Methods of Company Formation and Settlement in UAE Gulf Dubai

The United Arab Emirates has developed a jurisdictional reputation in recent years that is great for business. Although oil and gas dominates commercial activities in the UAE, nowadays almost every type of activity can operate successfully within the country. Tourism, healthcare, information technology, aviation, transport are also highly successful business areas. There are things that every entrepreneur should know when starting a business in Dubai, UAE. First of all, this jurisdiction offers a really favourable environment for business. We are talking about the country's political situation, economic development, infrastructure, banking facilities and other advantages. For different types of businesses, these reasons can be very important. Also, the UAE has a business freedom score of 79.6 per cent, which makes the Emirates a very favourable jurisdiction.

There is a very important point to consider when establishing your company in the United Arab Emirates. It consists of seven Emirates with different free trade zones, customs rules, and investment climates. Different regions have different controlling authorities, trade requirements, and documentation. You should examine these aspects in detail to choose the best Emirate for your company and to decide which type of entity is most suitable for you.

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How to Get a Residence Permit in Dubai?

The positive aspect is that you do not need to obtain a residence permit in UAE Dubai to manage your business. Founders must be present to register and apply to open a bank account, but management can then be easily delegated to employees. However, if you wish to obtain a residence permit, you can apply to the immigration service. Remember that each region has its own policy statement and visa issues, so it is better to learn more about the details first. Basically, residence visas will be valid for three years and will need to be extended thereafter.

Depending on the type of business you choose, there is a long list of requirements and restrictions that may apply to your newly established company. For example, gambling companies are restricted in the UAE, and if you want to provide any insurance services, you will face a wide range of restrictions from the Dubai International Financial Centre Free Zone. The positive aspect is that you do not need to obtain a residence permit in UAE Dubai to manage your business. Founders must be present to register and apply to open a bank account, but management can then be easily delegated to employees. However, if you want to get a residence permit, you can apply to the immigration service. Remember that each region has its own policy statement and visa issues, so it is better to learn more about the details first. Basically, residence visas will be valid for three years and will need to be extended thereafter.

Get Information for a Residence Permit in Dubai

Methods of Company Formation and Settlement in UAE Gulf Dubai

"The UAE Dubai tax policy is different for local and foreign companies. However, the rate is reasonable for both. The most taxed business areas are gas and oil, while other activities are subject to a 10 per cent annual tax and a 5 per cent employer tax. This makes the UAE's tax policy favourable for new businesses."