- Office 2003 Level 20 Boulevard Plaza Tower 1, Dubai.
- seven7smartb@gmail.com
- +971 54 365 8885
Starting a business in the UAE can be complex, but with Seven Smart Business Setup Consultants in Dubai, UAE as your partner, every detail—from registration to visas and bank accounts—is expertly managed.
Embarking on a business venture in the UAE can be daunting, but with Seven Smart by your side, you can rest assured that every aspect of your business setup is expertly managed. From company registration and trade licenses to residence visas and bank account setups, we handle every detail with precision and efficiency. Our well-established network and strategic partnerships ensure a smooth and expedited process, allowing you to focus on realizing your entrepreneurial ambitions without unnecessary delays.
Establishing an offshore company in the UAE is a seamless, cost-effective process with the added benefit of being tax-free. Begin your business journey in the UAE and take advantage of the country’s investor-friendly environment.
With access to more than 3,000 business activities, you can benefit from unrestricted trade opportunities both within the UAE and internationally when you establish a mainland company in Dubai, UAE.
The United Arab Emirates serves as an ideal location for offshore company formation. Entrepreneurs and investors globally take advantage of tax exemptions, streamlined business setup procedures.
Our Strong connections with government agencies ensure a smooth experience. As your trusted partner, we provide comprehensive solutions for establishing and expanding your business in the UAE.
Our experts answer your questions about starting a business in Dubai, UAE.
Establishing a business in Dubai involves several key steps:
1. Business Planning: Clearly define your business concept, target market, and objectives. Develop a comprehensive business plan outlining your strategies and financial projections.
2. Legal Structure: Select the most suitable business structure, such as a Free Zone, Mainland, or Offshore company. Each structure has its own advantages and requirements.
3. Business Name Registration: Choose a trade name that complies with the Department of Economic Development (DED) regulations.
4. Licensing: Obtain the necessary business license based on your activities. Options include commercial, professional, or industrial licenses.
5. Documentation: Provide essential documents like passports, visas, and a No Objection Certificate (for expats) to the relevant authorities.
6. Office Space: Secure a physical office address, which is typically required for business registration.
7. Bank Account: Open a corporate bank account with a reputable bank that aligns with your business needs.
8. Visa Processing: If hiring employees, process their visas according to the required number based on your office size and license type.
9. Operational Setup: Once the administrative tasks are complete, focus on setting up your operations and launching your business.
Note: The specific requirements may vary depending on your chosen business structure and activities. It is advisable to conduct thorough research or consult with professionals to ensure compliance with all regulations.
When establishing a business in Dubai, it's essential to familiarize yourself with the local service agent (LSA) agreement and local sponsor system.
The LSA agreement is applicable to specific license types, such as professional licenses or branches of foreign companies. A UAE national, known as the LSA, acts as a representative for administrative interactions with government entities. The LSA receives a fixed fee but has no ownership stake in the company and does not share in its profits.
The local sponsor system is primarily relevant to limited liability companies (LLCs). In this system, a UAE national must hold a 51% ownership stake in the company. This requirement is a fundamental aspect of setting up an LLC in Dubai.
Dubai offers a favorable environment for foreign investors, allowing for complete ownership in various business setups. While foreign ownership was previously restricted to certain free zones, recent reforms have expanded these opportunities.
Free Zones: Many free zones in Dubai permit 100% foreign ownership.
Commercial Companies Law: Recent changes to this law have enabled foreign investors to have full ownership in a wider range of sectors, even outside free zones.
Restrictions: It's important to note that certain strategic sectors, such as banking and telecommunications, may still have restrictions on foreign ownership.
Overall, Dubai's business environment is conducive to foreign investment, providing opportunities for complete ownership in various sectors.
The need for a physical office space in Dubai depends on the specific business structure you choose.
Mainland Companies: These businesses are required to have a physical office address within Dubai.
Free Zone Companies: Many free zones offer flexible office options, such as flexi-desks, which provide a cost-effective alternative to traditional office spaces.
Virtual Offices: For entrepreneurs seeking a more flexible and cost-efficient solution, virtual offices are available in Dubai. These virtual offices allow businesses to operate without the need for physical premises.
+971 54 365 8885
+971 54 365 8885
