Frequently Asked Questions
Client FAQs
Licensing to carry out business activities in Dubai happens in three stages.
- Initial approval where an individual or a company submits an application for approval of the activities intended for the said business.
- Ensuring all legal requirements are met by the investor. This includes authentication of the investor’s identification, educational qualifications and all financial matters involved in the establishment of the business.
- Verification of the business premises and issuance of the investor visa.
In most cases Dubai is completely tax-free
An offshore company is an independent legal entity with limited liability and must have atleast one shareholder. The liability of the partners or shareholders is limited to their capital contribution.
An offshore company offers you a list of advantages:
- Operating costs are reduced while increasing overall profit of the company.
- Outsourcing of desired talents and skills optimizes the efficiency of the company.
- Core competencies are polished with more productivity.
- Higher value is created with re-allocation of the internal resources.
- Problematic and tough functions are efficiently managed.
- Internal issues are rightly addressed with a cost-effective approach.
- No income or capital gain tax.
- No corporate tax.
- No duties on imports or exports.
- 100% foreign ownership.
- No recruitment problems as Dubai has a large number of skilled professionals and un-skilled labor.
- Attractive working environment.
- No restrictions on currency.
- Excellent support services from free zone authorities and the Government of Dubai.
There are more than 40 Free Zones operating in UAE, with over 20 freezones in Dubai alone. Illimite Business Consulting can make things simple for you by helping you choose the right freezone for your business.
It can take as little as five days or can take up to six weeks to start your business in Dubai depending on the company type and structure. Company registration is the initial step of which it is a matter of gathering all documentation.
People from more than 200 nationalities live and work in Dubai. There is no shortage of manpower in UAE. Both skilled and unskilled labor come to Dubai in search of work opportunity. Once you have established a country, you can either hire from the pool already available in Dubai or you can opt to hire people from your country of origin after fulfilling legal requirements.
