Alankit.ae | Pro Services

New business setup in UAE

OVERVIEW

If you are looking for a truly dynamic business hub to set up your new company, UAE is the right place for you – and for many reasons.

UAE caters to entrepreneurs, start-ups, small businesses, and giant multinational corporations with the same levels of ease, efficiency, speed, and service. Furthermore, multiple choices are available for every aspect of business setup in UAE: budget, license, location, and premises.

Company Formation in UAE spells out several big benefits that include tax savings, good governance, superior infrastructure, premium lifestyle, and constantly developing opportunities. Another unique offering is the easy access to consumers in multiple markets; Dubai’s enviable location also results in an international and vastly multicultural workforce.

Free zone v/s Mainland

For the purpose of company registration in Dubai, you have to decide whether you want to establish your company on the mainland or in a free zone. When considering a new business setup services in Dubai, location is a key decision. Low Cost Business Setup in UAE is possible at one of Dubai’s many specialized free zones, or on the mainland (sometimes referred to as onshore).

In 1985, Dubai launched Jebel Ali Free Zone Authority (JAFZA) as the first free zone in the UAE and the Middle East. The small operation opened with only 19 companies, but within a decade became the first free zone in the world to be awarded ISO certification. The JAFZA success story became the blueprint for several free zones, each offering strategic benefits and advantages. These free zones house thousands of foreign individual and institutions who have successfully set up Branch or 100% owned company in Dubai.

In 2021, changes were made to the UAE Commercial Companies Law, allowing a foreigner, group of foreigners, or a foreign company to have 100% fully owned businesses in the UAE, subject to certain rules. The Dubai Government quickly announced 100% foreign ownership status for more than 1,000 commercial and industrial activities in the emirate.

As a result of these changes, some long-established businesses on the mainland are amending their ownership pattern while numerous others are pursuing new business formation in Dubai.

Proprietorship v/s Partnership

The legal entity of your business setup in Dubai is another important decision, and this will depend on the number of shareholders, and whether these shareholder/s are considered natural persons or legal persons in the UAE.

In broad terms, if you are an entrepreneur based in the UAE or a business owner from another part of the world with plans for providing service-related activities in the UAE market, you can set up a new company in Dubai, with a sole proprietor mainland licence. You can also register your new business in Dubai as a freelancer, free zone limited liability company (FZ LLC), free zone entity (FZE) or free zone company (FZ CO) at one of Dubai’s 30 plus free zones.

If your new business in Dubai is commercial in nature such as trading or contracting, , the ideal option on the mainland is a limited liability company (LLC), with a minimum of one and a maximum of 50 shareholders.

Companies with more than 50 shareholders are typically registered in Dubai as a private limited company (PLC). The public joint stock company (PJSC) is a more complex structure with management by a collegial body of directors acting as trustees for shareholders.

Dubai also licences branches, regional headquarters and representative offices of foreign companies, and ‘single family offices’ where all shareholders are from the same family.

Budget v/s Value

The costs associated with new business setup in Dubai UAE is based on variables such as the type of company to be incorporated, the type of license applied for, and the number of work visas required. For example, if your business has four partners and you plan to hire eight employees, visa application fees have to be paid separately for each individual.

Company setup in Dubai does not always require a minimum share capital, and is based on the size and structure of the organization. Office rental charges too vary greatly, with choices ranging from virtual spaces and hot desks on 1-year contracts, to workshops, warehouses and large offices on long-term leases.

The total cost of business setup in Dubai can be broadly divided into four components: documentation and attestations, licensing and share capital requirements, visa processing, and workspace.

Many options are extremely affordable. For solo entrepreneurs and start-ups, Dubai Economy’s Instant Licence starts at approximately AED 12,000. Likewise, some of Dubai’s free zones offer extremely affordable business set up packages. For instance, International Free Zone Authority (IFZA) in Dubai offers the IFZA Dubai Trading Licence which starts at AED 13,500.

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For any further queries or information related to the company’s services, feel free to get in touch with us. Simply fill your query related to services in the form below mentioned and our dedicated executive team will be in touch with you shortly. (Within 24 hours)

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Privacy Policy

The Privacy Policy covers how the personal information collected from the clients who register for the services and use payment gateway services will be handled, as well as the treatment of the consumer information that we acquire in the course of our business. This Policy is specific to Alankit.ae and does not apply to any other websites or Internet services that are part of or to be part of the Alankit Network.

We at Alankit are committed to protect our customers’ personal information and/or sensitive personal data and strive to maintain the privacy of your personal information. Alankit only collects the necessary personally, identifiable information in order to respond to the requests received from the clients for our customized products and services. Personally identifiable information includes, but is not limited to, first and last name, physical address, e-mail address, phone number, and any other information that itself identifies or when tied to the above information, may identify you as a specific individual.

All credit/debit cards details and personally identifiable information will NOT be stored, sold, shared, rented or leased to any third parties. The User agrees that the debit/credit card details provided by him/ her must be correct and accurate and that the User shall not use a debit/ credit card, that is not lawfully owned by him/ her or the use of which is not authorized by the lawful owner thereof.

Alankit reserves the right to amend or modify this Privacy Policy at any time, as and when the need arises. We request you to visit our website www.alankit.ae periodically for contemporary information and changes. Modifications will be effective from the date they are posted on the website.

If you believe that the company has not adhered to this privacy statement, please contact us by email at info@alankit.com, and we will use commercially reasonable efforts to promptly determine and remedy the problem, if any.

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Once the user has accepted the terms & conditions, he/she may be entitled to register and avail the services offered by the Company. The Payment Gateway service is provided to you in order to facilitate access to the services and pay the fee online.

We accept payments online using Visa and Master Card Credit/Debit Card in AED (or any other currency). Any dispute or claim arising out of or in connection with this website shall be governed and construed in accordance with the laws of UAE.

The Company will maintain the confidentiality of each transaction and will not collect or otherwise deal in commercially sensitive information, except to the extent necessary for the Services.

In no event will Alankit, be liable for any damages whatsoever arising out of the use, inability to use, or the results of use of this site, any websites linked to this site, or the materials or information contained at any or all such sites, whether based on warranty, contract, tort or any other legal theory and whether or not advised of the possibility of such damages.

Alankit reserves the right, at our sole discretion, to change, modify, add or remove portions of these Terms of Use, at any time without any prior written notice to you. It is Your responsibility to review these Terms of Use periodically for updates / changes. Your continued use of the Website following the posting of changes will mean that you accept and agree to the revisions.

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Refund Policy for Online Payment

In case the service facility is not delivered/provided as committed at the time of Payment acceptance, you may ask for a refund of the payment made. The request for refund is to be submitted along with the reasons, the same will be forwarded for review of the Management. The management will take an appropriate decision after looking into your request.

The person will not be entitled for any refund if the service request is already accepted and documentation is in process. Please note that there will be a nominal deduction of 10% on the payment made, payable towards the administration fee.

Cash refunds are not available. The refund will be processed automatically and will be credited back to the original credit/debit card or bank account from which the payment is made.

The Refund Policy will only be applicable for the online payments made, it will not include any other transactions.

All refund requests are to be submitted to alankitglobal@alankit.com. The request will be processed in 4-5 working days and the refund ( if applicable) will be made in 30 days time period.

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