1. How long does it take to incorporate a company in Dubai?
Setting up a business in Dubai is explained in 4 easy steps. Each step timing will differ based on the jurisdiction and the activity.
Step 1: Will be to consult with an expert to guide you through the process. You can trust the team of professional consultants at BSC to make things easier and simpler for you. Our expert team will guide you to acquire information about the best free zone, onshore or offshore option for your business activity and the documents required to register your company.
Step 2: Will be the company registration after acquiring all the required documents. The registration process will vary from one jurisdiction to another. After submitting all the documentation to the authorities the customer service will verify that everything is in order and ready to move to the compliance department. Once the customer service passes the file to the compliance department that means we obtained an initial approval.
Step 3: The compliance department will scrutinize all the documents and reach out if there is something not clear or needs more verification. Once the compliance department approves the file the license will be issued.
Step 4: After issuing the license we will apply for the establishment card to apply for the investor visa and shareholders.
The whole process of incorporation usually can take between 10-45 working days. However, some business activities require extra approvals from the authorities, which extend the setup timeline.
1.1 How much time does it take to start a business? st business?
It takes 2- 6 weeks maximum to start a Business in Dubai. This includes the license, residency, and bank account opening.
1.2 How long does it take to create a company in Dubai?
It takes 10-45 working days to create a Company in Dubai. From start to end it varies from one activity to another and from jurisdiction to another.
2. How much does it cost to start a business in Dubai?
Costs depend on the business License activity, jurisdiction but usually, the minimum cost starts in Dubai. A business license that allows the owner to have an investor visa will start from AED 13,000. For a License, without a visa like an e-trader, the cost starts from 1,100 Dhs.
2.1 How much does a trade license cost in Dubai?
Costs depend on the business License activity, jurisdiction but usually, the minimum cost starts in Dubai. A business license that allows the owner to have an investor visa will start from AED 13,000. For a License, without a visa like an e-trader, the cost starts from 1,100 Dhs.
2.2 How much does a business license cost in Dubai and what is the procedure to acquire the same?
License costs can start from approximately AED13,000 in Dubai depending on the Business Activity and complexity.
To start a License the requirements are usually the basic documents that any owner should have like their Passport, photo …etc
3. What is the difference between Dubai and a free zone visa?
Dubai Mainland Visa is regulated under the Department of Economy and the Ministry of Labor, while Dubai freezone visa is regulated under that authority only and they are directly linked to immigration.
3.1 What is the difference between a mainland company and a Free Zone company?
Mainland Company gives investors full access to the main market of Dubai and facilitates the business directly, however, freezone is limited and functions perfectly for international trade.
4. What are the advantages of setting up a business in Dubai?
Dubai provides not only safety of living but also safety and stability for businesses and investors.
5. Can an Indian start a business in Dubai?
Yes, Indians can start a Business in Dubai.
5.1 Can a foreigner own a business in Dubai?
Yes, Freezone Companies are owned 100% by foreign investors and need no local sponsorship. In addition, under the last update on the mainland laws & regulations, the foreign investors have a chance to own 100% in the mainland too.
This information has been provided by Business Setup Consultants.
