How To Start New Business Setup In Dubai?

Are you gearing for a New Business Setup in Dubai? If so, you need to consider certain formalities and obtain trade license to begin your business venture.

To start a company in Dubai there are certain rules and regulations in place that favour and encourage business owners. Although setting up of business in Dubai is easy, it is important to work with the consultants to make the work easier for you.

1. Choose the business activity: When choosing the business activity, it is imperative to choose the practicality of the chosen activity in relation to the UAE market. Do good research on the profitability and feasibility of the venture.

2. Choose the jurisdiction: The UAE market is divided into varied economic zones- Mainland, Freezone and Offshore. These zones are referred to as jurisdiction. Each jurisdiction has its own laws and regulations for business setup. When choosing a jurisdiction for your business depends on business needs and activity.

3. Finalize company structure: Choosing a legal form of your company it is important decision when starting business in UAE. Decide the legal structure during the planning stage initial phase. This will help provide layout for company. Business license cannot be applied if legal form of your business is not decided. 

4. Approval for your company name and activity: DED must approve the trade name of your company before you move ahead and begin the process of your company set-up in UAE. Your company name and selected business activity goes through the approval during this stage. After receiving the approvals you will have to submit documents for UAE trade license and start your company setup process in Dubai.

5. Apply for trade license: Apply for trade license based on your business jurisdiction.

6. Register the company: Take approval from the relevant government authorities as requested by DED and furnish all the documents for company registration.

7. Initial approval: Before getting business license it is imperative you get initial approval from DED, indicating that UAE government has no objection and you can start your business. 

Wrap up

If you need advise on Business Registration it is imperative you collaborate with the professional business consultants who will help you in your company formation in Dubai.

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Created on Apr 25th 2023 01:47. Viewed 123 times.

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