How to Start a General Trading Company in Dubai, UAE

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Our company formation services in Dubai are your gateway to the UAE market. Read more about visa services here. Utilize and expand your business with new tactics and strategies with the help of our in-house experts. We are experts at business setup in Dubai, and you can rely on us to match your current needs and future plans to the right jurisdiction and rightful business activities. If your new business in Dubai is commercial in nature such as trading or contracting, , the ideal option on the mainland is a limited liability company , with a minimum of one and a maximum of 50 shareholders. It is a must to have a corporate bank account to open a company in Dubai or the UAE.

Setting up an FZCO company.

Customs duties are at 4% with many exemptions and 100% repatriation of capital and profits is permitted. Approved documents from the Ministry of Economy and other government authorities.

Obtaining a free zone license in Dubai is a relatively straightforward process with the right guidance and adherence to regulatory requirements. However, provided you approach the process with your eyes open and seek the right guidance, in most cases, you’ll have your business set up in a matter of weeks. You can apply for your own UAE residence visa as well as those of your employees and any domestic staff you may have. When setting up as a freelancer working in a free zone company, you may also be required to provide proof of invoices or work orders. Dubai Knowledge Park is known as the world’s only free zone dedicated to HR management, learning excellence, consultancy and testing centres.

How much does it cost to start a business in Dubai?

However, as a non-resident, you may need to work with a local sponsor in order to trade, as detailed above. Dubai is one of the most welcoming environments on earth for foreign investors. In recent years, the emirate has made it easier than ever for entrepreneurs from every corner of the globe to do business in the UAE. The chamber aims to enhance the contribution of the digital industries to the national economy, attract businesses, talent, and investors to Dubai. Dubai Chamber of Digital Economy is dedicated to spearheading the economy of the future, bolstering the dynamic startup ecosystem, and creating the world’s most advanced digital infrastructure. To discuss the possibilities of e-commerce solutions in Dubai, the processes involved, the growth prospects, the jurisdiction to select, and all the other relevant aspects, talk to our professionals. You can provide different payment gateways, for the users to choose the frequently used one by them.

For instance, International Free Zone Authority in Dubai offers theIFZA Dubai Trading Licence which starts at AED 12,500 (US$ 3,400) and is issued within 5 working days. Some of the newer free zones offer greater flexibility such as professional, commercial and industrial activities combined into a single business license. Our in-house lawyers, chartered accountants, and financial consultants will help you with feasibility studies, due diligence, corporate structuring and restructuring towards successful company formation in Dubai. In 1985, Dubai launched Jebel Ali Free Zone Authority as the first free zone in the UAE and the Middle East. The small operation opened with only 19 companies, but within a decade became the first free zone in the world to be awarded ISO certification. The JAFZA success story became the blueprint for several free zones, each offering strategic benefits and advantages. These free zones house thousands of foreign individual and institutions who have successfully set up Branch or 100% owned company in Dubai.

Establishing a general trading business in Dubai promises lucrative profits, and the government of Dubai is known for its supportive and collaborative approach, simplifying the setup process. Choose a suitable local or international bank and open a corporate bank account. Familiarize yourself with different financial institutions and their requirements. Ensure you have a UAE business license, and some banks may require shareholders to have a residency visa. Minimum balance requirements typically range from AED 10,000 to AED 150,000.