How to open a company in the UAE?

The United Arab Emirates is a unique location for business, often chosen by foreign entrepreneurs. It has many Free Zones, where taxation is reduced for certain types of activities. According to estimates, there are more than 40 such free economic zones in the country. To find out how to open a company in the UAE and what advantages the location has, we consulted with experts from the international law firm Maira Consult.

The process of company registration in the UAE

The procedure for registering a company in the UAE is characterized by bureaucracy and possible misunderstandings with local authorities. That is why it is best to seek legal assistance. But you can try to open a company in the UAE yourself. Let's take a look at how to do it:

1. Choose a location where you plan to register a company.
2. Come up with a unique company name and determine its type.
3. Collect the necessary documents. Every business participant must do this.
4. Go through the identification process. It will depend on the chosen free zone.
5. Form the authorized capital if necessary.
6. Submit all the necessary documents to the register. This is done electronically.
7. Receive the prepared corporate documents.

How to choose a location for registration?

The choice of location will depend on the type of business the company will be engaged in. The following business areas are actively developing in the UAE:

• IT;
• financial and investment services;
• consulting;
• logistics;
• trade;
• agribusiness;
• international trade in petroleum products.

Having chosen a direction, it is necessary to explore the possibilities of free zones. Most of them are in Dubai, so you can focus on this emirate. You can also register an offshore company here. In addition, in free zones, you need to obtain a license to operate.

What forms of companies can be registered?

The country's legislation allows the registration of the following forms of companies:

1. local or local;
2. registered in the Free Zone;
3. offshore.

What does the UAE offer to foreign entrepreneurs?

Among the main advantages of the Arab Emirates, which make them a choice for various entrepreneurs, are the following:

1. political stability of the country and the absence of conflicts;
2. openness and stability of the economy;
3. various state support for entrepreneurs;
4. the possibility of remote company registration;
5. reduced taxes, especially for companies with small profits;
6. special zones for working with foreign entrepreneurs with a special tax regime;
7. a stable financial system that entrepreneurs can participate in;
8. business owners and their employees can count on obtaining a UAE resident visa;
9. along with transparency, the possibility of confidentiality of data on beneficiaries is preserved;
10. both individuals and legal entities can be shareholders and directors.

If you want to know more about how to open a company in the UAE yourself, please contact experienced specialists. It can be any firm that works in the legal field. For example, you can choose Maira Consult.