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Company Formation in Dubai

Company Formation in Dubai

Company formation in Dubai has become a top choice among entrepreneurs worldwide due to its strategic location, world-class infrastructure, and business-friendly environment. The World Bank’s Ease of Doing Business report consistently ranks the UAE (of which Dubai is a part) amongst the most streamlined economies globally. 

Getting a license to start a company in Dubai is a straightforward process. The steps usually involve choosing your business activity, selecting a company name, preparing the required documents, and submitting them to the relevant authorities. If you opt for a free zone, the process is even easier. 

Shuraa Business Setup is here to help you in setting up your company in Dubai, starting just from AED 12,500*. From choosing the right business structure and obtaining licenses to offering PRO services and office space solutions, Shuraa is your one-stop solution. 

  1. 100% Ownership
  2. Company Formation in 15-30 days
  3. Dedicated Relationship Manager
  4. Bank Account Opening Assistance
  5. Tax & VAT Consultation

Book a Free Consultation

Top Advantages of Establishing a Business in Dubai

Dubai’s strategic location, state-of-the-art infrastructure, and pro-business policies make it an ideal destination for companies looking to expand their global reach. 

Zero Tax Environment 

Enjoy zero personal and limited corporate income taxes, making Dubai a tax-efficient choice.

100% Foreign Ownership

You can enjoy 100% foreign ownership of your company for most business activities, providing complete control.

Access to a Global Market

Dubai positions you perfectly to access a vast and growing market across the Middle East, Africa, and Asia.

Streamlined Business Setup

Dubai has made establishing a business remarkably straightforward. The process is efficient and transparent which allows you to focus your energy on getting your business up and running quickly.

High Quality of Life

Dubai offers a cosmopolitan lifestyle with excellent amenities and a safe environment. This means you can also easily sponsor your family in Dubai, UAE for a higher quality of living.

Reduced Bureaucracy

Dubai has a reputation for minimal bureaucracy which allows entrepreneurs to focus on core business activities instead of getting bogged down in administrative hurdles.

Types of Business Licenses in Dubai

There are various types of business licenses available to cater to different industries. Obtaining the right business license is essential for UAE company formation:

1. Commercial License 

This license allows you to conduct business activities within the UAE mainland. 

2. Industrial License 

If your business involves manufacturing or industrial activities, you’ll need this license. 

3. Professional License 

This license is required for businesses offering professional services like consultancy or engineering. 

4. Trading License 

This license allows you to import, export, and trade goods within Dubai. 

company formation in Dubai

Types of Dubai Company Formation 

Dubai offers various company setup options, primarily categorized into Mainland and Free Zone company formation. 

Mainland Company Formation

Mainland companies enjoy unrestricted access to the entire UAE market, allowing them to trade freely within the country. This is ideal for businesses targeting the local UAE market. The mainland offers a broader range of permissible business activities compared to free zones, which often specialize in specific sectors. 

Key advantages include: 

  • Full business ownership for most business activities. 
  • Mainland companies can trade freely within Dubai and the UAE. 
  • Eligible to bid for government tenders and projects. 
  • Freedom to establish an office anywhere in Dubai. 
Free Zone Company Formation

Free zone companies operate within designated free zones and benefit from tax exemptions and customs duty advantages. Free zones offer unique benefits designed to attract foreign investment. Some of the popular Dubai freezone includes: 

  • Jebel Ali Free Zone (JAFZA) 
  • International Free Zone Authority (IFZA) 
  • Ras Al Khaimah Economic Zone (RAKEZ)
  • Dubai Multi Commodities Centre (DMCC) 
  • Dubai Internet City (DIC) 
  • Dubai Healthcare City (DHCC) 

Key advantages include: 

  • Foreign nationals can fully own free zone companies. 
  • Exemption from customs duties for goods imported into the free zone. 
  • Enjoy tax exemptions for a specified period. 
  • Streamlined visa and employment processes for hiring international staff. 

Our team of experienced consultants can guide you through the legalities of mainland vs. free zone company formation. We’ll help you assess your business needs and recommend the most suitable option for your long-term success in Dubai. 

Steps of Company Formation in Dubai 

Company formation in Dubai is a simple procedure with various requirements at each step. To avoid any difficulty, you have to fulfill each requirement properly. Here’s a simplified overview for foreign investors to understand the process of UAE company formation:

Define the core activities your company will undertake in Dubai. Our business consultants will work with you to identify the core activities your company will undertake in Dubai. 

Decide on the most suitable legal structure for your business (LLC, branch office, etc.). 

Choose and reserve a unique and appropriate trade name for your company. 

Secure initial approval from the Department of Economic Development (DED). 

While not mandatory for all free zone companies, a physical office is required for mainland companies. Shuraa can assist you in finding a suitable office space for your business needs. 

Obtain the necessary trade license to operate your business legally. Our team will ensure you apply for the correct trade license based on your chosen business activity. We’ll handle the application process and liaise with the relevant authorities on your behalf. 

Establish a dedicated bank account for your business transactions, allowing for streamlined financial management. 

Shuraa Business Setup can assist you with obtaining visas for yourself and your employees, ensuring you have the necessary authorization to work and live in Dubai. 

Our team of PRO (Public Relations Officer) executives can handle government liaison and documentation on your behalf, saving you valuable time and effort. 

Company Formation in Dubai - Most Affordable Packages

Dubai, UAE offers a cost-effective environment for company formation compared to many other countries. However, the exact cost can vary depending on several factors, including Business structure, Type of business setup (mainland or free zone), Business activity, Number of visas, Additional approvals & permits 

  • IFZA Freezone: AED 12,500*
  • Dubai Freezone: AED 12,500*
  • Rakez Freezone: AED 10,000*
  • Dubai Mainland: AED 19,999*

However, you can expect to pay anywhere between AED 15,000 to AED 30,000 depending on the factors mentioned above. For the most accurate cost, consult our business setup experts. 

Why Choose Shuraa Business Setup? 

company formation in dubai

Shuraa Business Setup offers end-to-end services to ensure a smooth and hassle-free company formation process. In our over 23+ years of experience, we’ve helped over 50,000 entrepreneurs in realizing their Dubai business dream. Our comprehensive services include: 

  • Company Registration: Full assistance with all registration and licensing requirements. 
  • Transparent Pricing: No hidden fees, just a detailed breakdown of costs upfront. 
  • Sponsorship Support: Providing reliable local sponsors for mainland companies, if required. 
  • Personalized Support: We don’t offer a one-size-fits-all approach. Our team gets to know your specific business goals and tailors our services to your exact needs. 
  • Rented Office Space: Assistance in finding and leasing suitable office spaces. 
  • Business Licensing: Guidance on obtaining the appropriate licenses for your business. 
  • PRO Services: Handling all government-related documentation and approvals. 
  • Cost-Effective Solutions: We find the most economical options for your business goals.

Ready to launch your Dubai dream? 

Contact Shuraa Business Setup today for a free consultation and get a personalized quote! 

Frequently Asked Questions

How long does it take to set up a company in Dubai?

The timeframe can vary depending on the complexity of your business setup but typically takes between 1 and 4 weeks with efficient assistance. 

Do I need a visa to work in Dubai?

Yes, if you plan to live and work in Dubai, you’ll need a visa. Shuraa Business Setup can assist you in obtaining the necessary visas for yourself and your employees. 

Can I open a corporate bank account online?

While some banks may offer online options, opening a corporate bank account often involves in-person meetings and document submission. Shuraa Business Setup can guide you through this process. 

What are the tax implications for businesses in Dubai?

Dubai offers a tax-friendly environment. There is typically no corporate tax for profits below AED 375,000 and free zones.