Having a reliable business environment and affordable tax rates, Dubai plays a major role in starting a new business. However, starting a new company in Dubai requires various things ranging from registering a business to getting a license to renting office space and much more. Just read this article to know more about business setup in Dubai.

Types of Companies Set Up

When it comes to the Company Formation Dubai, three types play a major role here in the UAE.

Mainland companies

Most of the companies would prefer setting up business in mainland companies as they are subjected to corporate tax only.  The one who chooses this setup can trade all around the cities freely.

Free Zone companies

Business owners who don’t want to pay UAE corporate tax come under this category. Those who have registered the free zone business type cannot buy any property in the mainland zone. 

Offshore companies

Like Free zone companies, offshore companies are also not subjected to UAE taxes. It is ideal for business owners who want to run their business in a tax-free environment.

Types of Licenses

After registering a business, it is essential to get the required license to run your new business in the UAE. Before registering a new business, the owner should consult the best Corporate Services Dubai that provides suggestions regarding the license they need. There are three types of licenses here.

1. Trade License

2. Industrial License

3. Professional License

Required Documents

While registering a business, it is essential to have the following documents in your hand to avoid any delay in the future.

1. Application form

2. Business form PDF

3. Residence proof

4. Memorandum of Association

5. Article of Association

6. Board Resolution document

.  These are the basic eligibility criteria that one needs to be fulfilled before running a business in Dubai.

1. Age - Should be at least 18 years old

2. Nationality – No restrictions except free zone companies

3. Good marks – No criminal records

4. Business plan- should have business outlines

5. Fund – Should have adequate cash to run and manage business

6. Visa – Finally, a residence card is important

Business Cost

Based on the location whether it is a mainland or free zone set up, the cost of registering a new business varies. Some additional costs will arise such as office space rent, business registration fees, license fees, visa fees, etc. To know more about the visa fees, business owners can contact the Golden Visa Services Dubai to analyze the exact cost estimates.

For more information, you can visit our website https://www.globaledgecorporate.com/ or call us at +971555458662