Want to set up your business in the UAE but feeling overwhelmed? Between selecting the right jurisdiction and choosing your company structure to compiling an extensive list of documents and visiting government offices, the process can frustrate even the most patient entrepreneur.
But it doesn’t need to be so hard. Business setup consultants exist precisely to guide you through each step of the process and ensure you’re set up for success from day one.
In this blog, we’ll break down everything you need to know to start a business in UAE, from structural choices and choosing the right business activities to costs, timelines, and legal regulations you might not be aware of.
Whether you’re new to the UAE or planning to expand, you’ll find answers to every question you have about business setup in UAE here.
How do business setup services in the UAE help entrepreneurs?
Company structure and business registration
Choosing the right company structure (LLC, FZE, FZC etc.) is significant, but new entrepreneurs may be unaware of the legal implications. A business setup consultant can decide on the optimal structure, ensuring all regulatory requirements are met. They’ll also handle trade name reservations, approvals, and paperwork on your behalf.
Trade license applications and renewals
A business setup service can identify the most suitable business license based on your desired activities. They’ll prepare and handle your application on your behalf to receive swift approvals. Plus, when your license needs to be renewed, they’ll offer periodic reminders and handle that process on your behalf too.
Government relations and PRO services
PRO (Public relations officer) services handle all interactions with UAE government entities. Whether you need approvals from MOHRE (Ministry of Human Resources and Emiratisation), want to inquire about your visa status, or need to attest documents, PROs fast-track the process due to their extensive connections with government authorities.
Corporate bank account opening
A critical step for business setup in UAE is opening a corporate bank account. However, several business owners find this process challenging due to strict compliance rules. A business setup consultant can advise you on the most suitable bank accounts for your business, and assist you in preparing documents, scheduling meetings, and following up on your behalf.
Accounting and financial services
Excellent financial management is critical to your business’ success. Business setup services in UAE offer accounting and payroll services and help prepare monthly and annual financial statements, ensuring that you’ll be ready to submit accurate VAT and tax reports.
Tax compliance
Many entrepreneurs are unaware of the recent rules regarding corporate tax and VAT, which can be costly: you can be fined more than 10,000 AED for missing out on filing your returns. Business setup services can support you with tax registration, reporting, minimizing your liabilities, and ensuring you file your taxes on time.
Does everyone need business setup services in UAE?
That depends. If you’re a seasoned entrepreneur in the UAE, you might be familiar enough with the process to do it yourself. However, for those who aren’t aware of the most recent laws, a business setup service is highly recommended.
These services are most critical for investors who are new to the UAE. To this end, several business setup firms and free zones offer exclusive concierge services that cater to their every need, helping them ease into life in their new home.
At SPC Free Zone, we offer SPC Plus: a suite of extensive services that are catered to entrepreneurs who need assistance with starting a business in UAE. SPC Plus helps entrepreneurs set up shop faster by offering VIP medical tests, fast-tracking your corporate bank applications, and providing exclusive financial services that are fully compliant with the law.
FAQs
No! You can register with SPC Free Zone from anywhere with a notarized Power of Attorney. SPC Free Zone supports digital processes for entrepreneurs based outside of the UAE.
Not at all. Our SPC Plus services provide you with all the information and support you’d get from a business setup service company.
Yes, definitely. You can legally run your business with just the license, if you are already sponsored by your employer or a third party, you don’t need to apply for a visa.
That depends. For certain activities, you get your business license issued instantly. If all your documents are in order, you could get started in as few as 1-2 working days. However, certain activities may take longer to be approved.
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