How to register a company in Dubai and stay

Benefits of living in Dubai

Dubai is a vibrant and cosmopolitan city that offers a unique blend of modern living and traditional culture. It has become a popular destination for expats from all over the world, attracted by its strong economy, high quality of life, and diverse range of attractions.

Here are some of the key benefits of living in Dubai:

1. Strong economy and job opportunities: Dubai is a major business and financial center in the Middle East, with a strong and diversified economy. This creates a wealth of job opportunities for people with a wide range of skills and experience, particularly in sectors such as real estate, tourism, finance, and technology.

2. High salaries and benefits: Salaries and benefits in Dubai are generally high compared to many other countries, especially for skilled professionals in in-demand fields. This allows people to enjoy a comfortable lifestyle and save for the future.

3. Tax-free environment: The United Arab Emirates, with the exception of Dubai, does not levy any personal or corporate income taxes. This makes Dubai an attractive location for entrepreneurs and investors, as they can retain more of their earnings.

4. Modern and advanced infrastructure: Dubai boasts world-class infrastructure, including well-maintained roads, a modern transportation system, state-of-the-art hospitals, and a reliable electricity grid. This contributes to a high standard of living for residents.

5. Safety and stability: The United Arab Emirates is one of the safest countries in the world, with low crime rates and political stability. Dubai is particularly safe, with a strong focus on law enforcement and public safety.

6. Cultural diversity: Dubai is a multicultural hub, with people from all over the world living and working in the city. This creates a dynamic and vibrant atmosphere and allows you to experience different cultures and perspectives.

7. Luxurious lifestyle: Dubai is renowned for its luxury lifestyle, with high-end shopping malls, fine-dining restaurants, opulent hotels, and a variety of leisure activities. You can enjoy a glamorous and exciting lifestyle in Dubai.

8. Access to tourist attractions: Dubai is home to some of the world's most iconic landmarks, such as the Burj Khalifa, the Palm Jumeirah, and Wild Wadi Waterpark. These attractions offer endless entertainment and opportunities for exploration.

9. Warm climate: Dubai has a hot desert climate with sunny summers and mild winters. While the summers can be hot, the beaches and air conditioning provide relief.

10. Convenient location: Dubai is strategically located at the crossroads of Africa, Asia, and Europe. This provides easy access to air travel to destinations around the world, making it convenient for international travel and business connections.

Registering a company in Dubai is a popular way to obtain residency in the United Arab Emirates. It offers several advantages:

• No language requirement: Unlike other immigration methods, you don't need to provide language certificates for residency through company registration.
• 100% company ownership: In certain Dubai company structures, like LLCs, you can fully own the company without an Emirati partner.
• Zero income tax: The UAE is an investor's paradise with no personal income tax.
• Low VAT: The Value Added Tax (VAT) rate in the UAE is just 5%, significantly lower than many countries.
• Family sponsor visas: With a Dubai company, you can sponsor residency visas for your spouse and children.

Steps to Dubai residency via company registration:

1. Choose a company type: This depends on your business needs. Options include LLCs, public and private shareholding companies, and partnerships.
2. Select a company name: Ensure it's unique and not already registered.
3. Prepare documents: You'll need passports, visas, police clearances, and business plans.
4. Obtain licenses: After completing paperwork and paying fees, acquire the necessary licenses from Dubai's Department of Economic Development.
5. Lease an office: Renting office space is mandatory for company registration.
6. Open a bank account: Establish a corporate bank account in Dubai.
7. Hire employees: Some company structures, like LLCs, require hiring at least one Emirati employee.
8. Apply for residency visas: Once the company is registered and licensed, apply for residency visas for yourself and your family.

Costs of Dubai residency via company registration:

Costs can vary depending on the company type, family size, and other factors. Generally, they include:

• Company registration fees: These range from a few thousand to tens of thousands of dirhams.
• Licensing fees: Obtaining necessary licenses can cost several thousand dirhams.
• Office rent: This depends on location and size of the office space.
• Visa fees: Residency visa fees are around 3,000 dirhams per person.

Benefits of Dubai residency via company registration:

• Live and work in Dubai: Freely reside and conduct business in the country.
• Access to education and healthcare: Utilize Dubai's high-quality educational and healthcare facilities for yourself and your family.
• Visa-free travel in the GCC: Travel freely within the Gulf Cooperation Council countries with your Dubai residency.
• Security and stability: The UAE is known for its safety and political stability.

Drawbacks of Dubai residency via company registration:

• Costs: The overall process can be expensive.
• Complexity: Registering a company and obtaining residency can be intricate and time-consuming.
• Competition: Dubai's job market is highly competitive, so finding suitable employment might be challenging.

Important points:

• Consult an experienced immigration advisor before starting a company in Dubai.
• Thoroughly understand the regulations for company registration and residency procedures.
• Research business opportunities to ensure a successful venture.

You can contact our experts at Astravel for more information on staying in Dubai.