How to start a business in Dubai is a big question for many people thinking of starting their own business. Dubai is a modern city with amazing technology-penetration and if you’ve got all the right paperwork in place, you can start your new business within a matter of seven-to-10 days. But before jumping into launching your new venture, let’s take a look at a few of the important considerations you have to keep in mind when starting and registering your company in Dubai. Firstly, you need a license to operate in Dubai which will take a while to get but it’s worth it in the long run. Once you’ve got the license, you’re free to run the business as you wish in Dubai but you still need to register your company with the State Bank of Dubai. This process can take up to 2 months and once it’s done, you’re business can open for trading.
The next consideration for people thinking of how to start a business in Dubai is the type of visa they need to obtain in order to start a business. There are several different types of licenses available in Dubai, which includes work visa, business visa, employment visa, residence visa and tourist visa. Each type has its own set of rules and regulations so you’ll need to do your research thoroughly to ensure that you meet all the legal requirements for each. For example, the resident visa is for people that plan on staying in the United Arab Emirates for a minimum of 6 months or more, work visa is for individuals that plan on working in jobs that require employment in Dubai for a minimum of 3 months or more, a business visa is for companies planning on doing business in Dubai and tourist visa is for tourists wishing to visit the United Arab Emirates.
Start a business in Dubai
If you are considering how to start a business in Dubai, you will also need to consult with some Dubai company formation experts to get expert advice on setting up your company. These company formation experts can help you get the funds you need, advice on the legal system in Dubai and even tell you about registering your company. They can also help you find a business mentor that can help guide you on the way to building your first successful business.
Company formation in Dubai is very easy due to the fact that there are several free zones within the emirate. Most business owners in Dubai prefer to open their company in one of these free zones as it’s much easier to comply with local laws and regulations. You can also save a significant amount of money by starting up your company in one of these free zones. That’s because there are no corporate taxes in the free zones.
The next thing you will need to know when you are considering how to start a business in Dubai is how to get a license for your business. There are several rules and regulations related to operating a business in the free zones. You must have a license or permit to run a business and it is mandatory that you obtain a license before you can operate your trade. This is one of the most important things you need to be aware of on your quest to operate a business in Dubai.
Get License of your Business in Dubai
In order to obtain the license you must follow certain procedures and obtain the required documents. These documents include your passport and visa if necessary and you will also have to pay a fee which is usually a few thousand dirhams. This fee is required in order to start and maintain a registration with the Dubai labor government. Another thing that you will need to do is to pay a fine if you are caught using illegal foreign workers in your hotel, restaurant or catering business. Many hotels and restaurants in Dubai require at least one employee who has a valid work permit and they are mostly the ones who work in the free zones.
After obtaining all these documents you can now setup an office in Dubai and register your company name. Once this is done you will then apply for a trade license for your new company. Your company name will remain confidential as long as you abide by the rules and regulations related to trade. Your office in Dubai will be located at the same location where you are conducting all your trade activities and all your company activities will be recorded and monitored by the Dubai labor authorities. It is important to note that all your company activities must be consistent with the type of goods you sell. If your company name changes then all your company activities must comply with the new company name and this can become very complicated and time consuming.
A small business formation expert in Dubai can help you get all of these things together for you and will even help you set up an office in the free zone. This way all your trade and company activities are legal and above board and your company name will remain confidential. You will also enjoy all the benefits that come along with doing business in Dubai including tax free status, free land and other incentives as well. It is important to note that the services provided by a small business formation expert in Dubai are totally legal and they do not require any fee if the deal is signed off. However, if there are any legal matters that require further clarity you will need to hire a lawyer for this purpose.