There are very favorable tax laws for foreign entrepreneurs and investors. Legislative requirements for business in most areas are minimal. Depending on the specific case, opening a company and obtaining a commercial visa takes place within a matter of days after arriving in Dubai, sometimes even within a day.

To do this, you must apply for the issuance of the necessary permission to form a company to the relevant authorities in Dubai. It is very important to make sure that the permission exactly matches the nature of your business. Our law office is already assisting Israeli entrepreneurs who wish to set up their business in Dubai. We are in close cooperation with the leading companies in Dubai in the field of commercial and immigration law, and we are also in constant contact with the authorities of the UAE and Dubai.

WHAT ARE THE DIFFERENCES BETWEEN THE DIFFERENT TYPES OF PERMITS?
Business permits in Dubai depend on the territory where your business is located and (i.e. the general permit of the Mainland License and the permit valid in Free Trade Zones Free-Trade Zone License) on the field of activity. A business permit covers four main categories: licenses for professional activities, as well as licenses for work in the fields of industry, trade and tourism.

The license of the first category can be issued for work in certain areas, depending on the type of professional activity. For example, lawyers, accountants, engineers, etc. As a rule, the presence of such a license allows foreign investors to own 100% of the shares in a commercial company. However, in this case, a local representative (Agent) should be appointed who will deal with various administrative issues, but will not be the owner and will not be legally responsible within the company.

Licenses of the second and third categories are issued to commercial enterprises that are engaged in the production of goods and trade. In order to obtain a license in these two categories, joint ownership of the business with a local sponsor (Sponsor) is usually required. In this case, the shares must be divided between you and the sponsor in the ratio of 49% to 51%. This also applies to the tourism sector, but in this case a number of additional conditions apply. In particular, previous experience in this field is required.

In my opinion, everyone who is interested in this area should familiarize themselves with a wide range of business setup company in dubai https://emirabiz.com/ services and this will be useful for you