According to UAE law, you must have a local sponsor if you want to start your business on the mainland. You will own 49 percent of the company, while a local sponsor will own 51 percent. There will only be an annual fee for the local sponsor; however, they will not contribute any profit to the business.
Having a local sponsor, on the other hand, makes the process of starting a business easier.
When starting a business in Dubai, there is no doubt that a lot of information needs to be reviewed and complied with to get things in order in the location you want.A business consultant can make it easier for you to choose the location that is best suited to your particular business needs.
That’s where IS PRO comes in handy, we take care of all the formalities step by step and steer you in the right direction, saving you time and money.
You can set up shop on the mainland or in a free zone to start a business in Dubai.If you want to open a Business Setup in Consultancy on the mainland, you will need to work with a resident of the United Arab Emirates. They will own 51% of the company’s shares, while you will only own 49%.
If a foreign entrepreneur wants to start a business in the UAE mainland, they must have a local sponsor. The sponsor ought to be a citizen of the UAE.
Choose a trusted business solution partner when setting up a business in a free zone. However, this is not the case when setting up a company on the mainland.
Make an MOA with a professional service agent and submit it with a license application to DED. Get the name approved by DED.Check the suitability, accessibility, cost of business setup, and location.Due to the requirement that 51% of the shares be given to a local sponsor, free zones have grown in popularity among business owners and are now one of Dubai’s most common ways to start a business.
A free zone is a region with low trade barriers and tax-free status. Most of the time, free zones are in strategic places like national borders, major seaports, international airports, and so on, to make the most of trade.
Due to the minimal amount of paperwork and time required, starting a business in the Dubai free zone is relatively straightforward.To start a business in a UAE-free zone, the following steps must be taken:
Get approvals and register your business
If you don’t want to work with a local sponsor, it’s best to start your business in the free-zone area, where you will own it 100%.In addition, there are no taxes to pay in a free zone, making the company formation process much simpler and quicker.
Each type of license you need depends on the kind of business you run.There are many different kinds. Permission to establish and operate a business in Dubai is granted by a license.
To begin working in the UAE, all foreign workers must obtain visas.The number of visas that can be granted to each kind of business is determined by the square footage occupied by each employee and the size of the office.When you know the right steps to take, getting a visa is easy, and we can help you.
IS PRO Services will help you with every legal step involved in starting a Low-Cost Business in Dubai.
From submitting the required documents to the government, creating your legal documents, and obtaining approvals, we handle the entire process.
We want you to concentrate on growing your business while we handle the legalities.
