The nation has a proper political system, capital flow, and liberal trade confinements, due to which it is mainly preferred for investment. With various free zones, profound infrastructure, low import duties, no taxes, and tactical location, the UAE is way more advanced than its neighbors like Saudi Arabia, Qatar, and Bahrain. It takes about eight days and six processes for business setup in uae in comparison with 18.8 days in Mena and 8.2 processes in Mena.

As per the announcement made by UAE in 2019, it enabled 100% foreign ownership in 122 economic activities in 13 sectors like food services, manufacturing, logistics, hospitality, and renewable energy.
If you are contemplating having a business setup in dubai, you should be aware of the following 10 things:


1. Dubai provides tax incentives
The UAE government provides tax exclusions on withholding tax, corporate tax, and personal income that will endow you with great profits. A basic tax structure and minimum taxes facilitate the process of having a company formation in dubai.

2. Follow rules and regulations

The UAE is one of the leading countries in the world for business and foreign investment because of its robust legal structure. Business registration can be done in a month with the help of business consultants, and you can have your company setup in dubai without any hassle.

3. The government is helpful

The Dubai government welcomes all kinds of foreign investment with its policies. Mohammed bin Rashid Al Maktoum has transformed the business scenario in Dubai with numerous opportunities.

4. Choose a business activity

When opting for business activity, proper research should be conducted for its profitability. There are four kinds of business structures for company setup in dubai such as sole trader, company, partnership, and trust.

5. Select the correct structure

The selection of structure defines the success and failure of your business. Limited Liability Company is one of the general structures for business setup in dubai, and free zone company is more well-known for foreign investors as it bestows 100% ownership.



6. Free Zones provides huge advantages

Free zones facilitate you to have 0% corporate tax with 100% foreign ownership. These zones provide networking opportunities, well-furnished infrastructure, and adaptable office solutions.

7. The Labor Market is large

The labor market policies and immigration executed by the government of Dubai have made the company formation in dubai feasible. The UAE has talented people for different jobs. So do your market research properly while hiring employees.

8. The Currency exchange rate is simple

The UAE currency rate is stable as it is not changed for a long time. The steadiness in the buying power of AED compared to other currencies enables the business to be competent in international trade.

9. Pick the jurisdiction

Economic zones are known as jurisdictions that have laws applicable to business setup in dubai. The UAE market has three economic zones - free zone, mainland, and offshore and you can choose as per your business activities.

10. Apply for a business license
One must apply for any licenses like commercial, professional, industrial, or tourism based on the business structure for company formation in dubai.

Due to the increasing demand of foreign investors for company setup in dubai, several companies help in the business formation in Dubai. Probity Corporate is one of the leading firms with great business consultants team to abet for startups, small businesses, and large companies. Probity has associations with the government authorities and follows all the laws and regulations of Dubai for company formation in dubai. All the legal processes to set up a business are well taken care of by Probity Corporate!