How Russians can Start a Company in Dubai?
- Set up a Company in UAE and Scale up your Russsia based Business Seamlessly
How Russians can Start a Company in Dubai?
At the present Geo-political situation prevailing in Russia, many companies are unable to operate daily business in a seamless way. Dubai is a perfect business location for Russian Investors to easily start a company. They can continue their business operations without any hassle.
Entrepreneurs and business investors from Russia have mainly two options in Dubai. Firstly, they can open limited liability company in the mainland of Dubai. Secondly, they can setup a Free Zone Establishment in any of the Free Trade Zones in Dubai.
Why Russian Investors must choose Dubai for Setting Up a Company?
Dubai has more than 20 Free Trade Zones where Russian Investors can choose their desired business activities and register a company. Dubai is a perfect trade and business hub for facilitating global trade. The City is one of the most safest to live, work, and settle.
It has well established infrastructure with a stable government, e-governance, robust network of banks, and a growing business ecosystem. The currency Arab Dirham is pegged to USD and maintain a steady position in the financial markets.
What is the process for a Russian Investor to Open a Company in Dubai?
The process of opening a company in Dubai for a Russian Investor is relatively straight forward and can be performed with the assistance of an expert business consultant. The investor can remotely open a company in Dubai from Russia through AURION, Our team will guide the investors through the process of setting up a company in UAE.
Businesses in Russia can also form a Branch of their Parent Company or start a new company in UAE and continue the business operation seamlessly.
There are numerous choices available for the Russian Investor to open a company in Dubai. The Free Zones of Dubai enable 100% foreign ownership, access to Wide range of business services, world class amenities, easy company formation and UAE Residence Visa for the investors.
The new Company Trade License and other company documents will be ready within 2-3 Working Days and then the investor can proceed to applying for the UAE resident visa and corporate bank account opening.
How Russians can open a Company in the Free Trade Zones of Dubai?
Investors from Russia can open a company in the Free Trade Zones of Dubai as a Free Zone Establishment or Free Zone Company depending on the number of shareholders available in the director board of the company. The business activities are to be chosen at this at stage depending on the nature of business activities.
Finalize on the company trade name and submit the application form along with the required documents of the shareholder(s) such as passport copy, photograph, parent company documents for opening branch only (attested from UAE Embassy in Russia), and more.
Aurion will assist in choosing the right business activities for your company as well as coordinate for obtaining the trade license document at the earliest.
One the documents are submitted to the respective Free Zone Licensing Authority, the Trade license will be issued along with the Memorandum of Association and other company documents.
The investor can then apply for a UAE Residence Visa under the company name. They can also sponsor the family and also hire employees for the company.
The new company is eligible for a corporate bank account in UAE. The investor will have to share the company documents, personal bank statements, business plan, home country business details, etc., for meeting the KYC compliance of the banks in UAE.
Best Free Zone to Choose in Dubai?
Here is a list of best Free Zones for starting a company in Dubai for Russian Investors with minimal hassles. These Free Zones offer the most competitive company formation package and business infrastructure support for the company.
1. Dubai Silicon Oasis – IFZA
Start a Company in the Dubai Silicon Oasis with a 1 visa quota at AED 17,900. Located at the Dubai Silicon Oasis Free Zone, IFZA is a perfect Free Zone for startups in all fields.
The Free Zone offers a wide range of business activities at cost-effective rates. Investors get access to a wide range of business amenities. Check here for the latest offers from IFZA.
2. Dubai Meydan Free Zone
Dubai Meydan is one of the latest Free Zone in Dubai. Situated adjacent to the popular Meydan Racecourse and Hotel, it is an investor favorite hotspot for facilitating global business.
The Free Zone offers multi-year company license packages for investors and NOC for taking office space in the mainland of Dubai for seamlessly running the business.
3. Dubai Airport Free Zone
Dubai Airport Free Zone is the most prestigious Free Trade Zones in Dubai. It is located adjacent to one of the world’s busiest airport.
The Free Zone offers world-class business facilities, office space, wide range of business activities. DAFZA is a perfect choice for trading companies that has logistics as an important aspect in their business. The proximity to the Dubai International Airport helps in facilitating global trade seamlessly.
Hence, in nutshell, Setting up a Free Zone Company in Dubai for the Russian Investors seem to be a perfect choice to continue business operations without any disruption and focus on growing their business to newer geographies.
Connect with our team to know more about the Company Formation Process in UAE
Contact Us: Aurion Business Consultants