Company Setup in UAE

Setting up company in UAE is a prospective business investment

Company Setup in UAE

Setting up a company in the UAE comprises many aspects that an investor must have a look at. It will help in creating a robust business ecosystem. UAE has got many business advantages.

UAE has enormous business opportunities and infrastructure support to power economic development. Also, the well-governed business jurisdiction, low taxation, exceptional government support, and ease of doing business make the UAE the favourite choice for global and local investors.

So, there are numerous advantages for investors in setting up a company in the UAE. They can easily sell goods and render service to a large addressable market.

The expert business consultants will guide you in setting up a company in the UAE. You can have a stress-free and easy company setup process in the country. Investors can benefit from the low-cost company setup which also has several advantages.

So, setting up a company in UAE will open up new possibilities and help businesses to grow to new levels. The extensive banking support, robust business infrastructure, logistics, etc., make the UAE a perfect hub for businesses.

What is the Cost of Company Setup in UAE?

The Cost of Company Setup in UAE varies depending on the Emirate, Trade License type, office type, Visa quota and more. In Dubai, the Low-Cost Company Setup in the Free Zone starts at approx. AED 12,900 / USD 3,534. As additional facilities are required such as office space, the cost of the company will go up.

Similarly, the cost of non-resident offshore company registration in UAE is AED 7500 / USD 2050. In the Mainland, company setup costs start at AED 25,000. To know the exact figures for the first year of setting up the company, it’s advisable to contact us.

How to Setup a Company in UAE?

There are a few steps investors must follow to set up a company in the UAE. The process of setting up a company is relatively easy and there are few attractive company formation packages available in the Free zones and mainland of UAE. Below are the simple steps to set up a company in UAE.

Choose the right business activity
Select the company name and get the name approval
Choose the Company Structure – Free Zone Establishment/ Free Zone Company
Locate the right Office Space and prepare the tenancy contract
Prepare the documentation and make the required fee payment
Prepare the Memorandum of Association and submit with the required documents to the Free Zone Authority
Obtain the Trade License and other company documents (finalized Memorandum of Association, company stamp, office keys, etc., from the Free Zone
Apply for the UAE Residence Visa for the investor/director and Sponsor the investor’s family
Open a Corporate Bank Account

There are a few factors the investor must consider such as office space, visa quota, business location, types of business activities etc while setting up a company in the UAE. The Free Zone and Mainland offer several economical trade license packages.

What are the Documents Required for Setup a company in UAE?

Personal Credentials of the Shareholders/ Directors/Investors – Copies of Visa ( if already a resident of UAE), Passport, No Objection Certificate ( Optional), etc.
Specific Approvals for certain business activities from the respective authorities. ( Aurion will assist you with this)
Company Registration Form as per the Free Zone or Dubai Economy
Shareholder Certificate, Memorandum of Association, and any other legal documents as required by the authorities.

How to Start a Business in Dubai?

Starting a business in Dubai is an easy process with umpteen choices on various company formation packages for investors.

With the introduction of long-term residence visas, tax-free status, 100% foreign ownership, and easy company setup, Dubai is on top of every investor’s choice of an ideal business location.

How Can a Foreigner Start a Business in Dubai?

To start a business in Dubai, one must follow certain steps. Broadly, the process of Company Setup in Dubai can be categorized into the following:

Finding the right company Structure, business activity, and trade name
Choosing a UAE National Sponsor for an LLC Company
Preparing the Shareholder document, memorandum of association, and other documents
Finding a suitable office location and prepare the tenancy contract
Submitting the required document and paying the fees to the respective authority (Free Zone/Dubai Economy)
Obtain the Trade License from the respective authority
Proceed to the UAE residence visa and opening of a bank account.

It is best advisable to setup your company and outsource the allied administrative tasks (Such as Visa Application, Company Documents, Approvals, Bank Account Opening, etc.) through a Best Business Consultants in UAE for a hassle-free experience.

The professionally trained team at Aurion will guide you through all the process of company setup in UAE and also design the right business package for your company.

Read more about the Attractive Company Formation Packages in UAE Free Zones and Company Formation in Sharjah.

You may also be interested to read “9 Common Mistakes Made While Setting Up Company in UAE“.

Company Setup in UAE