What are the main benefits of setting up a business in Dubai/UAE?
The UAE, particularly Dubai, offers numerous benefits including a strategic global location, a pro-business government, 100% foreign ownership in many sectors, a world-class infrastructure, a favorable tax environment (including a competitive Corporate Tax rate), and a high quality of life.
What are the basic steps to start a business in Dubai?
Key steps typically include defining your business activity, choosing a company name and legal structure (Mainland or Free Zone), applying for initial approvals, preparing legal documents, securing an office space (if required), submitting your final application for the license, and then processing visas and opening a corporate bank account. Inlex can guide you through each step seamlessly.
What is the difference between a Mainland company and a Free Zone company in the UAE?
A Mainland company is licensed by the Department of Economic Development (DED) and can trade directly within the entire UAE market. A Free Zone company is registered within a designated economic zone, typically offers 100% foreign ownership and specific tax advantages, but is generally restricted to operating within its zone or internationally (with options to access the mainland market via distributors or branches).
Can a foreigner own 100% of a business in Dubai?
Yes, for many business activities on the Dubai Mainland, 100% foreign ownership is now permitted. In UAE Free Zones, 100% foreign ownership has always been a standard feature. Our consultants can advise on the specifics for your chosen activity.
How long does it typically take to set up a business in Dubai?
The timeframe can vary from a few days to several weeks, depending on the business activity, chosen jurisdiction (Mainland or Free Zone), complexity of approvals, and completeness of your documentation. Inlex strives to make this process as efficient as possible for you.
What kind of business license will I need in Dubai?
The type of license (e.g., Commercial, Professional, Industrial, Tourism, E-commerce) depends on the nature of your business activities. We help you identify and apply for the correct license to ensure full compliance.
Do I need a physical office to start a business in the UAE?
It depends. Mainland companies generally require a physical office space evidenced by an Ejari. Many Free Zones offer flexible solutions like flexi-desks or co-working spaces, which can be very cost-effective for startups and SMEs.
What are the approximate costs involved in setting up a business in Dubai?
Costs vary significantly based on license type, jurisdiction, office requirements, number of visas, and other factors. We provide transparent cost breakdowns tailored to your specific needs. Contact us for a personalized quotation.
How can Inlex help me with my business setup in Dubai?
Inlex offers end-to-end business setup services, from initial consultation and choosing the right structure to license acquisition, visa processing, bank account assistance, and ensuring compliance. We simplify the entire process for you.
What consultancy services do you offer beyond business setup?
Beyond expert business setup, Inlex provides comprehensive corporate tax solutions to help you navigate the new UAE Corporate Tax regime, as well as reliable legal consultancy services to support your business operations and growth in the UAE.
Do I need a local sponsor to start a business in Dubai Mainland?
For many activities on the Dubai Mainland, a local sponsor (UAE national holding 51% shares) is no longer required due to 100% foreign ownership reforms. For certain professional licenses or activities not yet covered, a Local Service Agent (who doesn't hold shares) may be needed. We'll clarify the exact requirement for your business.
What is Corporate Tax in the UAE and how might it affect my new business?
The UAE introduced a federal Corporate Tax at a standard rate of 9% on taxable profits exceeding AED 375,000, effective from June 2023. Free Zone companies meeting specific conditions ("Qualifying Free Zone Persons") may benefit from a 0% rate on "Qualifying Income." Our tax consultants can help you understand its implications and ensure compliance.
Can you assist with opening a corporate bank account in the UAE?
Yes, opening a corporate bank account in the UAE can be challenging. We provide expert assistance by helping you prepare the necessary documentation and guiding you through the bank's requirements to improve your chances of a successful application.
What makes Inlex different from other business setup consultants in Dubai?
Inlex combines expert-level knowledge with a personalized approach, backed by our experience since 2013. We offer transparent, comprehensive solutions covering business setup, corporate tax, and legal services, focusing on your long-term success in the UAE.
How do I get started with Inlex for my business setup needs?
Getting started is easy! Simply contact us via our website, email, or phone for an initial free consultation. We'll discuss your business goals and outline how we can best assist you in launching and growing your venture in Dubai and the UAE.