The establishment of a business in Dubai isn’t as easy as most imagine it to be. This is because there are a number of rules, laws and regulations for you to comply with. For this reason, before you actually choose Dubai as the destination where you wish to establish your business presence, it is highly recommended for you to conduct as much research as possible over it.
Now that you have decided to set up your business in Dubai, there are certain steps that you need to follow to get things rolling. Look at here for more information about these steps:
- Get your documents in order and apply for your visa
To get things started, it is necessary for you to get your documents in order. Apart from your personal documents, it is also important for you to organize your business documents. The fact of the matter is that you will need to apply for a business visa and for that, it is necessary for you to have all your personal and business documents in place. This is necessary to ensure that the visa application procedure goes smoothly for you. Without the right documents, there is no way that you will be able to get your visa approved.
- Apply for a license
Once you reach Dubai, it is time for you to apply for your business license. For this, there are a few things that you need to figure out before getting started. For instance, what type of a business do you want to run? Apart from that, it is also important for you to determine where you wish to establish it. There are two different options that are available to you in this regard. First, you can choose to establish your business in the mainland. For this, you will need to apply for a business license through the Dubai Economic Department. However, you should know that you cannot operate a business in the mainland without a local Arab sponsor. On top of that, the local sponsor will also own 51% of your business.
On the other hand, you can also opt for a business set up in UAE freezones. This is a much easier option for those who wish to retain 100% ownership of their business. The regulations for acquiring a business license in free zones are also very simple, so make sure that you take all this into consideration when deciding where you want to establish your business.