Most investors prefer setting up a business in Dubai because of its profitable and the largest business market. Dubai’s mesmerizing views, amazing beaches, and grand shopping malls are famous. It can be ideal for investors who want to set up a business and grow faster. The business folks can reach their business setup in Dubai higher if they have proper guidance and consultation.
Business setup in Dubai is not something that you should take lightly. It would be great if you have proper guidance and consultations to ensure that aspirations get addressed nicely and that you can achieve your revenue goals. Future Vision offers cutting-edge business setup solutions to help people who want to start a business in Dubai. We at Future Vision have an excellent team of consultants who can provide you with the best possible solutions throughout the way.
Business Setup in Dubai
Starting a business in Dubai can provide you with all the perks you need to grow your business faster and achieve revenue goals. You can’t set up a business in Dubai without the consultation, necessary documentation, and approval from the government. Please read our detailed guide on business setup in Dubai to understand all the terms and conditions of starting a business in Dubai.
- Select a Business Activity
Before you start a business in Dubai, choosing a business activity compatible with the UAE business market is important. Take enough time and research the profitability and feasibility of your chosen business activity.
- Select a Jurisdiction
Business setup in Dubai requires a careful selection of jurisdiction. The UAE business market is divided into three jurisdictions/zones-Free Zone, Mainland, and offshore. Each zone has its laws and regulations for business setup. You can select a jurisdiction based on your business needs and aspirations.
- Select Legal Form/Company Structure
Choosing a company structure of legal form for your business setup in Dubai is essential as it sets the tone for dealing with losses and profit. You can’t file for a business license in Dubai until you decide on a legal form for your business setup.
- Get Approval for your Trade Name
The trade name you select for your business setup in Dubai will create awareness about your business. Before you start the business setup in Dubai, you must get approval for your trade name from the DED (Department of Economic Development).
- Apply for Trade License
There are four types of trade/business licenses in Dubai for which you can apply for;
- Industrial License
- Commercial License
- Tourism License
- Professional License
You can apply for any license based on your business needs and requirements.
- Register your Company
After getting your trade license, you must get the necessary approvals from government authorities. The documentation required for company registration differs for each company activity and type.
- Obtain Memorandum of Association
Before starting a business setup in Dubai, it is important to understand the complexities of MoA (Memorandum of Association). Your MoA drafting must follow the mandates of the UAE government.
- Get an Office Space
Get attractive and suitable office space for your business setup in Dubai. You can’t get a trade license in Dubai without a valid office address.
If you’re considering starting a business setup in Dubai, you can contact Future Vision. We have expert business consultants who can provide you with top-notch business recommendations by handling all the paperwork independently.