Why you should hire a consultant for setting up a business in Dubai?

Dubai is becoming one of the hottest business setup hubs in the world but it is not an easy task to set up a business in UAE Dubai. Entrepreneurs should always seek the help for business consultancies, business setup service providers and corporate advisory firms when setting up a business in Dubai because of the features they offer.

The following are the reasons why it is recommended to hire a business startup consultant in Dubai:

1.       Legal formalities and licensing

Before starting a business, you have to deal with all the legal formalities such as registration and licensing. As the consultancy firm is familiar with all these formalities they can ensure that your business setup process in Dubai will go smoothly and hassle-free. The business setup consultants in Dubai will help you in understanding all the risks and exposers related to any legal form or document and will also help you in expanding your horizons.

2.       Laws, regulations and ownership

You will need professional advice when setting up a business in Dubai because UAE is distinctively divided between the onshore sector and offshore sector company Registration in Dubai UAE. Onshore sector is dominated by local business interests and has restrictions on foreign ownership. Offshore sector consists of a number of free zones each with its own rules and regulations.

3.       Finding the ideal location

Deciding the market for your business is one of the important steps and business setup consultant firms pride solutions with the help of economic feasibility studies. They will help in doing background research on the location and will focus on marketing environment providing information that will help you in effective decisions.

4.       Value added services

Some of the business consultancy services offer value added services like opening of corporate bank account, license amendments, visa services, company logo registration and more which will ease your work

5.       Strategic government partnership

Government relationship will be needed while forming any type of business in Dubai and hence business consultant who already are well versed with all sorts of government agencies like Department of Economic Development (DED), Dubai Land Department (DLD), Ministry of Economy or Dubai Municipality, etc. The consultant will act as a liaison between your business and the related government body.

EBMS will help you in setting up a business in Dubai as we are experts in our field. Reach us to know more.

Dubai Mainland, Dubai Free Zones and Dubai offshore: Which jurisdiction to choose?

Dubai has grown as a business center in the past few years. Business personals and economists are eager to set up companies in Dubai. But before you step into the competition, you must know which jurisdiction will suit your company best. Your business activities and target market will decide whether you need to set up a company in Dubai in Dubai Mainland, Dubai free zone or as an offshore company.

Hence, to make you understand the differences, we have come up with a short guide in this blog.

1. Dubai Mainland company setup

A mainland company in Dubai is also known as an onshore company. Its license is provided by the Department of Economic Development (DED) of Dubai and allows the companies to do business in the local market as well as outside the United Arab Emirates without any restrictions. The advantages of company formation in Dubai Mainland[s1]  are lucrative government contracts, international presence, wider business scope, various amenities, unlimited visas and many more.

2. Dubai Free zone company setup

Dubai like the rest of the UAE has free zones for business setup. Dubai free zone authority allows the companies to do business inside the Dubai free zone. Entrepreneurs looking for tax exemptions should opt for Dubai free zones.  Dubai Free zones have several advantages for investors and businessmen alike such as tax exemptions, 100% ownership regardless of nationality and domicile, exclusion from all import and export duties and many more.

3. Dubai offshore company setup

A company that has its parent corporation in another country but has an office established in another jurisdiction is called as an offshore company. It cannot be called a branch office as no physical office is required nor they are physically present in Dubai.

One of the things that you must know is that in no way you can convert Dubai free zone offshore company into an onshore company. This is because of the different status of all the three companies and varied laws and regulations.

If you want to set up your company in any of the jurisdictions like Dubai Mainland or Dubai free zones or Dubai offshore, contact EBMS. They are the best business set up consultancy service providers with years of experience. We will guide you through the whole process and help you grow internationally.

What are the steps to set up a business in Dubai?

The right time to set up a company in Dubai is now. But most entrepreneurs do not know how to set up a business in Dubai. In this blog, we will give a short guide on the necessary steps that must be followed for the company set up in Dubai.

1. Determine your business activity

The type of business you want to set up is the factor that decides the location of your company in the Dubai free zone. Because some Dubai free zones allow only a certain type of business and the rest of the activities are restricted. Although you can later have multiple business activities listed under one single trade license you have to establish your business activity early on.

2. Choose your trade/company name

One of the most important things is to focus on your company’s name because the UAE has strict naming conventions. It should not be offensive in any way or has religious or political references. If the name of the company is after any person then the person should either be the owner of the company or a partner. And you cannot use abbreviations while naming your company after the person.

3. Complete all the paper works

Whether you start a company in Dubai or anywhere either world, you have to follow some procedures and complete the paperwork. Acquiring business license, company registration, visas, application form including the name of the company and the activities your business will have, etc. are required. Some of the free zones also require additional documents like Non-objection Certificate (NOC).

4. Opening a bank account

After you have all the necessary documents like a business license, you will be able to open a corporate bank account. UAE has local as well as international banks with many different services so that you can decide the best suitable for you.

5. Hire a business setup consultancy

Company setup in Dubai is not a meager task and hence you should always hire a business setup consultancy. EBMS is one of the best in the field. We will guide you through all the processes along with the documentation, bank account opening, finding the right location, acquiring the license, etc. We are well versed with the local government authorities and their rules and regulations and hence you won’t face any complications. 

To know more reach us today. 

What should you know before applying for Dubai Visa?

Dubai is one of the most sought places by entrepreneurs who want to do a business setup in 2020. And traveling to other countries requires a visa before the boarding of the flight. Also, sometimes you get a visa on arrival. And then there are various different types of Visas that you should know about. Acquiring a visa is not a complicated process if you have the right guidance.

In this blog, we will explain all the necessary points that you should remember before applying for Dubai Visa.

Do you need a Visa?

Residents from some selective countries like USA, UK, etc. are eligible for visa on arrival in the UAE. If you are a passport holder of any of the GCC countries then you do not need a UAE visa to visit Dubai. You just have to show your GCC national passport at immigration and you will be granted entry on the spot.

Acquiring a UAE visa grants you access to all the emirates of UAE like Dubai, Abu Dhabi, Umm AL-Quwain, etc.

What are the different types of Visas?

Which type of visa you need solely depends on the reason you are visiting Dubai. The varied types are as follows:

· Visa for visit

· Residential visa

· Dubai tourist visa

· Investor Visa

· Employment visa

· Freelance visa

· Multiple-entry visa

· Transit visa for 96-hours

· Long-term visa for 90 days or short-term visa for 30 days

· Domestic help visa

What are the essential documents?

The following are the different documents that must be presented by you i.e. the visitor while applying for Dubai Visa services:

• The first page, last page and the visa pages of your passport
• The first page, last page and the visa pages of the guarantor’s passport
• Your Emirate ID
• Your passport-sized photograph in a white background
• Your passport with a minimum validity of 6 months
• If you are a spouse then it must be mentioned in the passport.
• Sometimes you need a cash deposit of AED 5,000

How much will your Dubai Visa cost you?

The cost of acquiring the visa also depends on the type of visa you have applied for. The minimum cost that you have to pay for acquiring Dubai Visa is AED 200. If you are to cancel your Dubai Visa, it will cost you around 110 AED.

Before setting up a business in Dubai, you should understand the basic process of acquiring a Visa for Dubai UAE. EBMS will guide you through all the processes so that your business setup process goes smoothly.

Why you should hire a consultant for setting up a business in Dubai?

Dubai is becoming one of the hottest business setup hubs in the world but it is not an easy task to set up a business in UAE Dubai. Entrepreneurs should always seek the help for business consultancies, business setup service providers and corporate advisory firms when setting up a business in Dubai because of the features they offer.

The following are the reasons why it is recommended to hire a business startup consultant in Dubai:

1.       Legal formalities and licensing

Before starting a business, you have to deal with all the legal formalities such as registration and licensing. As the consultancy firm is familiar with all these formalities they can ensure that your business setup process in Dubai will go smoothly and hassle-free. The business setup consultants in Dubai will help you in understanding all the risks and exposers related to any legal form or document and will also help you in expanding your horizons.

2.       Laws, regulations and ownership

You will need professional advice when setting up a business in Dubai because UAE is distinctively divided between the onshore sector and offshore sector company Registration in Dubai UAE. Onshore sector is dominated by local business interests and has restrictions on foreign ownership. Offshore sector consists of a number of free zones each with its own rules and regulations.

3.       Finding the ideal location

Deciding the market for your business is one of the important steps and business setup consultant firms pride solutions with the help of economic feasibility studies. They will help in doing background research on the location and will focus on marketing environment providing information that will help you in effective decisions.

4.       Value added services

Some of the business consultancy services offer value added services like opening of corporate bank account, license amendments, visa services, company logo registration and more which will ease your work

5.       Strategic government partnership

Government relationship will be needed while forming any type of business in Dubai and hence business consultant who already are well versed with all sorts of government agencies like Department of Economic Development (DED), Dubai Land Department (DLD), Ministry of Economy or Dubai Municipality, etc. The consultant will act as a liaison between your business and the related government body.

EBMS will help you in setting up a business in Dubai as we are experts in our field. Reach us to know more.