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Frequently Asked Questions on Dubai Business Setup
How long does it take to get a Trade License in Dubai?
Typically, obtaining a trade license in Dubai can take anywhere from a few hours to 7 days, depending on various factors such as the type of business activity, documentation requirements, and approvals from relevant authorities. Our experienced team streamlines the process to ensure efficient and timely issuance of trade licenses for our clients.
How much tax do I pay in a freezone?
One of the key benefits of operating in a Dubai Freezone is the favorable tax environment. Companies established in Freezones are usually subject to zero corporate and personal income tax, as well as customs duties exemptions on import and export. However, it’s important to note that certain Freezones may have specific regulations regarding taxes or fees for certain services, and our team provides comprehensive guidance tailored to each client’s needs.
What do you need to open a Bank Account for your business in Dubai?
Setting up a corporate bank account in Dubai requires careful planning and adherence to regulatory requirements. Generally, the documentation needed includes a valid trade license, proof of identity and residence for shareholders and directors, company incorporation documents, business plan, and sometimes a minimum deposit amount. Additionally, some banks may have specific criteria or additional requirements based on the nature of the business and its activities. Our team facilitates the entire process, ensuring compliance with regulations and seamless establishment of corporate bank accounts for our clients.
Setup A Business In UAE Mainland, Freezone & Offshore
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