GUIDE TO BUSINESS SETUP IN DUBAI

Business Setup in Dubai, offers several perks moreover the tax free environment lures heavy foreign investment. Nevertheless, even as the Dubai government tries on make-friendly global business affairs, being a foreign entity entering the international market can be quite tricky and complicated as several factors need to be taken under consideration.

Major Decisions

Before starting a venture, you need to make some major decisions that can make you contemplate your pronouncements. Decisions of having your business plan intact, of having enough investments, of having a back-up plan, decisions with regards your business activity or type, business jurisdiction, comprehending the market, financial policies, income structure, currency exchange, business licensing, documentation and the list goes on.

Market Research

Ahead of capitalizing on your hard-earned money into this enticing market it is extremely important to apprehend the commercial trends of Dubai. A thorough research done under professional guidance is a must to understand the sustainability and suitability of your business activity. A businesssetup in Dubai needs to adhere to the protocols given out by the UAE government and Department of Economy Development. Even as the judicial bodies have made it simpler and customer-friendly, several cultural barriers of language and regularities may be hard on your pocket as you may end up spending a lot on unwanted stuff.

Business Licenses and Registration

An extremely crucial step on this guide is the licensing and registration process. The city of Dubai is organized and appreciates synchronization and segregation in every sector. Every respective business activity is columned under a certain license. In the Dubai there are three categories of licenses: commercial licenses – covering all types of trading activity, professional licenses – covering professionals, services, craftsmen and artisans and the industrial licenses – establishing industrial or manufacturing activity.

Identifying Your Legal Business Structure

The Commercial Companies Law - and its by-laws govern the operations of foreign business in the UAE – which includes Dubai. The provisions of these regulations decode a specific legal structure for every business that allow to determine the category of business organization you intend to set. The Federal Law instructs an equity of not less than 51% to a local national in any commercial activity besides it also states requirements such as; number of shareholders or directors, minimum capital levels, incorporation procedures and more.

The seven categories of business organization under the Law are as follow; general partnership company, joint venture company, public shareholding company, partnership-en-commendam, private shareholding company, share partnership company and limited liability company (which is most commonly preferred).

Immigration and Visa Procedures

Usually being a foreign entity businessmen are given an Investors Visa, however the nature of your business, the legal structure as well as the jurisdiction will be a deciding factor. The number of visa’s issued under a company, the eligibility of a residential visa, the medical and emirates ID formalities, various permissions and documentations are ascertained depending on the company type.

Your Business Plan

To get started you must have your business plan in order, once you are through all the approval and permissions from the governmental bodies your business plan need to be put to action. A business plan has to determine your objective with a time frame to establish it. Having a business plan will help you trace your accountability, control financial goals and condense time-wasting hesitancy. 

We are here for you!

Several entrepreneurs have an amazing business idea but are not guided in a way to flourish it. Let Business Link UAE Consultancy, be your ultimate guide, as we help you through company formation procedure, monitor your company's progress until enticing key employees to join your firm. We focus on legislative process of your company, acquire all the required documentation and permission, draft administrative and managerial summary, comprehend the management, marketing and financial aspects of your company. Business Link UAE also emphasizes on the location of your company, work atmosphere, corporate culture and prospects for growth and improvement.