How to Set Up a Business in the UAE: Step-by-Step Guide

Рет қаралды 13,855

Күн бұрын

Пікірлер: 39

@bestways 21 сағат бұрын

Great info really well explained all stepwise. I and my brother want to setup a food import export company. Do I need an Ejari/office space to get my license?

@AgentJaneS 5 күн бұрын

Can I start a cleaning company without renting a commercial office and just work on my laptop at home to get clients?

@connectgroupuae 4 күн бұрын

Hi there. Yes, you can, depending of location and jurisdiction. Also consider that the more employees you have, office space will be required. You can always outsource your employees via Connect Resources ☺

@Max-of9wt 7 күн бұрын

If starting a company in the crypto space would I need to rent an office in the DMCC?

@connectgroupuae 4 күн бұрын

Hi Max, there are some activities related to cryto, some of them regulated. What activity you mean to open?

@revolutionarycigars Ай бұрын

Hi, thanks for the valuable info. Just had afew initial questions - we provide event services, so we are physically present at various events. I assume to set up in Dubai, it would have to be mainland? Also we dont need an office or physical location, but i assume we need a location for the paperwork?

@connectgroupuae Ай бұрын

Hi there! We would recommend to be in mainland correct 🙂. Feel free to contact us and we can arrange the office space, as will be needed for banking purposes 😊

@AndresRodriguez-ul7hr 3 ай бұрын

Hello Kate, one question, is about an LLC in USA and a company in UAE, the question is: is it advisable to USE THE SAME COMPANY NAME for the UAE company and the LLC in the United States? for example, the name of the UAE company is XXXYYYZZZ and the name of the LLC is the same, XXXYYYZZZ. Thanks.

@connectgroupuae 3 ай бұрын

Hello Andres! Thanks for your query. It depends of your commercial needs, from a legal/consultant point of view there is no impact to use the same or a different name unless there is another company registered with a similar name in the region and/or a trademark registered in WIPO covering both countries ☺

@joemq 5 ай бұрын

So theoretically there’s no issue if setting up the entity, whilst initially keeping residence in Europe/us… then Building up the profits in the uae entity, and then when ready physically moving over to the uae, declaring as uae tax resident and being able to transfer the profits to your personal bank? Do I have that correct?

@connectgroupuae 5 ай бұрын

Hello Joe. Your assumption it is more or less correct due to during the time you have your entity in the United Arab Emirates (UAE) and you are tax resident in a third country, you would, in some cases (as it depends of the tax regulations of each country) have to pay taxes for those profits (if any) during that period of time. Secondly, once you are in UAE (and tax resident here), you can transfer all the profits to your personal account. Let me know if you require assitance to do your taxation move-in in Dubai along with your setup!

@joemq 5 ай бұрын

@@connectgroupuae that’s great thanks for the response, I’ll be in touch most likely some point next year 😀

@FreePizza007 Ай бұрын

I don't understand how your ables to place 2025 title in the video when the video was uploaded mid 2024. 2025 rules may be updated or not. I think a bit misleading for the viewer if they are looking for the most current 2025 info.

@connectgroupuae 17 күн бұрын

New regulations in this regard will apply in 2025, hence it is publicly avaiable to check the new rules/laws that will apply for next year ☺️

@austenwhittle3927 2 ай бұрын

Do you have to rent an office space to Start a business or is there a way around renting office space

@connectgroupuae 2 ай бұрын

Depending of the business that you setup and its area, you could have a virtual office. For another license activities, you would need an office space :)

@mustafaoshaughnessy3198 5 ай бұрын

Thanks for your videos!

@ahmad-rateb 5 ай бұрын

super...thanks for valuable information

@muhammadmohsinjavaid 6 ай бұрын

If the person is already present in Dubai on Golden Visa, does he still need an Establishment Card when setting up an LLC ? Without a visa on LLC, can he get a bank account opened ?

@connectgroupuae 6 ай бұрын

Hello! If a person being the shareholder of the company holds a golden visa, the person will not need an establishment card to stablish the company unless the company needs to hire employees. And yes, the shareholder can get the company bank account opened! :). However, to register Etisalat, Dewa, office space (Ejari) you will require the Establishment card. Hope it helps and if you need anything from our side please let us know

@relaxandlivelife7093 3 ай бұрын

@@connectgroupuaeif he’s 100% shareholder and doesn’t need any employees, will he be considered an employee if he’s stated as General Manager? Very confusing 🫤

@relaxandlivelife7093 3 ай бұрын

@@connectgroupuaein that case what will it state as “manager” ? Since you need an authorized signatory to open the account. Meaning do you need the establishment card in order to be named manager on the trade license?

@moussael-fares494 5 ай бұрын

Hypothetically if i wanted to set up my business before i come to the UAE and say its a home office. How does that work when i still havent even been in the country to rent something?

@connectgroupuae 5 ай бұрын

Hello Moussael, we can start your company setup and get a virtual office, then you do not need to rent anything :)

@WallStreetIceCream 3 ай бұрын

If i want to do airbnb what license would i need ? I want to form a freezone company

@connectgroupuae 3 ай бұрын

Hi there! There would be some clarification of why you want to setup a freezone company instead of a DED (Dubai Economy Department) license. Airbnb business - short term rental are categorised as "Vacation Homes Rental" and this license is only provided by DED to conduct the activity compliant. Furthermore, you will need an approval from DTCM (Dubai Tourism) to proceed further. All the above, it is in case you will manage properties for clients, if you will manage your own properties, there is not need to setup the license but there is a limitation of a maximum number of properties!

@WallStreetIceCream 3 ай бұрын

@connectgroupuae whats the max number of properties? Are LLC available in dubai? Do you know if the properties need to be free and clear or they can have mortgages?

@connectgroupuae 3 ай бұрын

Hi again! So replying to your questions: 1) If you own the properties, the maximum amount is 8 (to operate without a license but still you need to register in DTCM. 2) Limited Liability Companies (LLC) are availables in Dubai, correct! ✅. 3) And for your last question, properties can be mortgage! ☺️ I hope this helps!

@arsalaanshaikh1786 Ай бұрын

@@connectgroupuae if it crosses the VAT threshold then???

@meadams7896 3 ай бұрын

Hi Madam can I be a partner of my company and still hold the visa of a different company as an employee?

@connectgroupuae 3 ай бұрын

Hello! :). Yes, you can be a partner of a company and hold a visa via another company. However, you may require a NOC to become a partner of X company from your current employer. If you need any suppor please let us know! :)

@ajokekilanko1623 5 ай бұрын

Thanks for the video. What's the total cost to register a business and open a bank account in UAE? Thanks in anticipation.

@connectgroupuae 5 ай бұрын

Hi there! The total cost will depend of the license, number of shareholders, Freezone or mainland and activity. Opening a bank account does not have any cost. I hope it helps and if you need us to help you please do not hesitate to reach out to us! 😄

@relaxandlivelife7093 3 ай бұрын

What the heck is the market fee for ? 5% 😮

@connectgroupuae 3 ай бұрын

Haha! 😆. This is a fee that is mandatory to pay (as it appears in the payment voucher for the license). They check the total ejari amount and charge 5% of it into your license renewal!