How to Set Up Your Own Holding Business in Dubai

We offer business setup services provide a comprehensive solution for entrepreneurs, eliminating the hassle and complexities often associated with business setup in the UAE.

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Dubai which is an integral part of the United Arab Emirates has put itself on the map as one of the most significant investment hubs. This is perhaps one of the most justified reasons why business personalities worldwide consider this city as the epitome of investment. prior conditions can be named as follows: The availability of the infrastructures at the world-class level, the non-concessions on tax to the foreign investors, and the multicultural population make Dubai a promising area for international business organisations.

If there is one aspect that people invest a lot of time in, it is handling their finances in this fast-paced city, and therefore the choice of Best Foreign Banks in Dubai is decisive. There are so many that they may contain almost any kind of service needed by such organisations and people, but they focus mainly on international companies and persons.

Why is it more advantageous to choose an international bank in Dubai?

There are several compelling reasons to consider an international bank in Dubai:

  • Global Reach: The prominent of these is that these banks have branches all over the world, providing convenient ways to access your money irrespective of your location.
  • Diverse Products and Services: International banks provide for all clients’ corporations banking services, wealth and personal banking products and solutions that meet different needs in one place.
  • Multilingual Support: These banks cater to the multicultural audience and, as such, offer customer support in multiple languages, making the foreign client’s banking experience as seamless as possible.
  • Expertise in International Finance: International banks have extensive credibility, skills and insight into the management of different global financial mechanisms, which makes them a valuable source of expertise for your international business activities.

List of International Banks in Dubai 

Accompanying Dubai’s status as an international city with a rapidly developing economy is a particularly select group of foreign banks actively operating within this country, and each of them has its own well-defined advantages, as well as its individual set of services and products. Here’s a glimpse into some of the leading players: 

  • HSBC Bank: As one of the world’s leading global banks HSBC offers a staggering range of corporate and retail and private banking services that could meet the needs of most of the large global and individuals.
  • Standard Chartered Bank: Its strength is within the corporate/institutional banking discipline; thus, it can be best addressed to those enterprises, which require funds for import/export of products and services, together with treasury facilities.
  • Citibank: Citigroup, through Citibank, is amongst to the world’s largest banking companies; it provides businesses, financial partners, and the public conventional banking including; corporate, investments, and retail banking.
  • Emirates NBD: Emirates NBD is amongst the largest banks It is a UAE-based bank with some international operations that allow it to compete as a full-fledged international operation bank for both UAE and international clientele.
  • Barclays Bank: Barclays Bank being one of the players in the global banking sector it offers and functions along side with a long list of services in corporate and investment banking making it a good partner for global businesses.

Selecting the Best international banks in Dubai

When there are numerous global banks challenging each other in order to attract your financing, it becomes necessary to make a choice. Here are some key factors to ponder:

  • Your Banking Needs: Determine what products and services you need whether it’s corporate banking, wealth management or consumer banking products. It is crucial that you select a bank that provides you with services that fit your requirements in detail.
  • Fees and Charges: Determine the fees charged by various banks and compare the current fees for account maintenance, transactions and exchange rates.
  • Online Banking Services: In the current technological environment, sound financial applications in digital banking are mandatory. make certain that the online/mobile banking platform of the bank is as user friendly as possible in order to have easy access to your money.
  • Customer Service: Consumers have high expectations for how they are treated and attending to them is a critical success factor. Select a bank that has been specific in delivering the service in terms of its ability to answer the questions that might arise as efficiently as possible.

Read also: Get a Business License in Dubai

Understand your Financial Potential in Dubai

Through our affiliation with a highly accredited global bank in Dubai, that open all doors of finance to you. All these banks have all the help and assistance you need to manage and invest in international finances thus leaving you to work on your business success.

Can Quick Venture help you?

Quick Venture a professional Services Company In Dubai can help you in opening a corporate bank account with an international bank in Dubai. We will have to relay the instructions of the project to our team of experts who can advise on legal formalities, documentation and interacting with the bank for the project on your behalf. The decision-making process can be made easy and have maximum efficiency as our team of experts coordinates with the bank for the project on your behalf while the rest of the paperwork and legal formalities are explained to you and can be done by your end.

Let the potential of Dubai unfold

Being one of the most developed cities in the world with the best infrastructures established, and with the great option for international banks, Dubai is indeed a key domain for business. It is by selecting the most appropriate international bank that one provides himself or herself with all the necessary financial might and know-how to operate profitably in this vibrant economy.

Quick Venture, a trusted company formation specialist firm is here to assist you in your quest to setup a business in Dubai. To get the best from us, contact us today, and let us assist you to achieve your dreams financial.

Dubai Holding Company
20
Mar, 2024

How to Set Up Your Own Holding Business in Dubai

Effortlessly Initiate Holding Company

United Arab Emirates – a big name and prominent place for businesses and trades to operate. But do you know who makes it possible – The Holding Companies? 

 

Here, we are going to completely guide you on how to set up Dubai holding company. The structure of a holding company is opted by several categories of entrepreneurs even many times, individual entrepreneurs go with this one. Dubai Holding Companies offer tons of benefits including managing businesses, and their assets, and keeping companies away from liabilities. It is not a tricky task to start a  Dubai Holding Company. It just needs guidance from the right people which Quick Ventures can load you with. 

 

Read this article completely to understand the procedure of set up Dubai holding company, 

What Holding Companies are?

A holding company works to own businesses. The prime work of a Dubai Holding Company is to cater to businesses with a tax-savvy structure to assist them in possessing assets like properties and subsidiary companies. Also, it lets businesses limit their liability. 

Functions & Operations of a Dubai Holding Company

Certain functions of a Holding Company in Dubai include holding shares in their other subsidiaries, business assets, etc. The core functions of a holding company are property, ownership of assets, and intellectual property. However, these are not allowed to indulge in operational activities such as goods production, or asset management directly.  

 

The stakeholders or business owners get the assistance of limiting their liabilities whereas the operation is led by the hired board of shareholders which structures the subsidiary’s ownership, keeps track of performance, takes care of financial viability, takes merger decisions, and records the sales on assets. 

Do these Holding Companies have any specific types too?

Yes, Of course! You can have either a Free Zone or a Mainland company set up in Dubai.

  1. Free Zones are the ones wherein foreign investors want to take 100% ownership and control of their holding company.
  2. Mainland Companies are the ones that operate in Dubai mainland, which requires an issued commercial license approved by the Department of Economic Development.

What are the benefits of initiating a Holding company in Dubai

The UAE has been growing to an extent that it has become quite popular and advantageous for business to flourish. It is extremely profitable if you own property via a holding company since it offers innumerable benefits and opportunities because of its strategic geography as well as business-friendly policies. 

 

Let us know some advantageous scopes of starting your holding company in Dubai which makes the process more exciting since it comes with loads of benefits. 

  • 100% foreign ownership 
  • foreign employees aren’t restricted
  • share capital isn’t required 
  • provide your business with a shield of Risk mitigation to lessen the risks & debts  
  • The tax benefits of holding company in UAE such as 0% tax on personal income
  • capital repatriation isn’t restricted
  • Residency visa opportunities, as it safeguards your company assets and allows for property ownership under the company structure
  • State-of-the-art professional services whether regional or international 
  • The strategic location that can harness the market potential
  • located closer to the assets you own 

Requirements & Cost for Starting a Dubai Holding Company

The holding companies or businesses based in Dubai have to follow some regulations which include;-

  • Having a management board for setting up the policies for subsidiary companies
  • Diminish taken risks by subsidiaries 
  • Having a separate director for every subsidiary
  • Administer subsidiary activities
  • Ensuring that the subsidiaries have adequate capital

 

You need a Visa package if starting a business from afresh. At the same time, if you already have an existing one, you can commence holding company in Dubai with a zero visa package that can cost you somewhere around AED 12,500. However, not having a visa can additionally cost you AED 1,850. 

How to set up a Holding company in Dubai and what are the requirements?

It is not a hassle to start a holding company in Dubai. As I said before, you need the right people at the right time and we are the right platform for you. The process that we have designed is simple and easy. However, it takes a little time and patience to collect approvals and other necessary documents. First, you need to understand the regulations of the UAE which is why it is better to hire a business consultancy firm to equip you with the essential knowledge as well as procedures. 

 

You need to be ready with the minimum capital to put into business while applying for legal documents and structures. It can also vary as per the free zone or mainland. Next, you need sponsorships locally who can hold 51% of the share in your business which can be negotiable in support of protecting your interests. as it depends upon your skills.  Thirdly, visa requirements need to be fulfilled following the next process of compliance and regulations of the UAE which can’t be violated and lead to penalties for any failure of compliance. Office space is a must-have that has to be taken on lease to be present offline as marked essential by law. You also need financial statements to keep accurate track records for annual audits. 

 

The registration process of a Dubai holding company includes several steps of planning, researching, selecting the activity for your business, choosing the trade you’ll deal in, choosing the type of company you would have, selecting the right strategic location as per your business, opting for the type of entity, and lastly submitting documents. 

 

Quick Venture is a business owner’s first choice to start a business. We are a leading and trusted business setup firm in Dubai UAE offering company formation services at an affordable price in Dubai. People choose us for our assured quality and customer delightion. Our talented pool of experienced professionals is a state-of-the-art feature of Quick Ventures. 

Contact us today for better information and solutions on establishing a holding company in the UAE. 

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About Quick Venture

Quick Venture Business Setup is a leading business setup firm in the UAE, specializing in simplifying the process of establishing businesses for a diverse clientele. With a dedicated team and extensive expertise, we guide clients through legalities, licensing, and market insights. Our commitment to excellence, transparency, and tailored solutions ensures a seamless journey for entrepreneurs and enterprises aiming to thrive in the dynamic UAE business environment.

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