Frequently asked questions
How to setup a business in the UAE? What is the difference between a Mainland, Freezone, Offshore? What are the procedures of business setup in Dubai? Which kind of trade licenses are available? If these are the questions bothering you, then talk to a business setup consultant from Shuraa Business Setup for Free! We do not only help you through all your doubts but also support you with complete solutions on your aim of starting a business in Dubai.
You may take a quick look at the FAQ’s section for better understanding:
What types of UAE companies can I start?
In UAE, companies can be started as mainland businesses, free zone or offshore business. For a business setup in UAE mainland a local sponsor in required and license is provided by the Department of Economic Department in Dubai. In a free zone you can operate only within a limited geographical region and the business is licensed by the respective free zone authority. An offshore business in UAE allows you to safeguard your wealth and assets, but you can only trade outside UAE. A certificate of incorporation is provided to the company and not a trade license. Mostly all types of companies can be started in the UAE and there are more than thousands of activities registered and allowed by the Economic Department. Yet, it is best to be sure before getting started. So, speak to a business setup consultant for Free! Send us an inquiry!
How to start an LLC Company in Dubai?
To establish a limited liability company in Dubai Mainland or anywhere else in the UAE, you need to reserve a trade name and obtain preliminary approvals. You also need to get a memorandum of association of the company and submit the lease contract and other necessary documents to the Department of Economic Development. You will also need to partner with a UAE national and may require additional certifications from authorities, a rented office space also is a must. With Shuraa Business Setup you can start a business in Dubai and relax about the requirements. We offer all inclusive, affordable packages starting at just Rs. 5,00,000. However, each business has different demands and may cost different. To get the accurate cost of LLC business setup in Dubai contact our business setup consultants in India.
What are the benefits of a business setup in mainland UAE?
As a mainland UAE company, you can do business with any country and trade freely. You get access to affordable rental office space as you are not geographically-limited, compared to free zone companies who are only forced to do business inside the free zones and have limited business scope.
What is a Free Zone?
Free Zones are areas designated for international businesses, which need 100% foreign ownership. Companies in each free zone can trade only within the same freezone and nowhere else in UAE.
What are the benefits of a business setup in UAE Free Zones?
As a freezone company, you can have full ownership of your company and get access to free-hold property anywhere in Dubai. Not all but some of the free zone business setups in Dubai are exempted from paying taxes and import or export duties.
How much time does it take to start a business in Dubai?
With Shuraa Business Setup, company formation in Dubai Mainland can take less than 72 hours, however, it is must that you have the right documents at hand. Being trusted partners and over 18 years of association with the Department of Economic Development in Dubai, we can establish businesses in UAE in just three days. Company formation in UAE free zones can take anywhere between 3-10 days.
What are the types of UAE Business License or Trade Licenses in Dubai?
There are four types of Business License or Trade Licenses in the UAE; Commercial License –issued to a company engaged in any kind of trading activity, Industrial License –issued to a company engaged any king of manufacturing or industrial activity, Professional License – issued to service providers, artisans, professionals and craftsmen and the last one is Tourism License – issued to travel, tourism and hospitality companies in the UAE.
What are the documents required for business license renewal in UAE?
To renew your trade license, you need to provide a certificate of authenticity for the lease contract issued from the Real Estate Regulatory Agency as well as a new Memorandum of Association, with the necessary modifications.