Dubai has become a global hub for commercial businesses in recent years. This phenomenal growth and rise has not happened in a day. Various factors attract entrepreneurs and investors to Dubai. It is strategically located between Asia, Europe, and Africa. The emirate also features tax-free salaries and corporate tax exemptions in selected trade zones.
Dubai also boasts of business-friendly laws and state-of-art infrastructure like ports, airports, etc. Consequently, it enjoys a high rank in the Ease of Doing Business category, as rated by the World Bank. All of these make Dubai’s startup culture the best fit for new-age entrepreneurs.
Despite all these strengths, company setup in Dubai may be challenging. That’s because setting up a business in the emirate involves a deeper understanding of the regulatory, legal, and licensing procedures. It can also be time-consuming. This is where an officially-certified Dubai-based business setup consultant like ConsultZone can make a difference.
Before discussing how ConsultZone can make this entrepreneurial journey easy for you, let’s briefly pinpoint the challenges of setting up a business in Dubai.
Company Setup in Dubai: Challenges
Setting up a business in Dubai requires a lot of groundwork and a few strategic moves afterwards. These include –
- Choosing the right business structure is the crucial first step. The choice is between a mainland business, an offshore entity, or a free-zone company.
- The type of license that you need depends on the nature of the business. It could be a professional, commercial, or industrial license.
- In the case of expats, adherence to immigration procedures is crucial. This involves multiple steps, including visa applications for themselves, employees, and their families.
- The difference between the legal ecosystem of Dubai and its business culture and your country of origin/residence can also give rise to various complexities.
- As a commercial entity, your business must set up a corporate bank account in Dubai. This may involve lengthy and meticulous documentation and compliances where you need help.
Company Setup in Dubai: How Can ConsultZone Simplify The Journey?
If you want to make this landscape of setting up a business in Dubai simpler and stress-free, ConsultZone can assist you. How? In the following ways –
- Customised Consultation Services
As seasoned business consultants, the team at ConsultZone understands that no two businesses are the same. They know the business goals and the operational needs of the organisation first. They also understand the target market. The team then recommends the best course of action, especially the business structure, and should be in the mainland, free zone, or offshore.
- Smooth Licensing Process
The licensing landscape of Dubai can be daunting, especially for people not well-versed in the formalities and processes. ConsultZone steps in and assists clients in applying for the right business license. They help determine the license-based on the business type. The team also applies and requires documents for the permit and liaisons with the authorities to speed up the process.
- Guidance in Deciding the Company Location
ConsultZone acts as your guide, helping you make well-informed decisions about your business’s location. Entrepreneurs can choose between a mainland company, a free-zone company, and an offshore organisation. Each type has its pros and cons, which need to be evaluated in detail before the final choice is made.
- Choosing the Best Free Zone in Dubai
ConsultZone will assist you in selecting the right free zone based on each zone’s benefits and restrictions. ConsultZone is the ‘Authorized Business Setup Channel Partner’ for IFZA, ADGM, DUQE, JAFZA, RAKEZ, DIFC, SHAMS, DMCC, KEZAD, Dubai Silicon Oasis, and Meydan FZ.
- Assistance with Visa and Immigration
Most business owners require visa and immigration assistance after they get their business license. They must apply for the establishment card backed by a visa application for themselves and their employees. Since these processes involve lengthy and complicated paperwork, the experienced team at ConsultZone helps simplify things. The team handles the entire process from beginning to end, starting with filling out the initial application. This allows you to stay focused on your core business activities.
- Assisting with Corporate Bank Account
Once the business license is received, the corporate bank account can be opened by business owners. Other documents are required for this step. Besides stringent documentation, the process also involves rigorous checks. ConsultZone has close working relationships with top banks in Dubai. The team is up-to-date with the latest requirements and information and will help you open the account smoothly.
- Legal and Compliance Services
The legal landscape of every country is different. There is a high chance that Dubai’s statutory and legal compliances differ significantly from those of your native country. Consequently, you need experts to help you address the local rules and regulations and overcome the challenges. ConsultZone’s experienced team helps your business comply with local laws so that fines and penalties can be avoided altogether. They will also assist with other routine tasks like preparing critical legal documents, drafting agreements and contracts, etc.
Why Choose ConsultZone as Your Partner for Company Setup in Dubai?
There are many advantages for businesses when ConsultZone comes on board during the pre-company formation period. These include –
- Faster and Efficient Workflows: This helps you save time, money, and effort. Every process is streamlined end-to-end. This enables you to work on your business strategies, leaving the intricate paperwork and government interactions to professionals.
- Cost-Effective: By working with experts from the word ‘go,’ you avoid unnecessary expenses. The money is well-spent on licenses, visas, and other services, with increased chances of returns.
- Expert Guidance: Consult Zone has helped set up businesses for 5000+ clients. Their knowledge, expertise, and experience are unparalleled. They can support your business with invaluable insights and custom-tailored advice for your industry.
A business in Dubai is a lucrative proposition with access to incredible opportunities for growth and success. However, company setup in Dubai can be a complex affair. With the help of specialists like ConsultZone, you can reach from point A to B hassle-free and successfully without wasting much time and money.