Frequently Asked Questions

When was ProFounders established?

ProFounders was founded two years ago by a team of experts with over 14 years of experience in various business fields.

What languages are you able to help me with?

We speak and assist clients in various languages including Arabic, English, Spanish, Urdu, and Russian.

How many businesses have ProFounders helped start?

We have helped over 200+ companies in the UAE with their setup.

What services does your company provide?

ProFounders offers a wide range of business solutions, including company formation, document clearing, and PRO services. We support various business needs to ensure smooth operations and compliance with local regulations.

In which jurisdictions ProFounders can assist in company formation?

ProFounders facilitates company incorporation in over 50 free zones and also provides assistance with Dubai Mainland business setup.

How long does it take to establish a firm in Dubai?

The timeframe for company formation varies depending on the type of business and specific requirements. Generally, it can take from a few days to a few weeks. Our experts will assist you throughout the process to ensure a quick and efficient setup.

How do I start a business in Dubai?

Starting a business in Dubai involves several steps, including choosing a business activity, selecting a legal form, registering the trade name, applying for initial approval, preparing the Memorandum of Association (MOA) and local service agent agreement, selecting a business location, obtaining additional government approvals, and finally, receiving the business license. Consulting with our professional business setup consultants can ensure all regulations are met.

What is the process for renewing a trade license?

To renew your trade license, you need to submit the necessary documents to the relevant authorities and pay the renewal fees. Our team can manage the entire renewal process for you, ensuring all deadlines are met and documentation is accurate.

Can you help with opening a bank account?

Yes, we can assist with opening a corporate bank account by guiding you through the required documentation and procedures. Our team has strong relationships with local banks, which can help streamline the process.

What types of business licenses can I obtain in Dubai?

Dubai offers several types of business licenses, including commercial licenses for trading activities, industrial licenses for manufacturing, professional licenses for service providers, artisans, and craftsmen, and tourism licenses for travel and hospitality businesses. Each license type has specific requirements and eligibility criteria.

How long does it take to secure a business license in Dubai?

The time required to obtain a business license can vary depending on the type of business and the completeness of the required documentation. On average, the process can take from a few days to several weeks. Engaging a business setup consultant can expedite the process by ensuring all documents are correctly prepared and submitted.

What are the advantages of forming a company in a Dubai Free Zone?

Launching a business in a Free Zone offers several benefits, including 100% foreign ownership, no personal or corporate taxes, full repatriation of profits and capital, no import or export duties, and simplified company formation processes. Free zones also provide modern infrastructure, easy access to markets, and various support services.

Is it necessary to have a physical office in a Dubai free zone?

Yes, most free zones require you to have a physical office space. However, some free zones offer flexible office solutions such as virtual offices or flexi desks, which can be more cost-effective for smaller businesses.

Are there any restrictions on business activities in Dubai?

Yes, certain business activities in Dubai require special approvals or licenses from relevant authorities, and some sectors may be restricted to UAE nationals or have specific ownership requirements. It is important to verify the regulations related to the chosen business activity before proceeding with the setup.

How can I choose the best location for my business in Dubai?

Choosing the right location for your business involves considering factors such as the nature of your business, target market, accessibility, and budget. Free zones offer various options with modern facilities, while Dubai Mainland provides strategic locations for businesses targeting the local market.

Are there any taxes for Mainland companies in Dubai?

Dubai offers a tax-friendly environment with no corporate tax, income tax, or capital gains tax for most business activities. However, specific sectors like oil and gas and branches of foreign banks may have particular tax regulations.

Can I hire foreign employees for my Dubai Mainland company?

Yes, you can hire foreign employees. However, you need to obtain work visas and residence permits for them. The number of visas you can obtain is generally linked to the size of your office space.

What documents are required to incorporate a Mainland company in Dubai?

The required documents typically include:

  • Passport copies of shareholders and managers.
  • No Objection Certificate (NOC) from the current sponsor (if applicable).
  • Copy of the lease agreement for the office space.
  • Memorandum of Association (MOA) with the local sponsor.
  • DED license application form.