Company Registration in Dubai

Dubai is among the top destinations for entrepreneurs, investors, and business owners. It has a thriving economy and its local laws and policies promote robust business growth. For many business advocates in Dubai, this country is surely a great place to start achieving your dreams.

Now, if ever you decided to form a company in Dubai, you will need to know basic information about how to accomplish this. Continue reading this post and you will gain an overview of what to expect when starting a company in this rich country.

Determine business type

You need to know the type of business that you want to start. This will dramatically direct the course you should take when forming a company in Dubai. Your business type will determine the type of license you need as well as other legal requirements you must to comply with.

Choose company structure

When setting up a company in Dubai, you have several options. However, the three most common options according to corporate lawyers in Dubai are the free zone, offshore, and onshore businesses.

• Free zone – businesses within the free zone enjoys a wide range of advantages. Foreign investors or expatriates can start a business in the free zone and gain the ability to own the business 100%. No need for a local UAE sponsor. Most free zones also provide tax exemptions on exports and imports.
• Offshore – offshore businesses are also established within a free zone. These businesses can take advantage of assets protection, financial confidentiality, risk management, and inexpensive startup cost, among others. The biggest drawback though is that offshore companies cannot directly trade within the UAE.
• Onshore – to be able to start an onshore business, a foreign investor must have a local sponsor or partner. Onshore companies are under the local legislation of Dubai. The best thing about onshore companies is that they can directly make business in the UAE and choose a wide range of business form.

Select location

Once you have prepared your legal documents, it would be a good idea to create a list of possible locations of your business. Include the cost and details of each option to determine which of them will meet your needs, preference, and budget. If you decide to choose the free zone, you can ask an attorney in Dubai for help to find the right place for you.

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