Business Opportunities in Dubai
Over the last few years, Dubai has progressed as one of the world’s fastest growing and most remarkable economies. This dynamic global trading hub has attracted numerous investors and entrepreneurs in many sectors such as trading, real estate, tourism, financial services, logistics, hospitality, construction, and many more. Due to the comprehensive and integrated development plans of the UAE government, they have become a global contender for progressive economic performance, strong financial reserves, large sovereign wealth funds, healthy international relations, multi-specialty Freezone, and promoting investment in technology, artificial intelligence, and space sciences.
Why is Dubai the best place to start your company?
The UAE offers a promising environment for many start-ups, investors, and talented business professionals. Located on the shores of the Arabian Gulf, Dubai’s culture of innovation, expanding regulatory frameworks, supportive eco-system, and favorable business practices make this a hotspot for the development of emerging technologies.
As the top destination for investors and entrepreneurs, the UAE offers flexibility to set up business anywhere in the country, with enticing financial benefits and 100% foreign ownership of the business in the Mainland, Freezone, and Offshore.
Understanding Dubai Mainland
Regulated by the Dubai Economic Development (DED), Dubai’s mainland set-ups have the freedom to trade locally and internationally, expand, and offer services to many government projects. Due to the latest amendment in the UAE Commercial Companies Law, a mainland trade license is allotted to companies to keep liability of business activities and ensure secure proceedings. There are many mainland set-up business consultants who make the job easier and seamless for investors.
- The mainland company registration process requires acquiring a trade license and reliable assistance from a local service agent or a UAE nationality sponsor
- Receiving a mainland company registration and the license is completely hassle-free
- Possibility of 100% foreign ownership
- The main trade license holder is free to work with the UAE mainland companies, local customers, or government bodies, and even internationally
- No restrictions on locations of the commercial premises, keeping in mind that it should be onshore and, in the Emirate, where the license is issued
- In a mainland setup, you can apply for unlimited employee visas, provided there is sufficient office space
- Acquire an approved Dubai office address from the Dubai Municipality
- With the trade license, there is the freedom to expand your business branches to other parts of the UAE
- Unlimited scope of setting up various businesses
Understanding Dubai Freezone
The UAE’s Freezone has become the major trading hub of the region due to the business support offered by the government and the Freezone authorities. Everyone can opt for the Freezone to set up their company in a hassle-free manner, with an affordable company registration fee. There are more than 40 multi-disciplinary Freezones where expats and foreign investors can have full business ownership.
Companies are authorized to perform business within the jurisdiction of their free zone and outside of the UAE. A Freezone company setup is simple but requires the proper knowledge and guidance of experts.
Some valuable benefits are:
The Freezone Dubai trade license is issued by the respective Freezone Authority after the company registration
Fast and easy business setup procedures
100% foreign ownership
Certain tax exemptions
100% exemptions on customs duties
Modern and sophisticated infrastructure
Easy access to regional and global markets
Access to developed business communities
How can INCORP help?
Starting a business can be a daunting task for every new entrepreneur or investor. With INCORP’s guidance, you can learn everything about company formation in the UAE. We provide a broad array of professional services necessary for setting up a business in the desired business areas.