Starting a business in Dubai or an Off Shore company involves understanding the difference between mainland, free-zone and offshore company formation. Thereafter you need to choose a licence based on the activities and services that you wish to provide.
If you are planning on setting up a business there are a number of factors that you need to consider.
- Cost of setting up a business. Setting up a business involves raising capital investment,paying for licences and employee visas. The cost of setting up a business depends on the nature of the activity; whether it is commercial, industrial or service orientated. the legal form of the business; whether it is an establishment, a company, or a branch of a company.
- Capital requirements for different business zones will vary for example in the free zones versus mainland and offshore. These should be mentioned in the memorandum of association.
- Choosing the right location and selecting the licence that is best suited for your business.
