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  • Rahma Khaled

8 important things to keep in mind before setting up your company in Dubai

If you are considering setting up your own business or establishing your company in Dubai, there are a number of important guidelines that you should keep in mind before setting up your company. But there are a number of important guidelines that you can take into consideration, which will make it easier for you when you start establishing your business or company in the UAE. TM can also help you set up your company and pave the way for you to start your own business. In this article, we will show you the most important points to keep in mind when thinking about starting your company.

Read also: Abu Dhabi Judicial Department launches a smart application to participate in auctions

Why set up your business in Dubai?

Dubai is a good place for doing business and establishing companies, especially as it provides a suitable environment for establishing companies there, due to the huge advantages it provides to investors and businessmen.

One of the most important of these is that there are no corporate taxes as well as no personal taxes, and corporate ownership can be up to 100%.

This is in addition to the full return of capital and profits, and in the UAE in general there are no restrictions on the currency, in addition to the existence of a total exemption from import and export tax in some cases.

Read also: Foreign investments in local stocks have reached 13.7 billion dirhams since the beginning of 2022

Important things to keep in mind before setting up your company in Dubai

Here are some of the basic things to consider before setting up your company or starting your business in Dubai:

  1. If you are considering incorporating a locally registered LLC, you no longer need to have a mandatory local partner. Except for some activities, for which the new law requires a local partner.

  2. You will also need to obtain an entry visa for you and your family as well as for the employees of your company, and all types of companies allow you to obtain a visa for you and your business, provided that the requirements and conditions are met.

  3. Verify that you have all the documents related to your business before you start the procedures for registering the company and obtaining an entry visa.

  4. Before you start registering your company in any of the free zones in Dubai, check that you meet all the conditions, as well as that the place there and the space that you will rent fits your budget and requirements.

  5. Consult a consultant specialized in establishing companies and businesses, to inform you of the latest rules and requirements before entering the free zone to start a business. Tamm specialists can help you provide the best advice for your business before starting your company.

  6. Before opening a local bank account, make sure that you have the minimum required fees in your account, and that all requirements and fees are met.

  7. Make sure to deal with a bank that offers you flexibility, convenience and freedom to run your business at a reasonable price.

  8. Choose your business license category wisely, especially since your business license must match the nature of your business and activity.

Read also: The best free zones in the UAE to establish your company

Investing in the UAE

The UAE provides a lot of facilities for investors, whether they are citizens or foreigners, that help them invest in various ways in the Emirates. Thanks to the new and flexible laws provided to investors, foreigners have the right to establish companies with full ownership without the need for a UAE partner. TM can help you set up your company and help you start investing in the UAE and take advantage of the huge benefits that the country offers to investors. Where the company will take care of all the necessary procedures for the establishment of your company, as well as the conduct of transactions on your behalf, and the registration of your company in full.

Read also: Ajman Finance and Oracle sign an agreement to establish a cloud-based management system

About TM Company

TM is one of the most powerful companies that help individuals, start-ups and small companies to launch any business easily, especially since TM adopts comprehensive solutions for all your business needs, so it is the best solution to focus on your actual business.

Which will help you efficiently in managing your business in the market, and make the task of establishing the company and following up the procedures in the hands of "TM" company, so that your company is established in Dubai and the United Arab Emirates with ease and speed.

The main objective of Tawam is to facilitate the entrepreneurship process for start-ups and small companies, as it has years of experience in establishing companies in the United Arab Emirates.

You can now book an appointment with one of the experts from TM Company to answer all questions and inquiries related to the establishment of your company, so do not hesitate to submit your application and communicate with TM Company, and you can submit your application directly from here.

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