Quality services in the direction of opening a new business in the United Arab Emirates from 0222 Digital agency in Dubai, Abu Dhabi, United Arab Emirates

At the moment, one of the most developed countries in the world is the United Arab Emirates.

All spheres of the economy are developing in the UAE: the financial segment, construction investments, the hotel business, high technologies, and the IT sphere.

The UAE's borders were among the first to be opened in the world after the outbreak of the pandemic. The UAE authorities approached the security measures wisely and competently applied all world knowledge, which made it possible to further develop the tourism sector.

High-quality management and a modern approach to the legislative branch made it possible to build the economic space in the UAE in such a way that the state has now taken a leading position in the ratings of successful countries. Opening a business here is not only prestigious, but also safe, profitable and cost-effective.

Opening a company in the UAE opens up a huge field of activity for businessmen. You will get a wide range of financial opportunities in the solvent market. Basically, entrepreneurs are attracted by the low level of taxation and the high-quality conditions in which the business operates.

Once in the UAE, you may encounter some difficulties, these nuances may arise when you want to register a company or find new partners. It is necessary to take into account not only the intricacies of the legislation, but also the mentality of the inhabitants of the UAE. One of the first obstacles on the way to starting a new company may be the difficulty of choosing a suitable licensing option, because there are quite a few of them in the UAE. 0222 Digital specialists in Dubai, Abu Dhabi, United Arab Emirates will assist you in this matter.

0222 Digital provide a package of services for successfully starting a business in Dubai, Abu Dhabi, United Arab Emirates, namely:

• Creation and maintenance of the official website of your new company;
• Your brand logo design;
• Qualified approach to FTA registration;
• Consultation in obtaining VAT Certificate;
• Assistance in choosing a license for a company;
• Opening an account for your company;
• Discussion of the location for the location of the office.

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

In the process of opening a company in the UAE, many factors are involved, of which the price consists. Any document involved in the registration of a company must be notarized and legalized in the UAE.

The most popular city for starting a business is Dubai - it is the second largest in the UAE. Dubai is the most modern and innovative city where businessmen from all over the world flock.

Registration of a new company in Dubai includes:

• A certain number of visas that are required for registration;
• Agreements between groups of shareholders;
• Payment of state fees;
• Coverage of rental costs of premises.

All these nuances affect the pricing policy when registering a new business in the UAE. Our 0222 Digital experts will help you calculate the exact cost of setting up a company in the UAE.

What does a businessman need to know to start a business in the UAE?

The United Arab Emirates is not considered an offshore state. The UAE's leadership is building policy in such a way that the numerous treaties for the avoidance of double taxation are implemented. Therefore, before opening a new company in the Emirates, you must obtain a certificate confirming your tax resident status.

There is no exchange control, this applies to any business activity. Dubai has its own system of legislation, it has some differences from the national one. 0222 Digital specialists know all the subtleties and peculiarities of legislation for the correct business conduct.

Also in the UAE you will not find an open list or register of all businesses, as this information is strictly confidential. There is no publicly available information about directors and shareholders. There is no way to issue share certificates at the Dubai facility.

Areas subject to corporate taxes:

• Public catering enterprises;
• Banking sector;
• Oil business;
• Hotel business.

In other industries, income taxes are not provided.

A novice businessman can use the free economic zone to register a company in Dubai. The license is renewed annually. But the amount you spend on buying a license will pay off very quickly thanks to effective tax optimization tools. As a rule, goods in the free economic zone are exempt from import duties.

In the UAE, there are the main forms of business organization:

• Opening an international business company;
• Opening companies in the free economic zone;
• Formation of limited liability companies.

There is a certain generalized standard by which businessmen file business reports. This standard provides for the exchange of tax data, but under certain conditions, entrepreneurs may not be affected by it.

UAE banks transfer information about their clients to the tax authorities. If you register a company in a free economic zone, then you have the opportunity to apply for a residence permit and a UAE passport. This actually gives a residence permit, and acts as an identity card, and for the UAE banking system, you become a full resident.

In order to understand how long it will take you to register a company in Dubai, you need to study:

• The structure of the future company;
• Business form;
• Location for doing business, etc.

Opening a new company in the UAE will take from one week to a month. If this is an FZC company, then it will not take much time, and if you want to open an offshore company, then it will take at least a month.

Opening a bank account will not be complete without your personal visit to the bank branch. Each bank in the UAE is client-oriented, so the registration procedures are as simple as possible.