Starting a business in Dubai may seem simple and easy, but without the right help and guidance it can be a hard and daunting process, and you will waste a lot of time and money, thus instead of focusing on the business setup obstacles, you will focus more on your business plan and profits.
Furthermore, setting up a new business in Dubai includes several steps, the most important one is to settle on the most effective legal structure for your business, this usually depends on the activity of your new company, and how far are your willing to protect your business.
Additionally, there are several differences between setup a Dubai mainland company and a free zone company. The main differences are the nature of ownership, the liability limit, the need for UAE nationals as partners or service agents and the nature of economic benefits.
Investors usually choose a mainland business for its benefits, there are many advantages of starting a business in Dubai mainland, this includes the flexibility to do business setup in any part of the UAE, besides no limit on the number of visas you can get, and more business activities available for you to choose from.
How to start a company in Dubai?
- Reserve trade name
- Get the initial approval
- Find suitable location
- Sign the contracts
- Issue the license
Did you decide to Start a company in Dubai? If so, then you should know the steps and requirements, there are many business opportunities in Dubai, you have to find the right opportunity and start a company as soon as possible, first you have to select the best business setup consultant, we will manage the whole business setup in Dubai quickly and smoothly including the Dubai local sponsor, the steps to start a company in Dubai are:
Selecting and reserving the Trade name:
Finding the desired trade name is not an easy task, as most of the good trade names are already reserved, besides you must select a proper trade name, it should follow the general guidelines of the issuing authority.
Issuing the initial or pre-approval:
At this stage, you have to submit all the papers and documents to the licensing authority, this includes passport copies, visa copies, and NOCs if required, and sign the application form to submit it and get the approval.
Finding a suitable office:
After getting the initial approval, you need to find an office for your new company, the new license will be registered on that location, if the license is an LLC license, then you have many options, like business bay and Sheikh Zayed road … etc., Besides the business centers, they provide furnished offices and the rent includes all utility bills, but if the license is from a free zone, then you have limited options inside the zone, it depends on the available rent spaces, although most free zones have a flexi desk option, where you can issue the license without using the office, then you must get the tenancy contract.
Signing the contracts:
This step is required during the setup process, all the partners should sign a partnership agreement, it should declare the company capital, the shares and the profits of each partner, this agreement should be attested at the notary public, or at the free zone management office, this procedure differs according to the license type.
The final step, issuing the license:
After completing and submitting all the requirements, the licensing authority will issue the final payment voucher, once this voucher is paid, the business license will be issued, and you will be officially licensed to practice your activity.