Frequently Asked Questions (FAQ)
1. What services does your company provide?
We offer a wide range of corporate services in the UAE, including company formation, business licensing, visa processing, corporate structuring, accounting and bookkeeping, legal advisory, and more. Whether you’re setting up a new business or expanding your existing operations, we are here to support every step of the way.
2. How do I start a business in the UAE?
Starting a business in the UAE is straightforward with the right guidance. Our team will assist you in selecting the appropriate business structure, obtaining a trade license, opening a corporate bank account, and ensuring all legal requirements are met. We will also help with residency visas and the recruitment process for your employees.
3. What are the types of business licenses available in the UAE?
The UAE offers several types of business licenses, depending on the nature of your business:
- Commercial License for trading activities
- Professional License for service providers, consultants, and freelancers
- Industrial License for manufacturing and production businesses
- Tourism License for travel agencies and tour operators
- Free Zone License for businesses established in UAE Free Zones
We help you choose the right license for your business and ensure full compliance with local
regulations.
4. What is the difference between Free Zone and Mainland company formation?
- Free Zone companies offer 100% foreign ownership and are ideal for businesses focusing on international trade. They provide tax benefits and easy setup procedures, but business operations are typically limited to the Free Zone or outside the UAE.
- Mainland companies allow you to operate anywhere in the UAE and are perfect for businesses looking to deal with the local market directly. They require a local Emirati sponsor or service agent and offer a broader market reach.
Our team can guide you through both options to determine the best fit for your business goals.
5. Do I need a UAE partner or sponsor to start a business?
If you are setting up a Mainland business, you will need a local sponsor, who will hold a 51% stake in the company (for most business types). However, in Free Zones, you can have 100% ownership without the need for a local sponsor. We can help you identify the best structure and guide you through the legalities of the sponsorship agreement.
6. Can I get a UAE residency visa if I start a business?
Yes, as a business owner or investor in the UAE, you are eligible to apply for a UAE residency visa. This also extends to your employees and family members, provided the necessary criteria are met. We assist with visa applications and ensure smooth processing.
7. How long does it take to set up a business in the UAE?
The time frame to set up a business in the UAE depends on various factors, such as the business type, licensing authority, and the complexity of your application. Generally, Free Zone setups can be completed within a few days, while Mainland company formations may take a few weeks to finalize. We work efficiently to ensure quick and hassle-free setups.
8. Are there any taxes in the UAE?
The UAE has a favorable tax environment. There is no personal income tax, capital gains tax, or inheritance tax. However, the Corporate Tax for businesses has been introduced at a rate of 9% on profits exceeding AED 375,000, effective from June 2023. Additionally, VAT at 5% applies to certain goods and services. We provide comprehensive tax advice to ensure compliance with the latest regulations.
9. Do I need a physical office to register my business?
For businesses in Free Zones, a physical office may not always be required, as many offer virtual office packages. However, Mainland businesses typically require a physical office space to be registered. We can assist you in finding suitable office spaces or virtual office solutions based on your requirements.
10. What is the process for opening a corporate bank account in the UAE?
Opening a corporate bank account in the UAE is a straightforward process, but it requires the submission of documents such as your trade license, passport copies, company registration details, and more. We will guide you through the paperwork and liaise with the bank to ensure a smooth account opening process.
11. How can I ensure compliance with UAE laws and regulations?
Our team of legal and compliance experts will keep you updated with the latest regulations, help with renewals, and ensure that your business operations remain fully compliant with UAE laws. We offer ongoing support for accounting, auditing, and legal matters to mitigate risks.
12. What is the cost of setting up a business in the UAE?
The cost of setting up a business in the UAE depends on the business type, license, location, and other factors. Our consultants provide tailored quotes and transparent pricing to help you understand the total costs involved.
13. Do you offer any post-setup services?
Yes, we offer a range of post-setup services, including accounting, auditing, payroll management, compliance support, and more. We’re here to ensure that your business continues to thrive in the UAE market.
14. How can I get in touch with your team?
You can reach out to us via email, phone, or our contact form on the website. Our team is available for consultations and is happy to answer any questions you may have. We look forward to assisting you with your business needs in the UAE!