There are many advantages to company formation in Dubai, not least that it is the top location for businesses in the Middle East. Startup DXB’s dedicated business setup advisors will help you identify the best place for the location of your business and which licence you need. Mainland company formation in Dubai.
You’ll need a licence issued by the Dubai Department of Economic Development (DED) to set up your Mainland business. Our business setup advisors can talk you through the tax advantages and many benefits of having access to the local UAE market.
We’ll also advise you on company ownership requirements. Depending on your business activities, you may be able to retain 100% ownership of your company.
Which Freezone you decide to set your company up in will depend on your business activity. There are around 30 Freezones to choose from, and with our expert assistance, you’ll be able to identify the right one for your business. Freezone licences usually allow multiple activities under one licence, and your business setup advisor will explain what activities are permitted under each one.
They will then collate all the required documentation and apply on your behalf.
Startup DXB can also help you with Offshore company formation, in places like the British Virgin Islands, Ajman and Jebel. The registration process for offshore is relatively straightforward, and incorporation can often be completed within a week. There is little or no tax to pay, and there are no local ownership (sponsor) requirements, meaning companies can be 100% foreign-owned.
Frequently Asked Questions
Can I open a bank account in Dubai if I decide to set up my company offshore?
Yes, offshore companies can open bank accounts, own property and enter into contracts in the same way Mainland and Freezone companies can. You can also register trademarks, copyrights and patents.
Will I pay tax if I set up my business in a Freezone?
You won’t have to pay income tax or corporation tax if you set up your business in a Freezone. Freezone’s are economic areas in Dubai expressly set up to attract foreign investment. The tax system is set up so you won’t pay tax in two countries on the same income or investments.
Are you interested in learning more?
We would be happy to speak to you about any of the services we offer and how to get your business setup in Dubai. Contact us now and let’s get your Dubai business journey underway.