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UAE: Land of Opportunities! Business Setup in UAE
Wish to explore investment opportunities in UAE?
The UAE has established itself as the economic capital of the Arab world by providing an enabling economic and business landscape. The UAE is Western Asia’s second-largest foreign direct investment (FDI) beneficiary, according to the UN Conference on Trade and Development’s Global Investment Report (UNCTAD). The UAE is the country with the highest number of expats. UAE and its emirates always welcome foreigners to work, study, and travel.
The UAE provides incentives through tax exemptions and legislation aimed at attracting the private sector. The UAE increasingly focused on providing major investment incentives for priority sectors, as well as specific geographic areas. Some of the key benefits are as under:
- 10 Year golden Visa for investors, property owners, and highly talented individuals
- Zero Tax on Personal Income
- 1 Year ‘Digital Nomad Visa’ for Entrepreneurs, start-up founders, and remote workers
- Flexible business presence such as onshore, offshore and free zone
- 100% ownership for foreign investors
- No Minimum Capital Requirements
What are the options to establish a business in UAE?
There are two ways to establish business in UAE i.e. Physical presence and virtual presence.In physical presence, the investors get the following three options to establish their business:
- Onshore Corporate Structures
- Free Zone Corporate Structures
- Offshore Corporate Structures
In a Virtual presence, the investors are allowed to establish a business by setting-up Commercial Agencies, Distribution & Franchises.
Legal forms of Entities
Following are a few options for different types of entities to establish a business in UAE:
- Sole Proprietorship
- General Partnership
- Limited Liability Company
- Foreign Company Branch or Representative Office (Outside Free zone)
- Public Shareholding Company
- Private Shareholding Company
- Civil Companies
What type of licenses are required to establish different types of entities in UAE?
- Industrial Licence
- Commercial Licence
- Service Licence
- Logistics Licence
- Media Licence
- Education Licence
Factors differentiating Mainland from Free Zones?
The common question every prospective investor who is planning to start a business in the UAE market asks is “What is the difference between mainland and free zone companies?” The following are the major factors that differentiate between Mainland and Free Zones:
- Scope of business
- Visa Eligibility
- Company Audit
- Capital Prerequisite
- Approvals related to business setup
How MMI Can Help?
MMI has a comprehensive program to guide prospective investors with respect to investment decisions in UAE.
We are your one-stop shop to manage all your business investments in the UAE. Our expert team of professionals will assist you in business valuation, company incorporation, investment advisory, project feasibility study, and providing advisory services relating to the nature and type of entities required to set up business in UAE and/or the requirement of licenses/permits/ registration and drafting the policies such as grievance policy, HR policy, etc., required as per the prevailing laws of UAE, accounting solutions and assurance services in UAE. Contact us now to seize the global advantage.
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