Start a business in the UAE
STUDIO FALANGA is a leading business incorporation specialist in the United Arab Emirates, is a Professional Partener at the International Free Zone Authority (IFZA), the fastest-growing and most successful independent Free Zone in the Region.
Luigi Falanga has spent the last 36 years working in company formation and their development. Having incorporated a lot companies of various sizes, is passionate about helping entrepreneurs bring their business vision to life.
With an extensive understanding of the unique ways of doing business in the Middle East markets, STUDIO FALANGA is now bringing her expertise and connections in the UAE and working with investors who are keen to enter one of the most dynamic business destinations in the world.
Setting up a company in the UAE involves several steps and considerations. Here is an overview:
Determine the type of business activity you wish to undertake in Dubai. The UAE offers various business sectors, including trading, professional services, manufacturing and more. Each activity may have specific requirements and regulations
Choose the legal structure for your company.
The common options in Dubai are:
– Mainland Company: Allows you to operate anywhere in the UAE market. You may need a local sponsor or service agent depending on the activity chosen
– Free Zone Company: Offers 100% foreign ownership. Free zones provide several incentives and benefits for startups
– Offshore Company: Suitable for international businesses looking to establish a presence in Dubai but without conducting local business operations. It offers tax advantages and allows for 100% foreign ownership
Choose a unique name for your company, adhering to the guidelines set by the Department of Economic Development (DED) or the relevant free zone authority
Create a comprehensive business plan that outlines your company’s objectives, market analysis, financial projections, and marketing strategy. This is required but some jurisdictions but not all.
Apply for a trade license relevant to your business activity. Different license types are available, such as commercial, professional, or industrial licenses. The licensing authority will depend on the jurisdiction you choose.
Depending on the business setup, you may need to lease office space. Free zones often provide flexible office solutions, while mainland companies may require physical premises.
Submit the necessary documents and obtain approvals from government entities such as the DED, Dubai Chamber of Commerce and Industry, Ministry of Economy, Dubai Municipality, and other relevant authorities based on your business activity.
Understand the visa and labour regulations applicable to your business structure. You will need to apply for visas for your employees and potentially meet specific staffing requirements.
Be prepared with the necessary capital for initial investment, licensing fees, office setup, visa processing, and operational costs. You will also need to open a corporate bank account in Dubai.
If your business involves intellectual property, consider protecting your trademarks, copyrights, or patents through the appropriate channels.
It’s important to note that regulations and procedures may vary depending on the jurisdiction and specific requirements of your business. Consulting with a business setup consultant experienced in company formation can provide tailored guidance based on your needs.