- Select the Appropriate Business Structure: Dubai offers several business structures, including Free Zone companies, Mainland companies, and Offshore companies. Each has its unique advantages:
- Free Zone Companies: Provide 100% foreign ownership, tax exemptions, and simplified processes.
- Mainland Companies: Allow you to operate in the local market, though they may require a local sponsor or agent.
- Offshore Companies: Ideal for international trade or asset protection without a physical office requirement in Dubai.
- Choose Your Business Activity: Decide on a business activity from the approved list provided by Dubai's Department of Economic Development (DED) or Free Zone authorities. This choice determines your licensing requirements.
- Register Your Company:
- Reserve a trade name.
- Submit required documents such as copyright copies, visa details, and a No Objection Certificate (NOC) if applicable.
- Obtain initial approval from the DED or relevant Free Zone Authority.
- Lease Office Space: Depending on your business type, you may need to lease physical office space or opt for a virtual office setup in a Free Zone.
- Obtain a Trade License: Apply for your trade license by submitting all necessary documents and fees. The type of license—commercial, professional, or industrial—depends on your chosen activity.
- Set Up a Corporate Bank Account: Open a corporate bank account in Dubai to manage your business finances.
Employing Yourself as a Manager
After setting up your company, you can appoint yourself as the Manager. This allows you to:
- Draw a salary.
- Sponsor your own UAE residence visa under the company.
To complete the visa process, you’ll need to undergo medical tests, Emirates ID registration, and visa stamping.
Working for Another Company
While managing your own business, you may consider working for another company in Dubai. However, this requires adherence to UAE labor laws:
Advantages of Setting Up a Company in Dubai as an Indian Citizen100% Ownership in Free Zones:
- 100% Ownership in Free Zones: No need for a local partner.
- Tax Benefits: Free Zones often offer a 0% corporate tax rate.
- Business-Friendly Environment: Streamlined procedures and robust legal systems.
- Strategic Location: Access to global markets and advanced infrastructure.
Important Considerations
- Visa Limitations: Your UAE residence visa sponsored by your company doesn’t automatically allow employment elsewhere without proper permissions.
- Legal Compliance: Abide by UAE labor laws to avoid penalties.
- Expert Assistance: Engaging a business setup consultant can simplify the process and help navigate legal complexities.
By following these steps, an Indian citizen can establish a company in Dubai, employ themselves as a Manager, and legally pursue additional work opportunities, provided they comply with UAE regulations.