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start a business in Dubai Free Zone

How to start a business in Dubai Free Zone?

Dubai draws a lot of attention from prospective UK investors and business owners. Before building a business in Dubai Free Zone, there are several things to consider. The goal is to figure out which choice is best for you and your company. Overseas investors like to engage in free zones specifically. However, around this, there are many misconceptions about what a Dubai-free zone is and how to operate a business in one. What Is a Free Zone? Free zone areas, also known as free trade zones in Dubai, are designated commercial zones that are tax-free for the enterprises that operate within. There are no residential houses in these districts that entrepreneurs can use for business. Establishing a business in a free trade zone is ideal for international enterprises and company owners that do most of their work outside of the UAE but want to use the UAE for regional production and supply. Moreover, the government established particular laws and regulations to establish such free zones in Dubai.  As a result, there are several advantages for anybody to invest in setting up a business in the Dubai free zone. Furthermore, non-free zone enterprises required a local sponsor who held 51 percent of the company until recently. Foreign investors are eligible to own 100% of the enterprises in Dubai-free zones. Although there has been a change in these restrictions recently, a considerable number of international investors still opt to operate from Dubai’s free zones due to the attractive tax incentives. Business in Dubai Free Zone Many individuals wonder how they may begin a company in the Dubai free zones. Below are a few procedures to follow, followed by a full explanation of what to consider before free zone company formation in Dubai Examine the legal entity that your business will be. Choose a business brand name Make an application for a business license. Pick a commercial building in one of Dubai’s free zones to start a business. Pre-approvals, registration, and license. Types of UAE Free Zones There are two types of free zones in Dubai. Free Zone Limited Liability Company (FZ LLC) Free Zone Establishment (FZE) The number of stockholders and their legal status are the only differences between the two. Each Dubai free zone has its own set of restrictions, and business owners must make sure that their company’s position corresponds to the legal criteria of the zone they take interest in. You must first fulfill the legal conditions before the legal authorities that authorize you to operate a company in the Dubai-free zone. Business and Licensing Before you make any tangible moves toward launching a business in one of Dubai’s free zones, you must first decide what type of business you wish to run. That is when you’ll be able to take full advantage of this opportunity. Also, consider if you want to work as a freelancer or build a business and recruit employees. Freelancers do not have permission to access all Dubai free zones. Moreover, applying as a freelancer, on the other hand, is costly. Second, you’ll need to figure out what kind of license your company requires. Multiple operations have the permission to run in Dubai-free zones under a single license. However, those operations or activities are covered by the same permission as stipulated by the granting body. Name of the Business Naming your company is one of the first decisions of your business formation. It’s essential to think about its emotive plea. The name should appeal to the market group you’re aiming for. You must, however, follow some naming rules. The first step is to determine whether or not the name is eligible for registering. You may do it yourself or hire specialists by going to the Emirate government’s website. Words having religious or political connotations are strictly prohibited. The Right Free Zone The setting of your Dubai free zone is critical to your company’s success. The first step is to figure out what kind of company you want to start. The second stage is to evaluate which Dubai-free zone is best for your business based on this information. In some Dubai free zones, only specific industries have the permission to operate. Furthermore, you must select the Dubai free zone as per the goods and services you intend to market in the industry. You need due diligence even from the perspective of possible operations. It would be more difficult to flourish in a zone recognized for a different industry. The sales drive would be more difficult, and expenses would rise. On the other hand, if there are too many comparable choices to pick from, the market may be considered saturated. As a result, before opting to operate a business in Dubai-free zones, all of these criteria must be considered. Documents Required To Start a Business in Dubai Free Zone Additionally, to obtain office space in a Dubai-free zone, you must legally register your company by applying. Dubai free zones have particular requirements for each license. However, the following papers are often necessary for pre-approval: Pre-Approval Documents Required for Opening a Free Zone Business in Dubai If necessary, a color copy of the shareholder’s passport and visa. Business plan application form A copy of your current business license/registration certificate  Specimen signatures of the company’s shareholder(s) and the new company’s designated Manager/Director year audited financial records or a certificate of reference from an individual shareholder’s bank  Furthermore, deed of title to the unit. Manager/Director Letter of Intent Registry Identification Code Form (RIC) (Original and notarized) Additionally, freelancers have their own set of demands. They only need the application form, RIC, CV, and bank reference letter. Requirements for Registering a Free Zone Business in Dubai General Documents Once you receive pre-approval, you’ll need to submit the following paperwork to register your firm in a Dubai-free zone. Submit registration application Manager/Director is appointed by a Board Resolution (Notarised and attested) Manager/Director is given power of attorney (Notarised and attested) Moreover, you need to get Articles of Association and Memorandum (Notarised
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Business Ideas in Dubai

Top 17 Successful Business Ideas In Dubai, UAE – 2024

Dubai is one of the most popular and attractive destinations for entrepreneurs worldwide. Entrepreneurs from around the world are drawn to this dynamic city, and for good reason.   With its strategic location, tax incentives, advanced infrastructure, and supportive business environment, Dubai has become an attractive destination for those looking to start their own businesses.  However, the first step of starting a business requires planning and choosing the right business ideas in Dubai. Therefore, we are here to explore the top 17 business sectors that have flourished in Dubai, including tourism, real estate, technology, and more.  But first, let’s set the stage and understand why & how Dubai became a popular business destination for entrepreneurs from around the world.  Top Business Ideas in Dubai in 2024 Dubai, a city known for its luxury and innovation, offers a thriving environment for entrepreneurs. Here are 21 promising business ideas in Dubai to consider in 2024: 1. Foodstuff Trading Foodstuff supplies in Dubai are imported, exported, as well as manufactured. Business owners looking to explore this venture need to apply for a foodstuff trading license in the UAE and meet the established infrastructural and hygiene requirements. You need to ensure that the food products are properly partitioned, and the containers are frequently sanitized to kill all the harmful germs. Furthermore, the container must have a temperature-tracking device. You can get in touch with the Dubai Municipality to secure your foodstuff license approval once you have all the other setups done. Read More about How to Start a Foodstuff Trading Business in Dubai 2. IT Services Everyone can observe the growth in the Information Technology industry. Following the onset of the COVID-19 pandemic, it was one of the first businesses to adjust to the “new normal.” When you start a business in the UAE, you can look into a variety of IT-related opportunities. App development, SaaS services, biotechnology, financial technology, and many more are among them. To get the most out of your IT services firm, you may set it up in one of the specialist free zones. For IT entrepreneurs, free zones such as Dubai Silicon Oasis (DSO) provide profitable business prospects. Read More about How to start an IT company in Dubai 3. Marketing Management Several major marketing management firms are based in the United Arab Emirates, and it’s among the top 10 successful businesses to set up in this region. Its place among the top business ideas in Dubai is undeniable since firms of all sizes and sectors require a marketing management team to handle their marketing requirements.  You can provide a variety of services, such as branding, paid-ads marketing, organic lead generation, and so on. It’s your duty to demonstrate your knowledge in this sector by providing your clientele with top-notch marketing management solutions.  This will assist you in developing an attractive portfolio in order to grab new markets and establish a reputation for yourself in Dubai’s lucrative industry. 4. Project Management Entrepreneurs who want to start a project management firm in the UAE are on the right track. It’s a lucrative business sector with a plethora of options. To get your project management firm license, you must contact the concerned business licensing authorities. If your granted license does not cover certain of your business operations, you can request external approvals to have them added. Your project management business can offer professional consulting services, project timetable management, event planning, and much more. Read More about Starting a Project Management Services Company in Dubai 5. Electrical Trading Business Be it for household or commercial settings – electrical appliances like air conditioners, wires, and cables, refrigerators, etc., are an essential aspect of any infrastructure. You can start your electrical appliances trading business in the UAE by getting in touch with the Shuraa India Branch or the concerned governing authority.  You must submit all the required documents alongside your visa application and wait for the department’s approval. It’s the best business in Dubai for investors looking for a low barrier to entry and an abundance of client requirements. 6. Electronic Trading Business An electronic trading company in the Emirates can find its home in the mainland region as well as in many of the specialized free zones. You can indulge in the trading of various IT commodities like speakers, displays, computer hardware, and much more. The best part is that you aren’t liable to pay any customs duty on any of your trading activities, and you can trade freely within Dubai and all across the UAE with a mainland establishment. There aren’t any hidden formation costs, and you can easily avoid double taxation too. 7. Cosmetic Trading Trading of cosmetic products in the UAE finds its way in the list of top 10 most successful businesses to start because of the hassle-free company formation procedure and business-friendly laws.  All your cosmetic products should be labeled as per the standards established by ESMA (the Emirates Authority for Standardization and Metrology). Moreover, they should be approved for safe usage on the skin, nails, hair, etc. You can connect with Shuraa India’s business experts to know more about these regulations. 8. Garment Trading Business Thanks to the advantageous market conditions, the garment trading industry is one of the most successful companies to start in Dubai. Depending on your needs, you can start up your textile trading firm on the mainland, in any of the free zones, or offshore. The UAE government gives you the authority to produce, export, and distribute clothes both within the country and to foreign countries. You can contact Shuraa’s business specialists, and we’ll assist you in obtaining a garment trading license at a low cost by handling all legal procedures for you. Read More about How to start a garments Trading Company in Dubai 9. General Trading Firm The general trading industry in the UAE is booming, with plenty of prospects for trading enterprises, thanks to the UAE’s world-class transportation infrastructure and low-cost business formation. All you have to do is contact the
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Dubai investor visa

Dubai Investor Visa: Eligibility Criteria & Document Required

Dubai has become synonymous with innovation, luxury, and a booming business environment that attracts investors from around the world. For those looking to establish a business or invest in property in Dubai, the Dubai Investor Visa is a valuable opportunity. This visa allows individuals to live and work in Dubai while pursuing their business ventures or managing their property investments.  Whether you want to invest in an existing company, setting up your own business, or exploring real estate opportunities with a booming property market (Dubai’s real estate market is expected to grow by over 6% between 2025 and 2027), the Investor Visa paves the way for residency and a bright future.  However, understanding the process and requirements for Dubai investor visa is essential. So, let’s explore the various types of investor visas available and how you can make the most of this opportunity in Dubai.  What is the Dubai Investor Visa?  The Dubai Investor Visa, also known as the Partner Visa, is a residence permit for those who want to invest and live in Dubai. It allows you to not only reside but also work and sponsor your family members. Generally, there are two main ways to qualify for the Investor Visa:  You can invest at least AED 10 million (around USD $2.7 million) in a new company or become a partner in an existing company with an investment of at least AED 10 million.  You can purchase a property with the required minimum value. However, the property must be off-plan (under construction) and completed at the time of purchase.  If you meet either of these requirements, you can obtain a visa that allows you to reside in Dubai for long term, typically renewable every three years. There’s also a new option called the Golden Visa, which offers a 10-year residency visa.  Dubai Golden Visa  The Dubai Golden Visa is a long-term residency program. It grants residence privileges to talented individuals and professionals for up to ten years. This visa offers several benefits, including the ability to live, work, and study in the UAE without needing a local company sponsor.  For investors, there are a few options. One way is to invest a minimum of AED 2 million in an approved UAE investment fund. Another option involves investing in property with a minimum value of AED 2 million, but this property must be off-plan (under construction) and you must retain ownership for at least three years.  Besides the extended residency period, the Dubai Golden Visa offers advantages like sponsoring family members for residency, greater freedom to move jobs within the UAE, and 100% foreign ownership of your business.  Eligibility Criteria for the Dubai Investor Visa  To apply for the Dubai investor visa, you must meet specific eligibility criteria. This generally includes:  Setting up a new company in Dubai with a capital of at least AED 10 million.  Becoming a partner in an existing company with a minimum shareholding worth AED 10 million.  Purchasing a freehold property in Dubai with a minimum value of AED 2 million.  Documents Required to Obtain Dubai Investor Visa  The documents you need to obtain a Dubai Investor Visa will depend on whether you choose the route of business investment or property investment. However, here are the general requirements for obtaining an investor visa in Dubai:  A copy of your valid passport  Two recent passport-sized photographs  Medical fitness certificate  Proof of valid health insurance coverage  A copy of your company’s trade license issued by DED  Immigration establishment card (to confirm your company’s registration with the GDRFA)  Proof of share ownership  Bank statement  Property valuation certificate  Property ownership deed  How to Obtain a Dubai Investor Visa?  Obtaining an investor visa in Dubai involves several steps. Here’s a breakdown of the general process:  1. Define Your Investment Plan  Decide whether you’ll invest in starting a new business or become a partner in an existing one. Alternatively, consider the Golden Visa route if you have a minimum of 2 million for investment in real estate or an approved investment fund.  2. Fulfill Investment Requirements  For business investment, register your company with the Department of Economic Development (DED) and obtain a trade license. Contact experts at Shuraa Business Setup for all your company formation needs.  3. Apply for Entry Permit (if required)  If you’re outside the UAE, apply for an entry permit online through the GDRFA website.  4. Investor Visa Application (In-person or online)  Submit your application and documents for the Investor Visa to the General Directorate of Residency and Foreigners Affairs (GDRFA) either in person or online through their designated channels.  5. Medical Examination  Undergo a medical examination at an authorized health center in Dubai. This typically includes tests for communicable diseases like HIV and tuberculosis.  6. Visa Approval and Issuance  Once your application is approved, you will receive an entry permit to enter the UAE. Upon arrival, you will need to complete the residency visa stamping process:  Enter the UAE using the entry permit issued.  Complete a medical test in Dubai.  Apply for an Emirates ID.  Get your residency visa stamped in your passport at the GDRFA.  7. Emirates ID Collection  Collect your Emirates ID once it is ready. This is an essential document for legal residency in the UAE.  8. Renewal  Ensure you renew your investor visa before it expires. The renewal process involves similar steps, including medical tests and paying the renewal fees.  Consult with our experts at Shuraa for personalized guidance throughout the process. They can help with any specific requirements or complexities based on your situation.  Cost for Investor Visa in Dubai  The cost of a Dubai Investor Visa can vary depending on several factors, including:  Type of investor visa (Golden Visa generally has higher costs)  Investment approach  Application method (Online or in-person)  Here are the estimated costs:  Visa Fees: AED 4,000 approx., the Golden Visa fees may differ  Medical Test: Around AED 350 to AED 700  Emirates ID: AED 500 to AED 1,150  Entry Permit: AED 1,000 to AED 1,100  Change of Status
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100% foreign ownership in Dubai

100% foreign ownership in Dubai

The 100% foreign ownership law for onshore companies has attracted a lot of eyeballs from all around the world. Business owners and budding investors can now enjoy complete business ownership in the mainland region as well. Therefore, you’re now freed from the hassle of finding a reliable local sponsor (UAE national) who’ll have legal participation in your company alongside 51% shareholding as well. The latest amendment in the Companies Law has empowered expats to enjoy 100% foreign ownership in Dubai mainland, much like the legal structure in free zones. All you need to do is check whether your business activities meet the required criteria to savor 100% ownership in the UAE and apply for the same by taking help from the business consultants at Shuraa UK. How to Open an Onshore Company with 100% Foreign Ownership? Setting up your venture in the mainland region with 100% ownership in the UAE is a big plus for investors looking to find a home for their business in the country. All you need to do is follow the steps mentioned below to launch your onshore company: 1. List your Business Activities It’s imperative for business owners to list down all the activities that they wish to carry out in the UAE once they establish their onshore company. The Department of Economic Development (DED) maintains an exhaustive list of around 2,000 permissible business activities. You can choose the ones that match your business model, and the same would reflect in your approved trading license. 2. Finalise the Company’s Legal Structure 100% foreign ownership in Dubai mainland has opened a new world of opportunities for onshore company formation. You can now form an LLC (limited liability company) without a local sponsor. This implies you no longer need a UAE national who’ll have 51% shareholding of your company. All you need is assistance from a local service agent (LSA) who’ll help you with the paperwork, legal procedures, and more to ensure you don’t face any trouble opening your dream venture in Dubai mainland. The best part is that the LSA doesn’t have any legal shareholding in your company, so you can enjoy 100% foreign ownership of your enterprise. 3. Trade Name Reservation The next step to launch your onshore company with 100% foreign ownership is to reserve a legal trading name for your business. The name you choose should be indicative of your business activities and shouldn’t be copied from an established brand in the marketplace. The UAE government requires you to submit a list of 3-4 preferred trading names, and you get the approval/rejection status of each name in quick time. Ensure that the names you select are unique, catchy, and devoid of any derogatory terms or words that hurt the sentiments of any religion or community. 4. Secure an Office Space An office space that gels well with your venture’s personality is a must-have. Therefore, explore as much as you can before finalising the office space for your onshore enterprise. It’s recommended to rent office space rather than investing in real estate for several reasons. It’s beneficial as you don’t need to invest hefty sums of money upfront and also facilitates hassle-free relocation. New-age investors and entrepreneurs can also secure virtual office space for their venture in the mainland region. You can launch your company virtually without investing in physical office space by getting in touch with our business experts. You need to sign a sustainability agreement with us, and we’ll take care of the rest. 5. Apply for a Business License 100% foreign ownership in Dubai opens the gate for several lucrative onshore business opportunities without the legal involvement of a mandatory local sponsor. Therefore, you’re your own master, and the keys to the kingdom of your corporate success rest in your hands. Applying for a business license in the UAE involves a lot of paperwork and approvals. This is done to ensure that unauthorised agencies don’t set up their firms in the Emirates and fake applications are also filtered through rigorous documentation. You must have the initial approval certificate, payment receipt of trade name reservation, identity proof documents, and more to apply for a business license. 6. Procure a Visa and Open a Corporate Bank Account The last steps involve the procurement of visas for yourself and your family. You can obtain a visa by sharing your investment plan, or by investing in more office space. Moreover, business owners can also secure visas for their domestic staff. Having a corporate bank account in a reliable bank is also vital during your stay in the UAE. Always choose a bank that offers long-term business benefits alongside robust banking facilities. You can connect with the legal advisors at Shuraa UK in case you face any issues in opening a bank account for your company. Benefits of Forming an Onshore Company in the UAE? 100% company ownership in the UAE is now legalised for onshore companies as per the UAE Federal Law No. 19 of 2018 on Foreign Direct Investment (FDI). Therefore, you now have complete control over the day-to-day business activities, finances, and everything related to your dream venture. Remember that you may still need an LSA for company establishment. However, they won’t intervene in any of your business activities. Mainland or onshore company formation is also beneficial because you’re presented with the opportunity to capture a larger audience segment. Business owners can trade freely within Dubai, the UAE and international trading is also seamless for mainland companies. Companies in the mainland region enjoy some exclusive privileges. Onshore companies also get a preference for government projects and other such legal tenders. Launch your Onshore Company in the UAE Investors shouldn’t miss out on the opportunity to establish their companies in the mainland region and enjoy 100% company ownership in the UAE. The process to set up your onshore company has undergone changes due to the amendments in the Companies Law. You now need a local service agent instead of a local sponsor to
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setup business in Dubai-

How to Setup a Business in Dubai, UAE: 2024

Dubai is said to be one of the Emirates with the best tech penetration in the UAE. It’s now on the path to be a smart city by the month of December this year. If you have a desire to set up business abroad, Dubai is one of the best places for the same. Highly recognised as the trading hub across the globe, it’s easy to setup a business in Dubai. The world-class infrastructure, constant government support, and strategic business location attracts budding entrepreneurs and investors for business setup in Dubai. You can setup a business in Dubai in a matter of 7-8 working days. All you need to do is follow the process of business registration established by the government. As you read ahead, you’ll find all the important information related to business setup in Dubai. Moreover, the business experts at Shuraa UK are always there to take care of your company incorporation requirements in the UAE.  Where Can You Set Up a Business in Dubai? You can choose to set up a business in Dubai in the mainland, free zone, or offshore region based on your business requirements.  Dubai Free Zone Region The free zones are special economic areas where you can reap the benefits of zero taxation. If you want 100% ownership of your business, you can opt for a free zone business setup in Dubai. The free zone concept was launched by the government to generate foreign interest for more company setups in the UAE. Several free zones are built around specific industries while some cater to all types of business requirements.  Currently, there are more than 40 free zones in the UAE and they offer a wide range of world-class facilities. Another benefit that tempts businessmen to choose a free zone for business setup is the allowance for 100% repatriation of capital and profit earned. Dubai Mainland Region If you want to do business anywhere in the country, Dubai mainland region is a great option. It allows 100% ownership to expat entrepreneurs and no minimum capital investment is needed. The registration process to set up a business in Dubai mainland is also easy and quick. Moreover, you have the freedom to choose to set up your office anywhere in the country plus the freedom to work for both, public and private sectors. How to Open a Company in Dubai – The Formation Process To set up a business in Dubai, you need to follow the steps mentioned below to complete the registration process and get your business license: 1. Identify the Nature of Your Business Activity Every company in the UAE has to choose suitable business activities from the list provided by the DED. Based on the activities chosen, you can then move ahead to choose a location for conducting business. The business activities you choose will help you determine the type of office space you’ll need. Note that you’ll not be allowed to conduct any other activities apart from the ones chosen from the list provided by the DED unless you apply for external approvals. 2. Determine Your Company’s Legal Structure Decide the legal structure of your company based on your business requirements. You must be clear about the type of company you want to set up in the UAE. It can be an LLC (limited liability company), sole proprietorship, partnership, a branch office, etc.  3.  Register the Trade Name The next step is to decide on a trading name for your business. The trade name you choose must comply with the rules established for the same by the Dubai government. Make sure that you don’t use the name of an existing company. Furthermore, the names you choose should not have any foul words. Mentioning of any religious or hurtful words is also prohibited. If you want to name your company after a person, you must use their full name. Once decided, submit the names for approval to the DED. 4. Apply for Initial Approval There are many legal documents that you need to submit for initial approval. Make sure you gather all of them and keep them handy. These documents have to be attached to the application form for approvals and business license. A few prominent ones are the copies of passports of all the shareholders, a no objection letter, copies of visas of all the shareholders and the employees, tenancy contract, and many more. However, you don’t need to worry about any of it when you get in touch with the business consultants at Shuraa UK who do all the heavy lifting for you. 5. Choose Your Business Location Now that you have decided on your business activities, selected your trade name, and submitted the necessary documents, the next step is to find an ideal office space. Make sure that whatever space you choose is suitable as per your business activities. Once done, apply with Ejari for obtaining your tenancy contract. Without a tenancy contract, you cannot get your business license. Don’t forget to save your unique Ejari number as it’ll be used for future references.  6. Apply for a License Once you have completed all the other steps, you can apply for a trade license. You need to fill an application form and submit it along with other necessary documents to the DED. Moreover, you might need to get approvals from a few specific legal departments depending upon the business activities chosen. Once all your documents are approved, you’ll get a confirmation mail from the Department of Economic Development.  7. Pay Fees and Collect License After submitting the applications and other documents, you need to wait for the DED to inspect all your papers. If everything’s in place, you will be issued your trade license within a few days. After getting your trade license, you need to pay the required license fee to the government. The DED will share an email with the payment voucher. Ensure that you complete the payment within the next 24 hours or chances are that
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