How to Register Business in Dubai as a Foreigner?
The UAE government provides several incentives to foreign entrepreneurs who want to set up a business in Dubai. Due to increasing investments, the business landscape in Dubai is booming. In Dubai, there exists a tax-free business environment with great infrastructure. For foreign investors, there exist minor drawbacks, but still, setting up a business is not a big issue.
Dubai provides a world-class destination for business due to the ideal tax environment, excellent trading options, and the availability of resources in finance and manpower. This strategic placement can connect a business venture to more than 1 billion potential customers in the Middle East, Asia, Eastern Europe, and Africa.
Starting a business overseas requires a lot of research and preparation. If you are thinking about registering a company in Dubai or how much it costs, we have got your back. We will offer detailed guidance on how to register a business in Dubai as a non-resident.
Key Considerations Before Registering a Business in Dubai as a Foreigner
Before you begin the registration process, consider the following key facts:
1. Decide on the type of company and its structure first. Doing so will have several operational and strategic implications for your business. The type of company would impact several aspects of your business setup.
2. Choose a Business Name In Dubai, you can register your business under two main domains: Mainland or Free Zone.
- Mainland
Mainland companies operate with registration through the UAE Department of Economic Development. They need DED approval to work. In this regard, registering a company on the Mainland is as easy as one can proceed to operate with local and international market. It is a fast process, and most companies are licensed within a day. - Free Zone
Free Zones provide a liberal and most favorable place for the new companies, which have many benefits for the foreign investors. A Free Zone still has some limitations, however it had many benefits like permit for a 100% foreign ownership, almost tax-free environment, etc.
3. Get Business License Setting up a business in Dubai requires obtaining an appropriate business license. DED offers different types of licenses depending upon the nature of your business:
- Industrial License
- Commercial License
- Professional License
- Craftsmanship License
- Agriculture License
- Tourism License
Required Documents for Business Registration in Dubai as a Foreigner
Proper documentation is important for a seamless registration process. Requirements vary depending on whether you’re setting up in a Free Zone or Mainland. Typically, you’ll need:
- Passport copies of shareholders and managers
- Specimen signatures of shareholders and managers
- No Objection Certificate (NOC) from current sponsor (if applicable)
Conclusion
Setting up a business in Dubai is pretty tricky, especially to foreign entrepreneurs. Proper planning and preparation can make all the difference when it comes to setting up a company in Dubai. At GFLO Consultancy, we guide you all the way to hassle-free business registration in Dubai.