All You Need to Know About Setting Up and Operating a Business in the UAE
Starting a business in the UAE can be a rewarding experience, given its strategic location, business-friendly regulations, and thriving economy. This guide provides comprehensive information to help you navigate the process of setting up and operating your business in the UAE.
Ensure you have the time, focus, and resources to get your business moving.
Articulate your unique selling points clearly to stand out in the market.
Define clear and realistic goals to drive your business growth.
Conduct market research to understand your audience and competitors.
Decide between working from home, renting an office, or using a coworking space.
Identify your weak areas and seek assistance accordingly.
Research suitable funding options like VC, loans, grants, and sponsorship.
Have a growth plan to ensure long-term stability.
Hire the right people to support your growing business.
If you’re ready, take the plunge and start your business.
Understanding the different setup options
Explore the various business setup options in the UAE, including Mainland, Free Zone, and Offshore. Each offers unique benefits for conducting local and international business, from government contract eligibility to tax exemptions.
. Freedom to trade across the UAE
. Ability to tender bids for government contracts
. Greater scope for business activities
. Full foreign ownership
. Freedom to trade across the UAE
. Ability to tender bids for government contracts
. Greater scope for business activities
. Full foreign ownership
. Greater financial privacy and asset protection
. Easy incorporation and flexible corporate structure
. Reduced tax burden
Explore the various legal structures to find the best fit for your UAE business setup.
Discover the different legal structures available for setting up your business in the UAE, including sole proprietorships, LLCs, and joint ventures. Each structure offers unique advantages to suit your specific business needs and goals.
One shareholder with full control and share of profits.
Composed of 2-50 shareholders, with 100% foreign ownership allowed for certain activities.
Includes general and limited partners, with specific roles and liabilities.
Agreement between natural persons or legal entities for specific objectives.
Registration in certain industries such as arts, education, media, and tech.
Formed by at least three shareholders with a capital minimum of AED 2,000,000.
Corporate entity with a capital minimum of AED 10,000,000, shares transferable.
Incorporated within special economic zones, benefiting from various exemptions.
Extension of a parent company, free to trade independently but not a separate legal entity.
Setting up a business in the UAE involves a straightforward process with clear timelines and required documentation. This section guides you through the essential steps, from choosing your setup and business structure to submitting your license application and opening a bank account.
Determine the best setup for your business needs.
Select the appropriate legal structure for your business.
Ensure the name complies with UAE naming conventions.
Apply directly to the DED or relevant free zone authority.
Rent or lease an appropriate space for your business.
Research and select the best bank for your business needs.
Managing a business’s finances is tricky and not always given due attention. But finance is the backbone of every business, so getting it right is crucial.
As part of Set Hub’s Financial Support Services, we offer our license holders the option to select financial services from our partners- local banks, international banks, exchange houses, fintech service providers and receive documentation assistance from our affiliates in relation to their business bank accounts.
Our dedicated team will assist you in starting your application with the bank.
We will upload the required documents to the bank to process your application.
Your application will undergo a thorough screening and review by the bank's compliance department.
Once approved, your bank account will be activated within 24 hours. Additionally, an Account Cheque Book and Debit Card will be promptly issued for your convenience.
Spaces that will make thrive
Finding the right workspace is crucial for your business success in the UAE. You can choose from various options, including coworking spaces, traditional office spaces, serviced offices, and virtual offices.
Ideal for startups and freelancers, these shared workspaces offer amenities such as desks, Wi-Fi, reception cover, and meeting rooms. Popular providers include WeWork, The Executive Lounge, and The Co-Work.
These are standalone buildings or units available for long-term lease, typically with a minimum lease of one year, providing a permanent base for your operations.
Fully furnished and equipped offices available on a flexible basis, often with the option to rent by the hour, day, or month. They include additional services like reception and mail handling.
Offer services such as mail handling, call forwarding, and address use without the need for a physical office. Ideal for businesses that require a professional address without a full-time office.
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