Business Setup - License Options in Dubai & Other Emirates
We’re here to offer you our expertise and give you the clarity you need to make the right decisions and take the right actions. Giving you all the possible License options in Dubai and the other Emirates. Our expertise is grounded in perspective, the kind that comes from a wealth of experience.
When defining the scope of your business, the considerations are rather complex. You need to take into account the core activities categorized as ‘industrial’, ‘professional’ and ‘trade/commercial’, along with a multitude of organizational support functions such as administration, management, marketing, sales and distribution, technical support, maintenance and product development.
How2uae is here to guide you on the right path to setting up your business successfully. We will help you determine the suitable business activity and ensure you have a full understanding of the different business structures and jurisdictions available. We will give you all the possible License Options in Dubai so that you can have complete transparency over your options. You can choose the activity that matches your business objectives and future business plans.
There are basically three types of license in the UAE:
The jurisdiction in which you register your company can lead to risks and opportunities and it should be an important part of every company’s strategic plan and growth. To successfully run through the wide-ranging implications of a company’s jurisdiction, you need a clear understanding of the operating environments in the UAE and a detailed knowledge of the regulations, benefits, and limitations of each type of jurisdiction.
Overall, there are three distinct types of operating environments for companies to conduct business in the UAE: on-shore, off-shore and mid-shore (or Free Zone). The regulations and applicable criteria for each operating environment are different, as well as the costs involved. If you are considering conducting business locally within the UAE, a mid-shore (Free Zone) or a UAE on-shore company structure may be the most appropriate for you.
An off-shore company would be more suitable if the scope of your business requires that you operate outside the UAE. Our consultants at How2uae can provide comprehensive advice and support your company when facing the unique set of challenges related to selecting the right jurisdiction and obtaining the correct license.
Selecting Your Location
There are seven Emirates in the UAE with Dubai being the most popular for the new business setup. Dependent upon the nature of your business the actual location is either crucial or doesn’t really matter. The area may be dependent on the sector of business and the type of license. How2uae will advise on the most appropriate location for you.
Things to consider in selecting your location are:
- Area demographics
- Nature and sector of business- an e-commerce site of vastly different to a café.
- Supply chain and storage requirements
- Competition assessment
- Budget and legal requirements
The United Arab Emirates works differently do the rest of the world. Depending on the location that you select, this will determine the type of licensing authority and permissions you will need to obtain to register your company. So it is fairly important that you do your research and take into consideration your growth plans.
Determining your Legal Structure
Depending on the chosen activity, the number of partners (shareholders), whether a local sponsor or agent is appointed, along with a few additional factors, a business in Dubai can take several legal structures. It can be a Limited Liability Company (LLC), sole establishment, partnership, branch office or representative office, FZCO or FZE. For each legal structure, there are specific requirements that must be met.
Determining the legal structure of a company is essential. This helps formulate the company vision and helps define both long and short-term goals. It also impacts on the scope of the business and can mitigate liability by limiting exposure.
At How2uae, we can utilize our experience and know-how to support clients in selecting the legal structure that will help protect their companies and assets, and put them on a sustainable growth path. Most importantly, we will not provide you with a biased consultative approach depending on our licensed partners, we will provide you all of the License Options in Dubai & the other Emirates, to help you make a decision over your setup.
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