How to Set Up a Business in Dubai ?

1. How to Set Up a Business in Dubai ? www.Yellowpages.ae

2. 1. Select a Local Sponsor for Local Business Startup – Need of a UAE National • Get acquainted with the various facts associated with business startup Dubai. • There are plenty of business opportunities available in Dubai, as well as in the entirety of UAE. However, if you really want to start a business - registered LLC business. • A UAE national must be taken as a 51% partner who is called a local sponsor. • A local company provides the freedom to locate the business anywhere in the city. For a business startup Dubai this is a boon because it affords the best choice of locations to suit your budget. • A sponsor must be paid a yearly fee which can be negotiated. • Do develop a relationship with your sponsor so that he is ready to help you in sorting out any problems you may face along the way with authorities.

3. 2. Select a Free Zone if you wish to own your business 100% • Keep in mind that the only way for a business startup Dubai in UAE to start without taking a local UAE national acting as your partner is to locate your business startup Dubai in one of the Free Zones – which is practically not suited to businesses that must be in the city markets like restaurants and retail stores. • For a business startup Dubai Free Zone offers three great advantages – 100% ownership, Speedy start up, Duty Free customs boundary.

4. 3. Select a Location that optimizes suitability, convenience and costs • Another important step in planning a business startup Dubai is to determine the most suitable location for the business. • Setting up a profit-based enterprise in the city wouldn’t do you much good despite the growing economy if you’re customers or clients can’t reach you. • You need to set up your business in an area that is most profitable for your business or most convenient to your business. • A location in the city can be selected for a shop or an office most known for the type of product or service you are dealing with. • A tenancy contract must be concluded. • If you’re aiming to start a small-scale enterprise, then the basic amenities, like telecommunication, storage, and space inside the establishment is the basic concern

5. 4. Confirm Your Visa Eligibility and Requirement • For a business startup in the UAE a visa permitting you and employees to live in UAE is essential to run the business in Dubai. • Visas are allowed for almost all businesses. • However their number varies according to a variety of criteria such as the size of the office, nature of business, category of the employee or the investor. • If your business startup Dubai is a local company then you definitely need to work with your sponsor to get your visas – at least the first time.

6. 5. Hire a Business Consultant to take you through the process of Business startup • Hiring a business advisory firm to register your business startup Dubai may be an optional road for you • These consultants not only hold your hand right thru the setting up process but also actually does the company set up for you. • A business startup Dubai may find their expertise in dealing with the local government bureaucracy, with Free Zone Authorities to be of great help in planning and itemizing the process business startup

7. Things to Avoid While Starting Business in Dubai • Do not register your company in a Free Zone without taking a look at the available office sizes and preconditions • Do not make firm plans based only on published information • Do not choose a license category blindly without confirming if it allows your business model • Do not open a bank account without confirming the bank charges • Do not sign a sponsorship with local sponsor without a written legal agreement