Award-Winning Setup Advisors

What is the UAE Mainland, Free Zone and Offshore?

The UAE Mainland is an economic zone or jurisdiction which companies can run their businesses from. Companies based in the UAE Mainland are licensed by each Emirate’s own Department of Economic Development (DED). Setting up a business in the UAE Mainland offers the ability to trade without any restrictions, inside and outside the UAE. The UAE Free Zone , similarly, is the jurisdiction governed by the Free Zone Authority. The Free Zone provides a wide range of benefits ranging from 100% ownership, tax exemptions, furnished office spaces and more – making it a highly desir

How can I open a bank account in Dubai/UAE?

To open a corporate bank account for your business, you are required to have an investor visa. For a personal bank account, a residence visa/employment visa is required

What sort of business activities need special approvals?

Some businesses in the UAE cannot be set up simply with typical business licenses . Due to the nature of their activities, they require special approvals. If your business activity is under the realm of Education, you require special approvals from the Ministry of Education or the Knowledge and Human Development Authority (KHDA). If your business is related to engineering or construction, you require approval from the Municipality. If your business has anything to do with telecommunication or networks, Etisalat will be the authority to issue an approval.

What items can I trade under a general trading license?

You can trade, import, and export anything under a general trading license, also known as a commercial license. Gold and oil, however, need further approvals, which is why the same rules don’t apply to these items.

Can I set up a branch for a foreign company in Dubai?

You are mainly required to have the documents of your parent company, or holding company attested by the Ministry of Foreign Affairs, in order to kickstart your branch setup process. After that, it’s important you reserve a trade name, get approval from the Ministry of Economy and the Department of Economic Development (DED) . Once that’s done, you need to lease an office space, and you can start your operations in the country.

What are the business activities that do the best in UAE?

While there’s no saying which activity or industry will end up doing well, here are some that have already been established as highly recommended industries to carry out business in; IT-related services E-commerce services Real Estate services Travel and tourism services Cleaning and maintenance services General trading businesses

What are the different types of business licenses that can be applied for?

There are four types of business licenses that can be opted for if you’re looking to set up a business in the UAE. These are: Commercial license: Businesses involved in the trading of goods are issued commercial licenses. Few business activities that fall under the commercial license are the trading of goods and commodities, manufacturing and exporting products, real estate, logistics, and more. Tourism license: Businesses dealing in the travel and tourism industry, such as travel agents, tour operators, hospitality industry, etc. are required to obtain a tourism license. Professional license:

How long does license renewal take?

Your license will take as little as one week to be renewed*, provided all the necessary documents are submitted to us in the given timelines. These documents are: Passport and visa copies of the shareholder(s) Your business’ lease agreement (if applicable) A copy of your previous trade license