Business Setup & Company Formation

When We Think Of Setting Up A Business, We Believe In Speedy ‘Inception To Market’ Procedure

Every country has certain norms for company formation for its local and foreign investors, and unless you follow those norms, you cannot conduct business there. Similarly, while setting up a business in Dubai or any other emirates of UAE, you will have to follow the mandatory rules and regulations for business setup here.

Starting from trade licensing, company registration, company formation to locating an office for rent requires a lot of paperwork and approvals from various authorised departments. The entire process is simple and takes only a few days, but you must ensure that nothing is missed. Therefore it is essential to find out those rules and regulations associated with company formation in Dubai or any other emirates of UAE.

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Why Do You Want to Setup Your Business in Dubai (UAE)?

The United Arab Emirates is one of the most favourable business hubs for the business community worldwide. The country has introduced numerous investor-friendly schemes and policies to attract new entrepreneurs, start-ups, and established investors in the last two decades. The idea was to encourage them to start their businesses in the UAE. The results are prevalent across the UAE, and Dubai is the most prominent emirate among all. Today, UAE is home to millions of small and medium-sized enterprises and decent numbers of big corporate houses and multinational companies. Interestingly, most of the investors have found Dubai more conducive for their business.

How to Setup a Business in Dubai and UAE?

Setting up a business in any part of the UAE is very straightforward, though most investors prefer Dubai due to its compelling character. However, the core rules and regulations of company formation anywhere in the UAE is the same. Therefore, you may find a minimal difference, and that is due to their and investors’ convenience.

Here are vital steps to set up a business in Dubai and other emirates of the UAE:

  • Based on your business requirements, determine the type of legal entity required.
  • Choose a business name and prepare the documentation to submit to the government authorities for approval.
  • Choose a business name and prepare the documentation to submit to the government authorities for approval.

Where to Set up a Business in Dubai?

Mainland

Mainland company formation in Dubai can be a profitable investment option for investors and business owners. Mainland companies can operate within the boundaries of Emirati jurisdiction and come under commercialised geographical regions. In Dubai, all business entities within the commercial, professional, and sole establishment registered license under the Dubai Economic Department (DED) are issued Dubai Mainland License. Mainland company formation allows you to extend your business’ offices and branches to other parts of Dubai and across the UAE.

Free Zone

A Free zone is a jurisdiction that can conduct a predefined set of business activities in the UAE. The benefits of business set up in Dubai Freezone are - 100% ownership for foreign investors, tax exemptions, 100% repatriation benefits, no foreign exchange restrictions and more. Free zone business licenses include - Trade licenses, Industrial licenses, Service licenses, or National Industrial licenses by the Free Zone Authority.

Type of Companies in Dubai

  • Limited Liability Company (LLC)
  • Free Zone Company
  • Offshore Company
  • Civil Company
  • Branch/ Representative Office

Benefits of Setting up a Business in Dubai

  • No currency restrictions
  • Flexibility to drive the company from any part of the UAE
  • A wide range of license types and business activities permitted
  • Lucrative Mainland Dubai market open to doing business within Dubai and globally
  • No corporate tax
  • No personal income tax
  • Ability to repatriate 100% of Capital and profits
  • Easy availability of work visas
  • A stable local authority, simple processes, easy hassle-free legal procedures for licensing and registration

Trade And Business License In Dubai

To start a business in Dubai, you will first require a trade/business license. Be it a commercial license, professional license, industrial license or mainland license, the Department of Economic Development in Dubai (DED) is the authority that provides licenses to businesses in Dubai. At OBK Business Centre, we make sure the process of obtaining the business license is very smooth for you to avail the benefits of your business regulations.

Type of Business/trade License in Dubai

  • Commercial License
  • Professional License
  • Industrial License
  • Craftsmanship License
  • Freelancer Permit
  • Agriculture License
  • Tourism License

Necessary Formalities for Company Formation in Dubai (UAE)

  • Find Your Sponsor
  • Submit Memorandum of Association (MOA)
  • Submit a report on the purpose of starting a company
  • Submit a report on Capital required for investment
  • Notarise the MOA
  • Trade Name Registration
  • Rent an Office Space
  • Trade License Application
  • Remit the License Fee

Cost of Setting up a Business in Dubai

The cost of setting up a company in Dubai is variable, depending on various factors. The factors can be business activities, business type, business location, office space, legal structure, jurisdiction and many more.
If you plan to start a business in Dubai or any other emirates in UAE, you can contact us at [email protected] or Call @+971 (0) 52 640 2550 and consult with our representatives to understand the process and the cost. They are well-informed about all the requites and guide you in the right direction.

About OBK Business Consultant

We, OBK Business Centre, are one of the most reputable business setup, trade licensing, company registration, company formation and office for rent services companies in Dubai (UAE).

What Makes OBKBC Different?

  • 100% Privacy
  • No hidden costs
  • 100% ownership
  • Free consultation
  • Plug and play
  • Easy documentation
  • Set up your business in the GCC region
Business Setup in Dubai

FAQs for Business Setup

What is the difference between Commercial License and Professional License?
A professional license is for qualified professionals or individuals (like Consultants, Engineers, Architects, Teachers, Doctors, etc.). The license permits them to perform their job in their area of expertise in Dubai. Commercial license business owners can engage in commercial activities like trading of, goods and services, construction, renting, etc. in the United Arab Emirates.
How do I open a bank account for my new business established in the UAE?
After your company formation, registration and business setup processes are done, you can contact a bank directly, or get in touch with an agent who can help you in the opening of a bank account with international & local banks as per your business needs.
What are the types of licenses to set up a business in UAE?
There are three different types of license required as per your business activities:
● Commercial license to engage in the trading business
● Professional license for professional services
● Industrial license if you have a manufacturing or industrial business.

our location

OBK Business Centre LLC