Dubai is a country that is friendly to visitors. Dubai is wonderful for tourists, as well as foreign investors and other business people. Starting a business in Dubai can be very beneficial, as the location of the nation is at the primary crossroads of Europe, Asia, and Africa. There is also access to a very talented workforce and the allure of working in a nation that has limited to no taxation.
Doing Business in Dubai
When contemplating opening a business in Dubai, one should become familiar with the types of businesses that can be opened in Dubai, as well as any other matters pertaining to the business launch process. There are two primary types of businesses that foreign investors and entrepreneurs are permitted to set up within Dubai. These are either a Free Zone or a mainland company, which is also called an LLC.
For a small business, a mainland company (or LLC) is often the most common choice and the simplest of the options. With an LLC, the foreign investor owns 49 percent of the business. At least 51 percent ownership is obtained by an Emirate national or a company that is fully owned by an Emirate national. Emirate partners are required to show their “family” book as proof of heritage for this process. Through an LLC, the foreign investor has the opportunity to obtain residence visas for themselves in the UAE. Family members of the foreign investor and a certain number of employees of the company are also given the opportunity to obtain UAE residence through this process.
There are a number of consultancies within the United Arab Emirates that are focused on business setup. These consultancies can help with paperwork and logistics within the country. These consultancies are commonly the most effective and efficient way to get connected with an Emirati sponsor. Most of these consultancies are likely to have a list of Emirates that they are already working with. In many cases, you can pay an Emirate partner an annual fee in exchange for a sponsorship. This fee may vary based on the sponsor. In general, the partner does not ask for a percentage of the company’s profits.
They also rarely get involved in the business decisions, so the result is that you pay an annual sponsorship fee, but you get to keep 100 percent of your profits and you have a silent partner.
There are other requirements for setting up an LLC in Dubai, including having a physical office. This is important to know when factoring costs and planning everything out. The office requirement will continue to exist, even if you decide that you want to work from your home country. If you do decide to work from home, a consultancy may be able to help you find a small office space to lease that meets licensing requirements yet limits how much you are financially investing in this space.
If you opt to not set up an LLC, foreign entrepreneurs also have the other option, which is to set up a company in one of the country’s Free Zones. Free Zone companies are often an attractive option for foreign investors. This is the case because it does not require that the business partner with an Emirate sponsor. You own 100 percent of your business. By setting up a Free Zone company, you have the option to obtain residence visas for yourself, your family members and a number of employees. The Free Zones have special taxes, customs, and set guidelines that rule over that zone. The Free Zones are governed by their own regulations with regard to business. Businesses that set up in a Free Zone receive 100 percent import and export tax exemptions, which is a wonderful option for any business that involves the movement of goods in and out of Dubai. There are close to 40 Free zones.
Using Dubai Toll Free Numbers in Business
For anyone considering doing business in Dubai, purchasing Dubai virtual numbers should be one of the first steps in the process of expanding into Dubai. Using Dubai toll free numbers, whether you are running your business from inside of Dubai or from your home country, can help to make processes much simpler. Beginning with conversations with any consultancy you may wish to employ, Dubai toll free numbers are the easiest and most efficient way to communicate the many details and decisions that need to be communicated.
Dubai Toll Free Numbers from United World Telecom
United World Telecom offers Dubai toll free numbers and many features to work with these numbers. United World Telecom has been an expert in the area of global communications solutions for decades and they can help you on your path to increased growth. Call United World Telecom today to purchase Dubai toll free numbers for your business.