Entrepreneurs have a variety of places worldwide to choose from, but multiple things traits make Dubai the best place to start a business.
These are:
- Strategic location
Dubai is one of the best strategic locations in the world. It is a gateway to Europe, Asia, and Africa.
Due to its strategic location, investors find trading a lot easier and simpler.
- Dynamic economic structure
Its stable economic system offers amazing opportunities to businessmen. Therefore, it attracts entrepreneurs from every corner of the world to start a business here.
- Supportive commercial laws
The commercial and legal laws of Dubai provide foreign investors with top-notch incentives.
Moreover, the digitalization of the business procedure has made the business setup procedure simple and easy.
It involves minimal paperwork.
- Open trade center
Dubai is an open trade hub for entrepreneurs. It means that they can collaborate with multiple countries.
Furthermore, it offers amazing perks and helps foreign investors build strong trade relations with parties.
- State-of-the-art infrastructure
Dubai is famous for its mind-blowing infrastructure in the world. This city is well known for immense advancements in terms of ultimate infrastructure.
Different business setup options in Dubai
Before starting a business in Dubai, you should be familiar with the regional benefits of your business.
Dubai’s government divides business into these three categories:
- Mainland
- Free zone
- Offshore
As per your business’s activities, these three jurisdictions allow you the area of business operation.
We will analyze every single category step by step.
Here you go!
1. Mainland business setup in Dubai
Business setup in Dubai’s mainland business lets you trade with the local and international markets.
If you want to register mainland business in Dubai, you should opt for the Department of Economic Development (DED) in Dubai.
If you have no prior experience in setting up a business on Dubai’s mainland, it is always recommended to avail the services of professional business consultants in Dubai.
It will save you a lot of time and effort.
Bizstart business setup experts have years of experience in setting up a business in Dubai’s mainland, free zone, and offshore.
We offer customized solutions for businesses of all types and sizes. Our experienced consultants will provide you with scholarly guidance and ultimate support.
Remember, in Dubai’s mainland business, you are not allowed to hold 100% foreign ownership.
Not at all!
Instead, foreign investors are only permitted to hold 49% equity ownership. On the other hand, 51% of the company’s share belongs to the UAE’s nationals.
The plus point of doing business on Dubai’s mainland is that you can perform different business activities under a single trade license.
How amazing it is!
Furthermore, no corporate tax or income tax is imposed by the government.
2. Free zone business setup in Dubai
Free zone business is also referred to as free trade zones. You can trade different items at custom rates and favorable taxes in these jurisdictions.
There are more than 30 free zones operating in Dubai. Free zones are home to hundreds of thousands of businesses in the country.
The cost of setting up a business in Dubai’s free zone depends on your business activity and your preferred free zone.
Unlike Dubai’s mainland business, free zones let you hold 100% ownership of your company.
Moreover, you do not need to pay corporate tax on your revenue. In this way, you can keep all your profit.
You can obtain a license quickly. Dubai’s government gives easy access to free zones. The majority of free zones are located near airports and sea ports.
In this way, you can trade locally and internationally. To add more, free zones also allow you to perform a number of business activities.
3. Offshore business setup in Dubai
Last but not least!
An offshore business setup in Dubai offers entrepreneurs low tax or sometimes no tax benefits.
Offshore companies in Dubai can also set up their base in offshore locations outside Dubai.
The process of setting up an offshore business in Dubai is pretty simple. It only requires a couple of weeks to complete.
For this, you need to fill out an application form. Here you need to put all the necessary information related to your business.
Additionally, you can operate multi-currency bank accounts in Dubai offshore.
Thus, it is ideal for foreign investors looking to have full business control.
Start your business with Bizstart!
We hope you have become familiar with the mainland, free zone, and offshore business setup in Dubai.
If you do not know where to begin, you do not need to worry anymore.
Avail of the top business setup services of Bizstart. Our matchless services include end-to-end business registration, government approvals, trade licenses, visa services, and a lot more.
Our experts are well-versed in the entire business setup procedure of Dubai. Therefore, we can simplify the entire business setup process for you.
Meeting our client’s requirements is our top priority; accordingly, we offer seamless business setup solutions at reasonable prices.
Contact us for further details.