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How to setup new company or business in Dubai UAE

The UAE and especially Dubai is one of the fastest growing economies in the region. It is fast and economical to operate a business in the UAE. Rules are clear, government fees are competitive, processing of documents is quick and all business income is tax free. We advise individuals and corporates on incorporation, formation and setup all types of companies such as Establishment, LLC, Free zone companies, Virtual office, Single person office, Representative / Sales office etc. for all types of business activities in Dubai or elsewhere in UAE. Our business consultants / PRO agents will ensure you’re your application sails through the Govt. Licensing departments quickly and economically. Please click for a detailed look at our Directors and Managers profiles. Time to setup approx 1 week. Comparison and rates given below. Please direct qualified inquiries to Mr. Puru +971-55-5491694 or decapuru@gmail.com online, to enjoy the benefit of registering and operating your own tax free Dubai UAE company

How to find UAE Local Sponsor. Profile of our sponsor

Key attributes: The type of sponsor you choose can make a big difference. It is difficult to find a sponsor with a verifiable track record. Those with good track records often charge hefty fees. Getting a sponsor who is well educated, well connected, reliable and still charges reasonable fees is very important.

 

Sponsor Profile: Mr. Fareed Abdulrahman Alawadhi, UAE national, born Aug 13, 1960 is an aviation expert and a native of Dubai. He comes from a relatively large family with connections to major business houses, top lawyers and civilian and military officials. He himself has been educated in the UK & Singapore among other international centers. He has had a long and fulfilling career in aviation having worked as a commercial pilot, air traffic controller, a trainer to other civilian and military air traffic controllers and most recently in-charge of operations for a large iconic government facility. Besides Arabic, he speaks excellent English, Farsi, Hindi, Tagalog. He is entrepreneurial, reliable, punctual and possesses a keen understanding of the peculiar requirements of small/medium businesses. He is always on time for appointments and does not like delays or cancellations. Same applies to all business dealings, he does not like to see any of his companies being fined for late submissions, late renewals etc. His home is located behind Mazaya mall on Sheikh Zayed Road. He is regularly available to his partners / investors and Mr. Puru to facilitate timely documentation for his various companies. He sponsors at least 4 companies as of end 2014, the oldest company was started in 2003.

Comparison of set-up options

UAE Free Zone UAE Free Zone UAE local company UAE local company UAE local company
FZE FZC Est. Est. - Ready to Go** LLC
Legal title of company Free Zone Enterprise Free Zone Company Establishment (proprietership) Establishment (proprietership) Limited Liability Company
Ownership structure 100% ownership but can be held by 1 individual or 1 parent company 100% Ownership but can be held by several individual(s) or parent company(s) 100% Ownership only by local sponsor 100% Ownership only by local sponsor Upto max 49% Ownership possible by non-UAE/non-GCC individual or company. Balance min 51% will be owned by local sponsor
Tax No company or income tax No company or income tax No company or income tax No company or income tax No company or income tax
Operational control & control over Bank a/c and assets 100% by Investor 100% by Investor 100% by Investor 100% by Investor 100% by Investor
Trading, Consulting, Gen Trading, Industrial, Manufacturing, Plant and Machinery, Storage and Distribution etc Trading, Consulting, Gen Trading, Industrial, Manufacturing, Plant and Machinery, Storage and Distribution etc All License types. In addition Professional License eg: Real estate, legal, audit (these last 3 are not available in Free Zones and only permitted under Est. or LLC)) All License types. In addition Professional License eg: Real estate, legal, audit (these last 3 are not available in Free Zones and only permitted under Est. or LLC)) All License types. In addition Professional License eg: Real estate, legal, audit (these last 3 are not available in Free Zones and only permitted under Est. or LLC))
Operation limits Cannot trade outside free zone Cannot trade outside free zone Can trade anywhere Can trade anywhere Can trade anywhere
Visas Approx 1visa /100sqft office space Approx 1visa /100sqft office space Approx 1visa /100sqft office space + additional visas on request Approx 1visa /100sqft office space + additional visas on request

Approx 1visa /100sqft office space + additional visas on request

Company set up costs

UAE Free Zone UAE Free Zone UAE local company UAE local company UAE local company
FZE FZC Est. Est. - Ready to Go** LLC
Sponsor Fee (per year) $0 $0 $3,288 $3,288 $5,479
*Govt. License and Fees (per year)
(*Payable at actuals, directly to govt)
$5,479 $7,397 $1,370 $1,370 $2,740
*1000sqft Office Space rent (per year)
(*Payable at actuals, directly to landlord)
$24,658 $24,658 $19,178 $3,288 $19,178
Documentation and PRO fees (one time) $1,000 $1,000 $1,000 $1,000 $1,000
Total (first year) $31,137 $33,055 $24,836 $8,945 $28,397

Advantages / Dis advantages of various set-ups

UAE Free Zone UAE Free Zone UAE local company UAE local company UAE local company
FZE FZC Est. Est. - Ready to Go** LLC
Advantages / Disadvantages Additional admin and paper work required when trading outside Free zone

Limited & expensive choice of available office space

Far from city

100% ownership is best suited when you plan to bring in expensive capital coods, plant, machinery, patents, brands etc
Additional admin and paper work required when trading outside Free zone

Limited & expensive choice of available office space

Far from city

100% ownership is best suited when you plan to bring in expensive capital coods, plant, machinery, patents, brands etc
Est. is ideal for representative, liaison, branch offices, service businesses such as sales office, real estate and other commercial brokerage rep office

Big advantage to have a UAE local fronting your firm. There are financial benefits, quotas, access to important govt. offices, oil field & aviation sector etc available to Est. It is also useful when collecting bad debts, getting new licenses, maximum visas, permits etc

Important to find a reliable sponsor with references and agree terms for the first 2 years of operation to minimise differences
Est. is ideal for representative, liaison, branch offices, service businesses such as sales office, real estate and other commercial brokerage rep office

Big advantage to have a UAE local fronting your firm. There are financial benefits, quotas, access to important govt. offices, oil field & aviation sector etc available to Est. It is also useful when collecting bad debts, getting new licenses, maximum visas, permits etc

Important to find a reliable sponsor with references and agree terms for the first 2 years of operation to minimise differences

**Shared office space, with one table chair workstation, includes aircondition, free internet, washroom, landline number, PO box. Ideal for companies testing the market, first year of operations
Est. is ideal for representative, liaison, branch offices, service businesses such as sales office, real estate and other commercial brokerage rep office

Big advantage to have a UAE local fronting your firm. There are financial benefits, quotas, access to important govt. offices, oil field & aviation sector etc available to Est. It is also useful when collecting bad debts, getting new licenses, maximum visas, permits etc

Important to find a reliable sponsor with references and agree terms for the first 2 years of operation to minimise differences

LLC offers no discernible or big benefit over Est. In LLC 49% share holders can take loan against their share holding i.e. if the foreign owners bring in machinery/assets worth 10million, they can raise a loan against a collateral of the 4.9million asset. Specific agreements can be made with sponsor to disavow any claims by sponsor on such machinery, however the same can be done for Est.

To Start setup process

  1. Resume of proposed manager
  2. Passport copy of proposed manager
  3. Brief description of major products, applications, services
  4. Brief business plan (simple one pager outlining your operations over the next 1-2years)
  5. List 3 preferred company names
  6. Initial Approval, Name reservation = 500$ (Payment on a/c, payable at actuals, a/c and receipts will be kept and excess will be refunded back to you. Click for payment options)
  7. Document drafting, clearing, professional fee = 1000$ (Payable in full, in advance. Click for payment options)

After Set-up, Visas for investor and staff

UAE Free Zone UAE Free Zone UAE local company UAE local company UAE local company
FZE FZC Est. Est. - Ready to Go** LLC
*Govt Fees per visa (per year)
(*Payable at actuals, directly to govt. Includes labour card, health card, Emirates ID etc.)
$1,500 $1,500 $1,100 $1,100 $1,100
Documentation and PRO fees per visa (one time) $200 $200 $200 $200 $200
Total (first year) $1700 $1700 $1300 $1300 $1300
*Govt refundable deposit per visa
(*Payable at actuals, directly to govt)
$1,500 $1,500 $1,000 $1,000

$1,000



After set-up service: We assist with finding you office space, obtaining visas, emirates ID's, mandatory health checks, setting up bank accounts, registering with ministry of labour, WPS system etc. We can do all of this even while you / your managers are outside the country, enabling you to focus 100% on growing your business, without the distraction of paperwork or running around.

Comments: 1

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  • #1

    Mr. E. J. (Executive Director), Chicago Plaza, Rajaji Road, Ernakulam, Kochi (Wednesday, 24 December 2014 08:21)

    Dear Deca, I was looking for a advisor/broker who could guide me correctly to setup sales office in Dubai. I have spoken to many internet advisors and have received only bits and pieces of information from them. They were always holding back information and i was not comfortable proceeding without a clear picture. Mr. Arun was the first person who noted down my requirements in detail and gave me a COMPLETE start to finish costing and document list. My new plant and machinery trading license is exactly what i need to make offers to clients in UAE and collect payment in UAE itself. I was very happy with your service and am happy to recommend it to my associates.


M/s. Deca / Al Raad

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  3. Detailed offer within 3 working days

 

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