Over the past few decades, Dubai has significantly emerged as a global investment hub and stands out as the most futuristic trading destination of the world. The feasible business environment, stable economic growth, and the deluge of opportunities are a few of the reasons that attract foreign investors and business owners for their new business setup in Dubai. If you are one among the entrepreneurs who would like to establish your business in Dubai and be a part of the flourishing economy, then The Executive Lounge Business Center is here to help you with the most reliable services. We are a leading business consultant in Dubai with a team of experts to guide you through the entire business setup process from legal formalities to visa processing. 
 
Read through to understand how you can benefit from your new business setup in Dubai. 

Benefits of business setup in Dubai

Whether it is a free zone business setup or mainland business setup, you will enjoy a lot of benefits when you establish your business in Dubai. Here are a few of them:

• •    You will be able to have 100% ownership of your business
  •    You can enjoy tax-free income from your business
  •    Your business will have exposure to international markets
  •    You can expand your business in any parts of the UAE
  •    You can establish your business with minimal capital requirements
  •    There is no limitation on the number of visas required for your employees or your family members
  •    You will get 100% repatriation of your capital
  •    No need for yearly audit for your business
  •    Simplified financial reporting system
  •    You can hire talent from anywhere as there is no restriction on hiring resources from around the world
  •    The registration process is simple and hassle-free

To avail maximum benefits from your new business setup in Dubai, it is always recommended to hire the best consultant. The Executive Lounge Business Center will ease the entire business setup process and help you achieve your business goals efficiently.
 

Legal steps for business setup in Dubai 

Setting up a new business in Dubai is easy when you understand the UAE guidelines and legal formalities required. Here is the basic step-by-step process that is required for your new business setup in Dubai.

• • Choose a business activity that best suits the sector where you set up your business. The license and visa requirements depend on the type of business activity you choose.
• • The UAE follows strict naming conventions. Therefore, you need to come up with a company name that matches the UAE Company naming standards.
• • Once you chose your business activity and company name, you need to submit all the paperwork to government authorities to get relevant approvals. 
• • If all the paperwork is correct, you will get a license for your business from the UAE government.
• • Open a corporate bank account from the local and international banks available in Dubai.
• • Apply for business immigration card at the immigration authority.
• • Apply for your own visa and for your employees and dependents.

Once you get all the legal approvals and visas required you are ready to do business in Dubai. Our experts will advise you at every step of the process and help smooth your business setup in Dubai

Types of business setup in Dubai 

Company formation in Dubai includes free zone business setup, mainland business setup, and offshore company setup. These diverse types of company formations will come with distinct advantages and your business type can be decided based on your business nature and various other factors. 

Conclusion

Whether it a mainland business setup or free zone business setup, we suggest you with the right advice and prompt solutions at every step of the company formation process based on your business nature and help you optimize your investments.