There are compounding factors why a lot of aspiring business owners choose Dubai as their bread and butter. Probably, the top reason is the advantages offered by the emirate and the free zones in Dubai to businesses.
- Encouraging business environment
- Availability of infrastructure and resources
- High levels of innovation across all industries
- Tax-free benefits
- 100% company ownership
- Strategic business location
- Diverse market and target audience
Starting a business in Dubai is a leap of faith. You need to take certain steps so you can set up a company in Dubai and start your operations. But you need be aware of the system and the procedures that you need to go through so you can start your business the right way.
If you are planning in the near future to test the Dubai business scene, here are some things that you need to keep in mind:
There are over 30 free zones in Dubai alone and each free zone is different from the other. Although they offer general advantages for aspiring business owners, you need to choose the best jurisdiction that would offer you the most benefits to grow your business.
Another factor that you need to consider is the nature of your business. There are specialized Dubai free zones that cater to specific industries. For example, Dubai Silicon Oasis and Dubai Internet City cater to Information Technology-related companies and businesses while Dubai Media City houses media and digital marketing related trades.
Some of the well-known Dubai free zones are:
The emirate of Dubai is open to almost all kinds of business structures. However, as an aspiring business owner, you need to be familiar with the different types of company setup and understand how your nature of business is aligned to the entity you will be choosing. Each legal structure has their own terms and stipulations.
For instance, if you plan to run your business by yourself, it would be best to go for the sole proprietorship category. If you have a local partner, your business will fall into the limited liability company (LLC) type. There are other types of business entities that you can explore and apply for, depending on the nature of your business, the decided investment ratio and organizational structure. It would be advisable to talk with expert business consultants in UAE like ExpressPRO so you can make a sound decision when it comes to business technicalities.
- Business or brand name
- Executive summary and business objectives
- Organizational structure
- Definition and nature of your business
- Specific products and services you will offer
- Source of capital and financial plan
- Target audience
- Operational plan
- Business and marketing strategy
Take your time and be thorough when drafting your business plan since it will serve as the backbone of your company. If you don’t know how you will go about your business plan, you can schedule a consultation with a professional business setup company in UAE for advice and guidance.
You might have already narrowed down your choices to a few free zones but when you are picking the exact location, you need to take the following factors into consideration:
- Operational need
- Rent Cost
- Potential growth
Once you completed the process, your business is all set and ready to run. Starting a business in Dubai can open up doors for you, but you need to make sure that you are prepared and know the fundamentals on how to set up a company in Dubai. Experts at ExpressPRO will provide you the necessary assistance so you can tackle each step correctly and have you start your business in no time. Contact ExpressPRO at +971 4 5840955 or send your inquiry to firstname.lastname@example.org.