عربي
Earn 2,000 AED
If you are thinking of setting up business in Dubai this year, here are the steps that you need to undertake and some things that you need to understand as you go along with your business registration in Dubai.
There are more than 30 free zones in Dubai that aspiring business owners can choose from. But this step should not be taken lightly. Choosing the best location for your trade can be a big advantage for your business. One, you need to consider what free zone in Dubai caters to the nature of your business. For example, medical professionals would like set up their practice in Dubai Healthcare City, a well-known free zone for medical advancement and clinical services. IT-related businesses are likely to set up in Dubai Internet City and Dubai Silicon Oasis, known hubs for tech-related trades and innovation.
You also need to understand that each free zone has specific requirements for business owners who are registering their trade. Although there are general requirements accepted in all free zones, you need to know if you have to apply for certain additional permits or specific documents depending on your choice of business activity and free zone.
- Individual Establishment
- Civil Company
- General Partnership
- Simple Limited Partnership
- Private Joint Stock Company
- Limited Liability Company
- Partnership Limited with Shares (PLS)
You might also want to consider the nature of your business when you create a business name. Serious tones more likely associate with businesses like banks, medical practices, and corporate services. But with businesses like crafting, food and beverages, etc., you can be a bit playful.
- Professional license
- Commercial license
- Industrial license
- General Trade license
Professional license includes more specific services that your business would like to offer like medical, clinical, marketing services, etc. A commercial license, on the other hand, is applied by business owners who delve into trading like commercial stores, retail, etc. An industrial license is given to businesses who are involved in running industrial and manufacturing operations. Lastly, a general trade license is specialized for import and export services.
As mentioned, your trade license depends on the nature of your business. And each type of license might require a different set of requirements that you need to fulfill, so the help of an expert in company formation in Dubai is a must.
If you are planning to have a physical store, you need to find a specific location that would present your business well to your target audience. The good news is, Dubai free zones are strategic for business, so it would be a big advantage for your trade. But you need to consider the rent, the layout, and whether it is close to suppliers that can help your business.
On the other hand, there are businesses that can apply using a virtual office. There are free zones in Dubai that allow this setup. But you need to be more aware of the requirements and other conditions stipulated on this kind of company formation.
We stated earlier that Dubai offers a very streamlined process when it comes to business registration. The UAE government places great importance on providing an easy and convenient startup environment for aspiring business owners. However, it is essential that you do your research from the get-go and ensure your business in UAE is set up the right way and your license allows your company to grow the way you wish.
You may choose to register a business yourself, but it is advisable to talk to business setup companies in UAE so you will know for certain the requirements and documents you need to submit in order to avoid any delays or unexpected costs. A company setup specialist will confidently guide you step by step on the intricacies of starting a business in UAE, or more specifically in Dubai.
Starting a business in Dubai is straightforward compared to other locations around the world, but you need to follow certain procedures and steps so you can fully register your business and start your trade operations as soon as possible. Our company formation experts at ExpressPRO can help you make sense of this process and provide you the necessary information to make a sound decision when you set up your business in UAE.
