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FAQs
Frequently Asked Questions (FAQs) About Business Setup in Dubai
Setting up a business in Dubai can be an exciting yet complex process. Here are answers to some of the most commonly asked questions.
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1. General Business Setup Questions
You can choose between Mainland, Free Zone, and Offshore business setups, each offering different benefits based on your business needs.
Depending on the type of business and approvals required, it can take anywhere from a few days to a couple of weeks.
2. Visa-Related Questions
Yes, business owners and employees can obtain a UAE residence visa based on company sponsorship.
What is the validity period of a UAE business visa?
3. License Type Questions
A trade license is for companies involved in trading goods, while a professional license is for service-based businesses like consulting, IT, and freelancing.
Mainland companies require a local sponsor (51% ownership), but Free Zone and Offshore companies allow 100% foreign ownership.
4. Banking & Finance Questions
Yes, UAE banks allow business owners to open corporate bank accounts, but requirements vary by bank.
Most businesses enjoy zero corporate tax, but VAT (5%) applies to applicable industries.
For more questions or specific assistance, contact StartormUAE, and our experts will guide you through every step of your business setup journey.