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Dubai’s Booming Economy – What it Means for Dubai Company Formations

Dubai’s Booming Economy – What it Means for Dubai Company Formations

July, 2017

The Business Registration and Licensing (BRL) unit at Dubai Economy has issued 10,455 commercial licenses during the first half of 2017.  This means the BRL has been issuing 1,743 licenses on average per month, according to a report by Khaleej Times.

These record breaking business licensing figures prove the strong focus on Dubai by investors and the strong competitiveness of the emirate.

The strengthening of Dubai’s economy always leads to a considerable increase of investors who choose Dubai as the ideal jurisdiction for setting up companies.

Contact Us if You are an Investor and are Interested in a Dubai Company Formation

These figures are proof of Dubai’s success in cementing its position as a highly attractive global and regional business hub that offers significant financial benefits to global investors.

Dubai has been able to offset the impact of key challenges such as major currency fluctuations and slower worldwide economic growth.

Dubai has Proven its Popularity with Investors – Click Here to Start Your Dubai Company Formation

Why Dubai Company Formation?

Offering superb business opportunities, Dubai attracts investors from all corners of the world. Dubai offers a tax-free business environment as well as a high quality lifestyle and safety.

The key advantages of setting up a company in Dubai are highlighted below:

Start Your Dubai Company Formation – Contact Us

Dubai Company Advantages
0% TaxesYour Dubai company won’t be liable for the payment of income or corporate tax.  Also there are no taxes on sales, wealth or capital.
100% foreign ownershipForeign investors can own 100% of the company if it is located in a Dubai free zone or a free zone in any other emirate.
0% import and excise dutiesYou can enjoy 100% exemption from import and export custom duties.  There are zero trade barrier quotas and foreign exchange controls.
100% free profits repatriation100% of profits from your business can be repatriated.
World-class, modern infrastructureYou will have access to the most advanced infrastructure available globally.  Superb logistic and telecommunications infrastructures for ease of international trade.
Cost-efficiencyDubai company formations have low setup costs and access to government-subsidized energy.
Superb, modern facilitiesDubai’s free zones provide a wide range of facilities such as plots of land, warehouses, business centers  and offices.

Focus Business Services (FBS) Kotsomitis is one of the leading company formation and corporate services providers in the UAE.  The FBS Group is an international Group with Head Offices in Dubai and offices in Ras Al Khaimah, Cyprus, Malta, Greece and the Seychelles.

Our UAE team provides assistance to investors and entrepreneurs setting up businesses in Dubai, RAK or anywhere in the UAE.

Contact One of Our Professionals for Your Dubai Company Formation

Let us handle the whole process of setting up your company quickly, easily and efficiently.

We can handle your Dubai Company Formation, Business License, opening of corporate and personal bank accounts, visa processing and all government related services.

After your company is set up, our team of professionals are here to assist you with operating your company by providing services such as:

  • VAT
  • Visa
  • Banking
  • Accounting
  • Bookkeeping
  • Tax
  • A host of other services

 There are only 5 simple steps involved in setting up your own Dubai Company Formation – Click Here for more details of the 5 Steps for Your Dubai Company Formation

Click Here to Read about Dubai Company Formation – Essential Information and Facts

Businesses are Thriving in Dubai – Do You Want to be Part of Dubai’s Success?

Non-Oil Revenues

The emirate of Dubai has witnessed astonishing growth during the past 10 years in all its sectors.  Being part of the UAE, Dubai’s economy was traditionally heavily affected by the price of oil.  Nowadays, as a result of robust government strategies and sheer hard work there is a shift from reliance on oil to the boosting of non-oil revenues from services, trade, construction, tourism and finance sectors.

Predictions for the growth of Dubai’s economy in 2017, according to the Economic Development Committee of Dubai are 3.1%.

Dubai’s Free Zones

Dubai’s free zones are another reason for its healthy economy.  A free zone is a designated area where standard trade practices and regulations such as tariffs or trade barriers are exempted or reduced.  Free zones are established for the purpose of encouraging more foreign investment.  They adhere to unique laws covering ownership, labour and taxation. It is easy to set up companies in the free zones as there are fast and simple setup processes and one-stop Government services.

Companies in free zones are permitted 100% foreign ownership, unlike companies in non-free zones, that require at least 51% ownership by a UAE national and the remaining 49% ownership by the foreign owner.

We are the EXPERTS in Dubai Free Zones and Dubai Company Formation – Contact Us to Start the Process

Strategic Geographical Location

Dubai’s strategic location between Asia and Europe has helped it become a key part of global trade as well as an extremely popular and easily accessible destination for tourists.

SME’s – Dubai’s Backbone

SME’s account for 95% of the total number of companies in Dubai.  The government is aiming to boost the contribution of SME’s to 45% of GDP by 2021 by providing assistance to 40,000 startups which will add AED 65 billion or so to Dubai’s economy….Nice…

Dubai’s government is constantly striving to improve its commercial transparency by introducing dynamic regulations that aid the success of small and medium enterprises.  The encouragement of diversification and the removing of barriers for investors in all sectors have contributed to the growth of Dubai’s economy.

Dare to Dream – Contact Us for Your Dubai Company Formation

 Expo 2020

 Expo 2020 will be the first global Expo to take place in the Middle East.  Dubai expects to open its doors to an audience of around 25 million over a 6 month period.

 43% of contracts awarded for Expo 2020 Dubai so far were awarded to SME’s.

SME’s and startups are getting ready for spectacular profitability in the next few years.

Contact Us for Your Dubai Company Formation

 More Interesting Dubai Business Licensing Facts and Figures

BRL at Dubai Economy renewed 71,831 licenses in the first half of this year, which means an average of 11,972 renewals per month. The number of reserved trade names for the first half of 2017 was 19,676.

These results are proof of the sustainable growth of Dubai companies as well as the competitiveness of the emirate’s business sector.

New commercial licenses that were issued during the first half of this year were in the following categories:

  • 73% trade licenses
  • 4% professional licenses
  • 9% industrial licenses
  • 7% tourism licenses

These reflect Dubai’s status as one of the world’s top retail destinations.

Click Here if a Dubai Company Formation Appeals to YOU

Prices and Start-Up Packages:Fees for the First Year and Subsequent Years
RAK ICC Offshore Company Registration for $1025Company Formation Fees and Annual Fees
Dubai or RAK Free Zone Company Formation for $3100Incorporation Fees and Annual Running Fees
UAE VAT, Tax, Accounting and Other FeesFees for Other Services
Click Here For 5 Steps Dubai, RAK And UAE Company FormationEmail us Now to Get Quotation

UAE Company Formation Packages
Start-up Fee PackagesCompany Set-up in Dubai, RAK and UAE
UAE Offshore Company FormationStartup Fee Package - 1st year

By forming an offshore company in the UAE you can have a UAE address and run your business tax free internationally, open a bank account in the UAE or outside the UAE and own property in Dubai or RAK

Dubai  Offshore Company: $2100 + annual fees $1840 = $3940

Ras Al Khaimah - RAK ICC: $1025 formation + $1840 annual fees = $2865

Free Zone Company Incorporation in the UAEStartup Package - 1st year

By setting up a free zone company in the UAE you can enjoy the privileges of onshore presence and UAE and international trading  tax free, open a bank account in the UAE or outside the UAE and own property in Dubai or RAK. Residence Visa is given to investors and staff.

Dubai Free Zone Company: $3100

RAK Free Zone Company: $3100

Sharjah Free Zone Company: $3100

Abu Dhabi Free Zone Company: $3100

Extra UAE Company Set-up Services on requestPrices

Virtual office, telephone  answering, mail forwarding, accounting, tax and VAT services and consulting, PRO services and Visa processing

On request - we price our services very competitively and are flexible to find fair agreements with clients

Offshore Companies and Free Zone Companies in Dubai, RAK and UAE
RAK Offshore Company - RAK ICCDubai Offshore Company - JAFZA
DMCCRAK Trade Free Zone
DAFZAAjman Free Zone
JLTRAKIA - RAK Investment Authority

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    GD01-02 Commercial Units
    (Behind Al Hamra Mall)
    Al Jazeera, Al Hamra
    Ras Al Khaimah, United Arab Emirates

    T: + (971) 7 2020 999
    RAK Company Formation
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