FAQs | Setup Dubai Business

The company’s shareholders, who have many years of experience in bank sector, legal and financial consulting, where confidentiality policy is an indicator of professionalism and absolutely essential part of business, incessantly have followed and continue following the regime of maintaining of absolute confidentiality of client information and embody the principle of this approach at all

My knowledge of the language – how to deal with everything?

Improving your language skills can be a rewarding journey, and there are several effective strategies you can use to enhance your proficiency. Here are some tips to help you deal with different aspects of language learning: Practice Regularly: Consistent practice is key to language improvement. Set aside dedicated time each day to engage with the

What are the living costs in the UAE?

The cost of living in the UAE can vary significantly depending on factors such as location, lifestyle, and personal preferences. Here’s an overview of some key expenses you might encounter: Housing: Housing costs can be one of the largest expenses in the UAE. Rent prices vary depending on the city and type of accommodation. In

What are the taxes for companies and individuals?

In the United Arab Emirates (UAE), there are generally no federal taxes on personal income, capital gains, inheritance, or corporate profits. However, there are some exceptions and considerations to be aware of: Corporate Taxes: As of my last update, there is no federal corporate tax in the UAE. However, companies engaged in certain activities, such

Do I have to come again to renew the company?

The process for renewing a company in the UAE depends on various factors, including the type of company (mainland or free zone), the licensing authority, and any specific requirements or regulations applicable to your business activity. Here’s an overview: Mainland Companies: If your company is registered in the mainland, the renewal process typically involves submitting

How many days do I need to spend in the UAE to register a company and to open a bank account?

The duration required to register a company and open a bank account in the UAE can vary depending on several factors, including the type of company (mainland or free zone), the specific requirements of the licensing authority and bank, and the efficiency of the service providers involved. Here’s a general overview: Company Registration: Mainland Company:

How quickly can I open a company and a bank account in the UAE?

Opening a company and a bank account in the UAE can be a relatively efficient process, especially if you choose to set up in one of the country’s many free zones. Here’s a general overview of the timeframe for each step: Company Formation: Mainland Company: Setting up a mainland company typically involves more steps and

Why cannot I register a company myself?

You can register a company yourself in the UAE, but it’s important to understand the complexities and legal requirements involved in the process. Here are some reasons why individuals often choose to seek assistance from business setup consultants or PRO (Public Relations Officer) services: Legal Knowledge: Company registration involves navigating various legal and regulatory requirements,

How long have you been in the business?

The company’s shareholders have over 15 years of joint experience in this business, including banking, financial and legal consulting in UAE.

What is the real use of an onshore company in Free Trade Zone of the UAE?

An onshore company, also known as a mainland company, is established within the jurisdiction of the UAE outside of its free trade zones. While free trade zones offer various incentives and benefits for businesses, onshore companies have their own advantages and use cases within the UAE: Local Market Access: Onshore companies have the advantage of

What is the real use of an offshore company?

The real use of an offshore company typically revolves around financial and legal benefits associated with establishing a business entity in a jurisdiction outside of one’s home country. Here are some common reasons why individuals and businesses choose to set up offshore companies: Tax Optimization: One of the primary reasons for establishing an offshore company

How is the share capital accounted for?

The accounting treatment of share capital depends on the type of company and the applicable accounting standards in the jurisdiction where the company is incorporated. Here is a general overview of how share capital is accounted for: Initial Issuance: When a company issues shares to investors during its initial public offering (IPO) or through private

Why to setup a company in Dubai?

Setting up a company in Dubai offers numerous advantages for entrepreneurs and businesses looking to establish a presence in the Middle East. Here are some key reasons why Dubai is an attractive location for company formation: Strategic Location: Dubai is strategically located at the crossroads of Europe, Asia, and Africa, making it an ideal hub

What is company formation?

Company formation, also known as company registration or incorporation, refers to the process of legally establishing a new business entity or company. It involves registering the company with the relevant government authorities and obtaining the necessary permits, licenses, and approvals to operate the business legally. The process of company formation varies depending on the legal

Confidentiality