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  • Why is Flag Strategies the best partner for your business setup in Dubai?
    As Flag Strategies, we specialize in helping individuals and companies get off to a successful start in Dubai. We understand that starting a business in a foreign country can be a complex task, but we are here to simplify this process for you. We offer you a comprehensive package of services, ranging from advice on choosing the best business location in Dubai to actually setting up your company. Our goal is to make sure you can start doing business in Dubai quickly and efficiently. We are aware that a successful start in Dubai requires more than just a successful company formation. Therefore, we also support our clients in connecting and creating synergies with other companies in Dubai to maximize business opportunities. Our experts have extensive experience in setting up businesses in Dubai and understand the challenges that can be encountered on the road to running a successful business. We make sure all aspects of setting up your business are taken care of, including complying with local laws and regulations and minimizing costs. By working with Flag Strategies, you can rest assured that you are in good hands and can start your business in Dubai quickly and smoothly. We are always at your service and look forward to helping you set up your business in Dubai. Visit our YouTube channel and discover fascinating interviews with experts from our network. We cordially invite you to take a look and be inspired. Our channel offers insights into various industries and topics, from business start-upsin Dubai to successful business strategies. We believe that sharing knowledge and experience is an important part of business success and our channel offers a great opportunity to learn from the best.
  • What is the cost of living in Dubai?
    Dubai is known for its high standard of living and luxurious offerings, which is reflected in the cost of living. The cost of living in Dubai can vary depending on lifestyle and location. Rent for an apartment or house is often the largest expense item, but transportation, food and leisure activities can also add up. Compared to European cities, the cost of living in Dubai can be higher. However, there are also plenty of budget options, especially if you're willing to live just outside the city center. Nevertheless, Dubai offers many advantages for expats, including tax advantages, a multicultural environment and a first-class infrastructure. It is important to be clear about the cost of living in Dubai before making a decision and to set a realistic budget to sustain your lifestyle. Please note that prices may vary depending on location and quality of facilities. This table is intended as a guide only and cannot take into account all individual factors that may affect the cost of living.
  • Do you I have to pay taxes in Dubai?
    Dubai has no income tax and no capital gains tax. However, since 2018 a Value Added Tax (VAT) of 5% has been introduced. In addition, there are other taxes such as property tax (DLD-Fee) when buying real estate (4%) and a tourism tax. As far as corporate taxes are concerned, companies in free trade zones are tax-exempt. For mainland companies, however, a corporation tax of 9% is under discussion from mid-2023.
  • How long does it take to incorporate a company in Dubai?
    The time it takes for a company to be incorporated in Dubai depends on the type of company and the extent of the registration and licensing processes. It can take between 2 and 3 weeks. It is possible to start the process while outside the country. However, in order to complete the incorporation of the company and obtain the residency permit and Emirates ID, you need to come to Dubai for about 6 business days.
  • What is the cost of incorporating a company in Dubai?
    The cost of setting up a company in Dubai varies depending on the type of company (Mainland or Freezone) and the activity (there are more than 2,000 different licenses). In addition, the number of shareholders, the number of visas required and the type ( Flexidesk or physical) and location of the office further influence the costs. Get contact us and together we will discuss the best solution and costs for founding your company.
  • Do I have to live in Dubai to set up a company?
    No, it is not necessary to live in Dubai to set up a company. However, if you decide to apply for an investor visa, you must enter the country every 12 months to ensure that your visa remains valid. Some banks also require proof of your residential address. Contact us and we'll be happy to help you find a solution.
  • What are the advantages of setting up a company in Dubai?
    The advantages of incorporating a business in Dubai include a stable economy, favorable taxes and duties, a central location, easy registration and licensing policies and a wide range of business opportunities.
  • What are the requirements to set up a company in Dubai?
    Anyone who is not in debt in Dubai and is over the age of 21 has the opportunity to set up a company in Dubai. To incorporate a company in Dubai you will need the following documents: Desired name of the company Passport copy and current address of the shareholder(s) (share split, if any) phone number and email address Passport photo (scan in high resolution) First name of mother and father, religious affiliation, education (highest degree)
  • What is the process of setting up a company in Dubai?
    In general, the following steps for incorporating a company in Dubai can be expected: Choose a legal form for your business, Mainland or Free Zone? Choose the right license for your company (there are more than 2,000 different activities) Apply for a trading license from the relevant authority or Free Zone For Mainland companies, register your company with the Dubai Department of Economic Development (DED) and the Dubai Chamber of Commerce and obtain the necessary permits. Rent an office or flexi-desk depending on your trading license requirements. The exact process may vary depending on the type of business and the requirements of the relevant authorities. We at Flag Strategies will advise you and support you in setting up your company in Dubai.
  • What types of companies can be incorporated in Dubai?
    There are 2 main types of companies that can be incorporated in Dubai. Therefore, the first step is to decide whether a mainland company or a free zone company is right for your needs. You can find more information about the difference here.
  • Which banks are recommended for opening a bank account in Dubai?
    We work with a large number of banks. There are various options, from international banks such as HSBC, Citibank or Standard Chartered to regional banks such as Emirates NBD, Mashreq Bank or First Abu Dhabi Bank. We also cooperate with private banks and crypto banks. Depending on your needs, we can discuss the best possible solution for you together.
  • What are the steps to take to open a bank account in Dubai?
    To open a bank account in Dubai, you must first select a bank in Dubai. You will then need to provide the necessary documentation, including your passport, resident permit, proof of address and, in many cases, a utility bill. To open a business account, you also need a trade license and a registered office. Our job is to take care of all your documents and help you open your accounts to ensure you are up and running as soon as possible.
  • How long does it take to open a bank account in Dubai?
    The time it takes to open a bank account in Dubai depends on the bank and account opening requirements. However, it usually takes between 3 and 6 business days to open a bank account in Dubai.
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