When setting up a business in a foreign country, investors and entrepreneurs often analyze political stability, business environment, tax regime, availability of skilled workforce, and connectivity before investing and starting their business. The United Arab Emirates (UAE) is a top choice for investors and business owners thanks to its favorable business climate, tax-free regime, stable and healthy international ties, simplicity of doing business, the convenience of obtaining visas for foreign workers, full ownership and the ability to repatriate all profits. But setting up a company in the UAE for someone new to this country will require local expertise and knowledge of economic and business regimes to launch their businesses successfully. Since 2014, Beacon Al Manal LLC has helped several companies to establish and enjoy the benefits of the favorable environment of the UAE. This business consultancy service takes care of everything required for a business set up in UAE, from the initial stages to post-setup assistance.
Several factors have made the United Arab Emirates an attractive location for industrialists, investors, and entrepreneurs for decades. Companies set up their businesses in the United Arab Emirates (UAE) for a variety of reasons, including:
In addition, UAE has a stable political and social environment, making it a safe place for investment and living.
Navigating the government procedures and regulations for setting up a business in Dubai or other locations in UAE can be challenging for someone new to the country. But on the other hand, business consultancies like Beacon Al Manal LLC can help corporates and entrepreneurs from business start in Dubai to become full-fledged companies in the UAE. The process of setting up a business in the United Arab Emirates (UAE) typically involves the following steps:
Business Structure: The most common business structures in the UAE are sole proprietorship, partnership, limited liability company (LLC), and a branch office.
Business Jurisdiction and Activity: Mainland, Free Zone, Offshore, and other jurisdictions are available for selection. Consulting firms like Beacon Al Manal LLC assist their clients in determining the most appropriate jurisdiction for their commercial activities, given that each jurisdiction has its unique set of laws and regulations governing such activities.
License & Permit: Depending on the type of business, one will need to obtain various licenses and permits from the relevant government authorities. Once obtaining all the necessary licenses and permits, one must register the business with the DED (Department of Economic Development) or the relevant free zone authority. Procedures for acquiring essential paperwork and approval vary widely from industry to industry.
Corporate Bank Account: Handling business transactions require a corporate bank account. It could be challenging and take up to four weeks for new entities to open a bank account. But local services like Beacon Al Manal can take care of the compliance and formalities and smoothen the entire process for companies.
Visa: Those planning to live and work in the UAE must obtain a visa. It can be a residence visa for the owner or a work visa for the employees.
Other Considerations:
Note that the process can vary depending on the business type, activity, and location of the business setup in Dubai or other places in the UAE. In addition, different free zones may also have regulations and procedures for business setup.
Given its favorable tax climate, advantageous time zone, first-rate infrastructure, and trustworthy regulatory system, it's no surprise that Dubai has become a popular place to launch new enterprises. As a result, it has become one of the world's most dynamic financial centers and sophisticated marketplaces. Beacon Al Manal LLC facilitates the incorporation of businesses in Dubai's Mainland, Free Zone, and Offshore zones.
Costs will vary based on factors such as the nature of the firm, the number of owners, gender, and the company's industry. For instance, Mainland, Free Zone, and Off Shore company set up in Dubai attracts different pricing besides notary, trading license registration fees, and other expenditures in acquiring office space and work visas.
Business entities looking to expand or launch new services in the UAE can benefit from hiring a professional consultancy with experience in business setups in UAE. When hiring professional consultancies, look for their credentials, comprehensive services, assistance, customer reviews, and previous clients to make an informed decision. For example, Beacon Al Manal LLC has maintained a reputation among its business clients for its hassle-free, comprehensive, and professional assistance in business registration, visas, bank accounts, and the best locations that meet business requirements.
Beacon Al Manal LLC began assisting individuals and organizations in setting up tax-free businesses in the United Arab Emirates in 2014. Since then, they have helped over 400 individuals and corporations with the company set up in Dubai and UAE. It provides a complete package of business setup Dubai services, from business registration and visas to opening a business bank account and office locations.
