What types of companies can be established in Dubai?

To apply for a JAFZA license for a consultant business in Dubai, it is necessary to provide specific information. This includes the business activity intended for registration under the company license, the number of shareholders involved, the nationality of the shareholder(s), and the number of resident visas required under the company license. This information is essential for the licensing process and ensures compliance with local regulations.

The e-trader license can be obtained through the Department of Economic Development (DED) in Dubai. This license is designed for individuals engaging in e-commerce activities and provides a legal framework for online trading within the emirate.

Opening a bank account in Dubai as a non-resident is subject to specific requirements set by banks. Typically, a minimum deposit is required, which varies among banks and is assessed on a case-by-case basis. The bank will require the minimum amount to be reflected in the bank statement balance, and an equivalent amount must be deposited into the account after it has been opened.

The primary distinction between freezone and mainland companies lies in operational jurisdiction. Freezone companies are restricted from conducting business outside their designated area without the assistance of a local agent. However, they benefit from 100% ownership of shares and the ability to repatriate profits. In contrast, mainland companies have the flexibility to operate their business activities throughout the UAE. It is important to note that professional licenses for mainland companies no longer necessitate a local agent.

The types of companies that can be established in Dubai are influenced by the selected business activity and the specific industry requirements. Available options include free zone companies, which offer benefits such as 100% foreign ownership and tax exemptions; mainland companies, which allow for broader market access and the ability to operate within the local economy; and offshore companies, which are typically used for asset protection and tax optimization. Each type has its own regulatory framework and advantages, making it essential to evaluate the business goals before making a decision.