Additionally, it is essential to stay informed about any changes in labor regulations to protect the rights of your workforce and avoid penalties. Create a comprehensive MOA that outlines the company’s purpose, structure, and shareholder responsibilities. Dubai welcomes a diverse workforce, and there are no restrictions on hiring foreign employees.
The simple and unfussy process helps ex-pats and residents to Set up an online business in Dubai with ease. Therefore, you can concentrate completely on developing and promoting the business. Specify the goods you intend to trade and ensure they align with your business goals. While specifying your initial trading activities, you can add more later to diversify your business. The general trading license allows you to trade unrelated products, from food and clothing to electronics and construction materials. Memorandum of Association establishes the link between shareholders and the firm to third parties and is created during the registration and formation procedure of a company. • Visa costs – If you are planning to apply for an investor visa, you would need to separately budget for the visa costs, which is approximately Dh6,000.
Set up a corporate bank account to manage your business finances efficiently. Free zones offer 100% foreign ownership and various benefits like tax exemptions and simplified import/export procedures.
Choose between setting up your business in a mainland area or a free zone based on your business requirements, target market, and industry. A Branch Office is ideal for foreign companies looking to establish a presence in Dubai without full independence. Branches are considered extensions of the parent company and must engage in similar activities. An LLC is a popular choice for those seeking local partnerships and limited liability protection.
Five steps to start a business in Dubai as a foreigner or non-resident
With all the above steps completed, apply for final approval in the designated department with the help of your business advisor and get your license done. Apply for initial approval from the Dubai Department of Economy & Tourism . Since there is lots of complexities in this it’s better to consult it with a reputable business setup expert like Adam Global. Upon receiving the initial approval from the licencing authority, submit the pending documents and make payments towards the company set-up process. Everything at Jebel Ali Free Zone has been conceived taking into account the specific needs of manufacturing and trading companies.
Choose a company name for your free zone business
The company registration fee is a one-time payment to the free zone authority at the early stages of registering your company. The exact fee will be determined according to the company’s legal structure, and of course, the chosen free zone. The costs for registering a company in a Dubai free zone is not exceptionally varied; it is usually around the range of AED 9,000 to AED 10,000. Read more about company formation in Dubai here. Free zone companies can even engage in multiple activities under one license.
Foreign company registration in Dubai is a promising venture, and we’re here to guide you through each step. This comprehensive guide not only outlines the process but also highlights how you can benefit from expert assistance. Your chosen setup agent can help you with each step, as well as with aligning your company with one of the 2,000-plus permitted business activities. That’s why your first task should be to seek out a company setup agent who can guide you through each step, offering advice and support along the way. If you are already specialised in a certain field, choosing a business activity will pose no problem.