FAQs

Question:
What is a trading license?

Answer:
A Trading License allows a business to undertake a specific business activity or concern. This is being issued by the Economic Development Department. A trading license must be obtained first before one can start undertaking any business activity.

Question:
I want to setup a business in Dubai. What are the options?

Answer:
You can either setup in the mainland or in a free zone. The biggest difference is in the ownership regulations.

If you setup in the mainland, you will need a UAE national to be your sponsor. For a trading company, this means the local sponsor must own 51% of the shares. However, the sponsor can provide you with a power of attorney and avoid any involvement in the operations or profit sharing. For a professional company, the ownership is 100% for the investor, but a local service agent is still a requirement.

In a free zone, there is no such sponsorship required.

Question:
Can you process investor and residence visa for me, my family and employees? Answer: Yes. We can process all your required visas for you, your family and your employees. Question: Can I just make you arrange a Bank account for my business?

Answer:
Yes and you can choose the bank you wish to have an account with for yourself and your company. The bank account will be provided for you upon the establishment of your business.