Important Steps for Business Setup in Dubai

As we know Dubai is the one of the fastest business growing hub in this world for both local and international businesses. It is also an essential part of business world has powerful economic culture.

The Government authority department of Dubai offers friendly business procedure which attracts investors and businessmen from around the world to setup their business here. Here we are talking about the essential steps that every businessman should keep in mind while thinking to setup a business in Dubai.

These are the steps to consider for business formation in Dubai:

1. Business Type

2. Business Name and Type of Ownership

3. Local Support/Local Sponsor

4. Office/Company Space

5. Working staff/Employees

1. Business type

You should know the exact type of your business that will help you to determine which type of license you require for your company. It can be professional, industrial, commercial or other type of license. It explains the basis of your business work. The Department of Economic Development (DED) in Dubai offer a list of over 2100 activities you can choose from. If you do not get your specific one in there, you can contact Business Link UAE.

2. Business name and type of ownership

The business name should specify the nature of your firm either it is a new company of a part of other existing company. As company name is one of the important aspects of the legal process.

Type of ownership defines either you want to be the owner of your business as a 100 percent or need any local sponsor for your business setupin Dubai. If you want to start your business at your own without any participant then you will need a license for free zones of the UAE and also a location over there. Depending on your business nature and location, there are different legal procedures to follow.

3. Local Support/Local Sponsor

If you want to startup your business in Dubai Mainland and any other area except free zones, then it is must to have a local sponsor or partner. Without a local support, you can start a company. If you are looking for a local sponsor, Business Link UAE is here to help you get a trusted local partner.

4. Office/Company Space

When your company is ready to go after completing all the legal procedures in order to startup a business here, at this time it would be good to search some offices with good cost and select one of them that fulfills all your business requirements like internet, electricity, water etc.

       

5. Working staff/Employees

The next step is to hire employees for your company. Each zone has its own specific regulations regarding the structure of business and hiring of working staff.

So there were the some points to take into account when thinking about company formation in Dubai. Still, if you have any query about setup a business, drop a mail to us at info@businesslinkuae.com. As we are one of the trusted business setup consultants in UAE and help you in company formation in Dubai.