One of the requirements for registering and doing business in the UAE, as well as opening a corporate bank account in the UAE, is the lease of commercial premises. The UAE offers a variety of commercial space rental options such as a physical and virtual office, warehouses and marketplace. The type of rented premises must correspond to the activities of the company. Our consulting company Make Fortune carries out the selection of commercial real estate, taking into account all the parameters of the company. The cost of renting or buying commercial real estate depends on the size of the object and location. Other important factors also depend on the location of the business, in particular, the principles of organizing logistics, the need to include a local partner in the founders list or conclude an agreement with an agent, plans for obtaining tax residency, a list of banking services provided, the choice of business area, renting offices, warehouses , retail space.
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Why is it profitable
to open a business in the UAE?
The United Arab Emirates has a soft tax policy towards foreign entrepreneurs and an attractive investment climate.
There is no shortage of professional personnel in the Emirates. The state has created favorable conditions for business development. This attracts talented professionals from all over the world to the country.
The UAE is a politically stable and secure country with a high standard of living.
Doing business in the United Arab Emirates assumes the absence of income tax, income tax and tax on dividends. Value added tax of 5% on profits above 100,000 USD is payable only in the case of activities within the UAE.
Developed air communication with all the leading air harbors of the world allows delivering goods to any country.
The UAE is not on the "black list" of countries with which cooperation is prohibited by the European Union. Therefore, they are an excellent option for transferring assets from one tax jurisdiction to another.
Lack of information exchange with the tax authorities of other countries, clear rules for regulating business and protecting the rights of entrepreneurs.
The state is actively investing in the digital future and modern technologies. The UAE is one of the leading countries in the field of digital transformation: blockchain is working, artificial intelligence is being actively introduced, and a digital government has been created.
How much does it cost to open a company and get comprehensive legal support in the UAE?
How to conduct registration
business in the UAE with us?
FAQ
Is it possible to start a business in the UAE?
Yes, you can open a company in the UAE with 100 percent foreign ownership. A key factor in the economy of the United Arab Emirates is foreign investment, as demonstrated by the following statistics: 90% of the population is made up of foreign citizens.
How long does paperwork take?
The time to obtain a license depends on the free zone and on the emirate. The longest registration time in Dubai and Abu Dhabi can take from 2 weeks to a month, in other emirates - from 3 working days. Obtaining a UAE resident visa takes up to 3 weeks. Opening a bank account from 1 month.
What is the probability of registration success?
Before concluding a contract, we evaluate the profile of each client. Therefore, the probability of successful business registration is 100%. When obtaining a visa and opening a bank account, we guarantee the perfect preparation of documents, but the decision rests with the official authorities and the banks of the UAE.
What is the cost of registering a company in the UAE?
The cost of setting up a company depends on many factors, such as the type of business, the size of the office space and the number of visas required. As an example, one of the most economically advantageous options in the market right now is the AMCFZ free zone in the emirate of Ajman. The cost of a visa-free license is AED 6,166 (USD 1,678). Obtaining a turnkey resident visa will cost you approximately 9,175 UAE dirhams (2,500 US dollars). Additionally, in order to open a corporate account with a United Arab Emirates bank, you will be required to rent an office.
What kind of reporting should a company in the UAE keep?
Almost all companies in the UAE are required to provide annual information on beneficiaries. Other documents such as financial statements, VAT return, economic substance report, transnational report, the annual money laundering and terrorist financing risk assessment report is submitted only by companies that meet certain conditions.
What is the most profitable business in Dubai?
Due to the UAE's current and diverse nature, it is difficult to single out just one area of business. The most profitable industries include IT technologies, construction, real estate, tourism, food, re-exports, and others.
Which forms of company ownership are prevalent in the UAE?
In the UAE free zones, you can register a Free Zone Establishment (FZE) - a company with one founder (individual or legal entity), and a Free Zone Company (FZC) - which is a limited liability company with two or more founders and a branch office of a parent company. A local company may set up a Limited Liability Company (LLC), a Sole Establishment/Civil Company, a Branch of a foreign company, or a representative office. There are a number of free zones in which you can set up an offshore company.
What business needs to be licensed in the UAE?
In fact, every company in the UAE must obtain a license to operate. Business activity in the UAE can be regulated and unregulated. To obtain a license for non-regulated activities, you only need to pay a license fee. While obtaining a license for a regulated activity requires obtaining additional permits from various authorities. For example, to trade fertilizers, you need to get additional permission from the Ministry of Climate and Environment, and to obtain a permit for activities related to public transport, you need to apply to the Road and Transport Authority.
Is it required to pay the authorized capital before registering a company?
Depends on the free zone in which you register a company. Some free zones do not have share capital requirements, other free zones have a requirement to contribute a certain amount as share capital. After depositing this amount to the company account, you can use them in your business activities.