All You Need to Know About Company Formation in Dubai and UAE: 2019

Starting a business in Dubai implies understanding the difference between the formation of free zone and offshore companies. Next, you must choose a license based on the activities and services you want to provide. Finally, you must prepare all legal documents, open a corporate bank account and start the visa process.

The above tasks may seem like a lot of work, and in fact they can be. That's why the business setup consultants of the Business Link UAE will manage all the heavy work, which means you don't need to visit countless government authorities to do the job. And it all starts with a free and no obligation consultation where we will guide you through all the latest information on how to start a business in Dubai. Business setup in Dubai is made easy with UAE consultancy. Contact us today to start your business dream.

Opening a company in the UAE is prestigious! Today, the United Arab Emirates is a global economic center that has rapid development, a stable economy, favorable tax preferences and unsophisticated legislation, which attracts investors and entrepreneurs from around the world. The consulting company Business Link UAE offers a full range of UAE business registration services. Our team of lawyers and professional economists with extensive experience will help you open a company in Dubai and other emirates.

The UAE business registry is a demanding procedure complex. The qualified Business Adviser professionals are ready to help you. By trusting us, you will save your valuable time and money, since our company is located in the United Arab Emirates and provides services directly without any intermediary. That is why we have reasonable prices.

Once you have decided to open a company in the United Arab Emirates, you must first choose a location. It is noteworthy that each of the seven emirates has its own regulations and terms for records. In addition, there are free zones that have their own rules.

A local company is registered in the emirates territory of the country to operate within the emirates. According to national legislation, said company can only register if one of the partners is a citizen of the UAE and owns 51% of the shares.

If you want to open a company in Dubai with a 100% foreign participation, we recommend that you choose one of the free economic zones. And still, if you want to open a local company in the UAE, you must know its characteristics:

• A foreign citizen may own only 49% of the company's shares, while 51% will be owned by a local sponsor;
• The sponsor will receive an annual reward and will not participate in the company's operations.
• A company can participate in any type of activities within the UAE and abroad;
• A company provides a residence visa and a tax certificate;
• The location of the main office depends on the registry emirate;
• No audit requirements;
• No restrictions on the minimum authorized capital (1 AED is sufficient)
• Possibility of opening an account in any bank of the UAE.

Experience has shown that the registration of a local company in the UAE is only required in exceptional cases. Most of the activities can be carried out through a company registered in a free zone.

DUBAI COMPANY TRAINING OF A RESIDENT COMPANY (LLC)

• Opening a company in the UAE with a relevant local sponsor in the following cases:
• Cooperation with government organizations;
• Participate in public tenders
• UAE pit trade;
• Carrying out activities and providing services with the need for assistance and presence in assets in the other emirates;

When the activity of a company requires a large space and more visas, since the costs of office in the local land are lower than those of the free zones.

Generally, a local sponsor is required to open a restaurant, school, kindergarten, construction, travel or insurance company.

But there are exceptions. Companies targeting professional activities, such as legal, auditing and consulting, do not require a local sponsor. In such cases, a foreign entrepreneur who works in the emirates and outside a free zone has a 100% interest. Official support from a sponsor is required only during visa processing for employees and dealing with local authorities.

Business Setup in Dubai: Everything You Need to Know

The business setup Dubai has always been encouraged in Dubai. It is not surprising that Dubai is beginning to attract the attention of business investors since it began to show its economic stability to the international market.

The current market trends in Dubai offer many opportunities for foreign investors to take advantage of imports and exports of commodities, in addition to taking advantage of the city's growing tourist traffic for an almost unlimited number of potential clients and customers in their own way.

You should familiarize yourself with the various facts associated with a new company in Dubai and avoid the problems that are found mainly when launching a profitable company in the United Arab Emirates [UAE].

What to Do When Starting Your Business in Dubai?

1. Select a local sponsor, a UAE citizen to start local business

You should familiarize yourself with the various facts associated with starting a business in Dubai and avoid the problems encountered when launching a profitable company in the UAE.

There are many business opportunities available in Dubai, as well as in the other UAE Emirates. However, if you really want to start a business that should exploit the potential of Dubai, then you need a locally registered business LLC.

A UAE citizen must be taken as a 51% partner called a local "sponsor." A local company provides the freedom to locate the business anywhere in the city. For a new company in Dubai, this is a blessing because it offers the best choice of locations to fit your budget.

2. Select a Free Zone if you want to own your business 100%

Keep in mind that the only way for a business startup in the UAE to start without taking a UAE citizen as your partner is to place your business in one of the Free Zones. This is not practical for companies that must be in city markets such as restaurants and retail stores. In addition, companies that work with the government must register with a local sponsor.

3. Select a location that optimizes suitability, convenience and costs

Another important step in planning a new company in Dubai is to determine the most suitable location for the business. Establishing a for-profit company in the city would not do you much good despite the growing economy if your clients cannot communicate with you.

You need to establish your business in an area that is more profitable for your business or more convenient for your business. You can select a location in the right city for a store or an office that is best known for the type of product or service you are dealing with.

4. Hire a registration agent to guide you through the business startup process

The best option is to hire a business consulting company to register the start of your company.

These consultants will not only help you during the setup process, but they will also register the company for you. And it will help you open your bank account, organize an auditor, make your renovations and offer you nominated services.

In most cases, these firms offer a team of experts to plan your company's registration from scratch: this includes the strategies you should follow to establish your business without problems, detail potential costs, offer licenses and location options, and devise solutions for possible trade barriers, etc.

In addition, they will take care of all the necessary requirements to help you register your business legally with a minimum of problems on your part.

According to the above details, it is clear that the Business Setup in Dubai is an extensive process! However, you can do it quickly and profitably by designating a business setup consultant. With an expert business advisor, you will not waste your money on unwanted documents. In addition, as they are well versed in the procedure, the formation of the company can be instantaneous. Then, all the best with your business!

How to Setup a Company in Dubai

As a geographical and economic hub of the Middle East, global investors see the United Arab Emirates (UAE) as a vital element of their operations. Dubai is the second largest emirate and is located as the most important port and commercial center of the UAE. It has worked to become a widely diversified economy. Critical sectors include manufacturing, logistics, financial services, information technology, retail, travel, tourism, medical care and education, as well as a strong focus on green technologies.

To attract international business, Dubai has invested heavily in its transportation, telecommunications, energy and industrial infrastructure. There are no taxes on income or capital in Dubai, except for oil and national banks, and there are no withholding taxes. Businesses in Dubai can gain additional significant advantages due to the absence of foreign exchange controls, trade barriers or quotas, which makes it an ideal place for business creation and business formation.

The main law that provides for the registration of companies on land in Dubai is the Companies Law. It establishes all the rules that must be met before and after the registration of a company.

In the case of offshore companies or free zones in Dubai, each authority imposes its own registration requirements.

The procedure to open an offshore company in Dubai differs greatly from that necessary to incorporate a company on land. If currently, you are not sure which one you need, consider the following:

1) a) an offshore company (RAK Offshore, for example) has no special requirements or limitations with respect to the owners / shareholders of the company while

  b) a company on land does not allow total foreign ownership (the company requires a local "sponsor"). For more information on the requirements, see: Establishment of a company on the UAE land.

2) a) an UAE offshore company gives 0% corporate tax while

    b) a company on land has fiscal obligations and compliance requirements according to UAE legislation.

3) a) an offshore company cannot be activated within the UAE;

     b) a company on land is designed to do business in the Emirates.

To summarize: if you are not interested in the Dubai market (your clients are not within Dubai) and only want business set up in UAE to take advantage of the tax regime, privacy and / or offshore banking, then it is advisable to start an offshore company in one place on land.

Setting up a business in Dubai requires a thorough investigation and most of the time it is attractive for professional services. Our business training agents in Dubai can help you with more details on the main steps if you want to open a business in Dubai.

A foreign company that wishes to setup a business in the UAE may choose to establish operations as a branch, representative office or registered company, or it may designate a commercial agent for selling its products in the UAE market or export them. New companies may also choose to carry out their activities from a Free Zone, which is a designated and self-regulated area established to catalyze economic activity within an emirate and is governed by its own set of rules and regulations. There are about 40 free zones in the UAE, with more in development.

It is important to have a complete understanding of your options before deciding how to establish your company's presence in the UAE. The overall growth of your company in the United Arab Emirates may be hindered when making the wrong decision, therefore, consider the following points when deciding the best structure for your needs.

Business Link UAE’s team of professional business training specialists help local and foreign investors to follow the main steps for business formation in the UAE and open the type of business required. The business configuration in the UAE is not difficult, but many foreign entrepreneurs do not know the local regulations, so it is recommended to contact a local agent for the configuration of the company in the UAE. The agent will explain to the foreign investor the differences between local and foreign companies and those established in free zones and will help him choose the one that is suitable for his business needs. Then, the entrepreneur must prepare the documents for the formation of the company in the UAE and begin the incorporation procedure.

What & How-to Setup Business in Dubai Mainland?

Setting up a Business in Dubai Mainland

Many investors investigate Dubai mainland destination to start-up a new company. This location has attained such popularity among investors due to the business freedoms present in Dubai, UAE. Dubai is a city which is reaching huge growth due to the wide presence of start-up companies. Being a golden city for business investors, it has created ample opportunities for businesses. All over around the world, the city offers a great platform to formulate a business enterprise.

The business innovators are highly motivated with a wide list of factors present in the regions of the UAE. It includes operating exposure across the boundaries of the nation, genial government for investors, and so on. In addition, the company formation attracts hefty overseas funding and several advantages received from perks in Dubai Mainland. 

The Benefits of Setting Business in Dubai Mainland

The main benefit derived from starting a business in Dubai Mainland is the corporate tax indemnity. Apart from them, ample of advantages fall for the businessmen in Dubai. Other benefits of mainland company setup are mentioned below:

• Freedom of currency.
• Uncomplicated and quick employment visas processing.
• Freedom of choosing any location.
• Liberty to run the enterprise from anywhere in the UAE.
• Not essential to maintain a proper capital amount for getting a Dubai Mainland business license.
• Easy processing of legal documents without any constraints.
• Dubai Mainland company setup invites 100% profits repatriation.
• Easy to get registration and license.
• Presence of an uncomplicated process for incorporating any company.
• Liberty from any kind of yearly audits

How to Set up Business in Dubai Mainland?

In the UAE, any marked legislation rules are not applied for starting any company. The registration and license procedure follow an easy path. Though, it is necessary to keep in mind certain points essential before setting up a company in Dubai Mainland. Procedures for Dubai mainland business startup includes the following points:

1. Getting a license:

The business license in Dubai Mainland includes three types of licenses. It includes the industrial, commercial, or professional license. The industrial license is permitted to the industrial-based companies. The commercial license belongs to the trading companies. The professional license permits to the professional service providing enterprises.

2. Other miscellaneous considerations:

In addition to the license, it is necessary to consider certain other things also which includes the following:

• Government laws.
• Proper bank accounts.
• UAE bases legal conducts.
• Taxation policies.
• Eligibility criteria for getting the Visa.
• Shareholder’s meeting.
• Board meeting.
• Various chambers.

What does it take to Set up a Business in Dubai Mainland?

In this section, several points are necessary to consider which are mentioned in the following points:

• Meet a local sponsor.
• Get registered with the Department of Economic Development.
• Hire Company formation consultant in Dubai.
• Conduct the verification of your business location or address.

Business setup in Dubai is a lot easier when you have the right company formation consultant like Business Link UAE, to guide you. Our Professionals assist all entrepreneurs with business formation procedure, registration and more. Serving in UAE from past so many years, makes Business Link UAE a preferred choice for investors. Whether you require visas for your business partner, employees, your family or you need an office space which suits your requirements, Business Link UAE is here for you. For any query, please contact us at info@businesslinkuae.com or call us on +971 43215227.

5 Facts To Consider Before Starting A Business In Dubai

Owning and running a successful business in Dubai is a dream of many entrepreneurs. The city welcomes diverse businesses offering higher economic returns. There are numerous other benefits of starting a business in Dubai. But before you start a business in Dubai, you need to consider various other things and plan accordingly.

Below are the 5 things you must know about company startup in Dubai before you start your own business here:

1. Decide the business activity/type: First and foremost thing is to decide on the business activity you want carry on in Dubai. You must know that UAE does not allow for all or any business type. Whatever you plan to run, it must sync with the Dubai standards. The Department of Economic Development (DED) has listed more than 2000 business activities to choose from and operate in Dubai. In case you can’t find you wish activity, you can connect with DED or a well-experienced business setup consultancy like us and discuss. Subsequently, you can know the type of license you would require.

2. Licence type: Depending upon the type of business activity you wish to continue in Dubai, you need to apply for the type of license i.e. professional, commercial or industrial. Where, the professional license is for activities such as education, IT services, consultancy, event, management services etc. Commercial license is for trading activities & industrial license is required to conduct manufacturing, semi-manufacturing & other industrial activities.

3. Place of business setup in Dubai: Next thing is to decide on the place where you wish to set your office i.e. in the Mainland, Free Zone or Offshore. There are numerous factors that affect the selection of place such as ownership of the company, commercial activities, business requirement, taxation, etc. The laws of Free zone company formation differ from Offshore or Mainland company setup regulations, so you need to know it all before you set up your company in Dubai.

4. Analyse the cost: Before starting a business in Dubai you need to analyse your funds. You must know there are several operational costs such as trade name registration, getting business license, processing visa etc. and government fees in addition to the investment required solely for business in UAE.

5. Legal Formalities: Next you need to stay well-informed about legalities such as documentation, paperwork, share capital, getting a trade name and ownership etc in Dubai. The DED has certain rules for all legal formalities and you must not waste any time once the process of setting up the business has started in UAE.

Conclusion:
Contacting legal consultancy in Dubai: One of the most important things is to consult a company setup consultant in Dubai and get proper guidance on how to set up a business in Dubai. You can contact us, Business Link UAE for any assistance on how and why to start your own business in Dubai. We are one of the oldest and most trusted business setup consultancies in Dubai offering various services such as company setup, PRO services, visa services, local sponsor and corporate sponsorship for business startup in UAE.

How to Get a Nanny Visa in Dubai?

Dubai has a dynamic and occupied lifestyle that has raised the demand for maids. Undoubtedly, a helping hand is welcomed by all. But adding a maid to your family involves safety and legal proceedings, and that’s not an easy task. So, Business Link UAE is here to assist you with visa services for a maid in Dubai. We guide you in the complete process, from documentation to immigration process of housemaid visa in Dubai.

Sponsoring a Housemaid in Dubai:

There are some preconditions to sponsor a maid in Dubai. Rules may vary slightly in different emirates in the UAE, but below are the basic requirements:

• You should have a salary of at least AED 6000 or AED 5000 with free accommodation with two-bed rooms.
• You need to bear the airfare of your maid to her country annually or once in two years.
• You need to provide her with basic amenities and living expenses. To sponsor a housemaid in Dubai you must offer her a salary of AED 1500 to AED 3500 according to the scope of work.
• There is also a security deposit of 2000 AED that is refundable.
• You can sponsor maid from India, Indonesia, Philippines or Bangladesh.

Note: Bachelors are not permitted to sponsor maids.

How to get maid visa in Dubai?

To guide you more on requirements for maid visa in Dubai, we have listed this three-step process:

1. Obtain residence visa (employment permit) for the maid: For this, you need to submit a duly filled application form, maid and your passport copy, your original salary certificate, accommodation details, photos of maid, and an affidavit from consulate to certify non-relationship if the maid is from your home country.

2. Take her for medical fitness test: For the maid visa in UAE, Dubai has 14 medical fitness test centres where maids can undergo for medical test.

3. Get residence stamp on maid’s passport: For this, visit the residency section with the stamped employment permit, medical fitness reports, copy of your passport, salary certificates, and maid’s passport. Collect the unified contract that requires yours and your maid’s signatures. Get it counter-signed by the officer there. One year validity residence stamp is placed on the maid’s passport. Our experts are here at Business Link UAE to assist you to get this whole procedure done without any difficulties.

Maid Visa Cancellation in Dubai:

In case you are not satisfied with your maid’s performance or nature, then you can get her visa terminated. For Dubai nanny visa cancellation, visit DNRD for a visa cancellation form and do the followings with our team of experts like us:

• Get an application typed for the residence visa cancellation of maid.
• Submit the copy of the maid’s passport and one-way ticket to her country.
• Visit immigration office to submit the application, maid’s passport, labour card and your passport.
• Accompany your maid to the airport, on the day of departure, along with her passport and cancellation form. 
• Submit the other form to collect a refund of AED 2,000.

 In addition to visa for maids, we offer all kinds of Visa services in Dubai. Business Link UAE has been serving in Dubai for more than two decades. Also, check our PRO services in Dubai, if you plan to set up a company. We make sure our clients leave their legal tensions to us and have a great livelihood in Dubai.

Here’s Why You Should Outsource Business Link for PRO Service.

The seven member states of UAE have several laws in place for foreign residents. This includes the working and business class. Both categories of immigrants require timely submission of legal documents to various state / local agencies and judicial department.

Incidentally, Dubai has stringent business laws. We will talk about them later. What is important is that these legalities have to be executed on time and records duly maintained. Failing to comply due to lack of knowledge or oversight could spell disaster for the employees and even the employer. In a worst case scenario the concerned individual or even a group could simply be deported. PRO services provider in Dubai such as Business Link UAE can help prevent such situations.

Businesses have two ways of maintaining such records or documents which also includes fresh application/s for recruitment or inviting family members.  They can either –

1. Create an in-house department for such tasks.

2. Outsource PRO services in Dubai.

Here’s why you should Outsource Buisness Link for PRO service. 

1. Knowledgeable Partner:

Working as PRO OUTSOURCE Company and government procedural industry, since 1998 we been up to date on every little change in the rules and regulations, enabling us to educate you and process things accurately and quickly.

2. Save Time:

With our expertise and understanding of PRO procedures in the UAE, we ensure that time is utilized efficiently in obtaining all permits, visas and other documentation.

3. No More Fines or Delays:

Business Link Outsource PRO Service assures that all procedures are carried out in the right way and order, while administration departments within companies lack the expertise and work on trial & error basis, which results in heavy fines and delays.

4. Dedicated Accounts Manager:

Our account managers are trained to handle all procedures, they ensure that the client is updated with all necessary information, while managing and liaising with PROs internally on all jobs.

5. Renewal Reminders:

Business Link PRO division  keeps record of all necessary company and employee documentation and provides timely reminders when license, visa renewal processes must be initiated.

6. 100% Transparency:

In addition to complete information from Account Managers about the procedure, we also believe in complete transparency in providing information and the procedural costs involved for business setup. For this reason, all government charges involved are charged at actual with copies of supporting bills.

7. Reduce Costs of Running of PRO-Admin Department:

Business Link Corporate OUTSOURCE PRO services Packages eliminates the need for in-house administrative and PRO department. This saves the company running costs on staff; salaries, gratuities, leave expenses and miscellaneous expenses that come with the running and maintaining of a department.

8. Hassle-Free:

With our account managers managing the PROs and informing you of the progress of the job every step of the way, you can leave the worrying to us and enjoy your hassle-free PRO processing.

9. CRM Managed:

Our CRM managed system, keeps tracks of all document, provides reminders and is regularly updated to better assist our clients:

10. Focus on your core business:

Outsourcing your PRO needs lets you concentrate all your attention on your core business activity and invest the money saved on admin costs into developing more business. Shifting to an outsourced PRO services package with Business Link does not only get you the above benefits, it also provides you with a growth partner, to assist you in streamlining your business and providing a support system for your expanding business.

For best PRO Services in UAE and for assistance in all Governmental works Contact Us  in 00 971 556070118 or Email us to info@businesslinkuae.com.