With an international business climate and a stable currency that is pegged to the US dollar, the United Arab Emirates offers one of the best avenues for growth. Complete all the relevant forms, pay any application fees required, sign the relevant documents and send them to the right offices. With DMCC’s investments in creating the perfect incubator for your e-commerce business, it comes with a plethora of ecosystem services to give your business the extra push it needs to thrive. We are a team of company registration professionals who are passionate about bringing the dreams of aspiring entrepreneurs and SMEs to life. Though there may be conditions depending on the type of business you wish to start, your nationality, and the country of your tax residence.
Generally speaking, the average share capital requirement for free zones in Dubai is set at AED 50,000. Read more about visa services here. Now that you’ve decided what you’re planning to do, where you wish to do it and under which name you’ll trade, it’s time to make your Dubai free zone company formation official by submitting your application. This is one of the most unique free trade zones, in that it allows companies to apply for their licence and establish their businesses without the need for a Visa. Dubai CommerCity’s expert team can guide you through the processes of getting your e-commerce business registered and running in the UAE.
Setting up a trading company in Dubai without guidance is like wandering in the desert without a compass. Our team of experts is like a Bedouin guide, well-versed in the landscape of business setup in Dubai. We can help you navigate the process smoothly, ensuring you save time, effort, and money.
We assure you of committed and dedicated support during the setting up and commencement of operations of your e-commerce business platform. The real estate business in Dubai, UAE is a sought-after one, with intense competitiveness in the market for investor license all year round.
You will need the required funds to incorporate your business and get necessary license. You can start an online business in Dubai with minimal investment after that. Dubai is a free economy and has been designed to attract investment and businesses of all types. Dubai government has tried its best to make the business regulation as seamless as possible and most of the regulation is in compliance with international business best practices. The next step to starting your business in Dubai is to choose a company name.
However, they are not involved in decision making and are paid a pre-agreed fee for their services. Not only can foreign businesspeople take advantage of the UAE’s 0% tax rate on corporate and personal income, but they are also now free to retain 100% business ownership in most cases.
Professional license / Instant License
MBG Corporate Services is one of the leading firms helping investors in Dubai and abroad to set up their dream business in the industry of their choice. We have a huge and prestigious blue chip client base around the world that depends on our services. The Dubai real estate industry is one of the highest-yielding real estate markets globally, standing ahead of markets like London and New York. In this article, we cover everything you need to know about setting up a real estate business in Dubai. If you’re seeking the most budget-friendly general trading license in the UAE, consider the SPC Free Zone. The list of documents can differ depending on the type of legal entity and intended activity. Collect the trade licence and key to the hand-picked office solution after signing the lease agreement and move into your premises.
However, provided you approach the process with your eyes open and seek the right guidance, in most cases, you’ll have your business set up in a matter of weeks. You can apply for your own UAE residence visa as well as those of your employees and any domestic staff you may have. When setting up as a freelancer working in a free zone company, you may also be required to provide proof of invoices or work orders. Dubai Knowledge Park is known as the world’s only free zone dedicated to HR management, learning excellence, consultancy and testing centres. Fujairah Creative City is situated 90 minutes east of Dubai and provides resources for plenty of creative industries.
Steps for Opening an E-Commerce Business in Dubai
For a fully owned LLC in the mainland, you would need to keep a budget of at least this amount for the set up and registration process. He added that companies wishing to set up a branch office in the UAE, for example, would need to complete many more documentation procedures, compared to when a business is being set up by an individual. From starting a sole establishment to a small LLC, there are multiple ways in which you could embark on your journey towards entrepreneurship. If the non-individual parent company is based outside the UAE, attestation of all documents is required at the UAE embassy. In an FZE company formation, the director and shareholder can be the same person. Once you have completed our online form, you will be contacted by our sales team to further verify your application.
Each form of business organization has its merits and demerits, contingent upon your business activity, expansion plans, and long-term vision. However, with evolving laws and policies, understanding the best fit for your needs requires up-to-date information. In order to understand how to start a business in Dubai, you need to understand and choose the appropriate business structure for you. The absence of personal income tax and lower corporate tax in most industries plus exemption in certain cases allows businesses to reinvest their profits, fueling further expansion and development. Additionally, the UAE’s double taxation treaties with several countries offer a strategic advantage for international companies. For details read our blog post about corporate tax exemptions in Dubai. In most cases, foreign businesses in the mainland require a local service agent or sponsor, but they do not have ownership rights in the business.