Choose between a mainland company or a free zone company based on your business goals and requirements. Each offers distinct advantages and considerations for 100% foreign ownership.
Define the nature of your business activity and ensure it aligns with the UAE’s approved business activities list. This step is crucial for obtaining the appropriate licenses and permits.
Select a name for your business that complies with UAE naming guidelines and check its availability with the relevant authorities.
Submit the necessary documentation, including your business plan, lease agreement, and other required paperwork, to secure initial approvals from UAE authorities.
Apply for the relevant business license from the appropriate authority based on your chosen structure (mainland or free zone). The licensing requirements and procedures may vary.
Complete the company registration process with the relevant authorities, such as the Department of Economic Development (DED) for mainland companies or the respective free zone authority for free zone companies.
Depending on your business structure, secure an office space in the UAE and process the necessary visas and work permits for yourself and your employees.
Once your company is registered, open a corporate bank account in the UAE to facilitate business transactions. Choose a reputable bank that suits your financial needs.
Comply with all legal and regulatory requirements, including tax obligations, financial reporting, and adherence to labor laws. Stay updated with any changes to regulations that may impact your business.
Navigating the process of setting up a business in the UAE can be complex, but with the right guidance and support, you can establish a successful venture with 100% foreign ownership.
