
Dubai offers many benefits for setting up a business, such as a strategic location, tax benefits, and a business-friendly environment. Understanding the process and its attached benefits is important for entrepreneurs from outside of the Gulf Cooperation Council (GCC).
Why Set Up a Business in Dubai
- Strategic Location: With its location between Europe, Asia, and Africa, Dubai offers access to a vast and diverse marketplace.
- Tax Advantages: Complete import and export tax exemptions, full repatriation of capital and profits, and no personal income taxes.
- Strong Infrastructure: Dubai has world-class infrastructure like highly developed ports, airports, and telecommunications systems that provide the ideal platform for doing business.
- Business-Friendly Regulations: A host of incentives have been offered by the government with a minimum amount of paperwork requirements and assistance with the recruitment of staff.
- Choose a Business Activity: It is pertinent to define what type of business you intend to establish, as the licensing requirements and legal structure will depend on this choice.
- Business Name: Ensure that the name you have chosen is in line with Dubai naming conventions and that it is available for registration.
- Business Structure: You have to choose between the legal structures: LLC, sole proprietorship, or branch office.
- Application for a Trade License: It is essential to submit the requisite documents to the Department of Economic Development (DED) or the pertinent free zone authority in order to acquire the necessary license.
- Acquisition of Office Space: Based on the type of business, it may be necessary to lease or purchase office space. In mainland Dubai, a minimum office space of 200 square feet is generally mandated.
- Complete Visa Procedures: If you have employees, apply for residency visas for you and them.
- Open a Corporate Bank Account: Select a bank that fits your business requirements and go through the process of opening an account.
Cost Considerations
- Trade License: The cost will be anywhere between AED 15,000 and AED 25,000, based on the nature of the business and type of license.
- Office Space: Leasing costs vary based on location and size. One can purchase office space in mainland Dubai, and the prices change accordingly.
- Other Expenses: This includes visa fees, registration fees, and other documentation charges.
How Noor Al Wafa Corporate Services Can Help
At Noor Al Wafa Corporate Services, we have all-inclusive packages to make your business set up in Dubai effortless:
- Business Solution: Custom-designed to fit your specific business requirements.
- Company Formation: Assistance in setting up legal structures, licensing, and registration.
- Office Space: Advice on finding and securing suitable office premises.
- PRO Services: Completing all governmental and administrative tasks.
- Family Visa Services: Preparing and filing for family member visas.
- Customs Department Registration and Renewals: Keeping the clients’ operations in compliance with customs regulations.
- Golden Visa Attestations: Support in applying for the Golden Visa.
- DHA Services: Advisory services in obtaining healthcare licenses.
- Government Approvals: Handling all types of governmental approvals needed for your business.
- Tax Consultancy Services: Accounting, bookkeeping, corporate tax filing, planning and consultation, excise tax filing, VAT filing, VAT refund, VAT fine waiving, auditing reports, CFO management, and AML consultation.
- Legal Services: Execution of wills, trademark registration, patent registration, healthcare licenses (DHA, DOH, MOH), data flow, professional licenses, facility licenses, and pre-matrix services.
Why Choose Us?
We are dedicated to ensuring the proper and effective development of your business with our clients by delivering genuine, timely, and reliable services.
Contact Us
For further information and to set up your business in Dubai, please call Noor Al Wafa Corporate Services on +971 4 280 7770 or visit us at www.nooralwafa.com.
Starting a business in Dubai is a strategic move that comes with all sorts of benefits. The whole process can go off without a hitch and deliver immense benefits if one seeks proper guidance and care.