Setting Up Business in Dubai | FMACI
Setting up a Business in Dubai may become one of the best decisions you have taken for your business to come in front of the global frontline of opportunities. Since there are three main modes of business setup in UAE, which are rightly mentioned below, choosing the Right Mode of Business Setup in UAE is very vital as there are restrictions to conduct businesses that are not explicitly mentioned within the scope of company’s constitution.
Step 1 Choosing the Right Mode of Business Setup in Dubai | FMACI
Mainland Business Setup in Dubai, it is required to select a UAE as a local sponsor national for Mainland business setup in Duba or local business startup. You need to get accustomed with the various factors related to a business startup in Dubai. In Dubai, there are plenty of business opportunities available as well as in the other Emirates of UAE. However, if you really wish to start a business which must exploit the potential of Dubai then you need a LLC business or a Mainland Business Setup in Dubai which is locally registered. A UAE national should be taken as a 51 per cent partner who is called a local ‘sponsor’. A local company offers the freedom to locate the business anywhere in the city. This is a blessing for a business startup in Dubai, because it offers the best choice of locations to suit your budget. A sponsor must be paid an annual fee which can be negotiated. Do develop a report with your sponsor so that he is ready to assist you in sorting out any problems you may face along the way with authorities.
Free Zone Business Setup in Dubai is the ultimate option if you wish to have a 100 per cent ownership of your business. One should keep in mind that in Dubai the only way for a business startup to start without taking a UAE national acting as your partner is to locate your business in one of the Free Zones. Additionally, businesses that work with the government have to be registered with a local sponsor.Furthermore, the fact that purchase or rental in a Mainland be high for your budget to handle.
Offshore Business Setup in Dubai, it is the most favorable option if the you are willing to do business outside of Dubai or UAE and would like to take the benefits of the lenient taxation regime in Dubai and the banking facilities.
Step 2 Selecting a Location and Confirming Visa Eligibility in Dubai | FMACI
In planning a business startup in Dubai, another significant step is to decide a location which will be most suitable for the business.
Despite the growing economy setting up a profit-based enterprise in the city would not do you much good, if your customers or clients cannot reach you. An area which will be most profitable and most convenient to your business that should be chosen to set up the business.A location in the accurate city can be determined for a shop or an office is most known for the type of product or service you are dealing with.You must make the choice based upon the criteria of distance, costs and whether it is suitable for your product, business model, and trade requirements, if you are planning a Free Zone company.
A tenancy contract must be concluded. If you are planning to start out a small-scale enterprise, then the basic amenities, such as - storage, telecommunication and space inside the establishment is the basic concern that shall also be satisfied. Other services available in the commercial property can vary significantly.
Separately, a visa permitting you and employees to live in UAE is important to run your business for a business startup in the UAE. According to a variety of criteria’s such as the size of the office, nature of the business, the category of the employee or the investors, their number varies.
You definitely should work with your sponsor to get your visas – at least the first time, if your business startup in Dubai is a local company.
In Dubai, business visa application is not as strict as most would think since the bureaucracy is quite open to foreign investors targeting to set up shop in the city — any business is good business is the maxim here.
Nevertheless, as the investor of your business startup, you need to have your sponsor apply a visa for you.
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Step 3 Hire Us as Business Consultant for Business Setup in Dubai
Hire a business advisory or consulting firm like us to register your business startup may be your best choice. We will not only hold your hand right through the setup procedure but will also actually register the company for you. Starting from helping with opening your bank account, arranging for an auditor, doing your renewals and offering you nominee services.Their expertise in dealing with the local government bureaucracy and with Free Zone Authorities will be very helpful in planning and itemize your business startup costs