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Dubai

Why Set Up a Company in Dubai?

An entrepreneur or a business owner stands to gain from a company formation in Dubai. The city has an open market due to its non-aligned economic policy. Hence, Dubai has remained inviting for the last two decades and has the highest number of expats dominating foreign owned companies. The economic policies have worked in favour of this city, which makes almost all the countries willing to do Trade and setup their offices in this magnificent city.

The companies which set up their offices in Dubai get the benefit of a large local market and the Saudi Arabian Emirates. When it comes to legal matters, Dubai has upfront rules and regulation in the case of company formation. It also offers foreign investors incentives in the form of tax exemptions, visa relation for workers, etc. These factors lead a business owner to invest in Dubai in the shape of company formation.

Process of Company Formation in Dubai

The process of company formation is a simple step of applying for a business license. Depending on the nature of the activity the business license is divided into three broad categories that include the industrial, trade and the professional license. The application process is a notification to the authorities for expression of interest to setup a business. The following are the details of the specific grants:

Industrial License: This license is primarily requested for manufacturing products. The licensee has the right to convert raw materials into semi finished goods in the location by use of power or any other energy legalized by the state.  Assembling and packaging also are done on the same premises.

Trade License: This type of license is issued to a business owner or investor to engage in retail or wholesale trade in the country. Investment areas which call for trade license are transport, hotels and general contractors. The license issued in this case is of two kinds: General Trading or Specific Trading. The specific trade license limits the scope of the business.

Professional License: If the dependency is more on the skills rather than capital investment, then a professional license is what a business owner should seek. Companies such as educational providers, engineering services, financial planners, medical practitioners, and consultants come under the purview of professional license.

It is advisable to connect with Business Setup Worldwide to know further on the type of license an investor needs to acquire for setting up the business. The application process and the type of government departments to approach are crucial for the purpose authorisation.

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Business License Services in Dubai
E-Commerce License in Dubai
Freelancer License in Dubai
General Trading License in Dubai
Manpower License in Dubai
Restaurant License in Dubai
Travel Agency License in Dubai
Pharmacy License in the UAE
Tax Services in Dubai
Visa Services in Dubai
PRO Services in Dubai
Local Sponsor Services in Dubai
Corporate Bank Account Opening in Dubai
Shelf Company Formation in Dubai
Tax Residency Certificate in UAE
Business Center in Dubai
Cafeteria License in Dubai
Cleaning Company License in Dubai
Commercial License in Dubai
Construction License in Dubai
Consulting License in Dubai
Food Truck License in Dubai
Freelancer License in Dubai
Grocery License in Dubai
Import and Export License in Dubai
Industrial License in Dubai
Limousine License in Dubai
Private Clinic License in Dubai
Professional License in Dubai
Recruitment Consultancy License in Dubai
Spa License in Dubai
Tour Guide License in Dubai

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Frequently Asked Questions

What is the license fee in Dubai TechnoPark?

The annual license fee in Dubai TechnoPark is:

  • For Trading and Industrial License: AED 5,500 up to 7 products from one group, AED 9,000 for up to 12 products from 2 groups
  • For Service License: AED 8,000

What is the lease period of the land provided by Dubai TechnoPark?

The lease period of land in Dubai TechnoPark is 15 years, and it is renewable.

What is the lease period of an office space provided by Dubai TechnoPark?

The lease period of an office in Dubai TechnoPark is 1 year, but it is renewable.

Other than innovation and infrastructure, which other sectors does Dubai TechnoPark focus on?

Apart from innovation and infrastructure, Dubai TechnoPark focuses on the following sectors:

  • Life Sciences
  • Sustainable Industrial Development
  • Information and Communication Technologies
  • Socio-Economic Knowledge

Dubai TechnoPark focuses on which economic sectors?

Dubai TechnoPark focuses on the following economic sectors:

  • Water Resource Management
  • Development of Alternative and Efficient Energy Resources
  • Environmental Resource Management

What type of license does Dubai TechnoPark issue?

Dubai TechnoPark issues the following types of licenses:

  • Industrial Activities License
  • Professional Activities License
  • Trading Activities License
VIEW MORE
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10 Simple Steps to Start a Business in Dubai as a Foreigner in 2021
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How to Start a Business in Dubai Mainland
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All you need to Know About Dubai Techno Park
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Steps to Be Taken After Incorporating an E-Commerce Company in Dubai
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The Guide on Setting up a Food Truck in Dubai
Your Guide to Business Setup in Dubai Healthcare City Free Zone
The Ultimate Guide on Setting up an Industry in Dubai
5 Reasons for Outsourcing Payroll Services in Dubai
How to Register a Trademark in Dubai 2019
Why Audit Services are required in Dubai?
13 Simple Steps to Start a Business in Dubai 2019
A Guide to Obtaining Restaurant License in Dubai
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8 Reasons to Invest in Dubai in 2019
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How to Start a Business in Dubai Flower Centre (DFC)
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