80 likes | 142 Views
Want to set up your own business in Dubai. Business Link UAE, one of the business setup consultant Dubai provides all services like LLC formation, visa processing, pro services.
E N D
How to Set up Your own Business in Dubai http://www.businesslinkuae.com
With economies across the globe becoming ever more interdependent, the ease with which companies of all shapes and sizes can set up and operate in a country becomes increasingly important. • There are three major considerations to be made by those thinking of starting a business in Dubai. However, keep in mind that Dubai welcomes foreign investment greatly, so their restrictions are amongst the most liberal around the world.
Steps to Set up Your Business • Plan and research • Licensing • Location • Onshore Licensing • Local partner vs local service agent www.businesslinkuae.com
Plan and Research • Make a Plan and research before you going to setup your own business. • Entrepreneurs worry about the financial savings and the time they will have to dedicate to their business. • Once those issues are dealt with, they reach the next stage - they are full of energy and want to get started straight away.
Licensing • Licensing should be prioritized and you must ensure it is done legally. • Choosing the correct option at the start will save you time and money later on. • There is nothing to be gained from setting up in one licensing authority or free zone, only to discover further down the line it doesn’t serve your company’s needs and won’t allow you to carry out specific activities.
Location • Location isn’t simply about where you would like to set up an office, shop, or factory but more about licensing jurisdiction. • Options available, from onshore, licensed by the Department of Economic Development in each emirate, to a growing number of free zones, often themed around particular industries or segments.
Onshore Licensing • Onshore licensing means you are licensed in DED and is best suited to all types of commercial enterprises that would benefit from being set up as a limited liability company (LLC). • Examples of this might be a trading company, a logistics company, or a manufacturing company
Local Service Agent • If you decide to license onshore, everyone will tell you to find a local partner. • Onshore professional licenses are available for actions such as consulting and other services, and may be owned 100 per cent by a suitably qualified foreign national, although he or she must appoint a Local Service Agent (LSA).