Start Your Business in Dubai Today!
Within a matter of years, Dubai has achieved a feat unlike any other place in the world and has cemented itself as a global business hub. Millions of people from every corner of the globe dream of running a successful business empire in the UAE.
Luckily, the Dubai government makes this possible by offering very attractive laws and corporate-friendly policies. As a result, there is an 80% expatriate population in the Emirates, and many more people relocate there each year for a lucrative business setup.
However, the process for company formation in Dubai can be tricky for those who are new to the Emirates. This is why our team of specialist business setup consultants in Dubai helps you start a business in Dubai in the easiest way possible!
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Fast and Easy Company Formation in Dubai
We are experts at the business setup in Dubai. Our team of business setup consultants is highly skilled and experienced in helping thousands of businesses easily set up and begin operating in the Emirates. With our 100% success rate, we are confident in our ability to help you get your company up and running in no time!
If you are ready to start a business in Dubai, then you have come to the right place. We take care of all the tedious paperwork and procedures for company formation in Dubai. This way, you can focus on making your business as profitable as possible!
Steps to Successful Business Setup in Dubai
We help you establish your business activity, choose the right business structure, and guide you to choosing the best jurisdiction (mainland, offshore, free zone) for setting up your business in Dubai!
We guide you throughout the entire business setup application process for your required jurisdiction. We take care of the government procedures, documentation, and paperwork for a smooth application process!
Approval and Licensing
We help you get approved for business setup without any hindrances. Moreover, we will oversee all application processes for obtaining your trade license and visas in Dubai!
UAE offshore company structure helps you secure your assets in the safest profitable manner. As Blue Crayon consultants we undertake the entire process of your Offshore company set up for Ajman Offshore, RAK Offshore and Jebel Ali Offshore in minimum downtime and competitive packages.
Dubai’s accessible work environment, remarkable infrastructure, tax-free benefits and other Govt. Blue Crayon’s Dubai Company Formation services allow you to set up a Limited Liability Company and avail zero taxation, low capital investment, no limitations on recruitment.
Free zone company formation in UAE is a great option for investors seeking tax-free environment to practice their business while enjoying the privilege of 100% foreign ownership, financial privacy, fast employee and family visa processing, residency and accommodation in UAE.
Frequently Asked Questions (FAQ)
There is a huge list of things you need to get done. The process of starting a business in Dubai-UAE may seem quite complicated when you have decided to do it on your own. A genuine business consultant or an agent can help you handle things as well as understand things that need to be taken care of.
First, you need to ensure that you are eligible to start a business in a foreign place such as Dubai-UAE. You’ll need to get a business visa, which necessitates the person applying should have at some point in their career have set up a business.
Once you have confirmed your eligibility, initially, you’ll have to choose your business activities, a name for business, and business jurisdiction, not necessarily in that order. You can also refer to our Steps to Start a business in UAE: A complete guide.
Dubai mainly has three corporate jurisdictions, free zones, offshore, and Mainland. There is a main difference between all these three jurisdictions, which has to do with their purpose of existence. Free Zones doesn’t allow the business to conduct business outside Dubai, UAE. An Offshore company is not allowed to do business inside the UAE. In contrast to both, Dubai Mainland companies can do business both outside and inside the UAE. Moreover, Mainland businesses have to obtain their license from the Department of Economic Development in Dubai.
In September 2018, the Foreign Direct Investment Law (FDI) came into the picture. At first, the law focused on new opportunities for foreign investors in some business sectors. In July 2019, an announcement regarding the relaxation of restrictions for certain business sectors was made.
Before 2020, an investor had to form a 49-51% ownership contract with UAE nationals. The law prevented foreigners from owning more than 49% of a company in Dubai Mainland, UAE. Since March 2020, 122 business activities over three primary sectors have been granted the opportunity for 100% ownership, with the respective authorities being tasked with implementation. Find the complete list of 122 business activities across the following business sectors here.
- Agricultural Sector
- Manufacturing Sector
- Services Sector
Compared to other jurisdictions, it has a high setup cost, but the benefits weigh in the favor of Dubai Mainland.
A comparison between the three jurisdictions will give you the difference but will not tell you which of them is better on the whole, as it depends wholly on a particular business’s needs. So, what we do is help applicants find the right fit for their businesses. Freezones allows an owner to retain complete ownership of their business, but you can only conduct business activities in that free zone. It is better to have all the information at hand before you take the step.
For finding out how to start a business in one of the free zones, refer to our guide: Steps to Start a business in UAE: A complete guide.
In order to get your business recognized as a legal entity, you will require a business license. In Dubai, the department of economic development grants licenses to mainland companies as well as individuals. For free zones, the business licenses are issued by private authorities.
Additionally, you have to understand the four types of business licenses available:
- Industrial License, which is issued to industries manufacturing goods.
- Commercial License, which is Issued to general trading businesses.
- Tourism licenses are reserved for tours and travel industries.
- Professional license, which is Issued to service-related businesses.
For getting a business license for Dubai Freezones, you need to get in touch with the respective authorities.
Now, we are sharing the requirements for getting a business license for Dubai Mailand:
- Approvals from the Department of Economic Development as well as other authorities are necessary and need to be presented with your business license application.
- The presence of at least one business partner is mandatory while applying for business licenses.
- You need to have a finalized Trade name, business activities, and business’s legal structure.
- You need copies of passports and residency visas of all the business partners and managers.
- Foreign business partners need a NOC from the local sponsor.
- You’ll also need a registered Ejari and tenancy contract for your finalized office space.
Once you submit these documents, you’ll be assigned either a transaction number or a payment voucher. After you make the final payment, you can collect your business licenses.
- Complete ownership
- Comparatively low business setup costs
- You can’t perform business outside the free zone
- Some business are subjected to audits
- Business License provided by private authorities
- Complete Ownership for 122 business activities across three agricultural, manufacturing and service sectors.
- High business setup costs.
- Business activities can be conducted locally as well as globally.
- All businesses are subjected to audits each financial year.
- Business License provided by the Department of Economic Development.
Communication Skills: Although it’s strange to say that comfort and communication skills are factors that one needs to consider before they hire a business consultant, they seem quite obvious to many and are often neglected. Their communication skills as well as personality factors into your whole business relationship. Therefore, it should be taken into consideration. Consultants that can clearly put their views and ideas into words are more confident and aware of the business.
Experience and Knowledge: Experience is a key factor in selecting a consultant. Fortunately for us, technology has presented us with a unique opportunity to track down testimonials, references, and reviews. It helps find out things about a consultant before we invest in them. Initially, when you contact a consultant, ensure that they know what they are talking about.
An authentic consultant will not just make helpful suggestions but will guide you through the process by leveraging their networks. Any knowledgeable consultant will be to understand your issues and provide solutions for them. There is a high chance that they have already experienced similar issues with other clients and so can quickly offer you a solution. And if they haven’t experienced this before, they’ll still try to come up with a solution for it.