Why Choose Thinqivity for Your Legal Entity Formation in Dubai
Dubai has become a leading hub for international trade, finance, and innovation, making it the ideal location for establishing a legal entity. Its strategic location, world-class infrastructure, and business-friendly environment present numerous advantages for entrepreneurs and investors looking to set up a business. With Thinqivity by your side, navigating the complexities of legal entity formation in Dubai has never been easier.
Why Set Up a Legal Entity in Dubai?
Strategic Location
Dubai’s prime position between Europe, Asia, and Africa places it at the crossroads of global trade. This strategic advantage provides easy access to over 3 billion consumers, making it an attractive destination for business expansion.
Business-Friendly Environment
The UAE government has enacted policies that attract foreign investors, creating an environment conducive to business growth. Dubai offers a low-tax framework, with 0% corporate and income tax for many types of businesses, helping you maximize profits.
World-Class Infrastructure
With cutting-edge airports, advanced telecommunications, and modern facilities, Dubai boasts one of the best infrastructures globally. This ensures smooth business operations for companies looking to expand or operate regionally.
Diversified Economy
Dubai has diversified its economy beyond oil into sectors such as tourism, real estate, logistics, finance, and technology. This diversification offers ample opportunities for entrepreneurs to establish and grow businesses in multiple sectors.
100% Foreign Ownership in Free Zones
One of the key benefits of setting up a legal entity in Dubai is the ability to own 100% of your business, particularly in Free Zones. This is an attractive feature for international investors looking to retain complete control over their business operations.
Types of Legal Entities in Dubai
When setting up a business in Dubai, choosing the right type of legal entity is essential for your success. At Thinqivity, we help you select the most suitable structure based on your business needs.
Mainland Company
A mainland company allows you to trade across the UAE market without restrictions. It typically requires a local sponsor (UAE national), who owns at least 51% of the shares, except for professional services businesses, where foreign nationals can own 100%.
Free Zone Company
Free Zones in Dubai offer the benefit of 100% foreign ownership, tax exemptions, and no import/export duties. These zones are ideal for businesses that wish to trade internationally or within the Free Zone, although operations in the UAE mainland may require partnering with a local distributor.
Offshore Company
Offshore companies are suited for businesses focused on international trade and investment without requiring a physical presence in the UAE. Offshore formation offers confidentiality and tax benefits, making it ideal for businesses that need a global reach.
Steps to Form a Legal Entity in Dubai
Forming a legal entity in Dubai involves several key steps. With Thinqivity’s expert support, this process is straightforward:
1. Choose Your Business Activity
Selecting the right business activity is crucial as it determines the type of license you will need—Commercial, Industrial, or Professional.
2. Choose Your Business Structure
Decide if you want to set up a Mainland, Free Zone, or Offshore company. Each offers unique benefits, and our team at Thinqivity will guide you through this decision.
3. Register Your Trade Name
Your company’s name must be unique and comply with Dubai’s naming conventions. This is an important first step in the registration process.
4. Obtain Initial Approvals
Depending on your business activity, you may need approval from relevant government authorities, such as the Department of Economic Development (DED).
5. Draft the Memorandum of Association (MOA)
For a Mainland company, the MOA outlines the shareholding structure and operations of your business. We ensure all legal documentation is accurately prepared and notarized.
6. Apply for Your Business License
After completing the necessary paperwork, apply for your business license. The type of license you need will depend on your business activity.
7. Open a Corporate Bank Account
Select a bank that suits your business needs and open a corporate account to manage transactions.
8. Visa Processing
We assist you with processing visas for owners, employees, and dependents, ensuring full compliance with UAE immigration laws.
Cost of Setting Up a Legal Entity in Dubai
The cost of establishing a legal entity in Dubai can vary depending on several factors:
- Type of Business License: Costs vary based on the type of license required (Commercial, Industrial, or Professional).
- Office Space: Renting office space or opting for a virtual office in a Free Zone can affect your setup costs.
- Visa Costs: The number of visas required for your staff and dependents will influence overall costs.
- Additional Fees: You may incur costs for legal documentation, notarization, and, if applicable, local sponsorship.
Estimated Cost Range:
- Mainland Company: AED 15,000 to AED 50,000
- Free Zone Company: AED 10,000 to AED 30,000
- Offshore Company: AED 7,500
Why Use Thinqivity for Your Legal Entity Formation?
Setting up a legal entity in a new country can be complex due to regulations and local laws. Partnering with Thinqivity offers multiple benefits:
Expert Guidance
Our team of specialists provides personalized advice, helping you choose the right business structure and navigate Dubai’s legal framework with ease.
Time Efficiency
By letting Thinqivity manage documentation, approvals, and licensing, you can focus on your core business operations.
Cost Optimization
We help you find cost-effective solutions, minimizing unnecessary expenses and helping you set up your business efficiently.
Conclusion: Establish Your Business with Thinqivity
Dubai presents unparalleled opportunities for business owners looking to tap into global markets. Whether you are setting up a Mainland, Free Zone, or Offshore company, Thinqivity is here to streamline the legal entity formation process. Our experienced team ensures that your business complies with all local regulations while offering you the benefits of 100% foreign ownership, tax exemptions, and more.
Ready to start your journey in Dubai? Contact Thinqivity today for personalized assistance in setting up your legal entity in Dubai and take advantage of the thriving business environment.
Contact Us Today
For expert advice on setting up your legal entity in Dubai, reach out to Thinqivity. Our team of consultants is here to guide you every step of the way to ensure your success in the UAE market.
