FAQ

The time required to register a business in Dubai can vary significantly based on factors like the type of business, required licenses, and documentation completeness. Typically, the process may take anywhere from a few days for straightforward Free Zone setups to several weeks for Mainland companies requiring various approvals. Engaging with a business setup consultant in Dubai can help expedite the process and ensure all paperwork is correctly completed.

Setting up a business in Dubai involves various costs, including licensing fees, registration fees, office space rental, and employee visas. Mainland businesses may incur additional expenses due to the need for a local partner and compliance with local regulations. Freezones typically offer competitive packages, which can include office space, licensing, and other essential services. A thorough understanding of these costs is vital for budgeting effectively.

Yes, to establish a Mainland company, UAE law generally requires you to have a local partner or sponsor who holds a minimum of 51% ownership. However, there are certain sectors and activities where 100% foreign ownership is permissible. Navigating these requirements can be complex, so it’s advisable to seek guidance from experienced business setup consultants who can help you understand your options and the implications of local partnerships.

The type of business license required in Dubai depends on the nature of your business activity. Common license categories include Commercial Licenses for trading and retail activities, Professional Licenses for service-oriented businesses, and Industrial Licenses for manufacturing. Each license comes with specific documentation and approval processes. Understanding your business needs will help you select the appropriate license to operate legally and efficiently.

Yes, you can set up a business in certain freezones without being a resident of the UAE. These freezones offer packages designed for foreign entrepreneurs, allowing you to enjoy 100% ownership and repatriation of profits. However, if you plan to establish a Mainland business, a local sponsor is required, who will hold a minimum stake in the company. It’s essential to consider your business goals when choosing the right structure.

A freezone is a designated area within the UAE where businesses can operate under a unique regulatory framework, offering advantages such as 100% foreign ownership, tax exemptions, and simplified import and export procedures. Additionally, businesses in freezones often enjoy fewer bureaucratic hurdles, allowing for a faster setup process. Each freezone specializes in different sectors, so it’s crucial to choose one that aligns with your business operations.

The documents needed for business registration in Dubai can include a detailed business plan, passport copies of the owners and partners, proof of address, and a no-objection letter from your sponsor, if applicable. The specific requirements can vary based on the business structure and license type, so it’s essential to consult with a business setup consultant who can provide a tailored checklist based on your situation.

Opening a corporate bank account in Dubai typically involves providing essential business registration documents, including your trade license, company memorandum, and articles of association. You will also need to present identification documents for the business owner and authorized signatories. Different banks have varying requirements, so it’s advisable to approach multiple banks to compare their offerings and choose the best fit for your business needs.

Generally, the UAE is known for its favorable tax environment, with no corporate income tax imposed on most business profits. However, certain sectors, such as oil and gas, and foreign banks may be subject to specific tax regulations. Additionally, businesses registered in freezones typically benefit from various tax exemptions, making the UAE an attractive location for entrepreneurs. 

Business owners and employees need an employment visa, which is obtained through the business registration process. The number of visas available depends on the company’s office space and business activities. Visa processing involves submitting various documents, including the trade license, passport copies, and medical fitness certificates. Engaging a business setup consultant can help streamline the visa application process and ensure all requirements are met.

Yes, you can change your business activity after registration, but this may require approval from the relevant authorities and possibly a new license. The process typically involves submitting a request and the necessary documentation to justify the change. It’s important to understand the implications of altering your business activity and ensure compliance with local regulations, so consulting with us can help navigate this process.

Offshore companies in the UAE offer several advantages, including privacy, asset protection, and tax benefits. They are ideal for international businesses seeking to operate without a physical presence in the UAE. Additionally, offshore companies often allow for easier management of global investments and wealth. However, it’s crucial to understand the regulations surrounding offshore entities to ensure compliance and maximize benefits.

Yes, businesses in the UAE must register for VAT if their taxable supplies exceed AED 375,000 annually. VAT registration allows businesses to charge VAT on their goods and services and reclaim any VAT they have paid on business expenses. Understanding VAT compliance is essential for maintaining transparency and avoiding penalties, so consulting with us can help ensure your business meets all requirements.

Ensuring compliance with local regulations in the UAE involves staying informed about changing laws, regulations, and requirements related to your business activity. Regular consultations with legal and business setup experts can help you navigate the complexities of compliance and avoid potential penalties. Additionally, maintaining proper documentation and adhering to the guidelines set by local authorities are crucial for operating your business smoothly.

Prime Access offers a personalized approach, leveraging extensive local knowledge and experience to streamline the business setup process. Our dedicated consultants work closely with clients, providing tailored solutions and ongoing support to ensure compliance and success in the UAE market.

Yes, we offer comprehensive after-setup services, including assistance with visa processing, ongoing compliance, and business growth strategies. Our goal is to ensure your business thrives long after the initial setup.

Absolutely! Prime Access specializes in setting up e-commerce businesses, providing guidance on licensing, platform selection, and compliance with local regulations to ensure your online venture is successful.

We utilize a systematic approach, ensuring all documentation is completed accurately and submitted on time. Our team stays in constant communication with relevant authorities to facilitate approvals and address any potential issues promptly.

Prime Access has expertise across various sectors, including retail, hospitality, e-commerce, healthcare, and technology. We understand the unique requirements of each industry, allowing us to provide tailored advice and solutions.