If you are planning to start a new business, setting up it in Dubai will be the best first thing your business will ever need. Dubai is the ideal location to start a company because of its various facilities as well as its business-friendly policies. Improved infrastructure, tax exemptions, world-class amenities, skilled labor, and a greater supply of resources and raw materials are some of the factors that will help your business grow in Dubai.
What made Dubai the top location to launch a business?
Dubai is an important strategic location in the world and that is how it becomes a top location to launch businesses. The three economic areas- The Mainland, Offshore, and Free zones offer favorable business-friendly laws and economic policies that have also influenced Dubai to become the top location.
Capital repatriation, top-notch infrastructures, foreign relations, and stable financial assets are other potential factors that made Dubai the number one strategic location in the world.
Dubai is a city that shows immense support for ex-pats and entrepreneurs. The businesses in Dubai benefits from the positive economic policies and laws implemented by the government. The implementation of 100% business ownership for foreign business persons is an example of that.
What is the cost of starting a business in Dubai?
Factors such as the size of the organization, location, etc will affect the cost of starting a business in Dubai.
Coming to the packages, take a look at the given below packages to have a basic idea of company setup costs available in the UAE.
Mainland Package starts from AED 18500
Free Zone Starter Package starts from AED 17,900
What are the benefits of starting a business in Dubai?
In shorter words,
Easy registration process
Cost-efficient business setup
Connectivity and exposure
Zero currency restrictions
are the benefits of setting up a company in Dubai.
What are the steps to start a business in Dubai?
Starting a business in Dubai is a very simple process if you follow the right rules and regulations. We have broken down the steps into four, to make you armed with the right knowledge on starting a business in Dubai.
Having a Business Plan
Having a detailed plan of business activities is the first step to starting a company in Dubai. Make sure that the selected business activities agree to the instructions listed by the official Department of Economic Development (DED).
Selecting the Business Name
To set up a business, you need to choose a business name or trade name to get started. You need to abide by strict naming rules while naming your company in Dubai. Refrain from using offensive language, names of well-known organizations, and abbreviations while naming your company.
Apply for a license
Applying for a trade license is the next step.
There are various types of licenses available to start a business. You will need an industrial license if you wish to start a manufacturing or industrial business.
You will need a commercial license to work in the commercial sector, that is buying and selling goods.
Similar requirements also apply to professional service provider businesses.
Apply for visas
To work in the UAE, the owner and the employees need visas.
If you have a business license in Dubai, you can sponsor visas for spouses, children, parents, employees, etc.
Connect with Bizvise and we are happy to help you with visa and license applications along with every other formality to start a business in Dubai.
Starting a business in Dubai is not that complicated if you have the right information. Taking assistance from an experienced business consultancy like Bizvise will help you with the procedures and formalities in a professional way. We provide company setup packages that suit your business activity and jurisdiction. All you need to do is to contact us.