Small business setup in United Arab Emirates
United Arab Emirates offers a favorable environment for small businesses, especially in finance, real estate, and technology. We specialize in supporting both start-ups and growing small businesses in the region. Our expertise in company formation and knowledge of the local market allows us to help you with the necessary documentation and procedures to establish your small enterprise in the UAE. Let’s talk about the benefits of starting a small business in the UAE and how our tailored solutions can help ensure your success.
Formalities and procedure
Registering a small business in the United Arab Emirates requires going through a series of steps that can typically be finished within a few weeks.
Choose a business name
The name of the business should be original and not already in use. You can verify the availability of a name on the United Arab Emirates Trade Registry’s official website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your small business. To assist you in making a knowledgeable choice that fits your individual needs and future goals, we offer expert advice on Limited Liability Company (LLC), Private Shareholding Company (PSC), Public Shareholding Company (PSC), Branch Office, Holding Company.
Set up legal address
It is crucial to have a valid address when launching a business, as it acts as the primary point of contact for government agencies, legal entities, and significant business communication. Selecting a legal address that complies with local regulations and aligns with your business needs is essential.
Get the necessary paperwork ready
Our team of professionals will assist you in developing precise and comprehensive documentation tailored to your company’s structure and objectives. We ensure compliance with all legal requirements and will manage the filing procedure on your behalf.
Open a bank account
Setting up a corporate bank account is essential for starting a business in the United Arab Emirates. We will guide you through the process, making sure you meet all the requirements and assist you in opening a bank account with a respected financial institution in the UAE for handling your small business transactions.
Company registration
We take care of the registration process with government agencies such as the Trade and Companies Register and tax authorities, saving you from the administrative hassle. This ensures that your small business is legally recognized and compliant from the very beginning.
Setup accounting
In order to effectively start a small business, it is crucial to keep precise financial records. Our accounting professionals can assist in implementing efficient accounting and bookkeeping methods that adhere to the regulations of the United Arab Emirates.
Small business examples
Small-sized businesses exist in various industries and sectors, each having unique requirements. Here are a few examples of small-sized businesses:
- Business support: Smaller consultancies, individual service providers
- DIY retail: Locally-owned hardware shops, small home improvement stores
- Education: Tutoring services, small language schools, independent trainers
- Farming: Smaller, family-run farms
- Fitness: Individual trainers, small local gyms or studios
- Food and beverage retail: Independent grocery stores, coffee shops, bakeries
- Hotels and motels: Smaller, independent hotels or motels
- Laboratory: Smaller independent testing labs
- Marketing: Freelance marketers, small local agencies
- Media: Independent content creators, niche publications, small production companies
- Printing: Small local print shops
- Real-estate: Individual realtors, very small brokerage firms
- Restaurant: Independent, non-chain restaurants
Benefits of establishing a small business in United Arab Emirates
The United Arab Emirates is an attractive option for setting up small businesses, as it provides numerous benefits such as:
Strategic location
The UAE provides a welcoming environment for businesses and prospects in finance, real estate, and technology. Due to its strategic position as a entryway to the Middle East, excellent infrastructure, and beneficial government policies, the UAE offers many benefits for companies seeking to have a presence in one of the top business centers globally.
Favorable tax regime
The UAE does not have a federal corporate income tax, although some emirates may have local taxes. Tax incentives are available in free zones, making the country an appealing choice for global businesses and investors. The corporate income tax rate in the country is 9%.
Banking
The banking industry in the UAE, recognized for its creativity and global connections, offers chances for a variety of financial services, wealth management, and investment in a vibrant and successful business setting.
Our small business setup solutions
We understand how valuable your time and resources are, which is why we offer two convenient choices to make the company formation process easier.
Business formation online
By making use of the online platform offered by the United Arab Emirates, individuals have the opportunity to start and finalize the process of setting up a business from any location worldwide. The option to track advancement, deliver necessary paperwork, and access our services through safe digital platforms guarantees a hassle-free and user-friendly experience.
Business formation remotely
If you would like a more hands-off approach, we can manage all the paperwork for you. Our team of experts will handle all the necessary formalities, complete the required paperwork, and communicate with the appropriate authorities on your behalf to provide you with peace of mind.
Contact us today and launch your small business success
Get in touch today to schedule a consultation and begin pursuing your business goals. Let’s start this journey together.