Dubai, over the past two decades, has proven to be the land where business dreams have come true. There is no doubt that business policies and regulations have been successful at creating an environment that people have loved. It is this environment that has also driven growth in the business world in Dubai.
People from different cultures and countries have come to the emirate to start company in Dubai and most have benefitted from their decision to move to Dubai. Mutli-service businesses are easy to setup in the UAE. The advantages our numerous and so are the opportunities
If you want to start company in Dubai, you have to get a license from the Department of Economic Development (DED). The DED license comes with certain restrictions on share of ownership for foreigners, based on different legal structures under DED and the type of zone that the business is setup in.
A guide to registering a company in Dubai and the UAE
For an investor, the process to register a multi-service company may look difficult to go through but it is really not. That is what makes Dubai the dream business destination.
a. Choose your business activity:
All your following actions and decisions will be based on the type of business activity you choose. Rules and regulations will be applied on you by authorities accordingly as well. So choose your business activity wisely and learn about the requirements to run that specific business before you make a decision. There is no need to rush things.
b. Choose a name for your company:
Registering your company name is highly important. The process is simple but the authorities make sure that intellectual property laws are not violated. It also helps them keep their records clean and regulate the business as required, with considerable ease.
c. Finalize all paperwork:
Make sure all your documentation is ready with you. It is not a hassle to register a business startup Dubai but it can become one if you have not already learned what documents you need. You wouldn’t want to visit the same office twice or thrice for the same task.
d. Receive your license:
Once the process is complete and there are no red flags in relation to your documents and business activity or the name, you will be able to collect all corporate documents related to your new multi-service business startup Dubai.
e. Open a bank account:
Now you need a corporate bank account. It is a must as not only will your corporate income go to that account initially, it will help authorities hold you accountable for matters related to taxation and other relevant matters. This is also going to help in record keeping.
Advantages that you will have with your business in one of Dubai’s free zones:
a. Complete ownership of your business setup in Dubai
b. Low or no taxes at all
c. You can carry out import and export activities
d. Three years visas for investors, staff and family members
e. It is easy to employ staff for your business
f. Document clearance is faster than in most cases
All the help you need
Firms like Company Registration Dubai are able and willing to help you understand every aspect of registration of a business setup in Dubai. From information on free zones, to services for business registration and company formation, the consultancy provides everything. You can also use support services that the company provides like product registration and visa services in order to make things easier for yourself.
Our experts are waiting for you to send in queries. Call us or shoot us an email.