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Why Setup Your Business in Dubai?

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  You can set up either an Onshore or Offshore company in Dubai , but free zones are particularly popular with foreign entrepreneurs. The incentives include zero corporation and personal tax, 100% company ownership, complete repatriation of profits and capital, no currency restrictions, and total import and export tax exemption. In addition, Dubai offers a vibrant multicultural environment. As a foreigner, it won't take long for you to feel at home in Dubai because of its cosmopolitan culture. Furthermore, Dubai has a highly skilled labour market.  

What is a business setup in Dubai?

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Have you considered establishing a business in Dubai but wished you had some guidance? Perhaps, you are wondering about the complexities involved and are contemplating changing your mind.  While it may seem daunting, it isn't as complicated and implausible as you think.  Having helped entrepreneurs like you start businesses in Dubai for over a decade, we know it's easier than you think.   It all boils down to following a set of time-tested processes and steps. This blog discusses a few key points before establishing your business in Dubai.

What is the Process of Opening a Business Bank Account in Dubai?

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  What is the Process of Opening a Business Bank Account in Dubai? The requirements for opening a business bank account in Dubai differ from one bank to the next. However, the presence of a major director or shareholder is required. In addition, it is not uncommon for attorneys to open accounts on behalf of their clients. Here are the steps to opening a corporate bank account in Dubai: 1. Get a Business License To open a bank account, you must first obtain a business license. If a company does not accept a business license, the bank will not recognize it. 2. Organize your documents The documents needed to open a corporate bank account have already been mentioned. The specific documents required will vary by bank. Some banks also require supporting documents such as contracts or invoices, a reference letter from a business partner, a business plan, and information about intended business activities. 3. Confirm Visa Requirements Check to see if the company's shareholders need a resid...

Which is the best place to do business in the UAE?

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Current market trends in the UAE and its Emirates offer enormous opportunities for foreign investors to tap into import and export goods and capitalise on the city's growing tourist traffic for an almost limitless number of potential clients and customers. The most important question for a foreigner looking to start a business in the UAE is where to begin. As you are all aware, the UAE consists of seven Emirates, namely Dubai, Abu Dhabi, Ras Al Khaimah, Sharjah, Fujairah, Ajman, and Umm Al Quwain are all part of the UAE. Every Emirate has benefits and drawbacks. You can choose your location based on your business activity and what each Emirate offers. The UAE government has transparent and business-friendly policies. However, if you want to enter the UAE business world, you will need a local sponsor who will own 51% of your company.  So, let's start determining which Emirate is best for your company. First, it is essential to note that the procedure for establishing a business ...