Frequently asked questions
How to setup a business in the UAE? What distinguishes Mainland, Free zone, and Offshore Companies? What steps are involved in starting a business in Dubai? What varieties of business licenses are available? Talk to a business setup adviser from BACT Business Setup for Free if these are the concerns you have! In addition to assisting you with any of your questions, we also provide you with comprehensive solutions to help you achieve your goal of setting up a company in Dubai.
You may take a quick look at the FAQ’s section for better understanding:
1. WHAT KINDS OF UAE COMPANIES CAN I START?
In the UAE, firms can be established as offshore, free zone, or mainland enterprises. A local service agent is necessary for business setup on the UAE mainland, and the Department of Economics Department in Dubai issues the business license. In a free zone, you are only allowed to operate inside a specific geographic area, and the company needs a license from the relevant free zone authorities.
Keep in mind that you can own your company outright in each of these business zones, namely the mainland and the free zones, at 100%. The company formation professionals at BACT assist you in incorporating your ideal business in the UAE by handling the necessary licenses, paperwork, translation, and other tasks.
You can protect your assets and riches with an offshore company in the UAE, but you can only conduct business outside of the country. The company receives a certificate of incorporation rather than a trade license.
In the United Arab Emirates, almost any form of business can be founded, and the Economic Department has registered and approved thousands of different businesses. However, it is best to be certain before beginning. So, talk to a setting up a business consultant for Free! Send us an inquiry!
HOW TO Begin AN LLC COMPANY IN DUBAI?
You must reserve a trading name and get preliminary approvals to form a limited liability company in Dubai Mainland or any place else in the UAE. The Department of Economic Development must also receive a memorandum of association for the business, the lease contract, and all other required paperwork.
A rented office space is also necessary, along with a partnership with a citizen of the UAE and any extra certifications from the government. You may start a business in Dubai with BACT Business Setup and not worry about the prerequisites.
Starting at only Rs. 5,00,000, we provide all-inclusive, cost-effective packages. However, the demands and costs vary depending on the type of firm. Contact our company setup consultants in Dubai to receive an accurate quote for setting up an LLC in Dubai.
2. WHAT ARE THE ADVANTAGES OF A BUSINESS SETUP IN MAINLAND UAE?
You can open a commercial relationship and engage in commerce with any nation as a mainland UAE company. In contrast to free zone enterprises, who are only compelled to conduct business within the free zones and have a restricted business scope, you have access to reasonably priced leasing office space because you are not geographically restricted.
3. WHAT IS A FREE ZONE?
Free Zones are places set up for businesses with a global presence and full foreign ownership. Businesses are only allowed to operate in the respective free zones and nowhere else in the UAE.
4. WHAT ARE THE ADVANTAGES OF A BUSINESS SETUP IN UAE-FREE ZONES?
You can acquire freehold property anywhere in Dubai as a free zone company and have complete ownership of your business. Certain free zone business settings in Dubai are exempt from paying taxes and import or export charges, but not all of them are.
5. HOW MUCH TIME DOES IT TAKE TO SET UP A BUSINESS IN DUBAI?
Company formation in Dubai Mainland can be completed in less than 72 hours with BACT Business Setup, but you must have the necessary paperwork on hand. We can create enterprises in the UAE in just three days since we are dependable partners and have been associated with the Department of Economic Development in Dubai for more than 18 years. In UAE-free zones, forming a company can take three to ten days.
6. WHAT ARE THE KINDS OF UAE BUSINESS LICENSES OR TRADE LICENSES IN DUBAI?
In the United Arab Emirates, there are four different types of business licenses or trade licenses: commercial licenses, issued to businesses engaged in any kind of trading activity, industrial licenses, issued to businesses engaged in any kind of manufacturing or industrial activity, and special licenses. The last one is the tourism license, which is given to travel, tourism, and hospitality businesses in the UAE. Professional licenses are given to service providers, craftsmen, professionals, and artisans.
7. WHAT ARE THE DOCUMENTS REQUIRED FOR BUSINESS LICENSE RENEWAL IN UAE?
You must submit a new Memorandum of Association with the required changes in order to renew your trade license, as well as a Real Estate Regulatory Agency-issued certificate of authenticity for the leasing contract.
Our Consultant will directly serve you with our competitive UAE authorities as a UAE top-class Consultant and Company Formation agent in the UAE . Get Free Consultation and now more about our Company Formation services Such as “International Business Corporations, Holding Company HC and LLC Company and Free Zone Company.”
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