Frequently Asked Questions
Looking to establish a business in the UAE but unsure about the setup process? Wondering about the distinctions between Mainland, Freezone, and Offshore setups? Curious about the procedures for setting up a business in Dubai and the types of trade licenses available?
If these questions are on your mind, consider reaching out to a business setup consultant from OJO Business Setup – completely free of charge! We not only provide guidance to address all your uncertainties but also offer comprehensive solutions to help you realize your goal of launching a business in Dubai. For a clearer understanding, you can also browse through our FAQ section.
How can I initiate the formation of an LLC company in Dubai?
To set up a limited liability company in Dubai Mainland or elsewhere in the UAE, you must first reserve a trade name and secure preliminary approvals. Additionally, you’ll need to draft a memorandum of association for the company and submit the lease contract along with other essential documents to the Department of Economic Development.
Moreover, you’ll need to collaborate with a UAE national as a partner and may require further certifications from authorities. Renting an office space is also mandatory. With OJO Business Setup, you can kickstart your business in Dubai and alleviate concerns about fulfilling these requirements.
What is the cost of setting up a business in Dubai?
Setting up a business in Dubai costs 19,500* AED, covering various administrative and licensing fees. This initial investment unlocks opportunities in the vibrant economy of the United Arab Emirates, renowned for its growth potential and business-friendly environment. Dubai’s strategic location, progressive policies, and modern infrastructure attract entrepreneurs worldwide.
Beyond financial considerations, establishing a presence in Dubai provides access to a diverse market with significant purchasing power, positioning businesses for regional and global success. The city’s dynamic ecosystem fosters innovation and collaboration, offering fertile ground for startups and established enterprises alike.
Furthermore, Dubai’s tax-free environment and efficient regulatory processes reduce operational expenses and maximize profitability. With a robust legal framework and government support for entrepreneurship, the cost of business setup in Dubai represents an investment in a prosperous future, rather than just an expenditure.
What advantages does setting up a business in Mainland UAE offer?
Being a mainland UAE company allows you to engage in business with any country and trade without restrictions. You have access to cost-effective office spaces as you are not confined to specific geographical areas, unlike free zone companies, which are restricted to operating within the free zones and have limited business opportunities.
What advantages does setting up a business in UAE free zones offer?
As a free zone company, you have the advantage of owning your company entirely and can access freehold property anywhere in Dubai. While not all, some free zone business setups in Dubai are exempt from paying taxes and import/export duties
How long does it take to initiate a business in Dubai?
With Shuraa Business Setup, company formation in Dubai Mainland can be completed in less than 72 hours, provided you have all the necessary documents ready. With our trusted partnerships and over 18 years of experience working with the Department of Economic Development in Dubai, we can establish businesses in the UAE in just three days. Company formation in UAE free zones typically takes between 3 to 10 days.