Services for Starting a Business in Dubai
Dubai is the most modern and progressive emirate in the United Arab Emirates and is developing rapidly. With the potential and promise of this city, investors are eager to set up their businesses in Dubai. This is about the process and the costs involved in setting up a new business in Dubai. Investors can complete the process of Business Setup Services In Dubai easily and efficiently with the assistance of a professional service provider.
As experienced consultants, Bestaxca Consultants offers company formation services in Dubai and can help you plan, analyze, and evaluate all the costs associated with establishing a company. Our experts can assist you with company formation in Dubai and other business services throughout the UAE.
Have you ever wondered why so many entrepreneurs decide to start a business in Dubai? Here is a brief overview of what you need to know about starting a business in Dubai.
Why is Dubai the place to start a business?
Capital inflows into Dubai are increasing due to the development of various infrastructure, tourist, and commercial areas.
The emirate has invested heavily in technology and innovation to develop and maintain its world-class infrastructure.
Dubai’s geographic importance makes it an ideal location for trade and all forms of wealth creation.
Strong financial assets support the market and help companies stay in business.
Dubai strives to promote good relations with other countries through diplomacy.
The government of Dubai welcomes foreign investment and encourages it through favourable regulations and business-friendly economic policies.
The emirate has several attractive multi-industry-free zones.
Starting a Business in Dubai
Dubai government initiatives aimed at business provide material support to companies seeking to establish new operations in Dubai, including the recently passed amendments to the Commercial Companies Law in 2020, allowing foreigners to own 100% of the shares in certain companies.
Establishing a business in Dubai’s free zone is highly desirable, as it allows for full ownership and a single person to operate the business. This system allows you to open a bank account and own real estate in Dubai.
Before starting a business, it is important to understand what free zone, offshore, and onshore companies are and what services they offer.
Businesses in the Free Zone
The biggest advantage of a free zone is that 100% of profits are repatriated, and you retain 100% control of your business. Free zones are equipped with state-of-the-art infrastructure and are a great place to start a business. Free zones operate under their own rules, although no monetary limits exist.
Offshore Business Activities
An offshore company is a company that legally avoids paying taxes by doing business outside its registered jurisdiction. Their advantages are tax savings, asset management, and complete anonymity.
Offshore Business Activities
For some activities, mainland companies are increasingly 100% owned by foreigners, with the advantage of locating in places like Dubai. Cooperate with public authorities and deal freely with all mainland companies.
Choosing the right corporate service provider can make establishing a company in Dubai simple and smooth.
Forming a company in Dubai can be done in just seven easy steps.
Step 1: Choose Your Business Type
There are many different business activities, and it is very important to list them on your business license application because they will help your business setup services in Dubai. If unsure of your decision, we recommend seeking an entrepreneurial expert’s advice.
STEP 2: Choosing a Business Name
Now that you have decided on a business name, the next step is to choose a name for your company. You must follow several strict and simple naming rules.
Step 3: Choose Mainland, Free Zone, or Offshore.
Before applying for a business license, you must decide whether you want to start your business in the free zone or the mainland with business setup services in Dubai.
STEP 4: Apply for a Business License
A business license is arguably one of the most important requirements for establishing a company in Dubai. Obtaining a business license is a simple process in many countries. Whether you register on your own or through a company formation service, you will often only be asked to provide a few details and basic documentation.
STEP5: Filing of Memorandum and Articles of Incorporation of the proposed company
A Memorandum and Articles of Incorporation are required to establish a company.
STEP 6: Obtain a visa
Another basic requirement for starting a business in Dubai is to obtain a UAE visa. Applying for your visa and those of your employees is a detailed and simple process.
STEP 7: Opening a Bank Account
Select the bank account most relevant to the user.
Top 5 Advantages of Forming a Company in Dubai
- Seamless Process
Starting a business setup services in Dubai is easier thanks to fast-paced technology and a friendly administration. Registering a company in Dubai is possible with a few clicks and days business setup services in Dubai. The process is simple and requires minimal documentation. You can always consult with our experienced and professional company formation advisors for assistance and guidance throughout the company formation process.
- Employee Recruitment
Dubai is known as a business hub. Investors from all over the world are looking to do business and make money in Dubai. It is also effectively growing in sectors outside the oil industry, such as tourism, hospitality, and logistics. These sectors account for a large portion of Dubai’s GDP. In addition, there are many openings in these sectors, allowing the private sector to hire expatriates.
- Technological Innovation
Dubai is one of the most technologically advanced emirates in the world. It is on its way to becoming the world’s digital hub and has a digital future ahead of it. It has adopted various technological measures to reduce traffic, provide Internet connectivity, change health care services, and shop online. This will stimulate and expand the potential for Internet business in the country.
- Excellent Infrastructure
Dubai has one of the best infrastructures in the world. Dubai’s infrastructure has continued to improve over time, attracting many entrepreneurs. In fact, Dubai has an excellent public transportation system, as well as excellent telecommunications, ports, and other facilities.
- Geographically advantageous location
Dubai is a geographically important global business hub, connecting consumers and suppliers worldwide. Dubai has one of the busiest and fastest-growing airports in the world. Both the seaport and airport are in areas with excellent transportation and easy logistics. This contributes to the development of the import/export industry, the re-export industry, and the tourism industry.
Join BESTAXCA CONSULTANTS and start your business in Dubai.
As experienced consultants, BESTAXCA CONSULTANTS can help you plan, estimate, and forecast the total cost of establishing a business setup services in Dubai company. There are no hidden costs because everything is clearly explained.
Starting a business in Dubai with Bestaxca CONSULTANTS is easy and painless. We can help you open a business in all three major jurisdictions listed above. We can also assist you in obtaining numerous licenses from various government ministries and opening bank accounts. Overall, we can make setting up a business in Dubai simple and hassle-free.
Also Check:
A Step-by-Step Guide To Starting A Small Business
