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How to open a company in Dubai, UAE

How to open a company in Dubai, UAE

How to open a company in Dubai - Makebiz

The UAE is developing rapidly, and Dubai has long been one of the world’s financial centers. A high standard of living, a safe environment and tax benefits attract businessmen from all over the world, and beautiful beaches with blue flags, diverse leisure and many attractions provide a constant flow of tourists, which is growing every year.

Why should I open a company in Dubai?

Consider the main reasons:

Advantageous geographical location. Most of the world’s population lives in 4-6 hours of flight.
Availability of 15 international ports and convenient logistics with any country in the world.
The opportunity, without any difficulties, to open a company with 100% ownership to a foreign investor, both in the Free Zone and on the Mainland.
No taxes on wages, personal income and capital gains.

Access to the market of highly qualified personnel. The UAE is a magnet for professionals from all over the world coming to Dubai to realize their professional ambitions.
The opportunity to establish new business contacts and attract foreign capital to develop your business.
The opportunity to open a business in free economic zones and receive a tax benefit. 0% corporate tax and no VAT, subject to certain working conditions, allows businesses to earn significantly more.
The reliability of the banking system in the UAE guarantees the safety of funds. Many banks are included in the ranking of the TOP 100 best banks in the world.
The UAE’s high loyalty to Russia makes it possible to relocate business with the ability to work with counterparties from any country.
The absence of a public register of legal entities in the UAE allows you to maintain high anonymity and confidentiality of the financial indicators of the company and the composition of the founders.

How to open a company in Dubai?

First you need to choose a license for doing business, since every type of activity in the UAE is licensed. Without experience, knowledge of legislation and understanding of the intricacies of doing business in Dubai, it is incredibly difficult to independently choose an economic zone and a license. The wrong choice can create serious restrictions in the further work and opening of a corporate account until the closure of the company and the opening of a new one. Makebiz specialists are always ready to help with the registration of the company and will save you from mistakes.

In Dubai, there are more than 2,500 thousand types of licenses for companies open on the main land (Mainland) and thousands more licenses in various Free Zones, of which there are more than 40 across the Emirates (most are located in Dubai). Each Free Zone has its own rules, laws, conditions and prices. Separately, it should be noted that each free economic zone has a certain bias, which can be a plus for some companies and a minus for others.

Let’s consider the main types and directions of various Free Zone:

For companies related to finance, trade and service;
For logistics, industrial or manufacturing companies;
For the IT sphere;
For the media sphere (media, content production);
For medical organizations;
For companies related to training and education;
Mixed type. There are licenses from different industries. These are mainly trade, professional, service, and some industrial and educational ones.

The process of opening a company in Dubai.

For some types of business, External approval may be required. It is obtained in the department that regulates the type of activity of the company.

Such coordination is necessary for real estate agencies, rental cars and other vehicles, educational institutions, industrial and medical companies, the food sector, financial organizations, certain types of trade licenses and professional services, beauty salons, travel agencies and a number of other business areas.

After a suitable license and an economic zone are selected, it is necessary to properly prepare a package of documents for opening a company and submit documents for registration to the appropriate authority. If everything is done correctly, the whole process takes from 3 to 7 working days. You can open a company in Dubai in a remote format, the presence of the founder will be required only at the final stages of obtaining a resident visa. Before opening any company, the responsible department checks the founders and then issues a license.

When the company is open, the founder/director needs to obtain a resident visa and an Emirates ID. This is a prerequisite for the company’s activities and permanent residence in the UAE.

The process of obtaining a visa can be divided into 4 stages.

Receiving an invitation to enter or changing the visa status;
Passing a medical test (fluorography and blood tests);
Delivery of biometrics (fingerprints);
Applying for a resident visa and Emirates ID.

To successfully complete the entire registration process, you should contact the specialists of Makebiz. Our lawyers will provide you with a free consultation and help you find the best way to register a business in Dubai, taking into account all the features of your business and legal requirements.

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Personal Data Processing Policy.

1. General provisions This personal data processing policy is compiled in accordance with the requirements of Federal Law No. 152-FZ of 27.07.2006 "On Personal Data" (hereinafter referred to as the Personal Data Law) and defines the procedure for processing personal data and measures to ensure the security of personal data taken by Mikhailov Ivan Sergeevich (hereinafter referred to as the Operator).

1.1. The Operator sets as its most important goal and condition for the implementation of its activities the observance of the rights and freedoms of man and citizen in the processing of his personal data, including the protection of the rights to privacy, personal and family secrets.

1.2. This Operators policy regarding the processing of personal data (hereinafter referred to as the Policy) applies to all information that the Operator can receive about website visitors https://make-biz.com /.

2. Basic concepts used in Politics

2.1. Automated processing of personal data — processing of personal data using computer technology.

2.2. Blocking of personal data — temporary termination of the processing of personal data (except in cases where processing is necessary to clarify personal data).

2.3. Website - a set of graphic and informational materials, as well as computer programs and databases that ensure their availability on the Internet at a network address https://make-biz.com /.

2.4. Personal data information system — a set of personal data contained in databases and information technologies and technical means that ensure their processing.

2.5. Depersonalization of personal data — actions as a result of which it is impossible to determine, without the use of additional information, the ownership of personal data to a specific User or other subject of personal data.

2.6. Processing of personal data — any action (operation) or a set of actions (operations) performed with or without the use of automation tools with personal data, including collection, recording, systematization, accumulation, storage, clarification (updating, modification), extraction, use, transfer (distribution, provision, access), depersonalization, blocking, deletion, destruction of personal data.

2.7. Operator — a state body, municipal body, legal entity or individual, independently or jointly with other persons organizing and/or processing personal data, as well as determining the purposes of processing personal data, the composition of personal data to be processed, actions (operations) performed with personal data.

2.8. Personal data — any information related directly or indirectly to a specific or identifiable User of the Website https://make-biz.com /.

2.9. Personal data authorized by the subject of personal data for distribution — personal data to which an unlimited number of persons have access by the subject of personal data by giving consent to the processing of personal data authorized by the subject of personal data for distribution in accordance with the procedure provided for by the Law on Personal Data (hereinafter — personal data authorized for distribution).

2.10. User — any visitor to the website https://make-biz.com /.

2.11. Provision of personal data — actions aimed at disclosure of personal data to a certain person or a certain circle of persons.

2.12. Dissemination of personal data — any actions aimed at disclosure of personal data to an indefinite circle of persons (transfer of personal data) or familiarization with personal data of an unlimited circle of persons, including the publication of personal data in the media, placement in information and telecommunications networks or providing access to personal data to anyor in another way.

2.13. Cross—border transfer of personal data is the transfer of personal data to the territory of a foreign state to the authority of a foreign state, a foreign individual or a foreign legal entity.

2.14. Destruction of personal data — any actions as a result of which personal data is permanently destroyed with the impossibility of further restoration of the content of personal data in the personal data information system and/or the material carriers of personal data are destroyed.

3. Basic rights and obligations of the Operator

3.1. The Operator has the right to: — receive reliable information and/or documents containing personal data from the personal data subject; — in case the personal data subject withdraws consent to the processing of personal data, as well as sending a request to terminate the processing of personal data, the Operator has the right to continue processing personal data without consent the subject of personal data in the presence of the grounds specified in the Law on Personal Data; — independently determine the composition and list of measures necessary and sufficient to ensure the fulfillment of obligations provided for by the Law on Personal Data and regulatory legal acts adopted in accordance with it, unless otherwise provided by the Law on Personal Data or other federal laws.

3.2. The operator is obliged to: — provide the subject of personal data at his request with information concerning the processing of his personal data; — organize the processing of personal data in accordance with the procedure established by the current legislation of the Russian Federation; — respond to requests and requests of personal data subjects and their legal representatives in accordance with the requirements of the Law on Personal Data; — report to the authorized body the body for the protection of the rights of personal data subjects at the request of this body, the necessary information within 10 days from the date of receipt of such a request; — to publish or otherwise provide unrestricted access to this Policy regarding the processing of personal data; — to take legal, organizational and technical measures to protect personal data from unauthorized or accidental access to them, destruction, modification, blocking, copying, provision, dissemination of personal data, as well as from other illegal actions in relation to personal data data; — stop the transfer (distribution, provision, access) of personal data, stop processing and destroy personal data in the manner and cases provided for by the Law on Personal Data; — perform other duties provided for by the Law on Personal Data.

4. Basic rights and obligations of personal data subjects

4.1. Personal data subjects have the right to: — receive information concerning the processing of their personal data, except in cases provided for by federal laws. The information is provided to the personal data subject by the Operator in an accessible form, and it should not contain personal data related to other personal data subjects, except in cases where there are legitimate grounds for disclosure of such personal data. The list of information and the procedure for obtaining it is established by the Law on Personal Data; — to require the operator to clarify his personal data, block or destroy them if the personal data is incomplete, outdated, inaccurate, illegally obtained or not necessary for the stated purpose of processing, as well as to take measures provided by law to protect their rights; — to put forward the condition of prior consent when processing personal data in order to promote in the market of goods, works and services; — to withdraw consent to the processing of personal data, as well as to send a request to terminate the processing of personal data; — to appeal to the authorized body for the protection of the rights of personal data subjects or in court against illegal actions or inaction of the Operator during the processing of his personal data; — to exercise other rights provided for by the legislation of the Russian Federation.

4.2. The subjects of personal data are obliged to: — provide the Operator with reliable data about themselves; — inform the Operator about the clarification (updating, modification) of their personal data.

4.3. Persons who have provided the Operator with false information about themselves or information about another personal data subject without the latters consent are liable in accordance with the legislation of the Russian Federation.

5. Principles of personal data processing

5.1. The processing of personal data is carried out on a legal and fair basis.

5.2. The processing of personal data is limited to the achievement of specific, predetermined and legitimate goals. Processing of personal data incompatible with the purposes of personal data collection is not allowed.

5.3. It is not allowed to combine databases containing personal data, the processing of which is carried out for purposes incompatible with each other.

5.4. Only personal data that meet the purposes of their processing are subject to processing.

5.5. The content and volume of the processed personal data correspond to the stated purposes of processing. Redundancy of the processed personal data in relation to the stated purposes of their processing is not allowed.

5.6. When processing personal data, the accuracy of personal data, their sufficiency, and, if necessary, relevance to the purposes of personal data processing is ensured. The Operator takes the necessary measures and/or ensures that they are taken to delete or clarify incomplete or inaccurate data.