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Company Formation Abu Dhabi

Business Setup Services in Dubai

We Create Favorable Environment for Your Business Setup and Growth!

Dubai – A lucrative Offshore Destination

Dubai has gained the reputation of a leading trading hub in UAE, owing to premier business locations and an environment that is not unduly restrictive.It offers International businessmen most liberal operating conditions, tax exemptions, asset protection, complete privacy, and limited liability, in setting up a business in Dubai. The tax haven also offers tremendous promise to overseas companies, as it has:

  • Excellent growth trajectory (imports have doubled since 1990) and unique policies of liberalization
  • Prosperous market located in one of the world’s richest regions that is diversified and offers wide opportunities to traders
  • No trade barriers, quotas, exchange controls (open market)
  • High accessibility through air or water (around 90 airlines and 170 shipping lines)

Why Setup a Business in Dubai?

Setting up business in Dubai is beneficial, and the reasons mentioned above vouch for the fact. But, those are not the only reasons why companies should have a presence in the Middle East. Personal relationships play an important role in Arab, and people prefer doing business with someone they know and can trust, unlike US or Western Europe where online companies equally flourish.

Thus, business setup in Dubai becomes extremely strategic to make contacts, secure orders and liaise with customers in the long-term. Following are the types of companies that can be registered in Dubai:

Free Zone Company
Offshore Company
Mainland Company

Business setup in Dubai with CommitBiz

CommitBiz offers Business Setup Services in Dubai that aims at providing international organizations with a regulated trading solution by getting their companies registered in Dubai. As a part of setting up business in Dubai, we take care of the following:

Creation of Legal Structures for Business Set up

In order to provide maximum benefit to the business owners, we take care of all the legal requirements for setting up a business in Dubai:

  • Submit proposed company name and registration application to the Department of Economic Development (DED)
  • Get the company’s Memorandum of Association in DED Notarized
  • File documents of the company with DED to obtain trade license from the Chamber of Commerce and Industry
  • Create a name board
  • Submit the application at the Ministry of Labor for Establishment Card
  • Ensure registration of native workers with the Ministry of Labor and General Authority for Pension and Social Security

Licensing

The basic requirement for all business activity in Dubai is to acquire one of the following three categories of licenses:

  1. Commercial Licenses – Includes all kinds of trading activity
  2. Professional Licenses - Encompassing Artisans, Craftsmen, Professions and Services
  3. Industrial Licenses – for setting up manufacturing or an industrial activity

Department of Economic Development, Dubai is the licensing authority that issues license for major activities; however certain activities require special approval from the related ministry /department. These are:

Activities Licensing Ministry / Department
  • Medical Pharmacy etc.
  • Telecommunication Equipment
  • Air Transport, Air Cargo etc.
  • Financial Institutions, Banks, Money Exchange, etc.
  • Agriculture, Veterinary, etc.
  • Engineering and Constructing, etc.
  • New Industrial Project, Expansion
  • Legal consultancy
  • Education, Training etc.
  • Publishing, Printing, Newspaper, Advertising, Video Film, Photography, etc.
  • Branch of Foreign Company, Insurance Company, Chartered Accountants Firm, etc.
  • Customs Clearance, Freight Forwarding Sea Cargo, etc.
  • Ministry of Health
  • Ministry of Communication
  • Dept. of Civil Aviation
  • Central Bank
  • Ministry of Agriculture
  • Municipality
  • Ministry of Finance and Industry
  • Ruler’s Office
  • Ministry of Education
  • Ministry of Information
  • Ministry of Economy
  • Seaports and Customs Authority

Taking Care of Ownership Requirements

As per the Federal Law, it is mandatory to have not less than 51% local equity (participation of UAE nationals) in any commercial companies.The law also defines seven categories of business organisations that are permitted to establish in Dubai. These are:

  1. General Partnership Company
  2. Partnership-en-commendam
  3. Joint Venture Company
  4. Public Shareholding Company
  5. Private Shareholding Company
  6. Limited Liability Company (LLC)
  7. Share Partnership Company

Out of these seven company types mentioned above, LLCs are mostly chosen by the foreign investors. 51% participation of UAE nationals is the general norm in the aforesaid seven categories, except:

  • Where 100% local ownership required
  • Free Trade Zones where 100% foreign ownership is granted
  • In activities with 100% AGCC ownership, where wholly owned AGCC companies partner with UAE nationals
  • Where foreign companies register a representative office or branches in Dubai
  • In Artisan or Professional companies where cent percent foreign ownership is allowed

Prominent Categories of Business Organization in Dubai

Onshore and offshore sectors dominate the UAE economy;with the primary difference that Offshore Sectors contain Freezones that award foreign investment, while Onshore Sectors put restrictions on the foreign ownerships and take care of local business interests. Three prominent categories of organizations that can be setup a business in Dubai are:

1. Free Zone Company

Freezones in Dubai are the most sought after locations for international business operations and attract FDIs due to its policies that generate employment while supporting economic reforms. Freezone setups are highly profitable investment options for organisations as they offer incentives like:

  • 100% foreign ownership
  • Customs privileges
  • No taxes
  • Greater growth potential due to strategic location
  • Well established transport network and road connectivity
  • Proximity to large customer base
  • Affordable cost for high quality labor

CommitBizhas expertise in helping professionals and companies setup their business in the 23premier Freezones in Dubai.

2. Offshore Company

Businesses prefer to setup an Offshore Company, also known as Non-resident Company in Dubai as the income obtained from the holding company (Offshore Company) is not taxable. CommitBiz has the right expertise and resources to help you setup your offshore business operations in most popular rewarding destinations; namely, ‘RAKIA Offshore’ and ‘JAFZA Offshore’.

Other than tax savings, people prefer having an offshore company as a holding company so that they can hold:

  • Interest of Other Companies in Different Jurisdictions
  • Licensing of Franchises
  • Intellectual Property Rights
  • Trademarks
  • Copyrights, etc.

3. Main Land Company

All Business Entities that fall under commercialized geographical areas and are directly registered under the Emirates government and its authorities, are known as UAE Main Land. Main Land represents the most developed economy as it is setup directly in accordance to the legal structures of the Government policies. CommitBiz’s Main Land business setup services in Dubai comprise:

  • Limited Liability Company
  • Professional Firms
  • Branch Offices
  • Representative Offices
  • Public Shareholding Companies

Setup a business in Dubaiwith Ease

We can help you minimize your business liability by setting up your dream business in Dubai. We have the expertise and resources to handle everything you need for business setup in Dubai. Our team has complete knowledge of local affairs, and will help you handle documentation / paperwork formalities, strategise business plan, select free zones, and evaluate the structure that best suits your business requirements without any hassles.

We handle all your business Setup requirements proficiently so that you can concentrate on your business growth! Contact us today for Business Setup Services in Dubai.

Please contact a Commit executive for more details


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