Registering a business in UAE. Business Setup in UAE generally means registering a company in one of the Emirates, which is a process that requires hiring a local sponsor. The sponsor will own 51% of the company while the foreign investor owns 49%. Businesses can be 100% foreign-owned in Free Zones. Mainland company formation usually takes around 2-4 weeks, while Free Zone company formation in Dubai can be completed in as little as 1 week.
The first step in business setup in UAE is to obtain registration and licensing from the local authorities. This may vary depending on the business type and activity. After the business is registered, a trade license will be issued which will allow the business to operate within UAE. The next step is to open a corporate bank account in any of the UAE banks.
Once the bank account is opened, the company can start its operations. To get a residency visa for employees, one must first set up a limited liability company (LLC). LLCs are required to have a minimum of two shareholders, with at least 51% being UAE nationals. After setting up an LLC, a work permit and residency visa can be applied for employees.
The final step is to obtain the necessary approvals and licenses from government departments and agencies, depending on the business activity