Dubai offers several
types of company incorporation offers
to investors and businessmen. The three main jurisdictions that Dubai has for
enterprising entities are Mainland, Free Zone, and Offshore. Each jurisdiction
has its advantages along with rules and regulations. Like to set up a company
in Dubai Mainland, you need to have a local sponsor who holds 51% of the company’s
shares. Dubai Free zones offer 100% ownership with advantages like less to zero
taxes. Offshore is similar to free zone companies but has different set targets
and goals.
You have to decide
which jurisdiction suits best for your business activities and apply for a
relevant license. The Department of Economic Development is the authoritative
body that issues licenses to business entities for setting up a company in
Dubai Mainland. Dubai Free Zone Authority issues licenses for Free Zones and
Offshore companies. The business licenses cost in Dubai is
also different for different licenses.
The following are the different types of business licenses
issued by the Dubai authorities:
· Commercial License
Business owners who
business activities like transportation, healthcare, contracting, trading, real
estate, food suppliers, rentals, etc. need Commercial license.
· Industrial License
Factory owners that
operate factories such as food mills & packaging, carpet manufacturers,
word products, furniture manufacturers, appliances % machinery factory and
lightening equipment manufacturers need Industrial license
· Professional License
Individuals who work
independently like lawyers, consultants, marketers, auditors, writers,
organizers, doctors, accountants, freelancers, etc. need a Professional
License.
The following are the types of companies that can be registered
under these licenses:
- Joint Venture Company
- Private Shareholding Company
- Public Shareholding Company
- Civil/ Professional Company
- Limited Liability Company
You also need to have
passed through certain eligibility criteria for acquiring any of these
licenses. For example, if you need a professional license and want to form a
professional Company then you need to have a valid professional qualification/s
in the respective field of expertise.
For some licenses you
need a local agent to act as a liaison between the government department and
your company. EBMS will help you in getting one. EBMS is one of the most
trusted business consultancy service providers in Dubai. They will help you
with the process of company registration. They will help you in
getting the right business license. To know the business license cost
in Dubai, contact EBMS.
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