5 Simple Steps to Start your Business in the UAE

Ever wondered how it would be to start your own business in the UAE? The UAE has become a dream destination for starting up businesses for expatriates. We have broken down the process of starting a business in the UAE into five (5) simple steps.

Step 1: Plan your business model

A business model is a blueprint of your establishment that helps your business to navigate and conquer the specific market segment that you have focused on. The primary components of any successful business model are the identification of the products or services that you intend to sell or provide, the identification of the target market and the sources of financing and budget to execute the same.

Step 2: Find the right jurisdiction

Once you have the business model ready, choosing an ideal location to start your business is the most crucial part of the business setup process. The place of operation and activities of your business should answer the question of which location or jurisdiction you can choose. You can opt one of the three (3) jurisdictions in the UAE:

Mainland: This includes any territory inside the UAE which is not considered as a free zone. Recent amendments in the UAE company laws ensure that 100% foreign ownership of a business is allowed except for certain business activities. A mainland company can operate its business throughout the UAE.

Free Zone: These are certain territories spread throughout the seven (7) emirates which has its own special tax, customs and import structure offering expatriates 100% foreign ownership of the businesses.

Offshore: Essentially the one to choose if you are looking to carry out the business activity outside the UAE and enjoy attractive tax advantages with no office space requirements.

Step 3: Complete your documentation

Documents required to set up your company vary from one jurisdiction to the other. The most common documents that are required for all three (3) of mainland, free zone and offshore companies include a copy of the business plan, and the identification documents of the shareholders and directors such as the copies of their passports and the proof of their residential addresses. Additional documents and a simple KYC check may also be required depending upon the relevant jurisdiction that you choose to incorporate your company with.

Step 4: Registration

All the required documents are submitted to the relevant authority along with the memorandum of association and articles of association signed by the shareholders. The trade license of the business or the certificate of incorporation is issued by the relevant authority after they conduct an independent compliance check.

Step 5: Bank account and Residency visa

The final step would be to open a business bank account in the name of your company to receive payments. The banks typically enquire details such as the business plan, details of the primary customers and suppliers and the expected deposits. There are various options for opening a bank account in the UAE including banks such as Emirates NBD, Mashreq, RAK Bank and Emirates Islamic.

The issuance of a UAE residency visa depends upon the jurisdiction where you have incorporated your company. For mainland companies, there is no limit on the number of visas that a company can issue based on its requirements while a free zone company has limitations depending on the type of licence obtained for the business. No UAE residence visas can be obtained for offshore companies.

While the above highlights the five (5) basic steps that you need to take to start your business in the UAE, the actual process may vary from one company to the other. The entire process can at times seem a bit challenging to complete without professional help. InZone specializes in company formation and business set-ups throughout the UAE with the most competitive prices. You may contact us for any further questions about your proposed business set-up.

Let's Talk

Get a response within 4 business hours!

This field is required
This field is required
This field is required
This field is required
We will handle your personal data in compliance with our Privacy Policy

Recent Articles

What are Non-Resident Bank Accounts in the UAE?

As can be expected from a prominent business and financial hub, the UAE has a booming yet stable banking industry. With total assets worth over 813 billion U.S. dollars, the UAE’s banking sector leads in the Middle East. The ease of banking and the excellent facilities available enhance the UAE’s appeal as an investment destination....
Read More ›

UAE VAT Registration in 2024: All You Need to Know

Value-added tax (VAT) was introduced in the year 2018 in the UAE. With the introduction of this federal tax, the UAE shed its long-standing tax-free status. Notably, the UAE’s Federal Tax Authority (FTA) was also launched shortly before this tax was implemented. As of 2024, VAT continues to be applicable and has been a major...
Read More ›

How to Obtain Family Visa in the UAE?

The United Arab Emirates (UAE) without a doubt is a desirable destination for expats from all over the world thanks to its growing economy, modern infrastructure, and high quality of life. Many expats residing in the UAE can sponsor their family members by obtaining a UAE family visa. In this article, we’ll be understanding the...
Read More ›

Family Offices in the UAE: A Complete Guide

Of late, an increasingly high number of super-rich families are investing in the UAE, and this trend does not seem to be slowing down. With an existing count of over 100,000 millionaires, the UAE is projected to further attract over 6000 more millionaires in 2024. These High-Net-Worth-Individuals (HNWIs) are noted to be coming from countries...
Read More ›

Top Business Ideas in Dubai for Beginners

Dubai, a city known as an icon of luxury, skylines, and a thriving economy, offers many opportunities for entrepreneurs. Whether you are a seasoned professional or simply a beginner, Dubai’s dynamic business environment can be highly rewarding. Here are some top business ideas ideal for beginners looking to start a successful business in this vibrant...
Read More ›

How to Get a Business Visa in Dubai?

Without a doubt, Dubai is a well-known thriving hub for business innovation and investment. If you are aiming to start your business in Dubai, securing the appropriate business visa is of utmost importance for residency. Continue reading if you want to know more about how to get a business visa in Dubai as in this...
Read More ›

How to Register a Company in Dubai From India?

With a strong economy and business-friendly environment, the city of Dubai certainly presents a rewarding opportunity for business expansion for entrepreneurs. If you’re an entrepreneur seeking to expand your entrepreneurial horizons and wish to start your business in Dubai from India, the best part is that this process can be done completely remotely! This blog...
Read More ›

Checking Your UAE Visa Validity and Status: A Comprehensive Guide

The process of verifying your UAE visa can sound like a complicated one, but with the right information, it’s a straightforward task. Whether you’re planning a trip to the UAE or already residing in the UAE, understanding your visa details is without a doubt highly necessary to ensure a smooth and hassle-free experience. Checking the...
Read More ›

Understanding Involuntary Loss of Employment Insurance (ILOE) in the UAE

In today’s constantly changing world, employment stability can be quite unpredictable, and the repercussions of losing a job can be overwhelming. For dealing with such risks, the UAE government has introduced a safety net known as Involuntary Loss of Employment Insurance. This policy mainly for the purpose of to support residents facing unexpected job loss...
Read More ›
We Accept

We accept the following credit cards. Our website is secured with SSL 256 Bit Encryption.

We accept credit cards
Why Choose InZone
  • We provide 30 day money back satisfaction guarantee to all our clients.
  • We provide 100% confidentiality to all our clients.
  • We provide a dedicated account manager.
  • We provide bank account opening assistance through our well-established banking relationships.
Refer & ReceiveRefer and Earn
Contact Us