Easy Steps in Starting a Business in Dubai

Yes, an outsider can even start a business in Dubai too. The native population is more than 80% foreign, with most of these having their own established businesses. Dubai is host to a number of business formation specialists and setup representatives, designed to help guide prospective foreign entrepreneurs through the process of establishing a business in the country. The city has also developed into a preferred location for launching offshore companies, due to its free market and tolerant environment. But setting up an office in Dubai is not as straightforward as it might seem.

In order to start a business in Dubai, you will need to get a license or permit. This will be necessary for trading activities undertaken in the free zone or out of the free zone. You will find that all commercial activities are required to be registered in the court of law. A number of factors will determine what your commercial activities are permitted to be. For example, if you are running a food business, you will be required to obtain a food business license. You may even be required to obtain a specialized employment contract, which will provide details on the financial and other legal commitments involved.

Before you even think about applying for a license, you should be aware of the different types of licenses available to you. A trade name is one option, which will allow you to trade under a temporary trade name while you develop your business. The trade name will not, however, allow you to open an actual shop. Trade visas and work permits are required for those wishing to trade full time. A visa application form is required for those applying for a work visa.

One option open to you is to open a limited liability company in the free zones. A limited liability company is considered an offshore entity, because it is not legally domiciled in the country you wish to do business in. However, when you incorporate in the free zones, your company can incorporate its own address and has the right to transact business as though it were domiciled in the country you are resident in. This means that your company can have access to banking services and share ownership in its own accounts.

Another option for easy incorporation process is to set up an individual business. There are a few Dubai companies that will help you setup a company with you, without any fees until you actually start your business. These companies specialize in setting up businesses for foreigners coming to the free zones from western countries. Setup fees are usually very low and the setup time is very short. Starting your own business in Dubai will definitely be easier and faster than starting yours from another country.

Before you purchase any company registration equipment or service in Dubai, ensure that you know the Dubai government authorities' regulations on foreign investment. There may be some restrictions or charges on the types of businesses you can operate from the emirate. For instance, if you are an expatriate from a country other than the one you are resident in, you must inform the government officials about your intent to run a company in Dubai. The emirs will ask you for certain information like your national identity, passport and visa status. Once the authorities receive your application, they will give you a license to start a business in Dubai.

You will also need to acquire a non-immigrant visa prior to setting up your business. This type of visa is necessary for people who are not eligible for the immigrant visa. To get a non-immigrant visa, you can visit the Dubai human resources department or the Dubai department of commerce. Once you receive your visa, you can start your business in Dubai.

The first step when setting up your business in Dubai is to develop a business plan. Your business plan will be your guide in obtaining the necessary licenses and permits to operate your company in Dubai. If you have no idea how to create a business plan, you can find resources online. Remember that before you can start operating your business, you need to register it with government agencies and obtain a visa.

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