Thinking of Best Place for Business Setup in Dubai? Here’s What You Need to Know



Dubai can be a very fertile ground for taking off with the dream business. It has been growing stiffly and is one of the most sought after markets in the world, across verticles.

So if you're among the many aspiring entrepreneurs, eyeing the City of Gold as your next venture, you're not the only one, and that your thought is legitimate.

Whereas the idea of setting up a whole new venture in Dubai might sound a little daunting; and truth be told, it could be as well, least you don't get associated with the right business setup consultant.

At Business Link UAE, you get world-class professional service, everything related to business setup in Dubai.

The ever-growing economy of Dubai is more welcoming than ever, and to the joys of the business person and entrepreneurs, the government is also proceeding exemptions in tax, reduced setup procedures, cutting down on bureaucracy, among other welcoming migrating policies, as an aid to the budding start-ups.

Dubai offers business setup options across locations like offshore, onshore or mainland, Limited Liability Company (LLC), Free zone company and branch offices, among others. The policies to all these setups vary.

Have a look below, as we unfold a detailed overview of the business setup opportunities in Dubai, and which one is best for you.

Free Zones

One of the most sought-after options for setting up a company in Dubai isn't the mainland or the onshore options, but the free zone.

Free zone offers significant lenience, especially in terms of ownership rights and tax-related matters. This makes it the most appropriate choice for foreign investors looking to set up their first venture in Dubai.

Different free zones are catering to different businesses, and they all have their own unique set of rules to go with.
For instance, some free zones will exclusively favor the media or telecommunications industry. Whereas another will support mobility and similar other ventures. Why go for the free zones?
  • 100% tax exemption
  • 100% export-import tax exemption
  • 100% company ownership
  • 100% capital and profit repatriation
  • 0% currency restrictions

Mainland or Onshore

Mainland business setup outperforms the free zones in terms of growth rate and stability. Mainland business setup offers freedom to trade in and out of Dubai.

No minimum capital investment commitment to kick-starting the business. In the Mainland business, there will be a privilege of undertaking government projects, and last but certainly not the least, there will be the ability to set up office space anywhere across the UAE.

However, there may be few nuances you'd like to consider like the limitation in ownership (49% for foreign investors). Here's why you'll go for setting up a company in Mainland Dubai:
  • Freedom to set office space anywhere in the UAE
  • E-quota for business visa
  • Prime geo-location, best for business growth
  • Restriction free business transaction in and out of the UAE

Offshore

Unlike the free zones in UAE, offshore corporations are free from any restrictions that would bind the business operations within the jurisdiction of the nation.

Entailing, offshore setups allow transactions outside the location of its ownership or registered jurisdiction. Why you'd go for offshore business from Dubai?
  • Business-friendly legal support
  • Elaborate access to the global market
  • Flexible regulatory system
  • 100% foreign ownership available
  • Gateway to the international presence
Based on what your business will deal with, the decision is yours about which way to go. Confused? We're here to help. Get access to the best professional workforce in the industry with Business Link UAE.

Also check: What Formalities to Ensure Before Company Formation in Dubai?

Comments

  1. Great blog, this blog explains about the easiest way of business setup services in Dubai like free zones, mainland or offshore. Does Anyone want to start a company in Dubai. Read this article is very helpful to those users.
    Business Setup Consultants in Dubai

    ReplyDelete

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