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Dubai - UAE RESIDENT COMPANIES

A business can be practiced in UAE only after the Department of Economic Department of any emirate licenses it.

Main Benefits

Business Environment in Dubai

The Government of Dubai has taken immense care in building up an ideal business environment helping investors from all around the world to establish businesses in Dubai with ease and operate efficiently. The rapid urbanization of Dubai over the past 12 years has helped all types of investors whether small, medium or large in establishing a business presence in Dubai at a fast pace. The companies setting up their offices in the Middle East with Dubai as their main business centre is now increasingly becoming a trend.

The Dubai economy enjoys a competitive combination of cost, market and environmental advantages that create an ideal and attractive investment climate for local and expatriate businesses alike. In fact, these advantages not only rank Dubai as the Arabian Gulf's leading multi-purpose business center and regional hub city, but they place it at the forefront of the globe's, dynamic and emerging market economies.

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Advantages of setting up business in Dubai

The international companies setting up in Dubai can obtain significant cost advantages not generally available internationally like

  • No foreign exchange control
  • Competitive import duties (4% with many exemptions)
  • Competitive labour costs – labour force is multi lingual and skilled
  • Competitive energy costs
  • Competitive real estate costs
  • Competitive financing costs and high levels of liquidity
  • No corporate profit or personal income taxes (except for oil companies and branches of foreign banks)
  • 100% repatriation of capital and profits allowed

With its strategic location, tax-free living and consistently strong economic outlook, Dubai is the ideal base for multinationals and other companies targeting markets in Central Asia, the Middle East, Africa, the Asian Subcontinent and the Eastern Mediterranean.

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How to Start Business in Dubai

Starting a business is easier in Dubai if the investors arrive after careful consideration of their business requirements. These are a few requirements the consideration of which is indispensable in planning even the initial phase of setting up business. These include office space required for business, targeted market for business, number of shareholders and human work force required. It is based on this a suitable option of business registration can be decided. The above requirements also become important factors in deciding the legal structures of business.

The companies in UAE are governed under Federal Law No (8) of 1934 or the Commercial Companies Law in the UAE issued by Late Sheikh Zayed bin Sultan Al Nahyan and published in the Official Gazette No 137 of April 1984. Therefore when we refer to a company in Dubai, it always implies a UAE resident company registered with the Dubai Department of Economic Development subject to the laws of land of UAE. But there are also other options of setting up businesses in Dubai as non-resident companies that are subject to different rules and regulations. These options are (1) business registration in Free Zones and (2) business registration in Jebel Ali Offshore Jurisdiction.

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Business Licensing in Dubai

A business license in Dubai is a certificate that permits a natural person or legal entity to practice a particular type of activity in line with the legal requirements and conditions relating to that particular activity in Dubai. The Dubai Department of Economic Development is the key government body issuing business licenses for resident companies in the Emirate of Dubai. The Free Zone Authorities and Jebel Ali Offshore Authority are the government bodies registering businesses with a non-resident legal status.

The primary step in setting up a business entity in Dubai is the selection of business activities. This is so because the other phases of business setting up including the selection of proper legal business structure and number of business licenses can be decided only based on the selected business activities. In Dubai, the business licenses are mainly classified into commercial, professional and industrial. The business activities classified as professional necessitates a business structure where partners can be held personally liable. A Limited Liability Company will not be therefore issued a professional license. A commercial license on the other hand is issued to Limited Liability Companies (LLC). However a professional license mostly allows a legal business structure with 100% foreign ownership unlike the Limited Liability Companies (LLC) in which the UAE National holds at least 51% equity in share capital.

The Free Zones in Dubai, like everywhere else in UAE, offers 100% ownership to foreign investors. Learn More About Licensing in Dubai Free Zones

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Operating Business in Dubai

There are many reasons why it is worthwhile to operate business from Dubai. As one of the safest cities in the world with a very low crime-rate, Dubai has a fair judicial system, a liberal economy and strong investor incentives from the government of Dubai.

Dubai's deliberate policy of investing heavily in transport, telecommunications, energy and industrial infrastructure has enabled it to have one of the best infrastructure facilities in the world; it also contributed significantly both to its ongoing prosperity and attractiveness to international business. Complementing its world class infrastructure is a sophisticated service sector that features leading regional and international freight forwarders, shipping companies, insurers plus major international hotels, banks and financial service firms, lawyers, accounting firms, consultants, advertising agencies, top international exhibition and conference facilities, high quality office and residential accommodation, first class hospitals, schools, shopping centers and recreational facilities.

Contact Socprollect Business Consultants to Know More

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Expanding Business in Dubai

UAE Prime Minister, Vice President and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, with his unique vision and groundbreaking initiatives, lead Dubai to the pinnacle of economic development at a breathtaking pace and in record time. The speedy urbanization of Dubai ensued from establishment of businesses of all sizes, small, medium and large, complemented by the supporting service sectors that in turn resulted from the enticing business incentives and ideal economic climate. The development of Free Zones in Dubai as business clusters for specific industries allowing 100% foreign investment is also designed to complement and contribute to Dubai's growth and development.

With its strategic location, tax-free living and consistently strong economic outlook, Dubai is the ideal base for multinationals and other companies targeting markets in Central Asia, the Middle East, Africa, the Asian Subcontinent and the Eastern Mediterranean.

Accessible through its ultra modern airport, that offers connections to over 200 destinations, Dubai is also a thriving tourist destination and attracts a large number of skilled professionals. Its robust economic cluster of technology, media, finance and healthcare hubs makes Dubai a viable and attractive proposition for any business.

Dubai's ease of access, spectacular infrastructure, stunning venues, top quality facilities and an array of incentive options make it ideal for meetings and events of all sizes.

No one single city in the region and perhaps in the world offers so many world-class venue options, fantastic accommodation choices, and an array of leisure and recreation possibilities for delegates and participants all in one location. Moreover, the city can be reached from over 200 destinations serviced by over 120 airlines. So, in more ways than one, it is truly a city with several destinations.



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