Best business consultancy services in Dubai

Setting Up Your Business in Dubai: Navigating the Legal Landscape with GBO’s Expert Consultants

GBO is an official Dubai company formation agent that will take care of company formation, opening bank accounts, taxation and everything that you need to run your offshore business.

 

 

Dubai free zones are a popular choice for foreign investors looking to establish new companies. The advantages of the free zones compared to mainland businesses come from the less stringent regulations and zero-taxation policies.
But it is essential before you start down the road to set up your own corporation that you understand all of the legal requirements and specifications attached to your choice.

 

There are more than 50 free zones in Dubai, each of which stipulates specific requirements, features and processes. By using the services of experienced new company setup consultants in Dubai like GBO, you can smooth the path toward setting up the right company to match your needs in the shortest possible time and at the best cost.

 

Contact us for for setting up your new offshore Dubai company and bank accounts

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    There are many business setup consultants in Dubai who can help individuals and companies navigate the process of setting up a business in the city. Some of the services these consultants typically offer include:

    • Business registration: Business setup consultants can help you register your business with the relevant government agencies and obtain the necessary licenses and permits.
    • Business plan development: Consultants can assist with developing a business plan, including identifying your target market and outlining your marketing and sales strategies.
    • Market research: Consultants can help you research the local market and identify opportunities for your business.
    • Company formation: Consultants can help you choose the most suitable business structure and incorporate your company.
    • Legal support: Consultants can provide legal support, including drafting contracts and agreements, and helping you understand and comply with local laws and regulations.
    • Visa and residency assistance: Consultants can assist with obtaining visas and residency permits for you and any employees you may have.
    • Accounting and financial support: Consultants can help you set up an accounting system and provide financial planning and budgeting assistance.

     

    It is important to research and compare different business setup consultants to find one that is reputable and provides the services you need. You may also want to consider working with a consultant who has experience in your specific industry.

    It is difficult to determine the “best” business setup consultants in Dubai, as the quality of services can vary widely and what is best for one business may not be the best for another.

     

    Here are a few factors to consider when selecting a business setup consultant in Dubai:

    • Experience: Look for a consultant with experience in your specific industry and a track record of successful business setup projects.
    • Services offered: Consider the range of services offered by the consultant, including business registration, market research, legal support, and accounting assistance.
    • Reputation: Research the reputation of the consultant by reading online reviews and asking for references from past clients.
    • Fees: Compare the fees of different consultants to ensure you are getting good value for your money.
    • Communication: Choose a consultant who is responsive and communicative, and who takes the time to understand your business goals and needs.

     

    It is also a good idea to meet with a few different consultants and ask about their experience and approach to business setup before making a decision. This will give you a better understanding of their capabilities and help you choose the one that is the best fit for your business.

     

    To illustrate how the range of choices can need specialist advice before the first steps can be taken, consider that each of the different free zones operates according to its own regulations and procedures. In general, companies registered inside a free zone are not permitted to conduct business on the mainland. So if you are looking to work in both local and export business, a different format of the business licence is necessary, such as the Dubai Multi Commodities Centre (DMCC) Dual License, which allows companies to operate on the mainland.

     

    We at GBO can offer you comprehensive and easy-to-access services, all under one roof. With us acting on your behalf as your company formation consultants in Dubai. For licence clearance and the other steps necessary for Dubai company formation, our expert business setup consultants in Dubai know everything you need to deal with when opening a new business in Dubai Free Zones.

     

     

    How do you choose the correct free zone for your own new business in Dubai?

    Almost all of the Dubai free zones are focused on a central business activity, such as commodities, IT, and eCommerce. They are geared to promote that specific industry.

     

    A few examples are listed in the table below:

    Dubai free zones activities

    Dubai Flower Center Flowers
    Dubai Gold and Diamond Park Extension of Jebel Ali
    Dubai Healthcare City Healthcare
    Dubai International Academic City Academic
    Dubai International Financial Centre Financial Hub
    Dubai Internet City Technology
    Dubai Maritime City Maritime Services
    Dubai Media City Media
    Dubai Multi Commodities Centre Commodity Trade
    Dubai Outsource Zone eCommerce and Support Services

    For instance, the Dubai Multi Commodities Centre (DMCC) caters for companies trading in commodities, including gold and silver. Dubai Outsource encourages investments in the tech industry. Dubai Maritime City was the first free zone promoting eCommerce in the UAE. Dubai International Financial Centre (DIFC) focuses on banking, insurance and the other components of the financial services industry, such as Fintech. Dubai also has general-purpose free zones, like the International Free Zone Authority (IFZA).

     

    Free zone licences are available for a wide range of other sectors as well. In total, the laws governing which business activities companies with full Foreign Ownership can engage with list more than 1,000 individual business types. These need to be slotted into the correct free zone to avoid conflicts between the laws. With guidance from expert company formation consultants in Dubai like GBO, it is easy to get the right choices made from the very beginning.

     

    What kinds of companies can operate in Dubai free zones?

    In the free zones in Dubai, an independent free zone authority implements regulations for the companies and issues the licences. The main choices are:

    • A Free Zone establishment with a single individual shareholder.
    • A Free Zone company with two or more shareholders.
    • A branch of a foreign or UAE-based company that will carry out the same business activities as the parent.

     

    What are the choices for business licenses?

    The business licence is the most crucial choice that must be made before opening a new company in any Dubai free zone. To make the right choice, you should use an experienced Dubai management consultancy. The most common trade licences available in most of the free zones in Dubai are:

    • eCommerce
    • General Trading
    • Commercial
    • Service
    • Industrial

     

    But because most free zones are set up with specific focuses, they also provide certain exclusive licenses based on the specializations.

    Consult with our specialists at GBO, providers of the best business consultancy services in Dubai. We can supply you with a list of all licenses issued by each free zone authority.

     

     

    FAQ

    How much does it cost to set up a company in Dubai?

    The cost of setting up a new free zone company in Dubai depends on the choices you make. Each individual free zone has set its own costs for registration and licensing, but it’s not advisable to simply opt for the cheapest zone if the trade model does not match your business requirements. For example, overall the new business setup in Dubai is issued by Dubai Silicon Oasis (part of IFZA), but if your business model is not focussed on IT, then this could end up being the wrong choice for your company.

     

    What is the best location for a business setup in Dubai?

    It is essential to match the free zone’s business focus with your own company’s business model. Each free zone is located in one of the tower clusters that have been allocated for free trade.

     

    Can a foreigner set up a company in Dubai?

    The population of Dubai consists mainly of expatriate foreigners, and many of them already have set up their own business. Dubai promotes investment by overseas business owners, with promotional solid features, strong tax advantages and many options for free-trade. Let GBO, the best business setup consultants in Dubai, lead you through the required steps to set up a new company in the right Dubai Free Zone.

     

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