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Posted By: Jessica Augustin | 09 Oct 2017

NEW STARTUP, BUSINESS EXPANSION, INVESTMENT IN DUBAI

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Dubai has something for everyone! 

It is just the right time now with EXPO 2020.

Explore which type of Business Setup Meets your Needs

 

 

Dubai is a cosmopolitan city and welcoming all to make their dreams come true. As per the demographic static of UAE more than 82%, the population is Expat. People are coming here as Tourist, Entrepreneurs and Professionals/Students who were looking for the new Experience, Business &career opportunities. Dubai is welcoming all of them and giving them experience &chance as per their wish & capabilities.

For the Entrepreneurs & New Startups, there are number of options are available in the seven Emirates of UAE  (Abu Dhabi, Ajman, Fujairah, Sharjah, Dubai, Ras al-Khaimah and Umm al-Qaiwain) like-

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  1. MAINLAND COMPANY SETUP
  2. FREE ZONE COMPANY SETUP
  3. OFFSHORE COMPANY SETUP

You can find a number of consulting firms who can guide you for selecting the correct Jurisdictions which suits your business. ADAM Global is assisting local Entrepreneurs as well as International clients for registering their Business since 2002. Dubai SME100 ranked ADAM amongst the TOP 50 SMEs in UAE.

 

 Entrepreneur are selecting Mainland legal structure (Limited Liability Company – 51% Shares Hold By UAE National & 49% shares hold by Expat(s) or Professional License- 100% Expat & UAE National as Local Service Agent without holding any shares) for their proposed company to capture the Local UAE market as well as to get more preference in getting Government-Semi Government Projects. You can read more on Corporate and local Sponsorship in the next blog.

 

 

 Mainland Companies can get work visas as per their business requirement. Banking for the mainland companies are easy and after fulfilling the bank’s requirement they can avail loan & LC facilities from the all major banks of UAE.

Image result for entrepreneur

 

 

Free Zone Companies For Foreign Entrepreneurs & Companies

Freezones are the best options for those entrepreneurs who have only International Business Exposure and requiring UAE presence. These days New Entrepreneurs who would like to test the UAE market and starting their  Business, are selecting  Free Zone Jurisdictions. There are more than 40 free zones in UAE and majority of Freezones are established in Dubai. You can setup a free zone company by making minimum investment and formalities. Some free zones are providing cost effective company license which starts from AED 13,500 with the eligibility of 1 visa.

Some UAE famous Free Zones names are below-

DMCC – Dubai Multi Commodity Center,

Dubai South-Dubai World Central

JAFZA-Jebel Ali Free Zone

DIFC- Dubai International Financial Centre

Dubai International Academic City

DIC-Dubai Internet City

Dubai Knowledge Village

Dubai Media City

GDP-Dubai Gold and Diamond Park

DSO-Dubai Silicon Oasis (DSO)

IMPZ-International Media Production Zone

RAKEZ- Ras Al Khaimah Economic Zone

TwoFour54

Industrial City of Abu Dhabi

Sharjah Airport Free Zone,

UAQ-Umm al-Qaiwain,

Ajman Free Zone

Fujairah Free Zone Authority

Free Zone licenses & their limitations

 FTZ companies are legally allowed to do business Inside the free zone but they can do International Business without any Hassel. But if any free Zone Company wants to do business outside of free zone with any mainland company of UAE then they have appointed a Distributor and Agent for their product and services.

You can get the Employment visas as per your office space (Normally 8 to 9sqm is required for 1 Visa).

There is another well-known company Structure known as OFFSHORE JURISDICTION. In UAE, you can setup a Holding Company in three offshore jurisdictions:

  • JAFZA OFFSHORE -JEBEL ALI FREE ZONE,
  • RAKICC- RAS AL KHAIMAH INTERNATIONAL CORPORATE CENTER,
  • AJMAN FREE ZONE (OFFSHORE)

ADAM is a registered Agent, for the all offshore jurisdictions of UAE and assisting our client to develop a suitable holding structure for their current business. In the offshore company setup, selection of Registered Agent is most important because they will be your authorized company representative in the offshore authority.

WHO SHOULD ESTABLISH AN OFFSHORE COMPANY?

Individuals and Companies should establish an offshore company if they are looking for;

  1. Asset Protection,
  2. Anonymity, confidentiality and the highest level of privacy protection
  3. Business can be conducted internationally (Invoice international clients from anywhere moving your international shipments by switching the B/L on offshore company name)
  4. Corporate Bank Account in a local bank or International bank.

An offshore company can act as an intermediary in any transactions of your Company with foreign Companies.

 

DUBAI AS AN IDEAL PLACE FOR ENTREPRENEURS & INVESTORS

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In short, it is conclusive that In UAE, an Entrepreneur/Investor can start new venture & they can make an investment (Primary market & Secondary market) as well as in Real Estate (A booming Sector for the safe Investment in Dubai).  

Dubai-UAE is also one of the world’s top ten most popular Tourist destination and millions of tourist are coming to see Sheikh Zayed Grand Mosque, Burj Al Arab, Burj Khalifa, Dubai Mall, Palm Jumeirah, Desert Safari& many-2 more attractive tourist destination of UAE. So we can say & I am having my belief that UAE has something for everyone& you can make your dreams true here.

Moreover, with EXPO 2020, more than 150K new start-ups are anticipated to establish in Dubai. More on Opportunities of EXPO 2020 can be found here

 

With an experience of over 10 years, I am providing consultancy on company setup and how to develop the holding structure for current business. We are also advising how an offshore holding company can secure Interest/Rights of Expat Entrepreneur and make proper arrangement to pass his/her asset to his successor. To contact me, please find my detail below-

 

IFTEKHAR HUSAIN 

Senior Business Setup Consultant  
Mobile : +971 558868397

Skype: iftekhar.husain711

Email: iftekhar.husain@adamglobal.com

 

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About the author

Jessica Augustin

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