The required licences depend on the nature of the business and its activities. Common licences include:

• Trade licence issued by the Department of Economic Development (DED) or the relevant free zone authority.
• Professional licences for specific professions.
• Specialised licences or permits based on industry regulations and local laws.

The minimum capital requirement to incorporate a company in the Free Zone depends on the business activity. There is no capital requirement for branch companies.

There are several free zones in the UAE to choose from, and select among these options the most economical Free Zone available. Business 4 Business Consultancy can guide you on the most suitable Free Zone for you that fits your budget.

The timeline for obtaining a business licence varies depending on factors such as licence type, jurisdiction, and application completeness. Typically, the process can range from a few days to several weeks. Working with a reputable business setup consultant can streamline the process and expedite licence issuance.

Cross-border transactions involving imports and exports are subject to VAT in the UAE. Imports are subject to VAT at 5%, accounted for through the reverse charge mechanism. Exports are generally zero-rated, meaning VAT is not charged, but businesses can claim input VAT credits on related expenses. Accurate record-keeping and compliance with VAT reporting requirements are essential for businesses engaged in cross-border transactions

The process of registering for VAT in the UAE involves:

• Determining eligibility based on annual taxable supplies and imports.
• Submitting a VAT registration application to the FTA through the online
  portal.
• Providing accurate information about the business, including activities,
  financial records, and contact details.
• Receiving a VAT registration certificate from the FTA upon approval.
• Commencing VAT invoicing and maintaining proper VAT records.

The tax registration process involves:

• Submitting an online application to the FTA through its e-services portal.
• Providing accurate information regarding business activities, turnover, and other relevant details.
• Receiving a tax registration certificate from the FTA upon successful registration, enabling businesses to legally collect and remit taxes.