How do I choose an office space for setting up a business in Free Zone?

You can either buy or lease office spaces in free zones. Office requirements depend on the number of employees and type of business activity of your company. If you wish to set up your business in DMCC , there is a flexi desk of 20-30 sq. m., a flexi office of 200-265 sq. m., or […]

Please provide some insights on securing a business license for Free Zone?

The type of business license you will apply for depends on the primary activity of your business. Types of business activities you can conduct in a Free Zone depends on the Free Zone itself. For example, twofour54 focusses on Media and Broadcasting. In DMCC, there are about 600 business activities to choose from. This includes sectors […]

How do I choose a trade name for starting a business in Free Zone?

The free zone authority or the respective Department of Economic Development will have a set of rules on the permitted trade names and whether the intended name has already been registered. For example: twofour54 does not allow ‘Abu Dhabi’ and/or ‘United Arab Emirates’ in the name of the FZ-LLC or the branch. DMCCs too have a […]

What is the Capital requirement for a business set up in Freezones?

It depends from one Free Zone to another. There is no minimum capital requirement at twofour54 Abu Dhabi (this free zone is named after the geographical co-ordinates of Abu Dhabi (24° N, 54° E), catering to the demands of the region’s media industry. BBC, CNN, FOX Television, National Geographic Channels, Sky News Arabia, Cartoon Network, Ubisoft, […]

What are some of the key steps to start a business?

Determine the type of legal entity Choose a trade name Apply for a business license Choose an office space Get pre-approvals, register your business and get your license Freezone Company Formation Advisory Services   Instant License

What are some advantages of starting a business in the Freezone?

Establishing a business in the freezone allows 100 per cent foreign national ownership and there is no need of a local sponsor or local service agent. Waiver of corporate taxes (time-bound and renewable for further periods) Freezone companies are exempted from personal taxes and import & export taxes. Import- Export duty of 5% on the […]

What is the difference between starting a business in Mainland and Freezone?

The main differences between an LLC and a free zone company (FZC) in the UAE are the mandatory requirements to open a business organization and the limitations of the business activities that are permitted. The limitation is that a free zone company can undertake business activities inside the free zone area and outside the UAE, […]

What are the steps to getting a business license?

Businesses that: conduct insurance activities need to obtain the approval of Ministry of Economy conduct transport activities should obtain the approval of Ministry of Interior offer legal consultancies must obtain the approval of Ministry of Justice sell firefighting equipment will need the approval of Civil Defense. After completing the steps mentioned above, a business entity […]

Are approvals mandatory for running a business in Mainland apart from DED?

Yes. In some cases, approvals of bodies other than the DEDs are required. Businesses that: conduct insurance activities need to obtain the approval of Ministry of Economy conduct transport activities should obtain the approval of Ministry of Interior offer legal consultancies must obtain the approval of Ministry of Justice sell firefighting equipment will need the […]

What are the mandatory requirements for choosing a location for a business?

It is mandatory that all businesses should have a physical address. The chosen location must comply with the requirements set out by the Department of Economic Development in the respective emirate and the zoning regulations of the local municipalities. In Dubai, the business should have a rent agreement (MoU) for the proposed location of your […]

Is there any need for extra approval for foreign investors to start a business?

Yes. Foreign investors must obtain the approval of the General Directorate of Residency and Foreigners’ Affairs before getting the initial approval. Please be advised that the initial approval does not allow a foreign investor to practice the activity, unless a commercial license is duly issued, as a last step of the process. Advisory Services Mainland […]

Can you provide some information on obtaining initial approval?

After determining the activity and the legal form and registering the trade name, you need to obtain the initial approval certificate. It is only after seeking the initial approval that you can proceed for additional approvals of authorities other than the DEDs which is required in case of certain business/trading activities. Mainland Company Formation   […]

Can you give some information on Trade name registration?

A trade name differentiates one business from another. It also reflects the nature and the form of the business. The following are some criteria for DED to approve your trade name: must not violate the public morals or the public order of the country must be followed by the legal form of the company, for […]

What are the legal forms of business in the Mainland?

The following are the company types: Joint Liability Company Simple Commandite Company Limited liability Company (LLC) Public Joint Stock Company (PJSC) Private Joint Stock Company (PrJSC) Other types of companies: Sole establishment Civil company Local Company Branch Foreign Company Branch GCC Company Branch Free zone company branch Foreign companies’ representative offices Mainland Company Formation Advisory […]

What are the legal forms of the company that can be registered in Mainland?

Joint Liability Company – A joint liability company can conduct only commercial and industrial activities. Limited Liability Company (LLC) – Limited Liability Companies (LLCs) have permissions to conduct any industrial, commercial, professional and tourism business. Public Joint Stock Company – A public joint stock company can practice any industrial, commercial or professional business activities. Private […]

What are the Business type categories to start a business in the Mainland?

Commercial – Commercial activities are the activities that require a capital. Some examples of this can be wholesale and retail trade, construction, transportation, communication, financial mediation, real estate and leasing. Professional – Professional activities are the activities that depend on mental and physical effort. Examples include agriculture, fishing, education, health, social work and community, social […]

What are the important steps to setup a business on the mainland?

Select the type of business Determine the legal form of business Register a trade name Obtain initial approval Choose a location for your business Obtain approvals of relevant authorities Get your business license Secure a Chamber membership Advisory Services Mainland Company Formation

Can a foreign company open a branch in the UAE?

Yes, a foreign company can open a branch in the UAE after maintaining a certified letter from the parent company and getting the approval of the UAE’s Ministry of Economy. Contact us to know more. Mainland Company Formation

What type of companies requires a Local Service Agent (LSA)?

A professional type sole establishment Civil company with no engineering activity Foreign Company Branch Please note that a GCC national can be a partner in any form of business except: A representative office Simple commandite companies. Instant License Mainland Company Formation Mainland Company Formation

What are the types of businesses that require a UAE national a partner?

LLC companies Public Joint Stock Companies (PJSC) – it must have at least 5 founding members who are UAE nationals, owning between 30 per cent and 70 per cent of the capital shares PrJSC Companies Civil company with an engineering activity Mainland Company Formation Advisory Services

What are some of the cost involved in setting up a business in Mainland UAE?

Setting up a business involves raising capital investment, paying for licenses and employee visas. Also, the cost depends on: The nature of the activity and license required such as whether the business is commercial, industrial or service-oriented in nature. What is the legal form of the company such as whether it is an establishment, a […]

What are some of the Benefits of setting up a business on the mainland?

Setting up a business in mainland gives you many benefits and some of those are: Flexibility to do business in any part of the UAE No limitation on the number of visas More business activities available for licensing No business or personal taxes. Instant License Advisory Services Mainland Company Formation