business setup company in dubai

Onshore

Numerous onshore company formation services are available from TheBusinesstor. We'll walk you through the process, advise you on the kind of license your company needs, and assist you in getting it. The Department of Economic Development for each emirate is responsible for issuing these permits.

Professional Service License

A Professional Service License permits sole proprietorships, civil companies, and full foreign ownership. A UAE national, also known as the sponsor, must be designated as a local service agent while remaining uninvolved in the company.

• Consulting License

A professional consulting license is necessary for organizations like management consultancies, law offices, and auditing firms. We will assist you in setting up and completing the necessary documentation, business license applications, company creation, visa applications, and opening corporate bank accounts in order to obtain this license.

• Service License

Businesses that offer clients specialized services, such as spas, bars, coffee shops, computer graphic design, and IT solutions, are granted the service license. Foreign nationals are permitted to own all of the company's shares. However, a citizen of the UAE must serve in that capacity.

LLC License

A limited liability company, or LLC, can be incorporated by two to fifty stockholders. Their financial responsibility is restricted to their capital stock holdings. Profit and distribution losses may be dictated, but foreign equity in the company may not exceed 49 percent. In the end, the company's members are not responsible for any obligations or liabilities incurred by the business. Businesses that are registered as LLCs are hybrid entities with traits from both corporations and sole proprietorships. Additionally, forming an LLC is the most typical and often used way to start a business in the United Arab Emirates.

• Trading License

All trading businesses involved in the purchase and sale of tangible products are granted a trading license, also known as a commercial trading license. Up to 49% of the shares may be held by the foreign shares partner, with the local national partner holding the remaining 51%. Importers and exporters, automobile rental companies, brokerage businesses, and logistics companies are among the industries that need this kind of license.

• Industrial License

The industrial group includes producers, distributors, and packers. Up to 49% of the shares may be held by the foreign shares partner, with the local national partner holding the remaining 51%. For this license, a physical office must be located within the nation.

Free Zones

Freezones are unique economic zones where foreign business owners are not subject to taxes or customs duties. By allowing complete ownership to foreign investors without the necessity for a local sponsor, these places aim to promote global trade. Among the advantages of establishing a company in a free zone are, but are not limited to:

• No need for a physical office
• Free from business taxes and given a bonus guarantee of 15 years in the free zone
• Abundant but affordable energy
• Effective hiring practices
• The Free Zone Authority's administrative assistance

Dubai (read more)
Sharjah (read more)
Ajman (read more)
Umm Al Quwain (read more)
Ras Al Khaimah (read more)
Fujairah (read more)

Offshore

An offshore company is a legal structure that permits low to zero tax environments for businesses. An offshore corporation, also referred to as an "international business firm", assists business owners in managing their taxes, protecting their assets, controlling their risks, avoiding red tape, preservenig their anonymity, and increasing their assets.