The UAE has firmly established itself as a cornerstone of\ninternational trade. Its highly strategic location in the Middle East puts it\nat the centre of the vast markets of Europe, Asia and Africa.<\/p>\n\n\n\n
The country\u2019s highly attractive tax regime further elevates\nit as the perfect place to do business with the rest of the world. The UAE\nstill levies 0% tax on corporate and personal income. VAT is the only common\ntax and stands at just 5%.<\/p>\n\n\n\n
Businesses setting up in the UAE\u2019s free zones benefit from\nfurther tax advantages including 100% customs tax exemption, as well as the\nability to repatriate all capital and profits and no currency restrictions.<\/p>\n\n\n\n
These factors and more are behind the country\u2019s huge\npopularity with international entrepreneurs. Further sweetening the deal is the\nUAE\u2019s easy and affordable company incorporation process. When setting up with a\ncompany setup agent, company formation in the UAE can be incredibly\nstraightforward.<\/p>\n\n\n\n
Company formation in the UAE \u2013 key facts<\/strong><\/p>\n\n\n\n There are several common considerations to keep in mind when\nstarting a business in the UAE \u2013 regarding licensing, setup types, business\nactivities, and more.<\/p>\n\n\n\n Understanding license types<\/strong><\/p>\n\n\n\n There are several license types available in the UAE. The\nright one for your business will depend on the nature of your business\nactivities.<\/p>\n\n\n\n If your business activities fall into the category of\nindustrial or manufacturing, then you will require an industrial license. If\nyou are in the commercial sector \u2013 i.e. the buying and selling of goods \u2013 then\nyou will require a commercial license. Similarly, those offering professional\nservices will require a professional license.<\/p>\n\n\n\n Free zone or mainland setup?<\/strong><\/p>\n\n\n\n One of the most important considerations when establishing\nyour UAE business is whether to set up in a free zone or on the mainland.<\/p>\n\n\n\n There are many advantages to both. Free zones such as\nFujairah Creative City offer benefits such as a quick and easy incorporation\nprocess, ongoing business support, and financial incentives such as tax\nexemptions and zero currency restrictions.<\/p>\n\n\n\n There are several types of free zone licences available.\nMany free zones offer a range of license types including industrial, commercial\nand e-commerce and professional services.<\/p>\n\n\n\n You\u2019ll also find a range of licenses available on the\nmainland. Mainland businesses can trade directly with the UAE market and take\non potentially lucrative government contracts. The setup that\u2019s right for you\nwill depend on the nature of your business. An expert in company formation can\nhelp you make this decision, advising on the best option for your specific\nrequirements.<\/p>\n\n\n\n In many cases, setting up a free zone company can be the\nmost cost-effective way to start a business in the UAE.<\/p>\n\n\n\n Your company name<\/strong><\/p>\n\n\n\n Choosing a company name is a hugely important step in\nestablishing a UAE business. There are a few things to keep in mind when making\nthis decision. You must abide by a strict, yet easy to follow, set of naming\nconventions. Once again, a company setup expert can help you with this step.<\/p>\n\n\n\n In short, you should avoid any offensive or blasphemous\nlanguage. Avoid names of well-known organisations and avoid abbreviations if\nnaming your company after yourself \u2013 i.e. Dave Mann Consulting, rather than D\nMann Consulting. You must also check that your chosen name is available to\nregister.<\/p>\n\n\n\n Company formation in a UAE free zone<\/strong><\/p>\n\n\n\n With the right\nassistance, company formation in UAE free zones can be a fast and\nstraightforward process.<\/p>\n\n\n\n The first step is to make your license application. You\nshould apply for your license directly to the managing authority of your chosen\nfree zone.<\/p>\n\n\n\n Free zone licenses can often be granted in a matter of days\ndepending on the nature of your business and the license required. To ensure a\nsmooth process, it is once again a good idea to instruct the services of a\ncompany formation specialist at this stage.<\/p>\n\n\n\n Whether making your application yourself, or through a\ncompany formation agent, you are usually only required to provide a few details\nand some basic documentation, including:<\/p>\n\n\n\n UAE company formation cost<\/strong><\/p>\n\n\n\n The cost of company formation in the UAE depends on a number\nof factors. Your license type, location, number of employees and the size of\nyour premises can all impact the total cost of setting up here.<\/p>\n\n\n\n If you\u2019re looking for the cheapest company formation in the\nUAE, it may be advisable to set up in a free zone. Free zones such as Fujairah\nCreative City offer many affordable license packages with no paid-up share\ncapital requirement, no annual audit and an easy incorporation process. There\nis also no need to be present in the UAE to establish your new company.<\/p>\n\n\n\n A license package in Fujairah Creative City, inclusive of\none visa application and use of the free zone\u2019s co-working facility costs just\nAED 24,775.<\/p>\n\n\n\n Starting your UAE business<\/strong><\/p>\n\n\n\n If you\u2019re armed with the right knowledge, setting up a\nbusiness in the UAE doesn\u2019t have to be overly complex.<\/p>\n\n\n\n That being said, it does require a level of prior knowledge\nof the process. What\u2019s more, it is important to note that the application\nprocess is only straightforward if your license application is complete at the\ntime of submission and free from errors.<\/p>\n\n\n\n To help you to ensure that this is the case, it\u2019s a good\nidea to work with a company formation specialist such as Business Incorporation\nZone (BIZ) when establishing a new company in the UAE.<\/p>\n\n\n\n We are a team of company registration professionals who are\npassionate about bringing the dreams of aspiring entrepreneurs and SMEs to\nlife.<\/p>\n\n\n\n As well as handling your license application, BIZ can also\nassist with the opening of corporate bank accounts and advise on the most\nappropriate financial institution to suit your specific needs.<\/p>\n\n\n\n We also offer visa and immigration services and can handle\nall government formalities, permissions, work permits and visa applications\nthat are required to trade in the UAE.<\/p>\n\n\n\n In short, our experts can establish your company on your\nbehalf, make your license and visa applications, and take care of all the\nnecessary admin \u2013 leaving you free to get on with running your business.<\/p>\n","protected":false},"excerpt":{"rendered":" The UAE has firmly established itself as a cornerstone of international trade. Its highly strategic location in the Middle East puts it at the centre of the vast markets of Europe, Asia and Africa. The country\u2019s highly attractive tax regime further elevates it as the perfect place to do business with the rest of the world. The UAE still levies 0% tax on corporate and personal income. VAT is the only common tax and stands at just 5%. Businesses setting up in the UAE\u2019s free zones benefit from further tax advantages including 100% customs tax exemption, as well as the […]<\/p>\n