{"id":3984,"date":"2021-01-06T09:48:34","date_gmt":"2021-01-06T08:48:34","guid":{"rendered":"https:\/\/arqon.ae\/faq\/"},"modified":"2022-09-13T10:07:07","modified_gmt":"2022-09-13T08:07:07","slug":"faq","status":"publish","type":"page","link":"https:\/\/arqon.ae\/en\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

frequently asked Questions<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t
\n\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t
<\/i><\/span><\/i><\/span><\/div>
What are the business jurisdictions in the UAE and Dubai?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t
There are three jurisdictions for companies in the UAE and Dubai – the Mainland, Freezones and Offshore areas. We will advise you where incorporation makes the most sense for your intended venture. However, we do not advise setting up an offshore company as it is extremely difficult to obtain a corporate bank account for this purpose.<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t
<\/i><\/span><\/i><\/span><\/div>
What are the costs of setting up a business in Dubai?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t
The cost of setting up a business in Dubai depends on various factors such as company form, licensing fees, regulatory approvals, number of visas, etc. \nArqon will provide you with a proposal tailored to your personal needs.<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t
<\/i><\/span><\/i><\/span><\/div>
What types of trade licenses do exist in Dubai?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t
There are primarily three types of business licenses in Dubai, depending on the type of business you wish to establish. These include the commercial license, the industrial license, and the professional license. The Department of Economic Development (DED) is responsible for these licenses. In addition, there is a license to provide tourism services. The Department of Tourism and Commerce Marketing (DTCM) is responsible for issuing these licenses.<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t
<\/i><\/span><\/i><\/span><\/div>
What are the steps for setting up a business (Mainland) in Dubai?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t

The steps to establish a business are as follows:<\/p>

  • 1. Confirmation of the license as well as the business purpose(s)<\/li>
  • 2. Determination of the company name<\/li>
  • 3. Search for a location (optional)<\/li>
  • 4. Obtaining initial approval from the Department of Economic Development (DED)<\/li>
  • 5. Renting business and office space<\/li>
  • 6. Attesting Ejari<\/li>
  • 7. Applying for trade license<\/li>
  • 8. Obtaining the license and starting the business<\/li>
  • 9. Setting up of the company and registration with Dubai Chamber of Commerce\/other relevant authorities<\/li><\/ul><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>
    \n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    <\/i><\/span><\/i><\/span><\/div>
    How long does it take to setup a business in Dubai?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t

    The mere business setup is very fast and usually takes a few days. We are able to carry out your business setup without your presence.<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>

    \n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    <\/i><\/span><\/i><\/span><\/div>
    How long is a business license valid?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    The business license is valid for 1 year. The license must be renewed for another year at a time. Renewal fees are due for this. If a termination of the license is not applied for and the payment of the fees is missed, penalties are due.<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>
    \n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    <\/i><\/span><\/i><\/span><\/div>
    Is it possible to set up a Limited Liability Company (LLC) in the Mainland with 100% ownership?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    Yes, this is possible. Arqon will gladly take on this project for you.<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>
    \n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    <\/i><\/span><\/i><\/span><\/div>
    How expensive is Dubai?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    The cost of living in Dubai is slightly higher than in Germany. There are some things (such as gasoline, car insurance and some fruits and vegetables) that are much cheaper in Dubai. On the other hand, there are things (Internet, cell phone rates and clothing) that are more cost-intensive in Dubai.<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>
    \n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    <\/i><\/span><\/i><\/span><\/div>
    Is a residency required for the purposes of setting up a business in Dubai?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    Residency in Dubai is not required, but may be useful depending on the company form and from a tax perspective.<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>
    \n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    <\/i><\/span><\/i><\/span><\/div>
    What is the difference between a free zone company and a mainland company?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t

    “In the UAE and Dubai, there is a distinction between mainland and free zone companies. The territory of the individual emirates of the UAE, with the exception of the free zones, is referred to as mainland. Companies in the mainland are subject to the state legal system. The Department of Economic Development (DED) is responsible for regulation. Mainland companies are not subject to any territorial restrictions and can do business both within and outside the country’s borders.<\/p>

    Free zone companies are located in so-called Designated Zones, which are generally not part of the UAE tax territory. Most Freezones guarantee a 50-year tax exemption. Freezones as such are managed independently of the state and the underlying legal system. Companies within the Freezone may only conduct business within the respective Freezone or outside the UAE.”<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>

    \n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    <\/i><\/span><\/i><\/span><\/div>
    How much time does the visa process take?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    The visa process is initiated after business setup and takes approximately 3 to 4 business days.<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>
    \n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    <\/i><\/span><\/i><\/span><\/div>
    How long are the visas valid?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    Visas for partners of the company are valid for 3 years, and for employees 2 years.<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>
    \n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t
    <\/i><\/span><\/i><\/span><\/div>
    What taxes are levied in Dubai?<\/div>\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t

    The UAE does not levy income tax on individuals.
    With the exception of oil companies and foreign banks, corporate income tax and business tax are also not levied on companies.
    Value-added tax (VAT) was introduced in the UAE on January 1, 2018. The VAT rate is 5 percent. Tourists and visitors can apply for VAT refunds on purchases made during their stay in the UAE.<\/p>

    The UAE announced on January 31, 2022, that a corporate income tax rate of 9 percent will be introduced for companies from June 1, 2023, to meet international transparency standards and also to address the challenges of digitization in the global economy. Small companies and start-ups
    are to be relieved and, meanwhile, the tax will only apply above a threshold amount of AED 375,000. The tax rate is to apply to all profits and other net amounts reported in financial statements prepared in accordance with internationally accepted accounting standards.<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

    frequently asked Questions What are the business jurisdictions in the UAE and Dubai? There are three jurisdictions for companies in the UAE and Dubai – the Mainland, Freezones and Offshore areas. We will advise you where incorporation makes the most sense for your intended venture. However, we do not advise setting up an offshore company […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_mi_skip_tracking":false},"_links":{"self":[{"href":"https:\/\/arqon.ae\/en\/wp-json\/wp\/v2\/pages\/3984"}],"collection":[{"href":"https:\/\/arqon.ae\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/arqon.ae\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/arqon.ae\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arqon.ae\/en\/wp-json\/wp\/v2\/comments?post=3984"}],"version-history":[{"count":0,"href":"https:\/\/arqon.ae\/en\/wp-json\/wp\/v2\/pages\/3984\/revisions"}],"wp:attachment":[{"href":"https:\/\/arqon.ae\/en\/wp-json\/wp\/v2\/media?parent=3984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}