FAQs about Emirabiz Services
Yes, recent regulations allow foreign investors to have full ownership of their businesses in many sectors, especially in free zones and certain mainland activities. However, some activities may still require a local sponsor or service agent.
The cost varies based on factors like business activity, location, and license type. Generally, fees range from AED 5,750 to AED 50,000. Additional costs may include office rent, visa fees, and other administrative expenses.
The exact process may vary depending on the business activity and jurisdiction. The general steps include:
- Determine business activity: Identify the nature of your business.
- Choose legal structure: Decide on the company’s legal form (e.g., LLC, sole proprietorship).
- Reserve trade name: Select and register a unique business name.
- Apply for initial approval: Obtain preliminary consent from relevant authorities.
- Lease business premises: Secure a physical address for your business.
- Prepare legal documents: Draft and notarize necessary documents like the Memorandum of Association.
- Submit final application: Provide all documents and pay fees to receive the license.
The UAE offers several types of business licenses, including:
- Commercial license: For trading activities.
- Professional license: For service-oriented businesses.
- Industrial license: For manufacturing and industrial activities.
- E-commerce license: For online business activities
Each license type caters to specific business activities and may have distinct requirements.
he UAE Green Visa fees total AED 5,260. If you apply from the UAE, you will be charged an additional AED 500.
Yes. Proprietary crypto trading is legal in the UAE if you use only your company’s own funds and hold a valid license. You must not manage third-party funds or provide regulated financial services without additional approvals.
A proprietary trading license allows you to trade with your own capital. An asset management license allows you to manage client funds or offer investment advice, which requires VASP registration and more complex regulatory compliance. This type of activity is allowed in DIFC or ADGM.
Yes. Many proprietary trading companies in the UAE operate across global platforms. However, your license applies within the UAE, and you should ensure compliance with laws in any foreign country where you conduct business or access exchanges.
Yes. If your UAE-licensed crypto company earns taxable income over 375,000 AED, a 9% corporate tax applies. However, some free zone activities may qualify for 0% tax if structured correctly. Personal crypto gains are not taxed. A cryptocurrency license in Dubai ensures compliance with these rules.
Setup timelines vary. A cryptocurrency license in Dubai for proprietary trading or digital assets can be obtained in 1–4 weeks. For regulated activities like OTC desks or exchanges, it may take 6–12 months due to approvals, documentation, and compliance checks.
Planning to start a business in the UAE? With Emirabiz, you can navigate the process quickly and effortlessly. We provide expert assistance with company registration, licensing, residency visas, bank accounts, and comprehensive business support.