23/07/2024 Business Opportunities, Franchise
Are you considering starting a business in Dubai, UAE, a prominent business hub in the Middle East and North Africa (MENA) Region? As an investor or entrepreneur looking to establish a presence in Dubai, it is vital to understand the local laws and legal framework to avoid expensive mistakes and delays.
Company formation in Dubai offers numerous advantages, including:
100% foreign business ownership
Strategic location with a favorable business environment
No income tax and a low corporate tax rate
100% transfer of capital and profit to home country
The legal authority overseeing company formation in Dubai is the Department of Economy and Tourism (DET). The DET offers four main types of trade licenses in Dubai, each of which permits a set of business activities, whether you want to open a mainland or freezone company in Dubai.
This guide will equip you with the types, procedures, and requirements to get a business license in Dubai.
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