Are you an Indian investor looking to open a company in Dubai from India? If yes, you are thinking in the right direction. Dubai has undoubtedly grown tremendously in these past few years.
Its diverse economy is supported by its many commercial and tourism-related sectors and technological and financial infrastructure. The city has broadened and diversified its economic base, allowing it to flourish economically.
It is, in fact, the most innovative Arab city and has successfully left behind the likes of Beijing and Shanghai in terms of infrastructure, administration, and society. Furthermore, Dubai has seen positive shifts in its financing environment and an expansion of funding channels in its ecosystems due to ensuring a wide variety of offerings to go along with the VC investment prospects.
These factors and a few more benefits make Dubai a hotspot for establishing and expanding your business. And for this reason alone, we have created this guide for you. Keep reading till the end to discover all you need to know to open a company in Dubai from India– the benefits, process, costs, documents, and more!
So, without further ado, let’s begin!
What Makes Dubai a Business Hub?
Several reasons attract Indians to open a company in Dubai from India. Here are a few of the most prominent ones —
- Dubai’s cutting-edge technology and accommodating government means setting up a business requires hardly any paperwork.
- The city of Dubai has a state-of-the-art digital infrastructure, complete with top-tier internet connections.
- Compared to other countries, the United Arab Emirates ranks first in business acumen. Its workforce is robust across various domains, including management, leadership, and operations.
- Establishing a company in Dubai is advantageous because of the country’s tax-free status. In Dubai, no taxes are required. Income, corporate, and individual taxation are all included. However, a 5% VAT may be imposed on certain commercial operations for select organizations.
- Dubai’s strategic positioning at the intersection of major trade routes from the East, West, North, and South makes it a hub for the international trade of goods and services. It is easy to go to and from airports and ports located in these areas.
Steps to Register a Company in Dubai From India
The process for a Dubai company setup from India is straightforward. That is, if you know what to do, when to do it, and who to approach. But even if you don’t, don’t worry.
The following overview will give you a brief idea of the process you will have to follow –
1. Shortlist Your Business Activity
The mainland and the free zones of Dubai allow for various commercial endeavors. As a result, there are several services to choose from. So, pick an area of potential commercial interest or expertise. Next, list these activities in your application form ahead. Remember that you are only allowed to choose 10 activities per license.
2. Pick a Trading Name
Picking a company name is required when setting up a company in Dubai. Various guidelines exist concerning the name of a business. Your chosen name must adhere to all of these standards. Once chosen, you must register the name.
Since choosing a trading name can be a daunting task, especially if the preferred name is not available to register, it’s wise to seek professional help from experts who are well-versed in the naming rules.
3. Decide the Location
The next stage is to choose a location in Dubai. You may either set up your business on the mainland or in a free zone. There are benefits and drawbacks to each of these sites. Consequently, it is recommended that you thoroughly examine each of them and choose the one that best suits your needs.
4. Choose a Legal Structure
Your company’s legal structure will determine important responsibilities, liabilities, profit structure, and more. Furthermore, it will aid in business expansion. Thus, you should choose a company structure that works for your company after comparing the pros and cons of each. A single proprietorship, an LLC, or an international corporation branch office are all viable options.
5. Get Initial Approval
You need to ensure the DED doesn’t have any concerns with your company plan before launching it in Dubai. A government official’s approval in this manner is equivalent to a “go” signal in Dubai. To get the ball rolling, you’ll need to submit some paperwork, including a company registration form, a business plan, and more.
6. Apply for the License
In Dubai, companies may apply for a wide variety of different licenses to operate legally. It’s possible, too, that you’ll need to submit applications for extra licenses and permissions for your company, depending on the nature of its operations.
Also, with the application form, you must submit the necessary documents and pay the fees. The authorities will issue your license within the next few working days if everything looks good.
What Documents Required to Open a Company in Dubai from India?
Like any other nation, you’ll need a few legal documents to set up a company in Dubai. Here are a few of the most typical documents you will need to submit to the authorities to obtain licenses and permits –
- Passport sized photographs
- Photocopies of passports of all stakeholders
- Entry visa or stamp page copies
Additional paperwork may also be required from you, depending on the kind of your business, where it will operate, whether it will be a corporation or another type of entity, and so on. The professionals at our UAE Expansion can assist you with the entire list. They will also ensure that your documents are authentic and valid to avoid any delays in the process.
What Is the Cost of Opening a Business in Dubai?
Now that you know the Dubai company setup process from India, let’s discuss another important factor in business setup – costs.
The cost of a business setup in Dubai is inclusive of several factors. These include your activity, legal structure, choice of location, number of stakeholders, need for permits, and more. As such, providing an exact cost is difficult. But to give you an idea, company setup costs can start anywhere from AED 12,500 to AED 30,000.
Establish a Company in Dubai from India With UAE Expansion
After reading this article, we hope you’ve learned all you need to know to launch a successful company in Dubai from India. But before you rush in, there are a few more things to consider. Thus, you may want to partner with experts like the UAE Expansion professionals to help you successfully start a company.
Our team of seasoned professionals knows everything there is to know about getting a company up and running. We will walk you through the company setup process and take care of everything for you. All you need to do is give us a call!