Are you planning to set your business in Dubai? Before deciding to start up any business in any industry, make sure you will comply with all the government regulations and procedural requirements. If yes, then setting up a business is an easy process!
There is no need to go hyperventilating thinking about the rules and regulations because Smartcare is here to rescue!
Foreign businessmen or investors who want to set up a business in Dubai can select to register their company in Mainland (onshore), Offshore, or in Free Zone (self-regulated area). We, at Smartcare, facilitate hassle-free and quick registration and company formation in any three of those areas.
UAE is a country that enjoys a reasonably strategic location, large dominant wealth fund, substantial financial reserves, promising investor home economies and reliable government spending. The primary focus of the government is on Economic diversification; therefore, investors and businessman all around the world are welcome here to set up their business.
Dubai is one of the top cities that provides long-term value to the entrepreneurs.
At Dubai, there is a major port that links 140 ports in 6 countries.
The globalization is massive in Dubai, which generates major profit for Entrepreneurs.
The economy remains stable without any sudden changes.
42,000 millionaires live in Dubai and the crime rate of this city is the lowest.
UAE has strict laws, which protests all the entrepreneurs and their businesses.
Many investors do not invest in businesses in the UAE because of the mandatory law of having a UAE national as a 51% shareholder in mainland companies. Whereas in Free Zone companies, the investor enjoys 100% foreign ownership; therefore, free zones have become a popular choice for businessmen across all the UAE.
A Free Zone entity is a designated area that has special tax free status and minimum trade restrictions where goods are produced, assembled, imported/exported or reconfigured without paying any customs duty.
Along with the 100% foreign ownership, there are some other key benefits of investing in a Free Zone company:
At Smartcare Dubai, we guide you through each step of your business journey. Although the process is quite detailed, below is an 8 Step Process highlighting the essential incorporation procedure for your mainland company formation in the UAE.
The type of trade license you require for your Freezone company in UAE depends on what kind of business are you going to conduct. Below is the kind of license for Freezone company formation in the UAE.
This type of license allows you to do trading activities such as import and export, and deal with them in the trade and distribution of goods and commodities.
With an industrial license, you are permitted to manufacture, package, and process.
If you are looking to offer professional services such as accountancy or consulting, then this type of license is the ideal choice.
If the UAE government has acquired at least 51% Ownership of your manufacturing business in the UAE, you need to apply for a National Industry Licence.
This type of license is provided only by select free zones and is usually only granted to tech startups with a focus to scale regionally and to Tech start-ups aligned with the UAE National Innovation Priority Sectors. This type of license is not available for technology service providers.
In UAE you must legally register your online store to sell goods. This type of license enables you to carry out e-commerce activities.
The Freelance permit, in essence, is not a trade license but rather a permit that enables you to offer services and expertise as a sole practitioner. You cannot employ staff. The permit can be considered as legal permission for you to render your services as an independent, individual contractor. The permit holder can also apply for VISA him once the permit is issued. Once his VISA is stamped on the passport, he can sponsor his family visa.
All the free Zone companies in Abu Dhabi can apply for a Branch of Free Zone company license from DED Abu Dhabi, without the requirement of an Emirati National as the LSA(local service agent) and Office space in the Mainland. The free Zone will act as the LSA and the companies office space in the free zone will be the office of the branch.