Everything you NEED to know about setting up a business in Dubai | Q&A with expert consultant
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- Опубликовано: 26 июл 2024
- To get in contact with Shelin & her team for more information, fill out this quick google form → forms.gle/gNQPaFeENj7EWoya7
Chapters:
00:28 Podcast Starts
01:00 How does one go about setting up a business in Dubai?
03:30 Visas
03:45 How often do you need to be in the UAE for residency?
05:04 Which is best? FreeZone or Mainland?
09:39 Setting up bank accounts
11:07 What are the main benefits of moving to Dubai?
12:00 Corporation Tax
12:59 Strategic Geographic Location
13:35 Lifestyle
14:41 Real Estate Investment
15:13 Structuring Investments
18:44 Visa by investment
20:40 Visa for family members
22:05 Our Experience setting up our business
28:41 How long was the set up process for us?
29:35 Banking
30:59 Q&A
31:14 How Much Does it cost to set up a business in Dubai?
33:24 Can you move an already trading company to the UAE?
33:47 How do I get a visa for Dubai without setting up a business?
34:50 What is the best route for a freelancer?
35:37 What lessons did we learn setting up a business in Dubai?
36:25 What level does your business need to be at to set up in Dubai?
37:08 Is there a sting freelance scene in Dubai?
38:18 Can you live in Dubai with a UK employer?
39:12 Do I need a business license to rent out my home when i’m not using it?
39:41 Are you accepting new clients?
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Interested in finding out about setting up a business in Dubai? Connect with our advisor here - forms.gle/gNQPaFeENj7EWoya7
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Such an underrated video ! Brilliantly explained as well. Gives a good head start for anyone wanting to understand how businesses are structured in UAE. Would love to see more content like this 👍🏽
Wow it’s amazing to see where you’ve reached from seeing your first videos. Congratulations on the move and this is amazing content. So helpful!! Cleared up a lot of confusion and your guest was so well spoken and clear. Thank youuuu
Thank's Guy's! This is the type of content I absolutely appreciate as I have my own personal interest in my own business and my friends and family will also gain a tremendous amount of really great information from you that proves both insightful and knowledgable from first hand experience. Stay strong and Stay Healthy Guys "Matt"... Lolz and of course you too Summer.
This convo was so helpful. Looking to move to Dubai in the next three years. So this was great info.
Brilliant podcast guys, very insightful. Thank you!
Great setup and production value with spot on information, thanks guys...
Wonderful guys! Thank you so much! 🙏❤️
Really great questions and very well explained thank you so much for the info!
Starting with business ideas and purposes for supplying services. Giving guides about what to start researching, taking into consideration there are lots of variables, some may be known, and some that need to be discovered or rediscovered? Thank you, Matt, and Summer and consultant not sure of the spelling for first name.
Fantastic video guys, great information 👍
That is a great video … I was doing research the whole morning and could not find simple answers… now watching your video is gold 💖 thank you both, you are a wonderful couple and really inspiring. Now I have “everything” I was looking at least to get started. Also love your guest - once things are getting more concrete on my/our end would definitely love to work with her.
Very interesting, thank you!
Such a great informative video, thx guys sooo good! Love the idea of a Golden Visa
This has been an incredibly well produced and informative podcast. I loved the format, the content, and presentation and such concise explanations on what is quite the multifaceted topic. Thank you! Be well.
This was great, thank you
Thank you so much. Fantastic content.
Thank you guys, very informative content.
great information! thanks for sharing!
Very informative and to the point. Great content :)
Very informative guys ☮️❤️
Hi, great video, one of our colleagues paid for Creative Zone services from the strength of this video and has been stuck in Dubai for 19 days after being promised the process would take a maximum of 7 days and is having a horrendous experience. He has tried to resolve in house and is not working.
Can you ask Shelin to get in touch please?
This Q&A was really helpful me before I did it - and then decided to publish a video on the same topic! Hope it adds value to those looking as well. Paying it forward!
Thank you for the great video. Loved it.
I want to highlighted one important point regarding licensing cost. Every year you will have to pay for renewal of the license which will cost you almost same amount you paid initially. So it is not one time payment, you will have to pay every year.
Shelin!! Met her last week she's great
freezone with 1 vissa = 7000aed to 18000aed, mainland = 15000aed to 30000aed bud dont forget you will have to pay around the same price to renew it every year
How much money do you need to open a new restaurant in Dubai?
@@Vijayrk006I would also like to know.
That's a rip off.
Mainland from AED15? Where?😮
So so helpful guys. Thanks a lot!
Take everything you hear on this video with a pinch of salt, I used this company and it was painfully slow, very complicated and double the price of alternative companies.
Free Zones could be taxed with the new laws because there's going to be a few requirements to be completely tax free. The most important requirement is the qualifying income which will be tax free but there hasn't been introduced a limit yet and they could still introduce one. And transfer pricing etc. is mandatory.
Thank you for a great and informative video
Great job ❤
Thank you!
This content is full of useful information ,Currently my self a student in third year ,business management courses in UK ,after finishing my courses in 2025,for sure wish to move to Dubai and to do same type of business(formation of businesses across Dubai for foreign interested people)
Great video
Hey Matt, Summer great video🙏🏾🙌🏽- I filled out the contact form on Monday, but never heard back from Shelin/anyone??
Thanks
Different video to others, but really appreciate the content.
Good Video
With mainland business do you have to have a certain number of emiratees working for you?
Nice
Is there any way I can find out what category my business is placed? Perhaps a website or a video?? Thanks
I wish you all the best 😊
Can you plz tell which camera is used in podcast,i am watching your vlogs from very long past
Dubai is the best place for business and real estate investment
I am an employee on company sponsorship but want to set up my business in Dubai. How can I do that without obtaining an NOC from my company?
Habibi Come To Dubai
If I register a marketing business License in Sharjah Freezone for example, willI only live and operate in Sharjah? Or can I have clients in Dubai and Abu Dhabi?
With regards to freezone vs. Mainland, are you restricted in where you can live in the UAE or Dubai specifically?
No I dont think it affects where you can live! Best to check with Shelin though :)
nice couple
I can imagine a situation where you do international business (from a free zone) but you also have transactions with the mainland, e.g., procurement of supplies, buying consulting services, or even selling part of the produce to local wholesalers. What is valid then?
I'm in the exact same situation, would you mind letting me know if you found the answer?
@@BjornMr Not yet...
Also to answer your question, Freezone visa is valid for the above business type.
I almost spoofed up my drink when she said Matt was unfortunately going to die.
There is no 0% tax anymore , right?
Name of the company u using ?
Beautiful day
007^^
Hi dear thanks for all these informations. I live in Canada and I want to come to Dubai and open a bakery business in there could you please help with that
Guys great video, I myself looking to move somewhere more tax efficient. I would like to know how much money do one need to rent a accommodation in Dubai before buying your own property?
And the answer for your question is No, we can even help you set up the business before you go to Dubai
Everyone seems to be moving to Dubai to avoid (not evade) tax. Smart guys!
It’s not smart it’s crooked, we all need to pay our share of taxes otherwise how’s the country to function. What are these people going to do when they need medical treatment, come back to the UK no doubt. Multinationals should also not be allowed to avoid tax.
@@spaghett1239 I guess everyone is crooked…you see how many people are moving to Dubai for this very reason?
The reason taxes are so high in the U.K. is because the government is crooked and has spent far more than they earn indebting the nation and lining their own pockets. If you want to keep putting money in the pockets of corrupt politicians, big business, and the banks - go right ahead, but don’t expect the rest of us to do that. Your taxes don’t pay for services in the U.K., they pay off the interest on the debt, and the government borrows more money at interest to keep the charade going and taxes you to pay for it. I don’t like paying for bombs to be dropped on foreign children, so I don’t.
Don’t act like you’re in some way being ethical by paying U.K. taxes, you’re also paying for children to be murdered in illegal military conflicts.
The most prosperous countries in the world have the lowest tax rates. Look at Hong Kong and Dubai.
Doing business in UAE is not that complicated, always remember everything is wishy washy, if there are any rules they are easily broken, you will have a minder that minds your business, and that minder is an UAE citizen whose only job is to collect kickbacks!
I’m coming to Dubai next week I will be there for about 9 night
What's up Guys you Never put out the info About how to contact your Guest
What the name of her company?
i have a business in the uk and the tax rates are so high i want to avoid it by setting free zone company in the uae how can i do that ??
For tax planning, UAE is the best country.
Freezones are perfect to start your business going.
Now it comes down on to how are you planning to operate it.
what is Sharia Law? i have never heard about it and i am selling properties daily to polish people
How much is a golden visa?
Around AED10-12K
You must fit in one of the criteria to apply.
This feels like a long Ad
She told you need to travel into UAE at least twice a year. But what about golden visa holders for 10 years? Those requirements are dropped for golden visa holders?
Yes, once you have golden visa you’re free to be wherever you want.
This is because you’ve invested a lot into their country.
I see so many of these consultants and firms that do this. Can people do the paperwork and legwork on their own?
No. Consultant do the papar work and legalwork .
If u have other queries u can ask because I'm working in one of business set up consultant firm
Unlike what others may say, you can ro it yourself for sure.
However , since you are not an expert you may apply for irrelevant Licence, get hammered with headen fees. And above all, you might lose all of the money due to wrong step .. you know paperwork!
So, Instead, and with small fees un comparable to the risk doing it alone, we can help you with all the process.
We will just require some documents and we will do the JOB right from the first time.
5:10
Is there a phone number and email for Shelin?
Hi was the $10K you spent in total for the two of you?
I'll stick to working in Asda on £11 an hour.
How much is the fee to set up company by English lady
It starts from 5,500.
Which would just give you the business license
Hi im currently in Dubai how do we contact your company? Can't seem to see it anywhere?
Thank you
@@naeembakshh is that 5500 usd may i ask or aed?
@@michaeljose8122 5,500 AED
@@michaeljose8122 it's aed. U can get a license that will cost u about 5500-20000 aed depends on nature of your business
You guys a great 😊 we have a similar size following. Would be great to catch up with you guys in dubai when I'm out there next. 😊
Cheers
Crypto Gains.
The tax info is unfortunately not exactly correct and not so simple... requires a professional advise.
DO not trust the advice given by Creative Zone, I used their services and am being told 9% Corporation Tax also applies in Freezone companies. I would not recommend Creative Zone, expensive, slow and always trying was to get more money from you without providing any advice or recommendations
*Promo sm*
😂🎉eee
Hahaha funny how no one has issues with Sharia law when it comes to Dubai. 😂😂😂
Those Middle East countries there is zero Garanti one day country’s will collapse
And lost all your money
And wait for next rule that all of you will pay much higher tax then uk
You guy ran out to avoid tax but make sure the tax you pay for the country you get it back for example your kid’s school is free how much that cost in there !! Tax free is joke there they take your money from other way
Lot of activities make you poor which they made to spend hope you save in the end of month my friends 😢
she does not know about shariah law properly with that comment she made
What if you're gay?
Nobody really cares in Dubai
Just dont bend forward to pick something off the floor 😂😂😂😂
@@multa7053what are you talking about, it’s very taboo, it’s a Muslim country!
That lot hate the gayz. Does that mean the gayz can hate them back?
It's the same as if your not gay, just don't fool around in public and be careful showing public displays of affection, same rules for everyone, just don't be stupid and ignorant and respect your in a Muslim country.
Peace be upon you.
Believe in ALLAH (GOD) and the judgement day and do good deeds.
Don't show non well covered women that will be better for you in this life and the heaerafter.
Ladies cover your bodies that will be better for you in this life and the heaerafter.