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What are the benefits of starting a business in the UAE?Starting a business in the UAE offers unparalleled advantages. With no personal income tax and low corporate tax rates, it’s a financial haven for entrepreneurs. The UAE’s thriving economy and strategic location make it a global hub, offering access to international markets and attracting major investments. Free zones provide opportunities for 100% foreign ownership, while the country’s modern lifestyle, world-class infrastructure, and diverse talent pool make it the ideal place to start and grow your business.
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Do I need a local sponsor or partner to start a business in the UAE?In the UAE, 100% foreign ownership is allowed in free zones and for many mainland business activities. Free zones offer tax benefits and full ownership, while mainland businesses provide broader trade opportunities within the UAE.
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How do I get a visa to start my business in the UAE?To start a business in the UAE and obtain a visa, you have several options tailored to different needs. The Investor Visa, or Partner Visa, is a common choice for entrepreneurs. After starting or investing in a business, you can apply by submitting documents, completing a health check, and obtaining an Emirates ID, typically within 2 to 3 weeks. For long-term residency, the Golden Visa offers 5 or 10-year options, requiring investments in real estate or businesses. Entrepreneurs with strong ideas can apply for a 2-year Entrepreneur Visa by submitting a business plan and proof of funding. Other options include the Freelance Visa for specific industries like media and design or the Business Exploration Visa, a short-term option for exploring opportunities. Each visa type offers unique benefits depending on your goals.
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How long does it take to set up a company in the UAE?The time required to set up a company in the UAE depends on the type of company and its location. Free zone companies are generally quicker to establish, often taking 1 to 2 weeks, with some free zones processing registrations in as little as 5 to 7 working days once all documents and payments are submitted. Mainland companies typically take longer, with an average setup time of 4 to 8 weeks. While the UAE government offers streamlined options like online registration in 15 minutes, these timelines usually refer to the initial registration phase.
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How can FirstStep UAE help me start my business?At FirstStep UAE, we provide expert guidance to navigate the often-overlooked challenges of starting a business and relocating to the UAE. While the process might seem straightforward at first glance, many hidden complexities can arise, from navigating specific regulations to managing the administrative and logistical hurdles that can cost valuable time and resources. Our team draws on firsthand experience founding companies in the UAE and relocating from Germany, as well as helping other entrepreneurs do the same. This unique perspective allows us to anticipate potential roadblocks and provide tailored solutions, ensuring a smooth and efficient transition. Whether it's selecting the right business setup, securing visas, or connecting you with the resources you need, we’re here to streamline the process and save you time, so you can focus on building your business
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