Did You Know?
Among the seven Emirates, Dubai enjoys a unique position in being the most popular global business hub. Set up, scale & expand your business in the Middle East and especially in the UAE! Own your physical space in UAE for conducting business anywhere with no restrictions.
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Step1 Choose your Business Type & Location Now is the time to approach a licensed consultant to oversee the legalities involved in your business formation in UAE.
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Step2 Find a Local Business Partner Foreign nationals can benefit from their chosen local partner to access the UAE market more effectively.
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Step3 Register & Apply with DED Department of Economic Development (DED) is the approving authority for issuing trading licenses to international businesses in the UAE.
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Step4 Apply for Residency VISA Once your business formation is set-up successfully, contact your immigration consultant to get started with formalities for your immigration visa. Check your eligibility and qualify for long-term residence VISA categories for business individuals.
If you are looking to set up a company or open an operations branch in Dubai or elsewhere in UAE, we would recommend you to request a call back from our senior business advisors.
You may even have us represent your business in the UAE.
Establishing A Mainland LLC Company In UAE
A Limited Liability Company (LLC) setup is ideal for businesses looking to trade in the mainland of UAE and the rest of the world with no restrictions.
The FDI law, which was adopted in September 2018 through Federal Legislative Decree No 19 of 2018 and an ensuing resolution by the UAE Council of Ministers No 16 of 2020 in March 2020, amends Commercial Companies Law (CCL) No 2 of 2015.
The UAE Cabinet Resolution in March 2020 determined the ‘Positive List’ of sectors and economic activities in which the FDI law is permissible, resulting in the formation of an LLC for foreigners with the following features -
Features:
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Several categories of business licenses will no more require Emiratis as local sponsors
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Foreigners are allowed to retain 100% ownership in their LLC formation outside Freezone in UAE
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LLCs can sell directly to the local market.
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We have seen most companies with expatriate partners go for LLC formation
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The minimum required capital is AED 300,000 that can be in the form of cash or kind.
Advantages:
Setting up Dubai Mainland Companies and LLC's offer strategic benefits including:
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0% corporation tax and no VAT imposed on most products imported or exported
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Dubai is the heart of arbitration in the Middle East
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No restrictions on hiring expatriates
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No restrictions on the right to acquire properties in the UAE
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Easy opening of international corporate bank accounts
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Less government and more governance
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UAE ranks 11th in the World Bank’s Ease of Doing Business Index
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Any foreign entrepreneur/investor may qualify for a long-term resident visa in UAE
Simplify Immigration To UAE With CanApprove
CanApprove has been providing unrivaled legal services for business formations abroad and immigration for more than two decades.
Our corporate consultants undertake the review of your proposed structure, proceed with the incorporation of the entities whilst complying with the applicable legislation and best corporate practice.
Meanwhile, our immigration experts will help you qualify for residence visa options in UAE. Business owners may even sponsor their family members to migrate in UAE once their residence visa is approved.
Further, we provide international businesses with dedicated assistance in Freezone company formation & Offshore company formation in the UAE.
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Business Formation in Dubai
