Time Span for Business setup in Dubai
Offering the most substantial and appealing operating environment in the entire middle east region, Dubai has evolved to be a great business hub in the world. The key to the future growth of the country lies in its commercial enterprises and Businesses. Though the process of Business setup in Dubai is a quite quick and convenient process taking 4-5 days but still depends on several factors and certifications obligated to the company’s establishment. Below listed are the factors holding much importance for a Business setup in Dubai.
Business Activity
Determining to start a business, you must have a predefined business activity that you are going to operate: tasks and duties to fulfill. In Dubai, business activities are classified under several heads. Each of them requires different permission and exclusive approvals. Hence, it becomes the first factor that affects the time taken to be taken in setting up the venture.
Shareholding structure
To ensure regularity and reliability of Business, there are several commercial shareholding structures imposed by UAE. Sole proprietorship business setup, civil company business setup, limited liability company business setup, partnership company, private shareholding, and public shareholding are several available structures to choose from. Each of them has specific requirements which would bring fluctuations in time taken for business setup.
Nationality of shareholder/investor
Shareholders or investors involved in the company are another factor influencing the time required for business setup in Dubai. Their involvement requires various approvals from foreign and UAE ministers.
Business jurisdiction
Business Jurisdiction in Dubai is categorized into three parts: Free zone, Mainland, and Offshore. Similar categories of Businesses are allowed to work on the same grounds. The paperwork, requirements, and certification for each jurisdiction vary. Like, It can take up to a few weeks for a business setup in Mainland, whereas companies get established Offshore in merely three days.
