Questions & answers
Frequently asked questions
What are the key steps involved in setting up a business in the UAE?
The process of setting up a business in the UAE involves several steps. Firstly, choose the appropriate business structure, then reserve a trade name, submit the required documents to the relevant authorities, obtain necessary licenses, and finally, open a corporate bank account. Our experts can guide you through each step to ensure a smooth business setup process.
What types of business licenses are available in the UAE?
The UAE offers various business licenses based on the nature of your business. Common types include Commercial, Industrial, Professional, and Tourism licenses. Each license has specific requirements, and our team can assist you in determining the most suitable license for your business activities.
What are the benefits of doing business in the UAE?
The UAE provides a business-friendly environment with numerous advantages. These include tax exemptions, strategic location for global trade, state-of-the-art infrastructure, political stability, and a diverse and skilled workforce. Additionally, the country offers free zones with unique incentives for specific industries.
Can foreign nationals fully own a business in the UAE?
Yes, the UAE allows full foreign ownership in specific business sectors, especially in the free zones. However, in certain mainland areas, a local sponsor may be required. We can guide you on the legal structures that allow you to retain full control of your business in compliance with local regulations.
What are the ongoing compliance requirements for businesses in the UAE?
Businesses in the UAE must comply with various regulations to maintain legal status. This includes renewing licenses, filing annual financial reports, and adhering to specific industry regulations. Our team provides ongoing support to ensure that your business stays compliant with the latest requirements.