Starting a business in the UAE can be an excellent opportunity due to its strategic location, tax advantages, and business-friendly environment. There are two main options for setting up a business in the UAE: Mainland and Free Zone. Here’s an overview of the process for each, along with how Aviaan Consulting can assist:
UAE Mainland Business Setup
Features:
• Operate anywhere in the UAE.
• Requires a local service agent or sponsor for certain licenses.
• Greater flexibility in expanding your market reach.
• Can conduct business with both the public and private sectors.
Steps:
1. Choose a business activity: Identify your business activity and ensure it complies with UAE regulations.
2. Select a legal structure: Common options include LLC, Sole Establishment, or Branch Office.
3. Find a local sponsor (if needed): For certain businesses, a UAE national may need to hold 51% ownership (except for specific exceptions under recent regulations).
4. Obtain initial approvals: Get pre-approvals from the Department of Economic Development (DED).
5. Register your trade name: Choose a name and register it with the DED.
6. Secure office space: Acquire an office and secure tenancy contracts.
7. Apply for a business license: Obtain the necessary licenses (e.g., commercial, industrial, or professional).
8. Complete visa processing: Arrange for residency visas for owners and employees.
UAE Free Zone Business Setup
Features:
• 100% foreign ownership allowed.
• No corporate tax for a specific duration (renewable).
• No customs duties on import/export within the free zone.
• Limited to conducting business within the free zone or internationally.
Steps:
1. Choose a free zone: Over 40 free zones cater to various industries, such as Dubai Internet City, Jebel Ali Free Zone, or Sharjah Media City.
2. Decide on your business activity: Ensure your activity aligns with the free zone’s focus.
3. Select a legal entity: Options include Free Zone Company (FZC) or Free Zone Establishment (FZE).
4. Register trade name: Register your business name with the free zone authority.
5. Obtain approvals and license: Submit required documents (e.g., passport copies, business plan) and secure the license.
6. Lease office space: Depending on your activity, you may need a physical office or a flexi-desk.
7. Open a bank account: Open a corporate account with a UAE bank.
8. Apply for visas: Secure visas for owners and employees.
How Aviaan Consulting Can Help:
Aviaan Consulting specializes in facilitating business setups in the UAE. Here’s how they can assist:
• Expert Guidance: Offer insights into choosing between Mainland and Free Zone options.
• Document Preparation: Handle all required documentation, approvals, and legal formalities.
• Sponsor Arrangements: Connect you with trustworthy local sponsors if setting up in the Mainland.
• Business Licensing: Expedite license approvals from relevant authorities.
• Office Space Solutions: Assist in leasing office space suited to your needs.
• PRO Services: Handle visa processing, government approvals, and related formalities.
• Banking Assistance: Help set up corporate bank accounts.
• Tailored Solutions: Provide customized advice based on your business model and goals.
By partnering with Aviaan Consulting, you can simplify the process, save time, and focus on growing your business in the UAE.