Accelerate Your Business Success
Welcome to EICdubai, the leading Business Setup Consultant in Dubai
I am delighted to extend a warm welcome to you on behalf of EIC Dubai. As the CEO and founder of this dynamic organization, I wanted to take a moment to share our vision, values, and commitment to excellence.
At EIC Dubai, we pride ourselves on being more than just a consulting firm; we are your dedicated partner in navigating the ever-evolving landscape of business challenges and opportunities. Our mission is simple yet profound: to empower businesses, both large and small, to thrive, adapt, and succeed in an increasingly competitive world.
Our Approach: We believe that successful consultancy is rooted in a deep understanding of our clients’ unique needs, aspirations, and pain points. Our approach is consultative, collaborative, and results-driven. We work closely with you to develop tailored solutions that address your specific challenges and capitalize on your strengths.
Our Team: Our dedicated team of experts, with diverse backgrounds and extensive industry experience, forms the backbone of our company. We are proud to have assembled a group of professionals who are not only passionate about what they do but also committed to your success. We bring together a wealth of knowledge, creativity, and innovation to every project.
Our Values: Integrity, excellence, and client-centricity are the cornerstones of our business. We are committed to upholding the highest ethical standards, delivering exceptional results, and putting your needs at the forefront of everything we do. Our success is measured by your success, and your trust in us is the most valuable asset we possess.
Our Services: Whether you’re looking for strategic guidance, operational improvement, digital transformation, or any other business consultancy service, we have the expertise and resources to help you achieve your goals. We offer a comprehensive range of services designed to address the challenges of today’s rapidly changing business environment.
I invite you to explore our website further to learn more about our services, team members, case studies, and the industries we serve. Feel free to reach out to us with any inquiries or to discuss how we can collaborate to drive your business forward.
Thank you for considering EIC Dubai as your trusted partner. We look forward to the opportunity to work with you and contribute to your success.
Kosala Edirisinghe
CEO & Founder
EIC Dubai
Set Up your Business in Dubai
Setting up a business in Dubai can be an attractive option due to its strategic location, business-friendly environment, and tax advantages. The process of establishing a business in Dubai typically involves several steps, and it’s important to understand the legal requirements and regulations involved. Here’s a general overview of the process:
- Choose Your Business Type:
- Determine the type of business activity you want to engage in and the legal structure of your company. Common business forms include:
- Free Zone Company: Ideal for 100% foreign ownership, tax exemptions, and simplified import/export procedures.
- Mainland Company: Allows you to operate anywhere in Dubai, but typically requires a local sponsor (UAE national).
- Offshore Company: Typically used for international business, with restrictions on local operations.
- Determine the type of business activity you want to engage in and the legal structure of your company. Common business forms include:
- Select a Business Name:
- Choose a unique and appropriate name for your business. Make sure it complies with the naming rules and guidelines set by the Dubai Department of Economic Development (DED).
- Register Your Business:
- Depending on your chosen business type, you’ll need to register your company with the appropriate authority, such as the relevant free zone authority, the DED, or the Dubai International Financial Centre (DIFC) for financial services companies.
- Obtain Necessary Licenses and Permits:
- Depending on your business activity, you may need specific licenses and permits. For example, a restaurant would require a food service license.
- Choose a Location:
- If you’re setting up a mainland company, you’ll need to rent office space in a commercial building. Free zone companies often offer business centers or flexi-desk options.
- Apply for Visas:
- You and your employees will need residence visas to live and work in Dubai. Visa eligibility and requirements vary based on your company’s location and type.
- Open a Corporate Bank Account:
- Once your company is registered, open a corporate bank account in Dubai. Choose a bank that suits your business needs and provides the necessary services.
- Comply with Tax Requirements:
- Dubai offers tax advantages, but it’s crucial to understand and comply with tax regulations, including Value Added Tax (VAT) and any relevant customs duties.
- Hire and Manage Staff:
- Recruit and hire employees as needed, ensuring that you comply with labor laws and employment regulations.
- Set Up Accounting and Reporting:
- Establish a robust accounting system and keep accurate financial records to meet regulatory and tax obligations.
- Renew Licenses and Permits:
- Keep track of license and permit renewal dates to ensure your business remains in good standing.
- Network and Build Relationships:
- Building a network and fostering relationships in Dubai is crucial for business success. Attend industry events and join business associations.
- Stay Informed:
- Keep up to date with changes in laws and regulations that may affect your business.
It’s highly recommended to work with local business consultants or law firms experienced in Dubai’s business setup procedures to navigate the process smoothly. The specific requirements and steps can vary depending on the type of business, the location within Dubai, and any changes in regulations, so it’s essential to conduct thorough research and seek professional guidance before starting your business in Dubai.
Our Expert Business Solutions
EICDubai offer a range of services to assist entrepreneurs and businesses in establishing and managing your operations in the city. We specialize in providing guidance, expertise, and support throughout the entire business setup process. Here are some of the key services we typically offer:
- Market Research and Feasibility Studies: Consultancy firms can help you assess the market conditions in Dubai and evaluate the feasibility of your business idea. They can provide insights into market trends, competition, and potential opportunities.
- Business Planning: Consultants can assist in creating a comprehensive business plan that outlines your company’s goals, strategies, financial projections, and growth plans. A well-structured business plan is often required for obtaining financing or investment.
- Legal Structure and Licensing: Consultants can advise you on the most suitable legal structure for your business (e.g., free zone company, mainland company, offshore company) and help you navigate the registration and licensing process with the relevant authorities.
- Location and Real Estate: They can assist in finding suitable office or commercial space for your business operations, whether it’s in a free zone, mainland, or a specific business center.
- Government Approvals and Permissions: These firms can help you obtain the necessary permits, visas, and approvals from government agencies, including the Department of Economic Development (DED), free zone authorities, and the Dubai Chamber of Commerce.
- Corporate Bank Account Setup: Consultants can guide you in opening a corporate bank account in Dubai, helping you choose the right bank and facilitating the account setup process.
- Visa and Immigration Services: They can assist with the visa and immigration process for you and your employees, ensuring compliance with Dubai’s immigration regulations.
- Taxation and Accounting: Consultancy companies can help you understand and comply with tax regulations, including VAT, and set up an accounting system to manage your financial records effectively.
- Human Resources and Staffing: They can provide support in hiring and managing employees, including assistance with labor contracts, payroll, and HR policies.
- Document Translation and Notarization: If your business requires documents in Arabic or requires notarization, these firms can arrange for translation and notarization services.
- Intellectual Property Protection: They can assist with trademark and intellectual property registration to protect your brand and innovations.
- Renewals and Compliance: Consultancy firms often offer ongoing services to help with license renewals, compliance with regulatory changes, and business expansion.
- Advisory Services: Business consultants can provide strategic advice on various aspects of business operations, including marketing, expansion, and compliance with local laws and regulations.
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How long does the registration and licensing process take?
The process depends on the jurisdiction of each of the departments where the business is being set up. However, if the security checks have been cleared and the application fee and all supporting documentation are present and correct, the registration and licensing process can be completed within two to three days.
What is the cost in setting up a business in Dubai?
The general requirements for business registration and licensing include initial approval request, trade name reservation, trade license issuance and license renewal.
What are the business registration categories in Dubai?
There are different types of business setup categories in UAE. They differ by the terms and conditions, the amount of capital you will have to invest.
- General partnership company
- Share partnership company
- Limited liability company
- Joint venture company
- Private shareholding company
- Public shareholding company
- Sole proprietorship
- Civil company
What are the key advantages of mainland companies?
Unrestricted business activities with other mainland companies Vast business opportunities Work with governmental bodies Financially viable
How many tasks can I do under a single license in mainland?
Under the single license, you are allowed to manage ten activities. However, you have to ensure that you engage yourself in the activities that have been labelled in the DED standards.