01 Feb How to Register an Indian Company in Dubai?
New-age Indian investors and business owners who want to register a company in Dubai can now take advantage of several benefits. Continue reading to learn more about How to register an Indian Company in Dubai!
For a mainland business setup, you can register a company in Dubai without a local UAE partner holding shares, and the government has also implemented several other business-friendly reforms.
To enjoy a low-cost business setup in the UAE that provides top-notch services, speak with business setup consultants in Dubai like Shuraa Business Setup.
Wondering Can an Indian open a company in UAE, Keep reading to learn more about it.
Can I start a business in Dubai from India?
The process of forming a company in Dubai is straightforward; all that is needed is the name of the business you intend to register, along with the directors’ passports and photos. No additional paperwork is needed to register a company in Dubai. There is no requirement for two people to register a company; one person can do it.
The entire company setup process will last two to three weeks and can be completed remotely from any location in the world. However, you will need to travel to the UAE if you need a bank account in a physical bank with branches.
How can I start my own business in Dubai from India?
We are prepared to offer you all of our support as you establish or grow a business in Dubai. In Dubai, the process for forming a company or growing your business might occasionally feel overwhelming. We also recognize that starting a business in Dubai may be challenging for you. As a result, we are here to assist you at every step.
In order to register an Indian Company in Dubai, follow the steps below:
- Finalize your business activities.
- Set up a distinctive trading name for your business.
- Choose company structure.
- Draft the LSA/MOA.
- Apply for a business license
- Apply for an investor visa and an Emirates ID.
- Open a business bank account.
Benefits of Setting up an Indian Company in Dubai
Indian businesses with cutting-edge concepts have been able to develop and mature in a variety of ways thanks to Dubai’s diverse business model. Why Dubai? must be the first thought that came to mind. Consider the advantages of expanding and starting a business in Dubai or another UAE city.
If you apply logic, there are several reasons why someone might want to expand or start a business in Dubai. One of the explanations is that the Dubai government has made sure to provide prosperous business chances to various businesses and entrepreneurs from across the world. Here are a few of the benefits:
- A tax-free status.
- Business accessibility.
- Potential clients in the Middle East and Africa.
- Purchasing Dubai real estate in the name of a corporation.
- Making Investments in Digital Assets and Cryptocurrencies.
- Making investments around the world and establishing Dubai Company as a holding company.
- On a case-by-case basis, numerous additional advantages.
For these reasons, many entrepreneurs register an Indian Company in Dubai and conduct business through their Dubai Company.
A company in Dubai may be established in either the Mainland of Dubai or one of its Freezones. It is recommended that you establish your business in mainland Dubai if your clients are based there. However, registering a business in the Freezone should be preferred if your target market is outside of Dubai.
Freezone versus Mainland Tax Rates in the UAE
The tax rates are the primary factor in why many Indians (especially online businesses) choose to establish their companies in Dubai.
There was absolutely no tax in the entire United Arab Emirates up until a few years ago. Neither an income tax nor a VAT/GST or any other kind of tax existed.
However, starting in June 2023, Mainland entities’ profits over 3,75,000 UAE Dirhams will be subject to 9% Corporate Tax. Only Mainland-based entities are subject to this tax; freezone-based entities are not.
In addition to the 9% Corporate Tax, mainland companies selling in the UAE are subject to VAT. Most items have a 5% VAT rate. If any company sells from the Free Zone to Mainland, they are also subject to 5% VAT.
When a bank account is opened, Internet Banking is activated, allowing users to access their accounts from anywhere in the world without having to stay in the United Arab Emirates.
Does the Indian government tax money make in a free zone by Indians?
Whether the company is being controlled and managed from India or not will determine whether the Indian government will impose tax on the income earned by this foreign company. Simply put, it will depend on whether its directors are located inside or outside of India.
If Directors live outside of India
If the Directors of the Dubai Company reside outside of India, neither the Indian Government nor the Directors themselves may be taxed on the Company’s income. Both the Company and its Directors would be regarded as NRIs in such a scenario.
How much does it cost to register a company in Dubai?
The size, kind, and location of the company are just a few of the variables that affect how much it costs to register a business in Dubai. The expected expenditures are significantly influenced by the necessary legal authorization.
The most affordable alternatives for your company’s business setup are provided by Shuraa business advisors. In a Dubai-free zone, the cost of registering a business normally starts at 17,900 AED. Usually, for mainland Business setup, the cost starts at 18,500 AED.
Can you own 100% of a company in Dubai?
Yes, any foreign national may establish a firm on the mainland with 100% foreign ownership.
Conclusion
The business sector in Dubai is expanding daily, so choosing to register your company there from India was a wise move! Shuraa, business setup consultants in Dubai, can assist you in finding the ideal location for your dream company as well as assisting with the necessary paperwork.
You can get assistance to register an Indian Company in Dubai from our devoted team of business consultants and advisors. Contact us to sign up right away!