When you’re considering the industries available for new businesses in the UAE, consider the following issues:

Industry Selection

Before diving into the setup process, it’s crucial to determine your business’s nature. In the UAE, specific locations allow only certain business activities, so choose wisely to avoid operational limitations.

Free Zone Specialization

Free zones in Dubai cater to various industries like media, finance, and technology. For instance, Dubai Media City hosts global media giants like BBC and CNN, while Dubai International Financial Centre (DIFC) accommodates major financial institutions.

Expanded Opportunities

Some sector-specific free zones now permit broader business activities beyond their initial scope, offering expanded opportunities for entrepreneurs.

Proximity Benefits

Consider setting up near other businesses in your sector for collaboration and resource-sharing. Assess transport links, especially if import-export is crucial; choose free zones near airports or ports for logistical advantages.

Thriving Sectors

The UAE boasts numerous thriving business sectors beyond oil, encouraging diverse ventures that align with the nation’s vision for economic diversification.

Decide whether you’re going to set up your company in the mainland or in one of the free zones. Should you choose the free zone option, you can leverage benefits such as 0% tax rates, 100% company ownership, and the ability to send all your profits to your home country.

However, if you plan to trade directly with international and local markets, you should opt for the Mainland option. At Dasa Consulting, we provide our clients with a local nominated shareholder to comply with Dubai’s ownership rules.

Before finalizing your company name in the UAE, it’s crucial to ensure its compliance with strict naming regulations. Offensive language and references to religious, sectarian, or political groups like Allah, Him, FBI, or Mafia are strictly prohibited. Additionally, if you opt to name your business after an individual, they must be a legitimate partner or owner, using their full legal name.

To register your company in the UAE, start by filling out an application form with your chosen company name and business activity. Attach copies of shareholders’ passports. Depending on the free zone, you might need extra documents like a business plan or a Non-Objection Certificate (NOC) from your sponsor.

Mainland companies must meet specific capital requirements — outlined in a Memorandum of Association.

After preparing your paperwork, contact the Department of Economic Development in your emirate. Submit your documents and register your business activity and trade name. Links to the relevant offices can be found on the UAE government website.

Once processed, you’ll receive your license. But this process can be long and complex. To make sure your plans aren’t delayed by needless errors or delays, allow Dasa Consulting to incorporate your new business — while you plan for the future.

After receiving your processed paperwork, you’ll have all the necessary documentation to open your corporate bank account.

There are several banks to choose from in Dubai that cater to both local and international clientele, including prominent names like Emirates NBD, Abu Dhabi Commercial Bank, and Commercial Bank of Dubai.

Additionally, you’ll find institutions like Noor Bank, Emirates Islamic, Mashreq, RAKBANK, and Ajman Bank. For global banking services, options such as HSBC, Citibank, and Barclays are available. The selection of the right bank hinges upon your specific business needs and preferences.

You must have a UAE business bank account before you begin trading in the country. But we’ll be there to guide you through the entire process.

Securing a visa marks the pivotal final step in initiating a business in Dubai. Alongside your own visa application, numerous free zones facilitate submissions for employees and dependents. The allocated number of applications hinges on the chosen free zone.

For visas concerning spouses, children, household helpers, or chauffeurs, seeking expert guidance from Dasa Consulting ensures your application will be compliant with all the rules and regulations.

Once the prerequisites are met, the process involves four straightforward stages: Obtaining an entry permit, adjusting your status, a medical fitness assessment, and registering for an Emirates ID.

Mainland companies face no restrictions on visa applications, while free zone entities encounter varying limitations across different free zones. Check this guide on Dubai free zone visas.