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The UAE Business Setup Guide is a unique value product launched by Creative Zone earlier this year and welcomed by the UAE entrepreneurial community. What made the team come up with this proposal?
With the UAE rapidly growing as a global business hub, and an important business base for multiple global and regional entities, we are seeing many gaps in the distribution of information and a general lack of understanding of the UAE’s business ecosystem, corporate rules and regulations, and lifestyle. We hope to bridge that gap with this guide so entrepreneurs can get a head start and make better choices.
What are the highlights of the UAE Business Setup Guide?
The UAE Business Setup Guide provides entrepreneurs and business owners with the vital information they need when considering setting up and running a business in the UAE.
The guide is designed to answer some of the most important questions investors have about their business, starting with company registration, labor law and other HR regulations, sales and marketing, tax and accounting, intellectual property protection, scale compliance and financing opportunities.
Can you share some recent important revisions or changes to the laws and guidelines regarding business setup that entrepreneurs looking to start a business in the UAE need to know?
The UAE has introduced several new legislative changes to do business in the UAE. Some key ones include:
UAE Company Law – The most important change in UAE company law is to allow 100% foreign ownership in most business activities. With this change, a new UAE mainland company (rather than a free zone company) can be owned by expatriates. In addition, foreign companies are not allowed to set up new branches in the UAE without appointing a UAE national as a local service agent. Branches of foreign companies licensed in the country can now be converted into business entities in the UAE.
In another landmark reform, foreign investors were allowed to form single-shareholder limited liability companies. Previously, the rule only applied to UAE nationals. However, the change only applies if the company’s activities are not part of the strategic impact list.
UAE Commercial Transactions Law – The law narrows the scope of the crime when it comes to checks.
Digital Law – This aims to introduce an enhanced digital infrastructure and a unified digital platform to support the integration of economic data for UAE business sector services.
Trademark Law – It allows for faster procedures and faster issuance of licenses. In addition, the trademark database will now be a public registry open to everyone. Before amendments, trademark search was a paid service.
3 Best Business Setup Packages From Creative Zone
Free lifetime visa with any standard free zone trade permit. From AED 16,750
l Standard trade license and 1 visa package
l Standard packages include general transactions, specific transactions, services, consulting, etc.
l A trade permit for visa allocation/quota
l Immigration card services and fees
l Free visa for investors or employees
l In addition to the above prices, a one-time E-Channel registration fee of AED 2,525 is required
Free VIP package worth AED 9,000 including all multi-year license packages in mainland and free zones
l Corporate bank account settings
l Premium office address in Downtown Dubai
l Mail and courier management services
l Express VIP Medical and Emirates ID Services
l One-time tax accounting consultation, etc.!
Media business license Dh5,750
l Free zone trade license, 1 year free rental agreement
l 100% foreign ownership
l Up to 3 business activities can be combined
l Use of co-working spaces and meeting rooms
Call 800-LICENSE or visit creative zone.ae
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