Virtual Accountants LLC is Dubai's leading business formation company providing a full range of services to help entrepreneurs and investors incorporate and grow their business in Dubai. With years of experience and expertise in this field, Virtual Accountants LLC strives to provide quality services and solutions that meet the unique needs and requirements of our clients.
At Virtual Accountants LLC, we understand that every business is unique, which is why we offer customized solutions designed to meet your specific needs and requirements. Our team of experienced professionals work closely with you to understand your business objectives and help you select the corporate structure and legal framework that best suits your business.
Types of businesses that can be incorporated in Dubai.
There are different types of companies that can be incorporated in Dubai, each with their own legal and regulatory requirements. Some of the most common types are:
Free Zone Company:
A Free Zone company is a legal entity that can be incorporated into one of Dubai's many Free Zones. These Zones offer 100% foreign-ownership, tax-free, and other benefits.
Mainland Company:
A mainland company is a legal entity incorporated in the mainland region of Dubai. Now these businesses are also owned 100% but, in some cases, require a local agent and have specific legal and regulatory requirements that must be met.
Offshore Company:
An offshore company is a legal entity incorporated outside the United Arab Emirates but with a registered office in Dubai. These companies are not permitted to do business in the United Arab Emirates but offer tax and holding companies benefits.
Steps to start a business in Dubai.
The steps and procedure for setting up a business in Dubai slighly varies from Free Zone to Free Zone and also in Mainland. Below are the general steps for business set-up in Dubai after you selected the business activity:
Decide one of Free Zones or Mainland:
Selecting the right Free Zone is important, as this can have a crucial impact on your business operations. There are many factors that can influence your choice of Free Zone, such as the type of business activity, legal structure, location, cost, and the number of visas required.
Select Company Type / Legal structure:
When setting up a business in Dubai, you must choose the type of company that best fits your requirements. The most frequent forms of corporations in Dubai are Limited liability company, Sole Establishment, Branch of a Foreign Company, Free Zone Company, and Public Shareholding Company.
Choose a business name:
Choose a name for your business and make sure it follows naming conventions. Normally while registering business, you will have to provide three names in the order of priority to registration authority. please note for naming a business in mainland the rules are more strict than the Free Zones.
Obtain a Business License:
Apply for a business license with the DED or the relevant Free Zone authority. It should be noted that the criteria and procedures for acquiring a business license will differ based on the type of business and area.
Rental Office Space:
It is crucial to make sure the office space you rent adheres with all applicable rules and regulations. For Mainland the required minimum office space is 200 square feet. For the Free Zones, the requirement varies from Free Zone to Free Zone and minimum requirement is flexi desk which is in most of the cases arranged by the respective Free Zone.
Apply for visas and residence permits:
Apply for visas and residence permits for yourself and all your employees. It is vital for your company to follow all visa and residence permit requirements. Some Free Zone business license has limitation on the number of Visa and quota is allowed as per the category of license.
Opening of Bank account:
To conduct business activities that involve financial transactions it is necessary to have a corporate bank account so that business transactions could be carried out smoothly.
How can we help you in business setup?
Virtual Accountants LLC is your one-stop solution when it comes to setting up your business in Dubai, United Arab Emirates. Whether you want to incorporate your business in mainland Dubai, offshore or in a Free Zone, Virtual Accountants LLC can help you meet legal and regulatory requirements and ensure a smooth and hassle-free process.
Contact us today to learn more about our services and how you can establish and grow your business in one of the world's most dynamic and innovative business hubs.
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