BUSINESS SET-UP

Why Start a Business in Dubai?

Dubai offers numerous advantages for entrepreneurs looking to establish their businesses. Here are some key reasons:

Tax advantages: Dubai boasts a 0% tax rate on personal and corporate incomes, making it an attractive option for businesses seeking tax efficiency. The introduction of a flat 5% VAT is the only significant tax to consider.

Vibrant economy: With the second largest economy in the Arab world, Dubai provides diverse opportunities in sectors like healthcare, hospitality, technology, and trade.

Quality of life: Dubai offers a high standard of living, ranking 23rd in the Best Countries Index, with modern infrastructure, a cosmopolitan culture, and a safe environment.

Startup support: Dubai houses numerous startup incubators and funding initiatives that accelerate business growth by providing mentorship, networking, and funding opportunities.

With positive economic growth projections, Dubai’s business landscape holds promise for aspiring entrepreneurs. By starting a business in Dubai, you can benefit from low taxes, tap into a diverse economy, enjoy a high quality of life, and leverage startup support.

Stage 1- Preapproval

• Preferred 3 Business Name and may select up to 3 Business Activity (optional).

✓ Passport

✓ Proof of Address

✓ No. of Shareholders / Share Capital

✓ Sole Ownership / Partnership

✓ Personal Details

Stage 2- License Issuance

• Approved company name

• Submission of documents

• Payments / Fees

• Account creation

• KYC / UBO

• Video Recording

Stage 3- Residence Visa and Emirates ID

• Application for Entry Permit (valid for 2 months)

• Medical and Biometric

Stage 4- Bank Account opening

• Bank Application

• Submission of documents including original Emirates ID

• Bank Verification / Approval

• Business papers / License releasing