Opening a business in Dubai is no more challenging than it was before. The continuous efforts of the government towards ease of business have improved the economic situation a lot in recent years. According to the Department of Economic Development, they have formed above 20,000 licenses in the year 2018 which is an increase of 4.6 percent from the last year.
They have also started the new instant license facility from which you can get the license in 5 mins. For instant license, you don’t need to rent an office for the first year. All the activities which requires approval from external department are excluded from this, they need to go through the same old process. Department of Economic Development has also revamped the old process and its more easy to get the license now.
There are different legal types of companies available in United Arab Emirates:
- Limited Liability Company (LLC)
- Sole Proprietorship.
- Civil Company.
- Single Owner LLC.
- Branch of A Foreign Company.
- Branch of A Freezone Company.
- Freezone Establishment (FZE)
- Freezone Company (FZC)
You can select any of the legal types depending on the activity and issuer of the license.
When you are starting a business, there are so many questions which may arise: Where do I form the company in Dubai? What are the charges of Business Setup in Dubai? Should I go with Dubai mainland option or Freezone Company formation? Is it possible to have license without renting an office? How much is the government fee to open business in Freezones. How much time it will take to form a company and so many other questions.
If you are also having questions in your mind, we can help you answering these questions. Please contact us and we will try our best to advice you according to the latest rules and regulations.