Business Setup in UAE

Service

Business Setup in Dubai

Are you ready to embark on a journey of entrepreneurial success in one of the world’s most dynamic business hubs? Look no further than Dubai, where innovation meets opportunity, and dreams turn into reality. At Gloace Fintax, we specialize in facilitating hassle-free business setup solutions tailored to your unique needs, ensuring a smooth and efficient entry into the vibrant Dubai market.

Embark on your entrepreneurial journey with confidence and let Gloace Fintax be your trusted companion. Contact us today for a consultation, and let’s turn your business aspirations into reality in the dynamic landscape of Dubai. Together, we’ll pave the way for your success and prosperity.

Business

Process

The United Arab Emirates believes in creating an investor-friendly environment with a fast-tracked process to boost the economic growth of the country. To do so, they have set some simple steps that are consistent through the business setup process in UAE regardless of the jurisdiction. Here are the basic steps to for business formation in UAE.

Business Activity Selection

Once you have made the important decision to initiate a new business setup in UAE, it is very important you decide the activities you wish to undertake. Simply share some basic information with us such as the nature of your business and the commercial services you will be providing. Gloace Fintax will help you acquire the perfect combination of activities to boost your business.

Choose The Jurisdiction

On the basis of your trade activities, the next step is to decide where to setup your company in UAE. Whether it is the mainland, free zones, or even offshore incorporation, Gloace Fintax has affordable packages directly curated for your specific needs.

License Application

Once the preliminary steps are done, you need to get all your documents in place and apply for the license. Gloace Fintax fulfills all documentation and application needs for your company including submitting it to the respective government authorities on your behalf.

Visa Processing

Once the application goes through, the next step is to get the visa process going. This will include a medical test and once the visa is processed you can also get your Emirates ID, which will help you open a bank account in the UAE. Gloace Fintax not only helps you with your visa but also any visas you may require for your dependents, partners, or employees.

Business Banking Setup

For your company to operate successfully and run regular financial transactions, it is essential you have a corporate account for your company. Gloace Fintax has partnered with leading banks throughout the UAE to get your company rolling. Choose banking services based on your financial requirements.

Mainland

100% business ownership
Investor Visa Options Available
All-inclusive licenses
Corporate Banking Assistance
FREE VAT Consultation
License Approval in 24hrs

Free Zone

IFZA
RAKEZ
Visa Assistance
100% Ownership
Corporate Banking Assistance
Free VAT Consultation
Dedicated Account Manager

Offshore

UAE Offshore Company Formation
Starting @ AED 18,000* only
Flexible Banking Assistance
Registered Agent Services
100% ownership
Remote Licensing

FAQs

Frequently Asked Questions (FAQs) about Business Setup in UAE

What are the different types of business entities I can establish in Dubai?

In Dubai, you can set up various types of business entities, including mainland companies, free zone establishments, and offshore entities. Each type offers distinct advantages and caters to different business needs and objectives.

What are the advantages of establishing a business in a free zone in Dubai?

Free zones in Dubai offer several benefits, including 100% foreign ownership, tax exemptions, repatriation of profits and capital, simplified incorporation process, state-of-the-art infrastructure, and access to a skilled workforce.

What documents are required for company formation in Dubai?

The specific documentation required for company formation in Dubai varies depending on the business structure and jurisdiction. Generally, you will need passport copies of shareholders and directors, a business plan, lease agreement, and relevant application forms.

What are the costs associated with setting up a business in Dubai?

The costs of setting up a business in Dubai depend on factors such as the type of business entity, the chosen jurisdiction, license fees, office rent, visa fees, and other miscellaneous expenses. It’s advisable to consult with a business setup advisor to get a clear understanding of the costs involved.

What are the regulatory requirements and compliance obligations for businesses in Dubai?

Businesses in Dubai are subject to various regulatory requirements and compliance obligations, including obtaining necessary licenses and permits, adhering to labor laws, filing annual financial reports, and renewing licenses and visas on time.

Is it possible to change the business structure or jurisdiction after company formation in Dubai?

Yes, it’s possible to change the business structure or jurisdiction after company formation in Dubai through legal procedures such as restructuring, mergers, acquisitions, or relocating to a different jurisdiction. However, such changes may involve regulatory approvals and compliance requirements. Consulting with legal and business advisors is recommended in such cases.