FAQ

Setting up a company in Dubai can be a complex process, but with the right information, it can be made easier. Here are some frequently asked questions about setting up a company in Dubai.

First, you need to determine the type of company you want to establish, whether it's a mainland company or a free zone company. Then, you need to understand the legal requirements and procedures for company registration.

It's important to know the minimum capital requirement for your chosen company type and the necessary documents needed for the registration process.

Additionally, it's crucial to understand the visa and sponsorship requirements for employees and shareholders. Lastly, it's helpful to know about the various incentives and benefits that Dubai offers to businesses.

By familiarizing yourself with these FAQs, you can navigate the process of setting up a company in Dubai more smoothly.

How long does it take to set up a company in the UAE?

Setting up a company in the United Arab Emirates (UAE) can vary in terms of time, depending on several factors. On average, it takes around 7 to 10 days to complete the necessary procedures and paperwork to establish a company. However, this timeframe can be influenced by the type of business, the complexity of the legal requirements, and any additional approvals that may be needed.

Who can set up a company in the UAE?

Any individual or entity, regardless of nationality, can set up a company in the United Arab Emirates (UAE). The UAE government has made it relatively easy and straightforward for both locals and foreigners to establish their businesses in the country.

What type of juridical company forms are there in the UAE?

There are different types of company setups available, such as mainland companies, freezone companies, and offshore companies, each with its own advantages and limitations. The requirements and procedures may vary depending on the type of company and the emirate in which it is being established.

What are the advantages of a freezone company?

A freezone company offers numerous advantages for businesses. Firstly, it provides 100% foreign ownership, allowing companies to have full control over their operations. Additionally, freezone companies often benefit from tax exemptions and incentives, minimizing the financial burden on businesses. The streamlined registration process in freezones enables quick and efficient establishment, allowing companies to start operations promptly.

Do I have to be in Dubai for the company setup procedure?

No, it is not necessary for you to be in Dubai for the company setup procedure. The process can be facilitated through an authorized agent or a registered company formation service provider like Corporate Dubai. We will handle all the required documentation and legal procedures on your behalf, ensuring a smooth and efficient setup process. However, for issuance of your Emirates ID, you will have to visit the UAE for the Medical Test and Biometrics.

What is the Emirates ID?

The Emirates ID is a vital identification document issued by the United Arab Emirates government. It serves as a proof of identity and residency for all citizens and residents of the UAE. This smart card plays a crucial role in accessing government services such as enrolling in healthcare and opening corporate or private bank accounts. The Emirates ID is an essential document that ensures the security and efficiency of various processes in the UAE.

What are the requirements to open a corporate bank account in the UAE?

To open a corporate bank account in the UAE, there are certain requirements that need to be fulfilled. Firstly, you have to be a UAE resident, which means you have dispose of the Emirates ID. Secondly, the company must be registered and have a valid trade license issued by the relevant authority. Additionally, the company needs to provide the necessary documentation, including copies of the shareholders' passports, proof of address, and the memorandum and articles of association.

How to obtain the Emirates ID?

The requirements for obtaining an Emirates ID in the UAE vary depending on the individual's nationality and residency status. Generally, applicants need to provide a valid passport, a residence visa, and a completed application form. The residence visa is sponsored by the establishment card of the company that we set up for you in Dubai.

Do you have more questions?

Don't hesitate to contact us!