A minimum capital of AED 300000 (USD 81,810) is required in Dubai.
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FAQs
What is minimum capital to form an LLC in Dubai?
What are the requisites for registering a business in Dubai?
a) Ascertaining the category/categories (Trade, industrial and/or professional) and type of business activity/activities to be practiced.
b) Register the trade name of the business.
c) Submit the company registration application and the proposed company name to the Department of Economic Development (DED) for an initial approval.
d) Notarize the company’s Memorandum of Association.
e) Leasing premises and contact the counter of the Planning Department of Dubai Municipality in order to verify that the said premise is suitable for the business.
f) File company documents with the Department for Economic Development (DED) and obtain trade license and the Chamber of Commerce and Industry
g) Creation of a name board.
h) Apply for establishment card at the Ministry of Labor
i) Register native workers with the Ministry of Labor
j) Register native workers with the General Authority for Pension and Social Security
What are the advantages of a business setup in a UAE Free Zone? Why is it attractive to register my company in a Free Zone?
Company Registration in a free zone is attractive for the following reasons:
- 100% foreign company ownership
- 100% repatriation of capital and profits
- Exemption from all import and export duties
- No corporate tax
- No dividend tax
- Abundant and inexpensive energy
- Competitive labor costs, skilled work force and easy, recruitment procedures
- One place for all administrative services
- On-site customer’s inspection
- Companies registered in a Free Zone can operate 24 hours a day
How many days do I need to spend in the UAE to register a company and to open a bank account?
One day. The rest of the steps to complete incorporation of your company will be performed by our Advisors.
What are the real business advantages of the UAE, including logistics, manufacturing etc.?
- Minimal cost of production and operational control of the business.
- No corporate tax on most types of activities and no income tax, absolutely little deductions related to the payment of wages.
- Along with significant tax advantages, the UAE has an extensive logistic infrastructure and cheap energy. It also has a fortunate geographical position in the region and can be favorably compared with progressive and friendly legal framework for doing business.
How comfortable is it to live and work there?
The United Arab Emirates is a unique combination of opportunities for business and recreation. Some of the prominent areas include entire business areas, financial districts with a modern stock exchange, great stadiums, theaters, museums and amusement parks. Modern logistics, manufacturing facilities in the Free Economic Zones, well-developed all business and social infrastructure make UAE a fantastic place to live and work.
I am only aware of English; does language create barriers in UAE?
UAE is a multinational country and English is widely spoken across the country.
People might have a different accent but that does not create a language barrier.
Obtaining residence permit in the UAE.
One of the most important factors in the further successful development of UAE is a liberal policy of the area which allows foreigners to lives, work, or just visit the country. UAE have created such conditions for life and work that no one feels like a foreigner in this country.
Do I need a physical office to set up a business in RAK?
This depends on the type of your entity. For someone operating an offshore company, a virtual office is acceptable. A physical office premises must be leased if someone intends to conduct business within the UAE.
What are the rules for licensing in RAK Free Trade Zone?
RAK FTZ requires the companies in its jurisdiction to obtain trade or business license before undertaking any activity. The license issued by RAK FTZ is subject to yearly renewal, for which the company should submit their audit reports.