The UAE is a tax haven and a global business hub. Choosing between a Free Zone and Mainland company is the first big decision.
Types of Companies
1. Free Zone: 100% foreign ownership, 0% tax, no currency restrictions. Best for international trade and services. Cannot trade directly within UAE mainland.
2. Mainland: Can trade anywhere in UAE and internationally. No longer requires a local sponsor for most activities.
Documents Required
- Passport Copy: For all shareholders.
- Visa Copy: If applicable.
- No Objection Certificate (NOC): If you are already employed in UAE.
The Process
1. Choose Activity: Define your business nature.
2. Select Zone: Choose a Free Zone (e.g., IFZA, DMCC) or Mainland DED.
3. Submit Documents: Apply for initial approval.
4. Pay Fees: License and visa fees.
5. Get License: Start your business.