{"id":29736,"date":"2022-06-30T12:17:31","date_gmt":"2022-06-30T12:17:31","guid":{"rendered":"https:\/\/www.aaconsultancy.ae\/dubai\/?p=29736"},"modified":"2023-03-27T09:19:16","modified_gmt":"2023-03-27T09:19:16","slug":"how-to-set-up-a-business-in-dubai-for-russians","status":"publish","type":"post","link":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/how-to-set-up-a-business-in-dubai-for-russians\/","title":{"rendered":"How Russians Can Set Up a Business in Dubai"},"content":{"rendered":"\t\t
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A recent study by BBC revealed that there has been a 67% surge in property purchases in Dubai by Russians in the first quarter of 2022. Due to the current geopolitical climate in Russia, many Russian businesses are unable to conduct everyday operations without interruption. Dubai is an ideal location for Russian investors to simply establish a business. Many entrepreneurs and even billionaires are arriving in droves from Russia to UAE. Business in the United Arab Emirates is thriving. Compared to other GCC countries, UAE gives more importance to business development. Read along to know <\/span>how to set up a business in Dubai for Russians<\/b>.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Can Russian Investors Still Establish a Business in Dubai?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Russian company owners and investors have primarily two possibilities in Dubai. First, they can establish a limited liability business on Dubai’s mainland. Second, they may <\/span>establish a Free Zone Company<\/b> in any of Dubai’s Free Trade Zones. With the help of an experienced business advisor like <\/span>A&A Associate<\/b><\/a>, a Russian investor can <\/span>easily set up a business in Dubai<\/b><\/a>. Consultancies can guide investors through the UAE company formation process. In addition to establishing a branch of their parent firm or a new company in the UAE, Russian businesses can continue their operations without interruption.<\/span><\/p>

The Russian investor has several business activities to choose from in Dubai. The Dubai Free Zones permit 100 per cent foreign ownership, access to a vast array of commercial services, world-class amenities, simple company creation, and a <\/span>UAE Residence Visa for investors<\/b>. The new company trade license and other company documentation will be ready within two to three business days, at which point the investor may apply for a UAE resident visa and create a corporate bank account.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Residency Options for Investors from Russia\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Investing in real estate worth roughly $272,000 (\u20ac185,000) grants the buyer a three-year UAE visa. Investing roughly $1.36 million (\u20ac1.18 million) secures a five-year visa. Ordinary, upper-middle-class Russians, looking to prevent their firm from being grabbed by their government or the economic disaster back home, would certainly have the wherewithal to build up a safe haven here too.<\/span><\/p>

Most of the people now coming to the UAE are Russians and have no problem forming and getting <\/span>residency in Dubai<\/b>. Visas to non-sanctioned Russians are provided by the UAE government while many Western countries have restricted them.<\/span><\/p>

Buying property in the UAE is fairly frictionless and grants investors a residency permit, without having local sponsorship. Paperwork to acquire an apartment or create a business is minimal and cash is king, investigators have found.\u00a0<\/span><\/p>

Call us now<\/span><\/a> to discuss your business setup procedures in the UAE.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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How Can Russians Launch a Business in Dubai's Free Trade Zones?<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Russian investors can establish a Free Zone Establishment or Free Zone Company in Dubai’s Free Trade Zones, depending on the number of shareholders on the company’s board of directors. At this step, the business activities must be selected based on the nature of the company’s operations.<\/span><\/p>

Finalize the business’s trade name and submit the application form along with the needed documentation of the shareholder(s), including a copy of their passport, a photo, and parent company documents for forming a branch solely (attested by the UAE Embassy in Russia), and more.<\/span><\/p>

The trade license will be issued alongside the Memorandum of Association and other firm paperwork once the documents have been submitted to the local Free Zone Licensing Authority. The investor may then apply for a UAE Residence Visa under the company’s name. Additionally, they can sponsor the family and hire employees for the business. The new business qualifies for a business bank account in the UAE. To satisfy the KYC requirements of the banks in the UAE, the investor will be required to submit corporate documentation, personal bank statements, a business plan, and business information from their home country, among other things.<\/span><\/p>

For a hassle-free business set up in UAE, <\/span>call A&A Associate<\/span><\/a>.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Best Free Zone to Choose in Dubai?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Here is a list of the most convenient free zones for Russian investors to establish a firm in Dubai. These Free Zones provide the most competitive company formation package and commercial infrastructure assistance.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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1. Dubai Silicon Oasis-IFZA<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Start a business in the Dubai Silicon Oasis for AED 17,900 and get one visa. Located in the Dubai Silicon Oasis Free Zone, IFZA is an ideal free zone for all types of startups. The Free Zone provides a vast array of economic activities at reasonable prices. Investors have access to several business amenities.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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2. Dubai Meydan Free Zone<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Dubai Meydan is one of Dubai’s newest free zones. In close proximity to the well-known Meydan Racecourse and Hotel, this is an investor-preferred location for facilitating international commerce.<\/span><\/p>

The Free Zone provides investors and NOC with multi-year company licensing packages for taking office space on the Dubai mainland to operate their businesses without interruption.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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3. Free zone at Dubai Airport<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The Dubai Airport Free Zone(DAFZA) is the most esteemed of Dubai’s free trade zones. It is near one of the busiest airports in the world.<\/span><\/p>

The Free Zone provides commercial facilities of the highest calibre, office space, and a vast array of business activities. DAFZA is an excellent option for trade organizations that place a significant emphasis on logistics. The close proximity to Dubai International Airport facilitates international trade. Besides, compared to other emirates, Dubai-based business license holders will get bank accounts opened faster.<\/span><\/p>

In conclusion, establishing a free zone company in Dubai appears to be the optimal option for Russian investors to continue company operations without interruption and concentrate on expanding their activities to newer geographies.<\/span><\/p>

Call and discuss<\/span><\/a> with our experts which free zone best suits your business.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The UAE Business Culture\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The UAE In 2017 alone, over 131,000 firms were registered in the UAE. When this is combined with the fact that 80 per cent of residents are foreign-born, it becomes evident that the United Arab Emirates offers ample opportunities for foreign investment. In addition, the UAE declared in 2019 that it would allow foreign ownership of 100 per cent of 122 economic activities in 13 sectors. These industries include renewable energy, logistics, hotels, food services, and manufacturing, among others.\u00a0<\/span><\/p>

The local government is actively supporting investment and new ventures, so now is a terrific moment to become involved. This is coupled with the fact that the government now gives long-term permits for investment.<\/span><\/p>

So, do you wish to launch a firm in the UAE? <\/span>Call us<\/span><\/a> now!<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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A&A Associates<\/span><\/a> is the top business consultant in UAE and have seen a sharp increase in inquiries from Russian investors looking to set up their business in the UAE. We can assist you in selecting the best business activities for your firm and will arrange the earliest possible acquisition of the trade license paperwork. Dubai’s most respected business consulting organizations can help you improve your entrepreneurial skills and keep your business afloat.\u00a0<\/span><\/p>

Call us<\/span><\/a> if you have any questions or concerns. Your satisfaction is the number one priority at A&A Associate.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

A recent study by BBC revealed that there has been a 67% surge in property purchases in Dubai by Russians in the first quarter of 2022. Due to the current geopolitical climate in Russia, many Russian businesses are unable to conduct everyday operations without interruption. Dubai is an ideal location for Russian investors to simply […]<\/p>\n","protected":false},"author":19,"featured_media":29740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[27],"tags":[44,113],"class_list":["post-29736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-business-setup-dubai","tag-business-setup-for-russians"],"_links":{"self":[{"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/posts\/29736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/comments?post=29736"}],"version-history":[{"count":5,"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/posts\/29736\/revisions"}],"predecessor-version":[{"id":35711,"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/posts\/29736\/revisions\/35711"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/media\/29740"}],"wp:attachment":[{"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/media?parent=29736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/categories?post=29736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dev.aaconsultancy.ae\/dubai\/wp-json\/wp\/v2\/tags?post=29736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}