New Company Formation in Dubai ᐅ Make the right choice!

ᐅ What are the requirements for new company formation in Dubai?
To establish a new company in Dubai, you need to fulfill several requirements including obtaining a trade license, securing office space, and registering your company with the relevant authorities. It is essential to have a local sponsor if you are planning to set up a mainland company. Our team at Cassius Law can assist you with the entire process of documentation and legal compliance.

ᐅ How much does it cost to set up a new company in Dubai?
The cost of setting up a new company in Dubai can vary significantly based on the type of business activity, the location of the company, and the required licenses. On average, the total initial investment may range from AED 10,000 to AED 50,000. We at Cassius Law can provide you with a detailed breakdown of all potential costs associated with your new business formation.

ᐅ Do I need a local partner for a mainland company in Dubai?
Yes, for most mainland company setups in Dubai, a local sponsor is required, who will hold 51% of the shares in the company. However, certain business activities allow for 100% foreign ownership. At Cassius Law, we can guide you through the options available and help find a suitable local partner for your business.

ᐅ What types of companies can be registered in Dubai?
There are several types of company structures available in Dubai, including Limited Liability Companies (LLC), Sole Proprietorships, Free Zone Companies, and Joint Ventures. Each type has its advantages and regulations. Our experts at Cassius Law can help you choose the right structure that aligns with your business goals.

ᐅ How long does it take to register a new company in Dubai?
The timeline for registering a new company in Dubai can range from a few days to several weeks, depending on the complexity of your business structure and compliance with local regulations. At Cassius Law, we strive to expedite this process and ensure that your company is ready to operate as soon as possible.

ᐅ Are there any restrictions on foreign ownership of companies in Dubai?
While most mainland companies require a local sponsor to hold 51% of the shares, free zone companies allow for 100% foreign ownership. It is vital to select the right type of business that aligns with your ownership preferences. Cassius Law specializes in navigating these regulations to facilitate your business formation.

ᐅ What is the process for obtaining a trade license in Dubai?
Obtaining a trade license involves several steps, including selecting a business activity, choosing a company name, securing initial approvals from the Department of Economic Development (DED), and submitting the required documentation for the issuance of the final license. Cassius Law can assist you at every step to ensure compliance and a smooth process.

ᐅ Is it necessary to have a physical office location for a business in Dubai?
Yes, having a physical office location is typically required for most mainland business licenses in Dubai. However, free zone companies may have different requirements and may allow for virtual office setups. Our team at Cassius Law can help you navigate these requirements based on your business model.

ᐅ Can I open a bank account for my new company in Dubai?
Absolutely, opening a corporate bank account is a crucial step post company registration. However, banks typically require several documents, including the company registration certificate, trade license, and identification of the company's shareholders and directors. At Cassius Law, we can assist you with the necessary documentation and facilitate the banking process.

ᐅ What are the tax implications for new registered companies in Dubai?
Dubai offers several tax advantages, including no income tax for most business activities. However, depending on your business type, you may need to consider VAT and other specific fees. Cassius Law can provide clarity on potential tax obligations and help you plan tax-efficient strategies for your new business.

ᐅ How can I ensure compliance with local laws after setting up my company in Dubai?
After setting up your company, it is vital to remain compliant with local regulations concerning labor laws, financial reporting, and licensing. Regular audits and consultations with legal experts can help maintain compliance. At Cassius Law, we offer ongoing support to ensure your company adheres to all applicable regulations.

ᐅ What are the most common challenges faced during new company setup in Dubai?
Common challenges include navigating the complex regulatory environment, securing the necessary permits, and finding a suitable local sponsor. Our experienced team at Cassius Law can provide valuable insights and assistance to overcome these challenges and ensure a seamless setup experience.

ᐅ How does Cassius Law support foreign entrepreneurs in Dubai?
At Cassius Law, we pride ourselves on offering a comprehensive range of services to support foreign entrepreneurs, including legal advice on licensing, company formation, and regulatory compliance. Our goal is to simplify the process for you and provide ongoing support as your business grows.

ᐅ What industries are flourishing for new companies in Dubai?
Dubai is witnessing growth in sectors like technology, tourism, e-commerce, and health care. Establishing a business in these industries can be highly lucrative. Our team at Cassius Law can provide market insights and help you identify opportunities aligned with your expertise.

If you're considering starting a new company in Dubai, we invite you to contact us at Cassius Law. Our dedicated team is ready to assist you with all aspects of company formation, ensuring that your transition is smooth and successful. Let us help you turn your business vision into reality.