Easy Steps to Start a Company in Dubai

We also assist in opening bank account with all local leading banks. Al-Hashim Consult business setup services offer in-depth knowledge and extensive experience in company incorporation can assist to form a mainland companies based on the client’s business plan. The Freezones of UAE are special economic zones that provide added benefits and security.
But in practice, you would need paid-up capital of at least AED 300,000 (about S$110,000) to maintain credibility among investors and the government. There are also differences in the overall business culture between Singapore and Dubai. Singapore has a more formal and structured business culture, with a strong emphasis on punctuality, professionalism, and respect for hierarchy. In Dubai, the business culture is more relaxed, with a greater focus on personal relationships and networking. Singapore has a more diversified economy as compared to Dubai, the major sectors of which are shipping, banking and finance, IT, and international trade. However, during recent years it has succeeded in reducing its dependence on oil and encouraging the growth of tech, trade, and tourism industries.

For example, if you are establishing a food-related business, you will need to obtain approval from the Dubai Municipality. If you are establishing a healthcare-related business, you will need to obtain approval from the Dubai Health Authority. Finding out strategic locations is very important for a business growth.
"Two way communication was superb and we really appreciated the one-on-one review of the documents, initial approvals and they provided for Company Formation." Mainland License doesn’t have any restriction on number of visa’s. Dubai DED office permits visa on the basis of office space in which company operates. For every 9 sqm one visa can be applied, so bigger the office more visa’s can be applied. Yes, you are required to have a physical address in the country. To even qualify for a license, you’ll need to have a valid lease for an office or warehouse space.
The Green Visa also allows the visa holder to sponsor their first-degree relatives . The qualification requirements are easier compared to those for Golden Visa. Singapore and Dubai have both implemented various programs to support business development. Mainland Dubai's main areas of focus are the digital and tourism industries. There are also some economic incentives in the free trade zones in Dubai.

Business owners incorporating in the UAE can expect to pay yearly fees of AED 2,000 as of this writing in addition to reasonable registered agent address and local director fees, if required. Those incorporating in the UAE only need to pay income tax if their industry is foreign banking, or oil and gas. Once this is completed, your agent can check the availability of the name, reserve the name, and even make payment to reserve the name. The UAE offers a strong, stable infrastructure to foreign investors. The UAE offers a large population of skilled labor that would provide an excellent potential workforce for any company choosing to incorporate here. Owners who have incorporated in the UAE only need to pay income tax if they are in the foreign banking or oil and gas industry.
The USD 7 billion Dubai World Expo 2020 finally opened its doors to the world after a one-year delay caused by the Covid-19 pandemic on 1st October 2021. This once-in-a-lifetime event has heads of state and prominent businesses showcasing life-changing innovations and experiences. Dubai has always been the preferred gateway to establish and grow businesses in the GCC and neighboring countries.

Another safeguard that can be provided to the foreign investor is contractual. It is important to note that there is a tax regime in place, but it is not in effect, and that there is a 5% customs duty on all imports. Dubai’s Department of Economic Development is the department in charge of licensing and registration of corporate entities in mainland Dubai.
Foreign investors may find it appealing to establish a corporate entity in one of the numerous free trade zones in the United Arab Emirates. UAE has more than 35 FTZs, more than 20 of which are in Dubai. The fundamental benefit of establishing a business in a free zone is that UAE national shareholding is not necessary. Having an offshore company in the United Arab Emirates is undoubtedly the most well-liked and effective way to conduct business abroad. The United Arab Emirates Corporate Law governs businesses registered in the UAE, but each emirate has its corporate laws that must be followed.
I have been a regular user of GlobalX’s conveyancing searches for several months and I highly recommend them. The ease of use of their website is outstanding, and the customer service received is always superb. In particular, Tan Nguyen and Benedict Buckley have always provided a professional and friendly service to both myself and my colleagues. I just wanted to DED in dubai say a big thank you for all of your help in getting our account set up. All of our services are on a pay-as-you-go basis with no contractual commitment, with unlimited users ensuring our service to you is made easier and even more flexible. Dubai consists of more than 30 free-trade zones such as the Dubai Multi Commodities Centre and the Jebel Ali Free Zone .

Following are the steps to understand how to open a construction company in Dubai mainland. In case you are searching to start a construction license in Dubai. Then let me bring this to you that this type of a business is one of the top in Dubai in last 20 year. And there is no reason that it will not accomplish extra growth in upcoming future.