Starting a business in Dubai is very easy when you have the right and required paperwork. However, the documents required, the languages of the documents and the process of acquiring them can be yet long and sometimes tricky, therefore; if you are not familiar with UAE’s rules and preferred language, you might find the formation process difficult. At Global Link, we facilitate the business formation process and save you the hassle
1- Having a Local Sponsor
If you are willing to start up your business in the mainland then, according to UAE law, you need to have a local sponsor. A local sponsor is to own 51% of the company and you will own 49% of the company. The local sponsor will only have an annual fee; however, will not share any of the company’s profit. However, having a local sponsor facilitates the business formation process.
Where to set up a company in Dubai
When it comes to company formation in Dubai, there’s no doubt that a lot of information is required to review and fulfill to get things cleared in your desired location. A business consultant can help you in easy decision making to select the right location which is best suited for your specific business requirements. That’s where Global Links serve the purpose as it completes step by step process of clearing all the formalities without even bothering you, and steering you in the right direction, saving your money and time. Company formation in Dubai is easy with Global Links. We can help you set up a business in Dubai and UAE with our expert team of professionals in various departments.
Setting up of business in mainland
In order to start a business in Dubai, you are given options to either set up in free zone or mainland. If you are setting up in mainland, you need to partner with a UAE national, who will be owning 51% of the company share, where you will be owning only 49% of the shares. Local sponsor is a mandatory requirement if a foreign entrepreneur is planning to set up a business in UAE mainland. The sponsor should be a UAE national.
How to form a company in Dubai mainland?
- Decide your local service agent
- Get name approved from DED
- Make MOA with professional service agent and submission with license application to DED
- Check location suitability, accessibility, and cost
- Get the visa eligibility and requirements cleared
- Choose a business registration consultant as trusted business solution partner
Setting up of business in Free Zone
But this is not the case with setting up a company in free zone. As 51% of the shares need to be given to local sponsor, free zones have gained wide popularity among the entrepreneurs, making it one of the most popular forms of business formation in Dubai. A free zone is an area that offers tax-free status and low trade barriers. Free zones are generally located in strategic geographical locations such as the national borders, international airports, major seaports, etc. to maximize trading activities.
How to set up a business in Dubai free zone?
Setting up a business in Dubai free zone is relatively easier as it requires minimum paperwork and duration. Following are the steps to be followed to set up a business in UAE free zone:
- Determine the type of legal entity
- Choose a trade name
- Apply for a business license
- Choose an office space
- Get approvals and license to register your business.
Bottom line
To save your time and money, it is recommended to complete your company formation process through professional company formation consultants in Dubai. Global Links offer complete solutions for your company set up in Dubai mainland with the help of our expert guidance and support throughout your company formation process.
2- Choosing a Free-Zone Area
If you do not want to have a local sponsor, then it is better to set up your business in the free-zone area, where you will enjoy 100% ownership of your business. Also, in a free-zone you do not have to pay any taxes, the process of the company formation is a lot easier and faster.
3- Issuing License
There are different types of licenses to be obtained, and each depends on the type of business you are in. A license is permission to set up and run your business in Dubai.
4- Visa Requirements
All foreign employees must obtain visas in order to start working in the UAE. Each type of business is allowed a certain number of visas and depends on the office space, as it calculated per sqm per employee. Obtaining a visa is very easy when you know the right procedures to follow and we can definitely assist you with it.
Global Link PRO Services will assist you with every legal step related to setting up your company in the UAE. We will take care of the whole process from submitting the required documents to the government, creating your legal documents, getting approvals, and any other related tasks. We want you to focus on building your business while we take care of the legal procedures.