FAQ

1. How long does it take to set up a company in Dubai?

The process can take anywhere from 3 to 10 business days, depending on the type of business and necessary approvals.

2. What is the minimum share capital requirement to start a company?

It varies depending on the Free Zone or Mainland requirements. Some Free Zones have no minimum capital requirement, while others may require amounts ranging from AED 10,000 to AED 300,000.

3. Do I need to rent an office to start a business in Dubai?

For Mainland companies, a physical office is mandatory. In Free Zones, you may be eligible for Flexi-desks or virtual offices depending on the Free Zone rules.

4. Is auditing mandatory for businesses in Dubai?

Free Zone companies generally require annual audits, depending on the Free Zone. Mainland companies may also need auditing, especially for certain activities or company sizes.

5. How do I open a corporate bank account in Dubai?

You need a trade license, passport copies, residency visas of shareholders, and additional documentation based on the bankโ€™s requirements.

6. Can I relocate or expand my company after it has been set up?

Yes, Mainland and Free Zone companies can expand to other Emirates or open additional branches, but they need approvals and may require amendments to their licenses.

7. What are the steps to close a business in Dubai?

Submit an application for license cancellation, clear all outstanding debts and legal obligations, settle employee dues, and submit final audit reports (if applicable).

8. What support services does your company provide?

Assistance with company registration, bank account opening, visa processing, PRO services, MOFA attestation, document translation, accounting, auditing, and compliance, will registration services, etc.

9. Do I need to comply with UAE labor laws?

Yes, all companies must comply with the UAE Labor Law, which governs employment contracts, salaries, working hours, leave entitlements, and employee benefits.

10. Can I own property in Dubai under my companyโ€™s name?

Free Zone companies and Mainland companies can own property in
designated areas. Offshore companies may also own property, but with
some restrictions.

11. What are the visa options for business owners and employees?

Business owners and employees can apply for a residency visa through company formation. The number of visas depends on office space and business structure.

12. Can I change my company structure after incorporation?

Yes, you can change your company structure by submitting an amendment to the relevant authorities. This includes converting from a Free Zone to Mainland or changing the business activities.

13. Do I need a NOC (No Objection Certificate) to start a business in Dubai?

If you are on an employment visa, you may need a NOC from your current employer to start a new business. However, it depends on the Free Zone and business type.

14. What are the rules for hiring employees in a Free Zone company?

Each Free Zone has specific regulations regarding employee visas. Usually, you will be allocated a certain number of employee visas based on your office space.

15. Can my business sponsor family members for residency?

Yes, business owners and employees can sponsor their immediate family members (spouse, children, parents) for a UAE residency visa, subject to meeting income and accommodation requirements.

16. How do I renew my business license in Dubai?

Business licenses need to be renewed annually. The process involves clearing any outstanding government fees, submitting required documentation, and updating your trade license.

17. Can I apply for multiple business activities under one trade license?

Yes, itโ€™s possible to apply for multiple activities under one trade license. However, some business activities may require special approvals or licenses from the concerned authorities.

18. What is the procedure to obtain a visa through a company setup?

After the company license is issued, the company can sponsor work visas. The process includes applying for an entry permit, completing a medical test, Emirates ID application, and residency stamping.

19. Can I operate an e-commerce business in Dubai?

Yes, you can start an e-commerce business with the appropriate license, typically a commercial license for trading activities. Free Zones like Dubai CommerCity cater specifically to e-commerce ventures.

20. What is the process of opening a branch or representative office in Dubai?

You can set up a branch or representative office of a foreign company in Dubai. The process involves submitting specific documents like the parent companyโ€™s incorporation certificate, board resolution, and proof of financial standing.

21. Can I change the Free Zone after setting up my business?

Yes, but it requires closing the company in the current Free Zone and establishing a new company in the desired Free Zone. Each Free Zone has its own rules for the transfer of assets, employees, and business activities.

22. How can I apply for the UAE Golden Visa as a business owner?

Business owners and entrepreneurs may qualify for the UAE Golden Visa, which grants long-term residency. The eligibility requirements typically include substantial investment in the UAE or setting up a company in a qualifying sector.

23. How do I ensure my business complies with UAE laws and regulations?

Regularly update yourself on changes in UAE business laws and hire professional consultants for auditing, accounting, and legal services to ensure full compliance with all regulations, including VAT, ESR, and UBO requirements.

25. What is the benefit of obtaining a dual license for my business?

Some Free Zones allow companies to obtain a dual license to operate on the Mainland without having to open a separate Mainland company. This allows flexibility in trading within the UAE.

24. How can I secure investment or funding for my business in Dubai?

Dubai has several avenues for funding, including venture capital firms, angel investors, and government-backed incubators. You can also apply for loans from UAE banks, provided you meet their requirements.