Dubai, considered as the business hub of the Middle East has always been friendly to business investors. In fact, the past decade has seen a phenomenal rise in business start-ups in Dubai, thanks to the economic stability being shown consistently. But without proper guidance starting a business in the city is going to be very hard, especially if it’s your first time.
Three types of entities can be set up in Dubai free zones:
- Branch of a foreign or local company
- Free Zone Establishment (FZE), with a single shareholder
- Free Zone Company (FZC), with 2 to 5 shareholders
Benefits - Dubai Free Zone Company
- 100% Ownership
- Can be formed by only one individual
- 100% Secrecy maintained
- 0% Tax
- Less Renewal Charges
- Can be liquidated anytime
- You can do international business
- Can do multiple activities & hold Properties
Types of Licenses in Free Zones
A business license is mandatory for Company formation in UAE free zones.- General Trading License: To trade in all kinds of products using general trading license
- Trading/Commercial License: To perform industrial, commercial, or consulting activities
- Service License: To operate law firms, accounting firms, and business consultancy
- Industrial License: To import raw materials, manufacturing goods imports, and exporting finished products, across global boundaries
- Warehousing License: To avail warehousing facilities on lease for distribution, packaging, and storage of goods
- Manufacturing License: To manufacture products
Popular Free Zones in UAE
- Saif Zone Free Zone
- Dubai South Free Zone
- Sharjah Media City Free Zone
- Fujairah Free Zone Company
- Dubai Airport Free zone Company
- Dubai Silicon Oasis Company Formation
- Sharjah Media City Free Zone
- DMCC Free Zone
- Gold & Diamond Park Company
- Dubai South Free Zone
- World Trade Centre
- Dubai Internet City
- Dubai Design Free Zone
- Dubai Car & Automotive Company
- Dubai Biotech Research Park
- Dubai Academic City Business Setup
- Rak Free Zone Business Setup
- Ajman Free zone Media City
How to set up a Business in the UAE Free Zones?
Company set up in free zones is not subject to the Dubai Commercial Company law. Rules and regulations are set by concerned free zone authorities.Business Setup Process in UAE
- Restaurant Business Setup
- Hotel Business Setup
- Travel Business Setup
- Boutique Business Setup
- Laundry Business Setup
- Dental Clinic Business Setup
- Beauty Salon Business Business Setup
- Grocery Business Setup
- News & Media Business Setup
- Consultancy Business Setup
- Software Business Setup
- Healthcare Business Setup
- Manufacturing Business Setup
- Gym Business Setup
- General trading company
- Investment company Setup
- Real Estate Setup
- Education Institute Setup
- Construction Company Setup
- SPA Business Setup
- Event Management Company
- IT Company Setup Service
- Manpower Licence Dubai
- Pharmacy License in Dubai
- General Trading License
- Freelancer License in Dubai
- eCommerce License in Dubai
Procedure to set up a Business in Dubai Free Zones
1. Determine the type of legal entity
Determine which type of entity you want to set up in any of the free zones. The capital requirement for such entity depends upon that particular free zone where you want to form a company.2. Choose a trade name
Select a trade name for your company. Cross-check with the respective free zone authority about the permitted trade names and the availability.3. Apply for a business license
After registering the business in the free zone authority’s portal apply for a business license. You need to submit the supporting documents also, for applying the license.4. Choose an office space
Flex-desk office services are provided to support start-ups in the free zone. You can either buy or lease office spaces.5. Get pre-approval, register your business, and get the license
Obtain the initial approval and the related business approvals from the specific authorities. Register your business and get your license. 2- 4 weeks are needed for the process.Get help in Free Zone Setup !
UAE Ministry of Economy announced that the amended Commercial Companies Law will come into effect on June 1st, 2021, allowing foreign investors and entrepreneurs to establish and fully own onshore companies.
The UAE government has recently adopted an amendment to the Commercial Companies Law allowing 100 percent foreign ownership of companies.
Abdulla bin Touq Al Marri, Minister of Economy, said, “The amended Commercial Companies Law aims at boosting the country’s competitive edge and is a part of UAE government efforts to facilitate doing business.”
Bin Touq added that the amendments introduced by the new Commercial Companies Law will boost the UAE’s appeal as an attractive destination for both foreign investors, entrepreneurs and talents. It will further strengthen the country’s position as an international economic centre and encourage the flow of investments to the country’s vital economic sectors.
WAM/Esraa Ismail/MOHD AAMIR
Business setup in Dubai South is a strategic enterprise of the Dubai Government. It is conceived as the world’s first purpose-built Aerotropolis, that places the Emirate as a premier international trade and logistics center. Dubai South has been closely linked to the Jebel Ali Port (the major container port between Rotterdam and Singapore) and Al Maktoum International Airport via the steadfast Logistics Corridor. This Corridor has become a single custom-bonded zone and facilitates one of the fastest sea-to-air and air-to-sea cargo operations in the world.
Dubai South is a city comprising of 145 sq. kms area and can easily accommodate the innovative and flourishing platform that supports every plausible enterprise and industry. It is a vital connecting point between East and West and is in the most happening location in Dubai.
There exists an ideal urban ecosystem at Dubai South, that enables your business to save significantly on time and money. You can very well become a member of our increasing family of investors list of MNCs, SMEs and entrepreneurs who are leveraging on the city’s internal and external synergies.
How to Setup Company in 2 Days
The themes of Dubai Plan 2021 reflect the royal vision of Dubai which applies to Dubai South as follows:
- To become a City of cheerful, creative and empowered people
- To become the preferred place to live, work and invest
- To build an inclusive and cohesive society
- To build a smart and sustainable City,
- Become a pivotal hub in the global economy
The Flexi-Desk (E-Office) Facility of Dubai South gives the investor eligibility to obtain up to Two Visas.
The Initiatives made by His Highness Sheikh Hamdan bin Mohamed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, to develop a knowledge-based economy while ensuring the happiness of both citizens and residents has led to the concept of Dubai South. This has eventually helped to build a level of trust with potential investors seeking to invest in a healthy business environment.
Black Swan is your preferred choice to help in setting up business in Dubai South. We can support you in all types of company registrations here and we make it easy for you to start your company. You need not worry about business start-up in a free zone. We at Black Swan, specialize in legal and document clearance activities in the start-up process. Know more on Dubai Free Zone Company Registration
Register Your Company Today
Women are key to the economic future of UAE! It is evident from the fact that 70% of the region’s university graduates and 44% of the workforce consist of women. There are ample opportunities for women in Dubai to start their own business and 2019 may be the year of women entrepreneurs in UAE!
Black Swan presents "Success in Making"
Startup Success story of Alisha Merchant Veljee - Founder of Tian Yi Lifestyle Consulting LLC
Here’s a list of business ideas for women entrepreneurs:
Boutique Business Setup
Fashion industry is evolving constantly & even though there is no dearth of boutiques in Dubai, the customer base is increasing day by day. If you have a passion for fashion, opening a Boutique is a good idea.
Beauty Salon Business Setup
Women of any age can start this business. It needs only a little investment on training, quality products and basic equipment. A spare room in your house can easily be converted into a beauty salon. Know more on Beauty Salon business Setup in Dubai
Daycare/Creche Setup
Women have inherent talent for childcare! Spending time with kids starting a daycare center or creche is a great idea for women entrepreneurs. It’s better to start on a small scale and then reach for higher levels.
Consultancy Business Setup
If you are good at networking with professionals of diverse industry backgrounds and have in depth business knowledge of the market, you can very well set up a consultancy firm and share information with others. No need for much investment, just a small room can be turned into your office space.
Interior Decor Store
A good eye for design and art can change your business scene! You can very well open an interior designing business in Dubai. You can try to bring in local art and crafts in your shops and get good clients as your shop gets popular.
Restaurant Business Setup
Most women share a passion for cooking and are always trying out new recipes. Why not turn this into a business idea & start your own restaurant or café in Dubai? Catering or take-away service are good options too.
Start a Gift Shop
A gift shop business is very apt for women entrepreneurs in Dubai as no prior experience is needed for setting up. You can start by ordering things from a trusted dealer or search the Internet for latest gift items and build up your stock in your store to sell.
Online Business Setup
There are diverse ways for women in business to start earning online. Freelancing web writing, blogs, articles and feeds for websites, opening e-stores etc. can generate a lot of revenue if they are marketed well.
Start a Pet Shop
A pet store selling accessories and other knick-knacks for pets can be started complete with items like pet foods, accessories, clothes, cages, kennels, etc.
NEED HELP ? GET FREE CONSULTATION TODAY !
Event management Company Setup in Dubai : Dubai is famous world over as one of the event capitals of the world. Dubai hosts hundreds of events; from international trade fairs and consumer shows to corporate functions and conventions every year. Millions of international visitors land here every year and the World Trade Centre events and exhibitions alone are estimated to contribute some USD 3.3bn to the economy.
Many event management companies have flourished here in Dubai and there is still scope for more! Starting an event management company in Dubai is very easy if you are aware of all the legal formalities. If not, you can always seek professional help of a business consultant to make things easier.
Decide where you want to set up your business – on the Dubai mainland or in one of its many free zones. Foreign entrepreneurs setting up in a Dubai free zone are allowed to own 100% of their company & do not require a local sponsor to do business. However, free zone businesses have restrictions on where they can hold events and exhibitions as they must apply for a permit from every venue they work with and cannot hold events in public spaces like beaches or parks. Mainland businesses meanwhile only need apply once to the Department of Tourism and Commerce Marketing (DTCM) and can then usually hold events anywhere throughout the UAE.
If you opted to set up your events management company in a free zone then there is often no requirement to take up an office space, but on the mainland however, office space is mandatory.
Setup Process
The steps to obtain event management license in Dubai are as follows:- Submit an application form for obtaining the license to the Department of Economic Development (DED) listing your business activities. read more
Foreign nationals who wish to launch your dream business venture in the luxurious UAE nation can now celebrate 100% full ownership. Even free zones of the UAE can launch business with full ownership. Isn’t it great news to party hard?
Of course, a great and happy deal this is!
Earlier, all the business ventures by the foreign nationals at the mainland areas needed to be partnered with a UAE aspirant – that is a local sponsor. So these local sponsors hold almost 51% of shares your company has. By the month of June, Commercial Law of UAE companies implemented new amendment acts and thus great changes started happening.
Here we go on learning about formation of our own business venture in the UAE nation with complete ownership.
Do you have so many questions raising in your brain now? Do not get worried and give minds huge brain storms. Well, you can hold 100% ownership in the UAE business venture but how do you step into UAE and start your own business?
Here are some outlines for you to understand!
Regularize the list of considered business activities
Know and list the business ideas you wish to launch in Dubai, UAE. Economic Development department – DED lists out the allowed business sectors and maintains that. All we need is just to choose our business sector from the DED maintained list. This is going to finalize the type of license you need. There is a list of business activities that lead to complete ownership for foreign national investors which fall into the commercial law of the UAE. It lists almost everything you think. Because this maintained list includes arts, entertainment, agriculture, business support, business administration, information technology, communication, education, construction sector, food, hospitality, manufacturing, human resources, health care, research, warehouses, transportation , and so on…Finalize the business structure of you, for you!
Actually many of the foreign nationals who form their business in UAE entities go with LLC kinds – Limited Liability Company. Together with this complete ownership scheme, formation of companies in Dubai has become much easier than before. All you need will be a UAE based local service agency to help establish all.Select and Book the business brand name
Like every business has to hold a unique name, your business idea in UAE must be kick started with a unique name too. Go through UAE’s protocol of business naming and choose a unique, attractive name. Avoid controversial or tough terminology and choose a name relevant to your kind of business.Plan and Select your office location
Analyze, plan wisely and choose your company location. If you have got plans to implement a business in mainland areas, setting up a physical outlet in a good location really matters. Select a space that is very simple, easy, cost effective to rent. Rental spaces are not a very tough procedure to take in the UAE. If your business can operate virtually, then go with a virtual office setup because it will be a great fit.Application for Dubai’s trade license
Attaining a proper license for your trade has to be checked importantly. Whatever business that needs to be set up in UAE operation should have a proper trade license. Do not confuse how to get a valid license. Your local service agent will guide you to get that. They will also guide you in sketching a total estimated cost of setting up your company in the UAE. Hope that they will drive you in the correct way because they really will.Avail correct visa for your travel
If you are planning to open up a business in UAE, Apply your proper visas and for everyone you bring with you as employees or your own family. This will not be a tangled process because UAE deeply welcomes your business entity there. As you and I think, what is the benefit for them to provide 100% ownership? There are few motivation points for them behind the establishment of this complete ownership law. Some of them are, It acts as a growth factor for their economy. There are particular business sectors in which the UAE needs continuous growth. Their desire to see growth in green technologies such as utilization of power plants and implementation of solar panels. The key sectors which come under complete ownership acts are- Agriculture
- food service
- Hospitality
- healthcare sectors
- renewable energy
- storage units
- Transportation
- Distribution
- product manufacture
- construction units
- info tech
- Communication
- scientific researches
- space activity
- Administration
- education
- arts and entertainment
Dubai, is a city reputed for its world famous tourist attractions and is a tourists’ paradise. The city is as one of the world’s top 10 most visited places & Travel & Tourism Agency Business setup in Dubai is certainly a most lucrative business for investors worldwide. The Government of Dubai has left no stone unturned to assist new startups and budding entrepreneurs with its tax reforms and free zones.
If you’re confused on how to open a travel agency in UAE you don’t need to worry! Black Swan BSS has some tips and guidelines to help you start a travel and tourism business in Dubai:
Get UAE Tourism License
To start a travel and tourism business in Dubai an apt tourism license is a must! Typically 3 types of tourism activities need travel company license in Dubai:- Travel Agency Activity License
- Inbound Travel Operator Activity License
- Outbound Travel Operator Activity License
Ensure the right documents
After you deposit the requisite amount with the concerned authority, you’ll have to submit the following documents:- Application Form
- Passport copies of each foreign applicant
- Education and experience certificates of Manager
- Clean criminal record certificates of the owner & the manager
- For UAE Nationals, Khulasat-Al-Qaid and a copy of Identification documents.
- NOC from the Civil Aviation Authority
- Feasibility Study report
Office premises for Travel Agency
Office space is a vital requirement in getting a license. There has to be at least a 30 square meter office space for each activity.Starting a Travel Agency in Dubai - the Process
- Pay the initial approval fee to the DTCM
- Request the approval of trade name of the travel agency
- Supply an insurance policy;
- Submit a lease contract and the blueprint of the location where the travel agency will operate. The contract must be signed for at least three months
GET FREE CONSULTATION FOR TRAVEL / TOUR AGENCY & BUSINESS SETUP IN UAE
Are you planning to set up a Food stuff trading company in Dubai? Then we have some tips and ideas for you. Check the full video: https://youtu.be/3lveLkNKpDA
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The Dubai mainland business set up has huge opportunities for entrepreneurs. The regulatory authority to issue mainland licenses is the Department of Economic Development (DED) of the United Arab Emirates.
Mainland license
An offshore license is also known as the mainland license which allows people to run internationally and inside businesses of UAE without any limitations. UAE has the regulatory authority for issuing licenses by the Department of Economic Development (DED). Based on the UAE company law, the mainland company set up in Dubai and the rest of UAE needs a local service agent or a local partner. The Dubai mainland business setup would determine either you need a local service agent or a local sponsor. 51% of the company shares are maintained by the local sponsor and the remaining goes to the business owner. The control of business is retained by an exchange for a set annual fee. The shareholding authority is not maintained by a local service agent, but they can act as the company representative in administrative dealings with the government departments.Advantages
- Can rent commercial space in any area.
- Would conduct a wide range of business activities.
- Can trade internationally and anywhere in the UAE.
- Easy to open a corporate bank account.
- Can bid on government projects.
The license types of mainland company set up
- Can have a professional license with a wide range of service activities.
- Use of commercial license for a wide range of trading activities.
- The industrial or manufacturing license for a wide range of manufacturing activities.
The legal structures of a mainland company
- The sole establishment
- The civil company
- Limited Liability Company (LLC)
- The Branch
- The Representative office
- The Subsidiary
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