COMPANY SETUP IN THE UAE

Things to consider while setting-up a company in the United Arab Emirates (UAE).

BUSINESS IN the UAE

Starting a company in the United Arab Emirates (UAE) can be an exciting and rewarding venture for entrepreneurs.

Here are some KEY FACTORS to keep in mind when starting a company in the UAE.

Company Set-Up in the UAE
Company Set-Up in the UAE

KeY Factors

  • Determine your business activity:The first step in starting a company in the UAE is to determine the type of business activity you wish to undertake. This will determine the legal structure of your business and the licenses you will need to obtain.
  • Choose a legal structure: The UAE offers several legal structures for businesses, including sole proprietorships, partnerships, limited liability companies (LLCs), and branches of foreign companies. Each structure has its own advantages and disadvantages, so it's important to choose the one that best suits your needs.
  • Obtain a license: In order to operate a business in the UAE, you will need to obtain a license from the relevant authorities. The type of license you need will depend on your business activity and legal structure.
  • Register your business: Once you have obtained your license, you will need to register your business with the relevant authorities.
  • Open a bank account: To conduct business in the UAE, you will need to open a bank account. Most banks in the UAE require a minimum deposit.
  • Hire employees: If your business requires employees, you will need to obtain the necessary work permits and visas for them. Keep it in mind when you are looking for an office. Very often the number of visas depends on the size of your office.
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UAE basics

The UAE is a federation of seven emirates, each with its own unique economic landscape and investment opportunities. The decision on which emirate to invest in would depend on several factors, such as the nature of the business, target market, and industry.

Some of the popular investment destinations for foreign companies in the UAE include:

  • Dubai: Dubai is a cosmopolitan city and a global business hub with a diversified economy that includes sectors such as tourism, real estate, finance, and logistics. It is home to several free zones that offer 100% foreign ownership and zero taxes, making it an attractive location for businesses.
  • Abu Dhabi: Abu Dhabi is the capital of the UAE and the largest of all the emirates. It has a thriving oil and gas industry and is also investing heavily in other sectors such as renewable energy, healthcare, and education.
  • Sharjah: Sharjah is the third-largest emirate in the UAE and is known for its cultural and educational institutions. It has a strong manufacturing sector and is home to several free zones such as Hamriyah Free Zone and Sharjah Airport International Free Zone.
  • Ras Al Khaimah: Ras Al Khaimah is a rapidly growing emirate with a focus on manufacturing, tourism, and real estate. It has several free zones, including Ras Al Khaimah Free Trade Zone and Ras Al Khaimah Economic Zone, which offer favorable business conditions.

Ultimately, the best emirate to invest in would depend on various factors such as the industry, target market, and business objectives. It is advisable to conduct thorough research before making any investment decisions.

YOUR EXPERT

Let´s check your needs and help you with the company set-up in the UAE!

Ms. Sehar Shahzeb

DELTAKAP Middle East Tax Consultants
Client Support Executive
Company Set-Up, VISA-Process, goAML

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