Your decision to start a business in Dubai could be the best step forward, thanks to the countless benefits the region offers. Dubai has become one of the most popular business location among the UK’s investors as they enjoy complete business ownership, 100% repatriation of profits, and much more.
Entrepreneurs in the UK looking to make an entry into the booming economy of Dubai should connect with Shuraa. We provide our expert guidance to facilitate hassle-free business incorporation in Dubai at nominal costs.
Why Should You Consider Starting a Business in Dubai?
The entrepreneurs and new-age investors in the UK willing to set up a company in Dubai should know “why” they’re starting a company in the UAE. Therefore, we list down the various reasons why you should start a business in Dubai:
- 100% Foreign Business Ownership
- Affordable Business Setup
- Multifaceted Business Opportunities
- Tax-Friendly Laws
- Easy-to-Manage Visas
- Freedom to Choose the Location of your Preference
- World-Class Business Facilities
1. 100% Foreign Business Ownership
When you register an enterprise in Dubai, you’ll have complete ownership of your business. This benefit has been available to free zones and firms that require a professional license for several years. However, the same policy is now in effect on the mainland as well.
To find out if your company is eligible for 100 percent ownership on the mainland, you can contact the Department of Economic Development. However, things are easier when you work with Shuraa because everything’s managed by our experienced professionals.
2. Affordable Business Setup
When compared to other regions, the cost of starting a business in Dubai is comparatively affordable. Investing in this location is more likely for the UK’s investors looking to find a home for their dream venture.
In addition, customized cost strategies are available in the UAE. Furthermore, different sizes of warehouses are available depending on the needs and operations of the organization. Regardless of the nature or scale of your company, these customized frameworks provide significant benefits to business investors.
3. Multifaceted Business Opportunities
A valid trade license is required for every legal business entity in the UAE. In addition, this license confirms your legal right to engage in all of the business operations outlined in the agreement. Moreover, the Department of Economic Development (DED) keeps a comprehensive list of over 2,000 legal business operations.
As a result, you don’t need to limit your business approach. If you want to do anything that isn’t covered, you can request external approval from the relevant authorities. For instance, you can obtain approval from Dubai’s transportation authority to perform exclusive trading activities.
4. Tax-Friendly Laws
Dubai is a tax haven. Moreover, the UAE’s tax laws are quite permissive, and the government is constantly looking for methods to make incorporating a business in the UAE a highly successful endeavor for expatriates. For your company activities, you don’t have to pay any corporate taxes or surcharges.
Furthermore, the VAT rate is only 5% (among the world’s lowest), and business owners can repatriate 100% of their income and capital advances.
5. Easy-to-Manage Visas
Registering your business in Dubai grants you a residential visa. This allows you to legally stay in the UAE for a set period of time. Furthermore, the best thing is that the visa application process is simple. Therefore, you can quickly obtain visas for your family, relatives, and domestic employees.
The visa guidelines clearly specify that for every 100 square feet of business space you procure for your company, you’ll receive an additional visa permit. As a result, you can focus on your company’s growth and expansion instead of worrying about your stay in Dubai. The credit for the same goes to the supportive UAE government.
6. Freedom to Choose the Location of your Preference
Business investors in the UK can choose any location to start a new business in Dubai. If your business requires access to Dubai’s local marketplace, you should register a mainland corporation. In addition, you can compare different office spaces and choose the one that is suitable for your company.
An experienced business consultant in Dubai can assist you in determining the best location for your UAE business. Choosing the correct location is crucial to avoid overhead charges due to a mismatch in the legal framework.
7. World-Class Business Facilities
Dubai is the nucleus of several commercial business activities. In addition, it provides a safe working environment and supportive business laws to empower SMBs and budding startups. Furthermore, many of the region’s free zones are now counted among the best globally.
All these business aspects add more value to the UAE as a premier business hub. Moreover, the process to start a new business in Dubai is hassle-free and straightforward. The business experts at Shuraa UK are always there to help you with anything related to company importation in Dubai.
How Much Does it Cost to Start a New Business in Dubai?
You can expect anything between £3000 to £5000 as a general estimate for launching a business in Dubai. However, note that these costs vary based on your business activities and external approvals.
The costs involve one-time government payments and the fee for obtaining trade name and initial approval. Once you have these approvals, you need to get in touch with the concerned economic department for a business license. Furthermore, you’ll have to bear the cost of renewing your trading license annually to sustain its validity.
Start a Business in Dubai Today!
There are so many reasons for you to start a business in Dubai. You can enjoy complete ownership of your business, protect yourself from double taxation, and make most of the lucrative business opportunities up for grabs in this region.
Moreover, the hassle-free visa management process ensures your safe stay in the Emirates. Therefore, the UK’s business aspirants don’t need to think twice before getting started with the company incorporation activities.
We, at Shuraa Business Setup, help you launch your dream venture in the UAE by providing end-to-end business assistance. Furthermore, you can connect with our experienced consultants for anything related to company formation in the Emirates.