Are you about to
set up your company in Dubai? As entrepreneurs, you naturally want this business to succeed! The good news is that if you take the time to put together a solid plan, everything should go smoothly.
In this article, we offer you
3 tips for successfully setting up your company in Dubai, in the United Arab Emirates.
Get support from a specialist firm
You can choose to get support from a
corporate service provider for setting up and managing your company in Dubai. Of course, this is not mandatory: you can handle all the procedures yourself.
However, it is strongly recommended that you seek support from a specialist firm when deciding to
start a business in the United Arab Emirates. Indeed, everything is very different in Dubai from what we are used to: how to set up a company, open a bank account and, more generally, do business. This is not surprising, since the laws are completely different from those in Europe. There may also be a language barrier, even though English is widely used in the United Arab Emirates.
If you are an expert in doing business in Dubai, you may not necessarily need support from a
corporate service provider. But if that is not the case, we can only recommend it so that
your company can be set up in Dubai properly.
Opt for setting up a free-zone company rather than an offshore company
Dubai is not a
tax haven. Naturally, foreign entrepreneurs can benefit from certain advantages, particularly tax-related ones, by choosing to establish themselves in the United Arab Emirates. However, there are many checks in Dubai, just as there are throughout the United Arab Emirates.
Indeed, in this country, the concept of
economic substance is crucial. Therefore, setting up an offshore company in Dubai is really not recommended: non-resident companies lacking transparency are simply illegal in the United Arab Emirates, particularly if you reside in an OECD country or are required to conduct transactions with OECD countries.
For a legal setup in Dubai, it is therefore preferable to opt for a
free-zone company. This is a resident company that can be established by foreign entrepreneurs. This is precisely the type of setup we can help you with.
Leave nothing to chance!
Competitor benchmarking, a business plan… Just because you are setting up your company abroad does not mean you should neglect these essential steps! On the contrary, they are even more important, because business is not conducted in the same way in Europe and the United Arab Emirates. Short- and medium-term projections are essential to maximize the chances of
your company in Dubai succeeding.
If you are considering
setting up your company in the United Arab Emirates and have many questions or are worried about making mistakes that could jeopardize your company’s future development, do not hesitate to contact our advisers. We will be able to help you set up your company in Dubai, whatever the specifics of your project.
