GrowBizQuick.com
Business setup in Dubai!
Every year, thousands of people and businesses want to know how to set up a company in Dubai.
Whether you are an individual looking to live and work in this beautiful city or an existing business wanting to enjoy tax benefits,
Let us help you understand how to start a company in Dubai.
Business Setup Dubai
GrowBizQuick specializes in company formation in Dubai. We are top notch corporate service provider and ready to help you set up your business.
We have successfully assisted over 800 companies in establishing themselves in Dubai.
Our experience and knowledge make the company formation process smooth and easy for you.
We offer a wide range of services with full transparency, meaning there are no hidden costs or unexpected surprises.
Plus, if you need it, we provide an option for a guaranteed company account.
Choosing GrowBizQuick means you have a reliable partner to help you succeed in Dubai!
Your Gateway to
Business Setup
in Dubai
Business setup in Dubai FreeZone
Setting up a business in a Dubai Freezone can be a smart choice for many entrepreneurs.Freezone companies enjoy various tax benefits and are perfect for businesses that do not plan to operate within the UAE.
Dubai has over 30 Freezones where foreign companies can run their operations. Since most Freezones offer similar activities, it is essential to consider factors like cost, performance, and reputation when choosing the right one.
Benefits of Freezone Companies
Low or No Taxes:
Individuals do not pay income tax. Businesses have a maximum tax rate of 9%, but there are allowances and possible exemptions.
Privacy and Data Protection
There is 100% privacy, meaning company registers are not publicly visible. Registration is optional, allowing for more confidentiality.
Simple Accounting Requirements
Companies can keep simplified accounting records. Only annual financial statements or tax returns are needed.
No Participation in CRS Data Exchange
With a residence visa, your bank account information remains private.
No Mandatory Share Capital
There is no need to deposit or show share capital when starting a Freezone company; this requirement is only on paper.
Real Estate Opportunities
Freezone companies can buy and manage real estate both inside and outside the UAE, including in Dubai and Abu Dhabi.
Streamlined Company Formation
Experts at GrowBizQuick will take care of all the necessary steps for setting up your company, handling visa procedures and bank account openings for you.
Comprehensive Services in One Place
At GrowBizQuick, you can access a wide range of services, including company formation, visa services, bank account setup, tax advice, and annual financial statements.
Diverse Business Opportunities
Business Setup Costs in Dubai
Dubai Free Zone Company Setup Cost
The cost of setting up a company in a Dubai Free Zone ranges from around AED 15,000 to AED 30,000 annually, depending on factors like free zone location, business activity, number of shareholders and visas, and office space lease.
Factors Affecting Dubai Free Zone Company Setup Cost
Free Zone Location:
The specific free zone you choose has a significant impact on the costs. Different free zones have varying fee structures.
Type of Business Activity:
The type of license you need depends on your company’s primary activity. Trading, service, and industrial licenses have different fee ranges.
Number of Shareholders:
The cost can be higher for companies with multiple shareholders compared to single-shareholder companies.
Number of Visas:
The number of residence visas required for you, your employees, and dependents affects the overall cost.
Lease of Office Space:
The cost of renting or purchasing office space in the free zone is an additional expense to consider.
Minimum Estimated Cost
While the exact cost can vary, a rough estimate for the minimum cost of setting up a company in a Dubai Free Zone is around AED 15,000 annually. This includes:
- Registration fees starting from AED 3,500
- A license fee of around AED 10,000 for a basic license
- Visa fees for the business owner starting from AED 3,000
- If you are considering starting a business in Dubai, it’s crucial to understand the costs involved.
- GrowBizQuick is here to help you navigate the process, ensuring you choose the right package for your needs
- For more detailed information or to begin your company formation process in Dubai, please visit our website or contact us!
GET IT DONE WITH MINIMUM HASSEL
WE'LL HELP YOU
SETUP BUSINESS FAST
Dubai offers a significant advantage for private individuals and companies: 100% tax exemption.
There are currently no personal taxes in Dubai. However, a corporate tax was introduced in June 2023, which primarily affects mainland companies.
Companies in UAE free zones can qualify for tax exemption if they meet certain requirements.
The corporate tax only applies to annual profits exceeding AED 375,000 (approximately EUR 95,000).
Profits above this exemption limit are taxed accordingly.
Expenses such as salaries, office rent, and telephone costs can be claimed as deductions, reducing profits and consequently reducing taxes.
If you live in the UAE, you can pay yourself a high salary (no income tax) and thus reduce the corporate tax to 0% in most cases.
Additionally, if your annual turnover does not exceed AED 3 million (approximately EUR 750,000), you can apply for a general exemption from the corporate tax.
This exemption is valid until December 31, 2026, as long as the annual turnover remains below the AED 3 million limit.
Here are some example cases to help you determine the most suitable company structure for your needs:
| Company Type | Why its for me? |
|---|---|
| Freezone company with 0 Visa | You own several companies or assets in Europe or want your new Dubai company to become a shareholder in other companies in the future. You don’t want to move your residence to Dubai and don’t need a bank account. The company serves as a holding company. |
| Freezone company with visa | You run a marketing agency, e-commerce store, etc., mainly serving international customers. You want to relocate your company and possibly your residence to Dubai, but plan little or no business within the UAE. A bank account is necessary. |
| Mainland company with visa | You want to open a restaurant, beauty salon, or any other service business in Dubai. Customers should be greeted on-site in a shop or office. You also want to move to Dubai. A bank account is necessary. |
| Regulated Freezone company with visa | You work in the financial industry, crypto, or NFT sectors and accept foreign funds from others. You need comprehensive advice and a company account. These activities are strictly regulated and require incorporation in designated freezones such as the DMCC, DIFC, or ADGM. |
By considering your specific needs and goals, you can choose the most suitable company structure for your business setup in Dubai.
An offshore company in the UAE is a legal business entity that is registered in one jurisdiction but operates outside of it.
These companies, also known as International Business Corporations (IBCs), are primarily established to benefit from favorable tax conditions, confidentiality, and asset protection.
The UAE has become a popular destination for offshore company formation due to its tax-free environment and supportive business regulations.
Key Features of Offshore Companies in the UAE
Tax Benefits:
Offshore companies in the UAE enjoy a tax-free status, meaning they are not subject to income tax or corporate tax.
This makes them attractive for individuals and businesses looking to minimize their tax liabilities. The UAE has also established Double Tax Treaties with over 40 countries, further enhancing its appeal for international business operations.
Ownership and Structure:
Offshore companies allow for 100% foreign ownership, which is a significant advantage for international investors.
They can be owned by individuals or corporate entities and do not require a local partner.
This structure is particularly beneficial for those looking to hold assets or conduct international business without physical presence in the UAE.
No Physical Office Requirement:
Unlike free zone companies, offshore companies are not required to maintain a physical office in the UAE.
This reduces operational costs and allows for greater flexibility in managing business activities from abroad.
Confidentiality:
Offshore companies provide a high level of confidentiality regarding ownership and financial matters.
The identities of shareholders and directors can remain private, which is often a key consideration for investors seeking to protect their assets.
Permitted Activities:
While offshore companies cannot conduct business within the UAE or engage in activities that require a commercial license, they can hold shares in other UAE companies, invest in real estate, and conduct international business transactions.
This makes them suitable for asset management, holding investments, and other international operations.
Popular Offshore Jurisdictions in the UAE
The UAE offers several prominent jurisdictions for offshore company formation, including:
Ras Al Khaimah International Corporate Centre (RAK ICC):
Known for its cost-effectiveness and ease of setup, RAK ICC allows for 100% foreign ownership and does not require local residency for shareholders.
Jebel Ali Free Zone Offshore (JAFZA):
Historically significant, JAFZA was one of the first offshore jurisdictions in the UAE. It allows offshore companies to own property in Dubai, although RAK has become more competitive in terms of costs.
Ajman Offshore:
Another option for offshore company registration, offering similar benefits as RAK and JAFZA, with a focus on low setup costs.
A Mainland Company is one of the most popular and common forms of business for those looking to operate primarily within the United Arab Emirates (UAE).
This company structure allows businesses to engage in a wide range of activities, both within the UAE and internationally.
There are two main categories under which all companies must be classified:
- Commercial (Trade and Industry)
- Professional (Service and Consultancy)
Sole Ownership – No Local Partner Required
As of now, it is possible to set up a Limited Liability Company (LLC) in most sectors without the need for a local partner or local agent throughout the UAE. This means that a foreign national can solely own (100%) the company.
Commercial License (Trade and Industry)
This license covers activities related to trade and industry, including general trading, car rentals, and food production. It is the most common business model in Dubai and does not require a local partner.Examples of Activities:
- Food and Beverage Trade
- E-commerce
- Car and Motorbike Rental
- Business Brokerage
- Food Processing
2. Professional License (Service and Consultancy)
This license is rapidly growing in popularity, especially post-pandemic. Like the commercial license, it allows for 100% foreign ownership without the need for a local partner.Examples of Activities:
- Beauty Salon
- Restaurant
- Supermarket
- Architecture
- Construction Company
- Real Estate Agents
Advantages of a Mainland Company in Dubai
Very Low Corporate Tax:
The UAE has one of the lowest corporate tax rates in the world.
100% Ownership Possible:
Foreign nationals can own their businesses outright.
No Income Tax for UAE Residents:
Residents do not pay personal income tax.
No Share Capital Deposit Necessary:
There is no requirement to deposit a minimum share capital.
Unlimited Visa Eligibility:
Business owners can apply for an unlimited number of visas for employees.
Business Relationships with Emirati and GCC Companies:
Mainland companies can trade with all companies in the UAE and the Gulf Cooperation Council (GCC) region.
When establishing a Mainland Company in Dubai, various factors can influence the overall costs beyond government fees. Here are some key considerations:
Office Space:
The location, size, and type of office space significantly affect costs. Premium locations in Dubai can command higher rents, while the choice between serviced offices and shell-and-core spaces can also impact expenses.
Number of Visas:
The number of visas required for employees or dependents will contribute to the overall costs. Each visa application incurs fees, and the required office space often dictates how many visas can be applied for.
Equipment and Furnishings:
The type of business will determine the necessary equipment and furnishings. Costs for office furniture, technology, and specialized equipment can vary widely based on the industry.
Utilities and Maintenance:
Monthly expenses for utilities (electricity, water, internet) and maintenance of the office space should be factored into the budget.
Legal and Consultancy Fees:
Engaging legal advisors or business setup consultants can incur additional costs, but they can also streamline the process and ensure compliance with local regulations.
Marketing and Branding:
Initial marketing efforts, including branding and promotional materials, can add to the startup costs.
Insurance:
Depending on the nature of the business, various types of insurance (liability, property, health) may be necessary, contributing to ongoing operational costs.
Licenses and Permits:
Certain businesses may require additional licenses or permits beyond the standard trade license, which can increase costs.
By considering these factors, entrepreneurs can better estimate the total investment required to successfully establish and operate a Mainland Company in Dubai, Abu Dhabi and other emirates.
FAQ
ask us anything
HOW MUCH IT COSTS TO SETUP BUSINESS IN UAE.
The minimum cost of setting up a business in Dubai typically starts from around 13,000 AED, which includes expenses such as registration fees, license fees and visa costs for the investor, This can increase depending on the business structure and requirements.
Can I being a foreigner own 100% of a business in the UAE?
Yes, in mainland & certain designated Free Zones in the UAE, foreign investors can own 100% of their businesses without the need for a local partner.
What are the key steps in registering a business in Dubai.
The key steps involved in registering a business in Dubai are
- Selecting a company name
- Applying for initial approval from the DED,
- Drafting and notarizing the Memorandum of Association (MOA),
- Renting office space,
- Obtaining necessary visas for shareholders and employees
- Completing the registration process with the DED
Additionally, depending on the business activity, you may need to find a local sponsor or partner who is a UAE national.
It’s essential to follow these steps meticulously to ensure a smooth and successful business setup in Dubai.
What is an Offshore Company in the UAE?
An offshore company in the UAE is a type of business entity that is not allowed to conduct business within the UAE.
It is difficult to obtain a bank account for an offshore company, making it less viable for most entrepreneurs. This structure is only suitable if one of the partners holds a valid Residence Visa and Emirates ID.
What are the key considerations for company formation in Dubai?
The cost of starting a business in Dubai varies based on visa eligibility and the specific Freezone chosen. There are nearly 50 Freezones in the UAE, and each has different pricing and regulations. Opening a company bank account can also be challenging in certain emirates, such as Umm Al Quwain or Ras Al Khaimah.
Why choose a Dubai Freezone for company setup?
Dubai Freezones have become more competitive in pricing, making them an attractive option for business setup. Establishing a company in a Dubai Freezone offers advantages such as easier visa processing and simpler bank account opening procedures. The price differences between Dubai Freezones and other emirates are often minimal, while the benefits of being based in Dubai are significant.
4. What is included in the setup costs for a Dubai Freezone company?
The setup costs typically include the business license, office rental contract (flexi desk), establishment card, residence visa, and service fees.
Can I open a bank account with a Freezone company?
Yes, it is possible to open a corporate bank account with a Freezone company. However, one of the partners must hold a valid residence visa for the UAE, and the company’s activity will be considered. Our services can help ensure you secure a bank account.
What is a Residence Visa?
A Residence Visa is a two-year residency permit for the UAE, allowing you to live and work in the country. It is necessary for obtaining a company bank account and is valid across all emirates. Each visa eligibility costs around €500, plus additional authority fees.
Is it true that Dubai is 100% tax-free?
Dubai offers a significant tax advantage with no personal income tax. However, a corporate tax of 9% was introduced in August 2023, which applies only to profits exceeding AED 375,000 per year. Most small and medium-sized businesses will remain exempt from this tax.
The value-added tax (VAT) in Dubai is set at 5% and is applicable only when your business generates turnover
7. Do I have to live in Dubai to maintain my Residence Visa?
No, you are not required to live in Dubai. You only need to enter the UAE every six months (for employee visas) or once a year (for investor visas) to keep your visa valid.
10. Is there a share capital requirement for Freezone companies?
No actual payment of share capital is required to set up a Freezone company. However, the share capital amount is usually stated in the Articles of Association, typically ranging from AED 10,000 to AED 50,000, depending on the Freezone and business activity.
Can I acquire UAE citizenship or a Golden Visa?
While acquiring UAE citizenship is possible, it involves strict residency requirements. The Golden Visa offers a more accessible route to permanent residency for up to 10 years, subject to specific criteria.f Association, typically ranging from AED 10,000 to AED 50,000, depending on the Freezone and business activity.
What are the steps for company formation and visa issuance?
- Initial Consultation: Discuss your requirements and clarify any questions.
- Company Formation: Prepare necessary documents and permits.
- Visa and Bank Account: Apply for your visa and assist in opening a company bank account.
We ensure a smooth process for company formation, visa issuance, and opening a bank account, all within a few weeks. We also provide support for finding housing, health insurance, and schooling for your children.
Tailored Solutions
Customized business setup plans for every client.
Efficient Process
Streamlined procedures for hassle-free setup.
Expert Guidance
Experienced professionals offering insightful advice.
Comprehensive Support
Full-service assistance from start to finish.
Business Structure
Determine the appropriate business entity type based on your business activities and goals.
Sole Proprietorship
General Partnership
Limited Liability Partnership (LLP)
Limited Liability Company (LLC)
Public Shareholding Company (PJSC)
Private Shareholding Company (PSC)
Joint Venture (JV)
Representative Office
Branch Office
Free Zone Entities
Mainland or Free Zone
Identify a Free Zone in the UAE that allows for 100% foreign ownership and aligns with your business requirements.
Trade Name Reservation
Submit an application to reserve your desired trade name, ensuring it complies with legal requirements and is available for use.
Finalize the Business Activites
The Dubai Department of Economic Development (DED) oversees a list of approved operational activities for businesses operating on the mainland.
To maximize your venture’s adaptability in the local market, it’s essential to have the necessary approvals for your chosen activities.
Select your activities from the approved list and liaise with the relevant departments to obtain any required external approvals.
Apply for Business License
Complete the necessary documentation and apply for the relevant business license from the chosen Jurisdiction Mainlaind / Free Zone authority.
Finalize Legal Documentation
Prepare and finalize all legal documents, including Memorandum of Association (MOA) and Articles of Association (AOA), in accordance with regulations.
Obtain Necessary Permits
Secure any additional permits or approvals required for your specific business activities, such as special permits or industry-specific licenses.
Arrange Office Space
Lease office space within chosen Free Zone or mainland to establish your company’s physical presence and meet regulatory requirements.
Submit Visa Applications
Apply for investor visas for yourself and any other foreign employees, ensuring compliance with immigration regulations.
Open Bank Account
Select a reputable bank and open a corporate bank account to facilitate business transactions and financial operations.
Commence Operations
Once all formalities are completed, you can commence business operations under your newly established company with 100% foreign ownership in the UAE.
Our Clients
Don’t just take our word for it
Train with the best
OUR PRICING PLANS
GrowBizQuick provides several packages to make the company formation process easier.
- One visa included
- Company formation in a Freezone
- Bank information and instructions
- Instant License
- No Local sponsor needed
- No Office Space Required
- PRO service fee
- Trade license (Govt. fees)
- Company stamp
- Company Address
- One visa included
- Company formation in a Freezone
- Bank information and instructions
- Instant License
- No Local sponsor needed
- No Office Space Required
- PRO service fee
- Trade license (Govt. fees)
- Company stamp
- Company Address
DON'T MISS ANY UPDATE
stay tuned
Subscribe to our newsletter to hear the latest news