People usually have many queries when they select UAE to start their company. Given that, there are a few items that are required to be explained before completing the first step in owning a business setup in UAE.
What is the difference between a Mainland and a Free Zone company?
A company found in the mainland zone is primarily a limited liability company (LLC). They can work in the country and trade internationally. There are other advantages to creating a company on the mainland. Regardless, one con is that you'll require a regional supporter who will own 51% of your company.
On the other hand, Free Zones are made by the government to sustain its objective to expand its import and export trading internationally. Industry-specific free zones in the UAE make them special as they work according to the conditions of certain industries for them to sustain those companies with what they require. A positive side of free zones companies is they offer 100% ownership.
Is it possible to set up a business in the UAE without being there?
You can decide to start an offshore company in some areas in the UAE and gain an ecommerce license Dubai. Technically, you're putting up a lawful business entity, but you will require to work from outside the country.
If you want to run a business inside the country, some may permit that you need not live in the country, but most of the time they demand a resident General Manager.
Is having a residence visa important after setting up a business in UAE?
This will majorly rely on the location you decide to start your business. In most places, the selected general manager of the company must have a residency visa and must be there in the country every six months.
Does it take longer to start a business setup in UAE?
The time taken to start a business setup in Dubai UAE relies on a lot of conditions. First, it counts on whether it will be started in the mainland or free zone. Second, it will also rely on which Emirate the mainland or free zone belongs to. Third, it will depend on how quickly you can create and submit the required papers. Fourth, it will also depend on your business setup advisor in UAE whether they are good at accomplishing their job. There are other reasons as well, and it is advised to be best discussed with your business setup consultant.
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