As a rapidly expanding economy, the UAE beckons businesses worldwide to come and thrive.With its strategic location, the country has diversified beyond oil and gas exports, paving the way for innovation and growth in the construction and infrastructure, tourism, financial services, and technology sectors. Join the movement and maximize your potential for Business Setup Company in UAE.
RFZ Business setup services in UAE
Starting a business can be daunting, but with the help of RFZ Business Setup Experts, you can rest assured that you are in good hands. Our company has a proven track record of successfully assisting numerous customers in starting their businesses in the UAE. We take pride in guiding our clients towards making sound and timely decisions. Ensure that they have all the necessary information to make the right choices.
Our business experts will work closely with you to understand your unique needs and preferences and provide tailored solutions to help you achieve your goals. With RFZ Business Setup professionals, you can choose the right partner to help you navigate the complex business world and achieve success swiftly.
RFZ Services include
- Handling all the legalities of Business in the UAE with Government and other Departments
- Bank account opening assistance
- Providing you with Business Consultancy
- Business licensing services
- Helping You Getting Office Space in the UAE (if required)
- Helping You in the Business Recruitment Process
- Assisting in preparing all the required documents
- Getting you the residence Visa
- VAT Registration
Business setup in UAE, Freezone
Here are the key steps to set up a business in a free zone.
- Figure out what kind of legal structure your business will have.
- Come up with a catchy name that represents your brand.
- Apply for the necessary permits and licenses to make your business legal.
- Look for a physical space that suits your needs and budget. Finally, get your business officially registered and licensed.
How to register a UAE Free Zone company?
While registering your Free Zone Company in UAE, there are a few essential steps to follow.
- First, you must choose the license type and business activity that suits your needs.
- Select a Free Zone that aligns with your business objectives.
- Decide on a corporate structure that will work best for you.
- Pick a trade name and prepare all the necessary documents.
- Apply for initial approval and sign all the legal documents for company incorporation.
- Once everything is in order, you can establish your business location and collect your business license.
Process To Start A Business In Dubai
Starting a business in Dubai is a breeze! With a simple setup process, anyone can form a company in this incredible emirate. Dubai’s investor-friendly policies have received rave reviews from foreigners and resident entrepreneurs alike. Exciting. The company formation process in Dubai involves a few simple steps – let’s get started!
- Select your business type.
- Choose from one of three types of jurisdictions: Mainland, Free Zone, or Offshore.
- Register your business name and apply for initial approval to start your company.
- Acquiring initial approval for company formation
- Obtaining necessary approvals depending on the type of business you start
- Submit your application with the required documents to the Department of Economic Development (DED), where you plan to start your business in Dubai Mainland, or to the relevant Free Zone or Offshore authority.
- Acquire a business license in Dubai.
- After you complete the process, you can legally start your business operations in Dubai.
How long does setting up a company in the UAE take compared to other countries?
The UAE has a simpler and much easier company formation process than other countries. Unlike most countries with residential or other restrictions when setting up a company overseas, the UAE offers the option to establish a company digitally or physically.
By engaging a competent business consultant or ensuring that all documentation and application processes are done correctly, you can set up your company in a free zone or certain mainland company structures in just about three days.
However, the timeframe for setting up a company in Dubai and the UAE can vary depending on several factors, such as the type of business, ownership and structure, and business activities. The more complex the company structure, the longer it takes to set up.
According to the UAE Ministry of Economy
- Through the Department of Economic Development (DED), you can set up your business in the UAE in 4 days.
- In high-income countries, it takes 10 days, according to the World Bank.
- You can do it all online via the Basher platform in 15 minutes.
What Are Eligible Business Under Company Setups in Dubai?
At RFZ, we aim to help you achieve your dream of establishing a successful business in the UAE. Our team of experts has the knowledge and expertise to guide you through the entire company formation process in Dubai so that you can focus on realizing your vision.
From identifying the most suitable business activity to ensuring compliance with all legal requirements, we are committed to making your company setup journey in Dubai exciting and hassle-free.Choose Rockefeller Zone, and let us help you discover your dreams.
With so many options available, there’s sure to be a perfect fit for your business needs.
- Flexibility of a Limited Liability Company (LLC),
An LLC is a commercial venture with a maximum of 50 shareholders. It is the easiest legal way for immigrants and foreigners to set up a new company in the UAE.
- The tax advantages of a Free Zone Company
- The ease of setting up a Branch Office
- The collaborative nature of Partnership offices
- Onshore and offshore offices.
Proprietorship v/s Partnership
In the United Arab Emirates (UAE), as in many other jurisdictions, a proprietorship and a partnership are two distinct business structures with different characteristics. Here are the key differences between a proprietorship and a partnership in the context of the UAE:
Ownership and Structure
Proprietorship
In a proprietorship, a single individual owns and operates the business. The owner has full control and is personally responsible for all aspects of the company.
Partnership
A partnership involves two or more individuals agreeing to share a business’s profits and losses. There are different types of partnerships, including general and limited partnerships, each with its own rules regarding management and liability.
Liability
Proprietorship
The owner is personally liable for the business’s debts and obligations in sole proprietorships. This can result in the use of personal assets to cover deficits in the business.
Partnership
In a general partnership, all partners are personally liable for the debts and liabilities of the business. In a limited partnership, there may be general partners with unlimited liability and limited partners with liability restricted to their investment in the business.
Registration and Formalities
Proprietorship
Setting up a proprietorship is often simpler and involves fewer formalities. However, depending on the nature of the business, the proprietor may need to obtain certain licenses or permits.
Partnership
Partnerships typically require more formalities, including drafting a partnership agreement, which outlines the terms of the partnership, such as profit-sharing, decision-making, and dispute resolution.
Management and Decision-Making
Proprietorship
The owner has complete control over the business decisions and operations.
Partnership
The partnership agreement defines the partnership’s management structure, which may include joint decision-making or delegated responsibilities.
Taxation
Proprietorship
Owners of proprietorships often treat business income as their personal income for tax purposes.
Partnership
Partners typically report their share of profits and losses on their tax returns.
Continuity
Proprietorship
As proprietorships are closely woven with their owners, their death or incapacity may affect their continuity.
Partnership
Depending on the type of partnership and the terms of the partnership agreement, the business may continue with the remaining partners in the event of the death or withdrawal of a partner.
It’s important to note that business regulations can vary across different Emirates in the UAE, and individuals considering establishing a business should seek professional advice and adhere to local laws and regulations. Therefore, RFZ is here to assist you along the way.
Moreover, a business’s legal entity in Dubai depends on the number and type of shareholders. Business structures in the UAE, such as limited liability companies (LLCs) and free zone establishments, offer different features and benefits. Entrepreneurs can set up a new company in Dubai with a sole proprietor mainland license or register as a freelancer or a free zone company.
For commercial businesses, the ideal option is a limited liability company on the mainland. Companies with over 50 shareholders are typically registered in Dubai as private limited companies, while public joint stock companies are more complex. Dubai also licenses branches, regional headquarters, representative offices of foreign companies, and single-family offices.
Specialty v/s Activities
If you’re starting a new business in Dubai, one of the most important things you need to do is choose an activity or several activities to apply for a license. Most business activities are allowed, but some are restricted or prohibited.
Choosing a business activity is easy if you’re already familiar with a particular field. But for broader categories like “retail” or “trade,” there are many options and specialized activities to consider. Fortunately, many established free zones in Dubai are classified by industry, making it easier to find the right one for your business needs.
If you’re planning to get a mainland business license, it’s important to identify the nature of your proposed business and the activities you’ll be doing. Dubai offers over a thousand business activities for 100% owned companies, including construction, gold and jewelry, shipping, food and water, education, and hospitality.
Faq’s:
Following are the FAQ’S:
How much does setting up a business in the UAE, Free Zone, cost?
Starting a company in a Free Zone can be pretty affordable, with costs starting from as low as AED 4000. A Trading, Service, or Industrial license can cost between AED 10,000 and AED 50,000 per year. However, the significant renewal fees for a trade license, ranging from AED 11,000 to AED 13,000 (US$ 3,000-3,500), have been met with some criticism.
Who is the best business setup consultant in the UAE?
RFZ- ROCKEFELLER ZONE is your exclusive business setup partner in the UAE, efficiently handling the legal process of setting up your company. With RFZ, you can expect your business to be up and running quickly due to their extensive experience in the field. Trust in RFZ to help bring your business to life in the UAE.
How can I check a company in the UAE?
In each emirate of the UAE, the Department of Economic Development (DED) Database is the primary authority that takes care of business registration and licensing. To confirm the registration status of a company, you have two options: you can either access the DED’s online database or visit their physical office.
What does a business setup company do?
Business setup services are specialized professional services designed to guide and assist entrepreneurs in setting up their businesses. These services provide comprehensive support and advice on all aspects of starting a new business, including legal, financial, and administrative procedures. They help entrepreneurs mitigate the risks and complexities of launching a new venture. And ensure the company’s formation with all relevant regulations and standards.
Who regulates free zones in the UAE?
Independent Free Zone Authority (FZA) governs each free zone and is responsible for issuing FTZ (Free Trade Zone) operating licenses and helping companies establish their business in the FTZ.
What are the main requirements for Business Setup in Dubai?
- Business Structure
- Location
- Visa and Emirates ID
- Business License
- Corporate Bank Account
We understand that starting a business can be overwhelming, but we’re here to help you every step of the way. Our team of experts is available to chat with you and guide you through the process. By sharing some basic information, such as your business requirements, legal structure, office space, and shareholder details, we ensure to provide you with the best possible support. We believe that the best business setup companies in Dubai are those that require the least from you and provide the maximum level of assistance.
Get in Touch
Email: info@rfz.ae
Call: +971 4 589 0815
Whatsapp: 971521570658
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