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Dubai is a thriving business hub that attracts entrepreneurs and investors from around the globe. With its strategic location, pro-business environment, and world-class infrastructure, it’s no surprise that many businesses are keen to establish a presence in this dynamic city. Whether you are planning a mainland business setup in Dubai or considering a business setup in Dubai freezone, the process can be complex and requires a clear understanding of the local regulations.
In this blog, we’ll walk you through the steps of setting up a business in Dubai, explain the options available, and highlight how ExpressPRO can simplify the process with our business support services in Dubai.
Step 1: Determine the Type of Business Setup
Before you start the registration process, it’s crucial to decide what type of business setup is suitable for your company. There are two main options in Dubai:
Mainland Business Setup
A mainland business setup in Dubai allows companies to operate both within the UAE and internationally. Mainland businesses have the freedom to trade anywhere in Dubai and across the Emirates without any geographical restrictions. The UAE government has made recent reforms allowing 100% foreign ownership in several sectors, making it easier for international entrepreneurs to establish their businesses.
Key benefits of mainland setup:
- Ability to trade freely across the UAE
- Opportunity to work on government contracts
- No limitations on office locations
Freezone Business Setup
For companies that do not need direct access to the UAE market, a freezone business setup in Dubai can be a great option. Dubai has over 30 free zones, each catering to specific industries. Free zones offer several advantages, including 100% foreign ownership, tax exemptions, and zero customs duties.
Key benefits of Dubai freezone business setup:
- 100% foreign ownership
- Full repatriation of profits and capital
- Tax exemptions for certain periods
- Simplified setup process with streamlined regulations
ExpressPRO specializes in both mainland business setup and Dubai freezone business setup, guiding entrepreneurs on the best options based on their business needs.
Step 2: Choose Your Business Activity
Once you’ve decided on the business structure, the next step is selecting your business activity. Dubai’s Department of Economic Development (DED) provides a comprehensive list of approved business activities. You need to choose the correct activity to ensure compliance with the regulations.
The business activity will also determine the type of license you need. For example:
- If you’re involved in multiple trading activities, a general trading license in Dubai will be necessary.
- Service-based businesses will require a professional license in Dubai.
Choosing the right activity is crucial because any mistakes could delay the registration process. This is where ExpressPRO can help by providing personalized advice on selecting the most appropriate business activity for your company.
Step 3: Choose a Trade Name
Choosing a trade name is an essential part of the business setup in Dubai process. The name must adhere to Dubai’s naming guidelines. It should not include any offensive terms, religious references, or names of global organizations. The trade name must also reflect the nature of the business.
ExpressPRO can assist you with the trade name reservation, ensuring that your chosen name complies with local regulations and gets approved quickly.
Step 4: Obtain Initial Approvals
Once your trade name is approved and the business activity is selected, the next step is to obtain initial approvals from the relevant authorities. This includes approval from the DED for mainland companies or from the free zone authority for free zone businesses. These initial approvals confirm that you can proceed with the business setup process.
ExpressPRO ensures that all necessary documentation is prepared and submitted to obtain these approvals without unnecessary delays.
Step 5: Draft the Memorandum of Association (MOA)
For mainland business setup in Dubai, drafting a Memorandum of Association (MOA) is mandatory. The MOA outlines the company structure, ownership percentage, and the roles of partners. This document must comply with UAE law and be notarized by a public notary.
Free zone companies might require a similar document depending on the free zone’s regulations.
ExpressPRO’s team of legal experts assists with drafting and notarizing the MOA, ensuring that it complies with UAE regulations and covers all the necessary clauses for a smooth setup.
Step 6: Secure an Office Space
Both mainland and free zone businesses are required to have a physical office address. For free zone companies, some zones offer flexible office solutions, such as shared spaces, which are cost-effective for startups.
The office space requirement varies depending on the type of business activity. For instance, trading companies may require warehouse facilities, while consultancies might need office space.
ExpressPRO offers a variety of business setup packages in Dubai that include assistance with finding the right office space, whether it’s a physical office or a virtual office option.
Step 7: Apply for a Business License
Once the documents are in order, and office space is secured, the next step is to apply for a business license. Depending on your chosen activity, you may need to apply for one of the following licenses:
- General Trading License in Dubai: For businesses involved in the trade of goods and commodities.
- Professional License in Dubai: For service-based businesses such as consultants, IT services, or legal advisors.
ExpressPRO handles the entire licensing process, ensuring that you get your business license in Dubai without any delays. They liaise with the relevant authorities, complete all the necessary paperwork, and secure your license.
Step 8: Visa Applications and PRO Services
Once your business license is issued, you can start applying for visas. Entrepreneurs, investors, and employees will require residency visas to live and work in the UAE. The number of visas you can apply for depends on the size of your office and the business activity.
For business owners and investors looking for long-term residency, the UAE’s Golden Visa program is an attractive option. ExpressPRO provides expert advice through their golden visa consultants in Dubai, guiding you on how to qualify and apply for the golden visa services in Dubai.
ExpressPRO’s PRO services in Dubai handle all visa applications, labor contracts, and Emirates ID applications for business owners and their employees, ensuring compliance with UAE labor and immigration laws.
Step 9: Bank Account Setup
Opening a corporate bank account is a critical step in setting up your business in Dubai. UAE banks require several documents, including your trade license, Memorandum of Association, and a shareholder passport copy, among others.
ExpressPRO can assist you in preparing the necessary documentation and connecting you with trusted banking partners to open your corporate bank account.
Conclusion: Simplify Your Business Setup with ExpressPRO
The process of business setup in Dubai may seem overwhelming at first, but with the right guidance, it can be a seamless experience. From choosing the right business structure to securing a general trading license in Dubai or a professional license in Dubai, ExpressPRO offers comprehensive solutions for entrepreneurs looking to start a business in Dubai.
Whether you’re considering a mainland business setup in Dubai or a freezone business setup in Dubai, ExpressPRO simplifies the process with end-to-end business support services in Dubai. Their expertise ensures that you can focus on your business while they handle the legalities, documentation, and visa processes.
So, if you’re ready to start your business setup in Dubai freezone or on the mainland, let ExpressPRO guide you every step of the way. With our tailored business setup packages in Dubai, you can launch your business confidently and efficiently.
