Dubai has become a thriving business hub, offering a stable economy, a strategic location, and a supportive government. If you’re considering setting up a company here, the first step is to obtain a business license.
Why Choose Dubai?
- Favorable Tax Environment: Enjoy 0% corporate tax for annual revenue below AED 375,000 and no personal income tax.
- Strategic Location: Benefit from Dubai’s position as a gateway to the Middle East, Africa, and Europe.
- Supportive Government: The government offers various incentives and initiatives to promote entrepreneurship.
- Skilled Workforce: Access a pool of talented professionals from around the world.
- World-Class Infrastructure: Enjoy modern infrastructure, including reliable internet and efficient transportation.
Types of Business Licenses
- Commercial License: For trading activities like buying, selling, and importing/exporting goods.
- Professional License: For professionals offering services such as consulting, IT, legal, or accounting.
- Industrial License: For manufacturing and production activities.
- Tourism License:For businesses involved in the tourism industry, like travel agencies and tour operators.
Choosing a Location: Mainland vs. Freezone
- Business Setup in Dubai Mainland: Operate throughout the UAE, but may require a local sponsor for certain activities.
- Business Setup in Dubai Freezone: Enjoy 100% foreign ownership, tax exemptions, and simplified procedures, but operations are restricted to the specific freezone.
Steps to Obtain a Business License
- Determine Your Business Structure: Choose between a limited liability company (LLC), sole proprietorship, partnership, or a foreign branch.
- Select a Business Name: Ensure it’s unique and complies with local regulations.
- Define Your Business Activities: Choose the specific activities your company will engage in.
- Choose a Location: Decide whether you’ll set up on the mainland or a freezone.
- Gather Required Documents: Prepare necessary documents like passports, visas, and a business plan.
- Submit Your Application: Fill out the application form and submit it to the Department of Economy and Tourism (DET).
- Pay Fees and Obtain License: Once approved, pay the licensing fees and receive your license.
Need Espert Assistance?
Corporate Business Services (CBS), a reputable Emirati-owned business consulting firm in Dubai, can guide you through the process. CBS offers comprehensive business setup services, including:
- Expert Advice: Our consultants will help you choose the right license and location.
- Legal Support: We’ll handle all the necessary paperwork and legal formalities.
- Visa and Residency Services: We can assist with obtaining visas for you and your team.
- Bank Account Opening: We’ll help you open a corporate bank account.
Contact CBS today for a free consultation and start your business journey in Dubai.
Website: https://cbs-uae.ae/
