How To Setup a New Business in Dubai

 Dubai can be a great place for starting a business abroad. It’s a leading trading hub that offers a range of benefits and opportunities for foreign investors and entrepreneurs. A new business setup in Dubai doesn’t have to be complicated, but it can involve some decision-making and documentation that can make the process daunting. This guide should help you set up your new business confidently.

 

Things to know 

 

Before you proceed, you’ll need to know and understand a few things about setting up a business in Dubai. For instance, you’ll have to decide between operating Offshore, over the Mainland or in a Free Zone. All options come with their own specifications and benefits, but your choice will ultimately depend on your requirements.

 

About the Mainland Option

 

The Mainland Option is a great license if you seek a 100% Ownership License with the ability of conducting Business Over the Mainland. Currently you will be able to find lots of Business Activities that can be registered with 100% foreign ownership.

 

The Department of Economic Development (DED) issues the licenses for new businesses in Dubai. The options include the following:

 

·       Commercial license – This is for businesses that involve the buying and selling of goods or trading activities. It can cover businesses related to sales, import and export, general stores, travel and tourism, real estate, and logistics.

·       Industrial license – This is issued to manufacturing businesses that transform natural resources and materials into final products.

·       Professional license – This is issued to service providers, craftsmen, and artisans.

 

 

 

 

 

About the free zone companies

 

If you want complete ownership of your new business setup in Dubai, consider applying for a license in one of the free zones. The concept of free zones was introduced by the government to encourage foreign investors to start businesses in the city. They are special economic areas where business owners can enjoy zero taxation and other ownership benefits. However, you’re not allowed to trade directly with the local market in the UAE.

 

Currently, you’ll find more than 30 free zones in Dubai and each is generally focused on specific industries and provides licenses to businesses that belong to those industries. Some of them are DMMC (Dubai Multi Commodities Centre), DIC (Dubai Internet City), and DIFC (Dubai International Financial Center).

 

Offshore companies

 

An offshore company may register in a free zone and get the same benefits and it’s allowed to conduct business activities outside the UAE, not inside. There are no requirements for the minimum capital deposited before incorporation. However, you’ll need a sponsor if you decide on this new business setup in Dubai and your ownership of the company will be limited to 49 percent.

 

 

Decisions to consider 

 

Certain decisions are involved in your new business setup in Dubai. For instance, you’ll have to decide on your business activity or the nature of your business before you can qualify for a license. You also have to decide on a free zone, which will depend on your business activity. Of course, you will have to pick a company name that must conform to the strict naming conventions of the UAE before you apply for initial approval with the DED. You’ll also need to open a corporate bank account and find an appropriate office location before applying for final approval.

 

You can always get help

 

There are business setup consultants who can back you up and help you navigate the process of a new business setup in Dubai. They can give advice on free zones, assist in company registration and LLC formation, conduct business analysis and development, and do research on your behalf. They can also assist with contract preparation, creating holding companies and trusts, and finding potential business partners.

Comments

Post a Comment

Popular posts from this blog

Conference Rooms for Rent in Dubai - Create Business Everywhere You Go!

Do you have a virtual office in Dubai but need a bigger space or a dedicated venue where you can hold meetings with business partners, investors, and current or potential clients? You don’t necessarily have to lease a physical office for this purpose. There are conference rooms for rent in Dubai that you can use as necessary, paying only for the number of hours, days, or weeks that you will need them.   These stylish conference rooms are designed to be conducive spaces for meeting investors, employees, and customers, and for setting your working relationships on the right path. They are already fully equipped, so you won’t have to worry about anything and can focus on your meeting.   All the amenities you need   The best conference rooms for rent in Dubai are modern, spacious, and equipped with state-of-the-art technology. Renting means having access to world-class conferencing facilities without investing your capital in buying them. These conference spaces are designed
Read more

Tips to Follow to Choose Conference Rooms for Rent in Dubai

  There are many flexible options and excellent packages developed to help new businesses to use commercial spaces. It helps the businesses to find the best addresses to establish an office or rent a conference room when needed without spending a fortune. Choosing conference rooms for rent in Dubaiis an ideal solution these days. You can get a posh address to bring down your clients or prospects and secure business with them. Business Centers offer such facilities at a reasonable rate. It will surely help you boost your business operations. Here is a list of tips to follow and find the most efficient conference room for your requirement. Tips to consider Ambiance The biggest parameter to choose a conference room is the ambiance of the building. It is not only the conference room that an audience will see but the entire building too. When you want to choose conference rooms for rent in Dubai,make sure it has a brilliant ambiance to impress the audience first. Do not find a very busy cor
Read more

Points to Consider While Deciding to Rent a Meeting Room in Dubai

  Many entrepreneurs who do business in Dubai work remotely and only rent meeting spaces as needed, usually to meet investors or clients in person. This is why it’s easy to find pay-per-use meeting rooms in Dubai . There are many options available in different areas offering varying sizes and facilities.    If you need to do a face-to-face meeting with important stakeholders, don’t do it in a coffee shop. Give your business more credibility by booking a meeting room. Choose a smart, well-appointed space that can help you make the best impression. You have to ensure there is a support office; that gives you access to services that can make your meetings more productive, and ultimately successful. Here are some points you should consider when renting a meeting room in Dubai:   Location and environment   It’s true what they say—you get what you pay for. It’s worth the investment to book meeting rooms in Dubai in good locations. If the people you are meeting with are coming fro
Read more