Question 1

How much does it cost to set up a business in the UAE?

Accepted Answer

Business setup costs in the UAE vary depending on the license type, jurisdiction (Mainland, Freezone, or Offshore), and additional services like visas or office space. Typically, setup can range from AED 5,000 to AED 30,000+.

Question 2

How long does it take to set up a company in Dubai?

Accepted Answer

Most businesses can be registered within 3 to 10 working days, depending on the company structure and the chosen authority or free zone.

Question 3

What types of business licenses are available in Dubai?

Accepted Answer

Dubai offers several business license types, including Commercial, Professional, Industrial, and Tourism licenses. The license type depends on the nature of your business activity.

Question 4

Can I make amendments to my UAE business license in the future?

Accepted Answer

Yes, you can amend your license for changes such as business activity, trade name, or ownership structure, provided you comply with the authority’s guidelines and submit the necessary documents.

Question 5

Who can be appointed as a local service agent for a foreign company branch?

Accepted Answer

A UAE national or a 100% Emirati-owned company can be appointed as a local service agent for a foreign branch. The agent has no ownership but facilitates regulatory compliance.

Question 6

What happens if I don't renew my business license on time?

Accepted Answer

Failure to renew your business license can lead to penalties, blacklisting, and possible legal action. It may also affect your visa and bank account status.

Question 7

In which language should the memorandum be written?

Accepted Answer

The Memorandum of Association (MOA) must be written in Arabic or bilingual (Arabic-English), as Arabic is the official legal language in the UAE.

Question 8

What factors affect business setup costs?

Accepted Answer

Costs depend on multiple factors such as business activity, chosen jurisdiction, visa requirements, office space, and optional services like PRO assistance or legal translations.

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