Sparta Galaxy Management Consultancy FZ LLC is a Trusted Name in Company Formation in Dubai.
Dubai is an evergreen business destination because of the ease of doing business that it offers and the forward-looking, investment-friendly policies that have been implemented by the UAE government to encourage all procedures related to Dubai company formation with bank account. According to new figures released by the Central Bank of the UAE, the country’s economic growth is likely to stage a complete recovery from the impact of the worldwide COVID-19 pandemic in 2022, with its real gross domestic product (GDP) registering an increase of 3.5 percent.
All those wanting to know how to set up a company in Dubai will feel further enthused with the recent amendments to UAE’s nationality laws which have done away with the need for companies to have Emirati shareholders.
Company formation in Dubai has been made a simpler and speedier process in the UAE’s various trade zones. Entrepreneurs can avail enormous business benefits and perks offered by Dubai, a popular choice among foreign investors for setting up their business. And, the reasons are not hard to seek –UAE laws allow flexible foreign ownership norms, tax savings, state-of-the-art business infrastructure, e-governance business ecosystem, royal lifestyle, and mushrooming business opportunities.
Sparta Galaxy Consultancy is counted among the business setup consultants in Dubai. We have helped a large number of companies establish themselves in various trade zones and open their bank accounts. We provide complete assistance for registering a company in Dubai. In sync with your exact business requirement and the nature of business operations, our team will guide you with the fulfillment of all necessary norms for company formation in the region.
We will let you know how to set up a business in Dubai in a step-by-step manner. If you are an investor, you can choose from a wide range of company registration options – mainland, free zone, or offshore company.
How to open a company in Dubai Free zone
Very popular with foreign entrepreneurs, free zones offer 0% corporation and personal tax, complete company ownership, repatriation of capital and profits, import and export tax exemption, besides no currency restrictions.
Free Zones in Dubai offers a wide range of business activities and license types for investors to start their business in UAE. While some of them only allow certain types of activity, such as media, medical, or transport, if your business relies heavily on import and export, it will make sense to go for a free zone situated in the vicinity of an airport or port.
Free Zone companies are 100% foreign-owned entities. Their registration in Dubai is relatively easier than a mainland company formation, apart from a host of other business benefits such as tax-free income, no customs duty, etc.
Mainland company formation in Dubai
If you want to form a mainland company, you will have to partner with a UAE national or a local service agent. As Dubai mainland houses many big multinational companies, small and medium companies, retail shops, restaurants, coffee shops, shopping centers, and more, global brands are always on the lookout for an opportunity to tap into the main Dubai market. It provides them unlimited opportunities to actively reach out to a multi-cultural audience and spread their wings to local UAE markets.
Offshore company formation in Dubai
Setting up an offshore company in Dubai offers investors several benefits such as tax savings, profit repatriation, foreign ownership, etc.
An offshore company, registered as an International Business Company (IBC), facilitates international trade. Sparta Galaxy runs the best offshore company formation service in Dubai.
Not eligible to trade in the local UAE market, an offshore company is out of the purview of UAE’s local business jurisdictions, legal systems, VAT & UAE customs. It is for this reason that international trading companies, holding companies, consulting services, property investors, etc., register as offshore entities.
However, employees of offshore companies are not eligible for any residence visa. Even opening a bank account of such companies is subject to strict and time-consuming compliance checks.
How much does it cost to set up a company in Dubai free zone
The cost of a free zone company registration in Dubai is quite affordable. You can register a free zone company in Dubai at a modest cost of AED 11,500 for a one visa quota package.