed application form
• Specimen signatures of shareholders/directors
• Passport copies of shareholders/directors

To complete licensing of your company, you will need to provide the following documents:

• Share capital information
• Specimen signature of manager/director
• Photo of director/manager
• Memorandum and articles of association
• Power of attorney given to the manager/director
• Board resolution appointing a company manager/director

How can MBB Auditing help you? Just as Seattle Washington-based coffee retailer brand Starbucks is well-known for offering a great coffee-drinking experience; MBB Auditing understands the importance of essential information for business auditing and accounting needed for company registration and more. Once you get in touch with us, with our years of expertise and experience in simplified processes and steps, we provide the best auditing and accounting services in Dubai, Sharjah.