Why Set Up Your Business in Dubai with Thinqivity?

Dubai is a thriving hub for international trade, finance, and innovation, making it an ideal destination for entrepreneurs and investors. Its strategic location, world-class infrastructure, and business-friendly policies have made it a magnet for global businesses. With Thinqivity, you gain the expertise and support to seamlessly navigate the setup process, ensuring your business thrives in this dynamic market. 

 

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Why Choose Dubai for Your Business?

Strategic Location

Dubai’s unique geographic position at the crossroads of Europe, Asia, and Africa makes it a gateway to over 3 billion consumers. This strategic advantage places businesses at the heart of global trade and emerging markets.

Business-Friendly Environment

The UAE government has implemented investor-friendly policies, including 0% corporate and income tax on many business activities. With Thinqivity, you can leverage these benefits to establish and grow your business efficiently.

World-Class Infrastructure

Dubai boasts cutting-edge infrastructure, from state-of-the-art airports to advanced telecommunications, ensuring seamless business operations.

Diverse Economy

Dubai’s economy has diversified beyond oil into sectors like tourism, logistics, finance, real estate, and technology, offering endless opportunities for entrepreneurs.

100% Foreign Ownership in Free Zones

Dubai’s Free Zones allow foreign nationals full ownership of their businesses, along with benefits like zero import/export duties and no personal or corporate taxes.

 

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Types of Business Entities in Dubai

When setting up your business, choosing the right structure is crucial. Thinqivity offers expert guidance to help you select the best fit:

Mainland Company

• Trade freely across the UAE market.
• Requires a local sponsor (UAE national) holding 51% ownership unless it’s a professional services entity.

Free Zone Company

• Enjoy full foreign ownership, zero import/export duties, and tax exemptions.
• Restricted to operations within the Free Zone or international markets unless partnering with a mainland distributor.

Offshore Company

• Ideal for international trading and investment activities.
• Offers tax optimization, confidentiality, and no physical presence requirements in the UAE.

 

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Steps to Set Up Your Business with Thinqivity

1. Define Your Business Activity
   Determine your business type to select the appropriate license (Commercial, Industrial, or Professional).

2. Select a Business Structure
   Choose between Mainland, Free Zone, or Offshore entities based on your goals and operations.

3. Register Your Business Name
   Ensure the trade name complies with Dubai’s regulations.

4. Secure Initial Approvals
   Obtain necessary permissions from relevant authorities like the Department of Economic Development (DED).

5. Draft Legal Documents
   Prepare and notarize the Memorandum of Association (MOA) and other required documents.

6. Apply for a Business License
   Submit all documents to the appropriate authority to acquire your business license.

7. Open a Corporate Bank Account
   Work with Thinqivity to open a bank account tailored to your business needs.

8. Process Visas
   Apply for visas for the business owner, employees, and dependents.

 

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Costs of Setting Up a Business in Dubai

Factors Influencing Costs:

• Type of License: Commercial, Industrial, or Professional.
• Office Space: Options include physical offices or virtual spaces in Free Zones.
• Visa Requirements: Costs vary based on the number of visas required.
• Additional Fees: Legal documentation, notarization, and sponsorship fees (if applicable).

Estimated Costs:

• Mainland Company: AED 15,000 to AED 50,000.
• Free Zone Company: AED 10,000 to AED 30,000.
• Offshore Company: AED 7,500.

 

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Benefits of Partnering with Thinqivity

1. Expert Guidance
   Thinqivity offers tailored advice to help you choose the ideal business structure and location.

2. Time Efficiency
   Let our experts handle documentation, approvals, and licensing while you focus on your business goals.

3. Cost Optimization
   Our team ensures cost-effective solutions without compromising quality or compliance.

4. End-to-End Support
   From initial setup to ongoing services like VAT registration, banking, and accounting, we provide comprehensive assistance.

 

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Why Thinqivity is Your Trusted Partner

Thinqivity simplifies the complexities of setting up a business in Dubai, ensuring you capitalize on the city’s dynamic opportunities. Our dedicated team, extensive network of professional partners, and customer-focused approach make us the perfect ally for entrepreneurs and investors.

 

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Take the Next Step with Thinqivity

Dubai’s robust economy and business-friendly environment offer immense potential for success. With Thinqivity, you’ll have the expertise and support needed to navigate the process seamlessly.

Contact us today for personalized assistance in setting up your business in Dubai. Together, let’s turn your vision into reality!