Everything You Need To Know To Initiate Business Setup In Dubai
Opulent lifestyle, well-paced corporate framework and a successfully growing economy characterize Dubai and place it among the top business hubs in the World. The growing attraction of the City has led many young business owners dreaming of their Dubai business Startup. With the promise of numerous business opportunities and perennial high volumes of Trading activities, Dubai attracts both big and small enterprises alike.
While the Government is open-armed to businessmen contemplating new business set up in Dubai, one must adhere to the strict rules and regulations of a company set up in Dubai.
The flow of any new business must be seamless – from a well-planned Start to the strategic steps towards Establishment. This is where Al Zora comes in! We not only facilitate the right mix of company set-up solutions (link to services page) but also help you make it big in the Dubai business sphere.
Types of Business Structures in Dubai
Setting up a business in Dubai isn’t a herculean task if you follow a stepwise approach
that focuses on all the regulations and best practices. Choosing an experienced business setup consultant will help you focus on your business while the nitty-gritties are taken care.
Before you begin your process of setting up a company in Dubai, here are the types of business structures that exist in UAE:
Onshore Businesses:
These companies accomplish trade within the local UAE
market as well as Worldwide. Based on the business profile, an on-shore company needs a UAE national or a local service agent to be its local sponsor.
Free-Zone Businesses:
Such companies do not need any local sponsorship and can be owned 100% by expatriates. They can conduct business in UAE with some imposed restrictions.
Off-Shore Businesses:
These are Asset companies that can be owned completely by expatriates. This kind of structure is perfect for international business.
If you are wondering how to set up business in Dubai, here is an overview of the process:
Select a local sponsor:
The process of business setup in Dubai requires the Company to have a minimum of 51% stake of UAE nationals. The exceptions to this requirement are:
- Free Zone Setups
- 100% Local ownership requirement by law
- Setting up of a branch or representative office of foreign firms
- Decide on the name of your Company
- Decide the location where you want to set-up
- Draft a Local Service Agreement or MOA
- Submit the MOA and application for a License.
Here are some services required for a Dubai business setup based on different types of business owners we cater to:
Here are some services required for a Dubai business setup based on different types of business owners we cater to:
Corporate Businesses:
- Adherence to the rules and regulation of the jurisdiction
- Appointment and inclusion of directors based on industry
- Registered office setup
- Incorporation requirements of local administration
Financial Establishments or Fund Managers:
- Assistance in setting up fund services while keeping in sync with the jurisdiction
- A plethora of finance and administration services We at Al Zora, help you set up your business in Dubai without having to worry about the paperwork, legal and compliance requirements. We take care of everything because, with 10 years of extensive global consulting experience, we are just about PERFECT at it!
- Transfer and security services
- Depositary and liquidation services
- Risk management capabilities
Private and Small Client run Businesses:
- Family succession planning
- Other personal assets planning
- Trust setups
- Property search & banking services assistance
At Al Zora, we offer end-to-end services tailor-made to your business needs with a track record that’s proven and trusted worldwide. So, trust us if you plan to set up business in Dubai and accelerate the success of your business!
We get every business and personal tax deductions and rebates you are entitled to ensuring the maximum tax refund.
We Believe in Best Quality
Competence, Integrity and Reliability is our main mantra.
We Believe in Good Relation
We strive for life term relationship with you on your financial journey.
We Believe in Service
We will move extra mile with our service to make your life easier.
Our Accounting and Bookkeeping Services Dubai and UAE
Excellence Accounting Services focuses on the following aspects of accounting and bookkeeping:
Accounting Software
We can help you choose the ideal accounting software package and guide you on keeping your records and books, setup suppliers, reconcile banks, customers, and so on.
Accounting Software Integration
Our specialists use the till system, online payment systems. We review VAT on transaction transfers accurately to the accounts program and rectify VAT.
Record Keeping
EAS can manage your data entry, raise sales invoices, review statements of accounts and handle purchase accounts.
Reconciliations
We help to reconcile Credit Cards, PayPal and other key accounts of your business.
Correct Asset Register
Our bookkeeping and accounting specialists will maintain an asset register on behalf of the client.
Basic Reports Preparation
We prepare different reports to help companies manage their business efficiently. From Aged Debtor, Profit and Loss and Credit Reports tailored to the business.
Client Testimonials
We’re very proud to say that we’re the best Tax Advisors in Dubai, UAE. Don’t take our word, Take our clients’.
So Far the best accounting services in Dubai for us at least, We have been using the accounting services from Al Zora Accounting for a while now. It is a great support for us. The team has an excellent knowledge of Accounting & Vat Services, variations in tax preparation, tax deductions and gains. Moreover they have an office in Deira so it makes it easy to list them whenever required.
Had contacted Pranav from google, was looking for accounting services in local Deira region. Started working with them since 4 months now. I have to admit Pranav and his team are excellent consultants in Accounting. They guided us for the backlog of previous years, took care of all the day to day management at a very affordable costing. I have nothing but appreciation for you guys. Wish you all the luck.
If you are looking for accounting services in Dubai, Al Zora team will not disappoint you. They have an in-house team of accountants operating from Deira, very well managed and organized. We are associated with them since 3 months and so far no regret. Thank You.
Pranav has been very helpful in sorting out a lot of issues for my company both in the past and the present. His best quality is that he's patient and listens to your concerns before giving you any financial advice. Would highly recommend him for anyone looking to hire Accounting Services in Dubai.
For the time being we are very satisfied with Al Zora Accounting. They have completed our backlog efficiently and we are sincerely focused on maintaining our accounting books with them. Since most of our local clients are based in Dubai, it becomes easy to communicate on a daily basis and we are happy to recommend them.
I can't say enough positive things about Al Zora. They are truly the best accounting firm in Dubai. Their team of experts has helped us navigate complex financial challenges with ease. Their attention to detail, professionalism, and expertise make them the go-to choice for any business in need of accounting services. I highly recommend Al Zora for all your financial needs.
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