If you are looking for information about company formation in Dubai, you are not the only one who is considering to setup a business in Dubai. If truth be told Dubai is one of the most popular market for new business formations. A number of new businesses pop out in Dubai every month. Its stable economy and countless business opportunities attract investors from all over the world to invest in Dubai’s rapidly growing economy. So if you have also made your mind to test your luck in the promising market of Dubai and looking for professional business setup services in Dubai, following information will help you a great deal to setup your business smoothly and without any headaches.
Legal jurisdictions
To make things simple for you to understand, Dubai is divided into two main jurisdictions based on economic regulations Mainland and Free Zones. Companies that register in Dubai mainland jurisdictions need to be registered through Dubai Economic Department. For a company formation in DED, you need a UAE national as partner who must possess at least 51% shares of the company. Moreover, you will have to acquire an office or shop to complete your business registration. Companies that are registered in DED have to pay all the taxes and duties imposed by authorities for smooth operation of their business. If you are considering to register your company in a free zone jurisdiction such as dubai freezone company setup you will be allowed to establish it without any local partner. Moreover, you will be offered a number of options to select from for your office. You will also avail a number of tax and duty relaxation by registering your business with a free zone authority.
Legal types of Businesses
Both in Dubai mainland and free zones, you will be able to choose from three legal categories of business Sole Proprietorship, Partnership Company (Limited Liability Company, Public/Private Company. Dubai mainland laws do not allow an expat to register a sole proprietorship or public/private company, as only UAE and GCC nationals are eligible for that. In a free zone domain, you can register any of the three types of companies without involving a UAE national as a partner in it.
It is highly recommended for you to keep all these aspects in mind to decide for an option that suit your best for your business and its needs.