Business setup in Dubai
Dubai is one of the major business hubs and is rapidly growing globally. It is the most attractive place to set up a business. More and more entrepreneurs across the globe are expanding their business and bringing their ideas into reality in this booming industry. Business setup in Dubai provides great infrastructure, strong connectivity, and a competitive business environment.
The “City of Gold”, provides vast business opportunities and innovative modules for enterprises from the world. The two major factors that motivate startups to set up their business here is international exposure and government. Entrepreneurs in Dubai also get perks on investments and tax benefits when compared to other countries.
How to set up your business in Dubai?
Get your local sponsor, and start preparing your Memorandum of Association (MOA)
Get the approval of the company from the Department of Economic Development (DED) and decide upon the trade name
Arrange for office space and apply for trade license
- License application
- Government forms
- Name reservation certificate
- Passport copies of the partners
- NOC of the partners
- Initial approval certificate
- Tenancy contract
Business licenses available in Dubai
In order to set up a business in Dubai the first and the most important factor to be considered is to obtain a license. Be it any type of company formation, Business licensing in Dubai is a compulsory requirement. Since a license validates your company as a legal entity and defines you and your business enterprise.
Here are some of the various types of Licenses for Business setup in Dubai
The commercial license in Dubai is easiest to obtain compared to other business licenses. It is for companies dealing with general trading or a specialized trading activity.
Companies engaged in manufacturing, producing, fabricating, or indulged in any other special activity, needs to obtain an Industrial License.
For service-oriented companies like craftsmen, artisans, and professionals need to apply for a Professional License.
Companies involved in Trave Tourism and healthcare has to obtain a Tourism License in Dubai.
Why should you set up your business in Dubai?
Dubai is still considered to be the number one business location in the Middle East. Because of its real estate and banking sector, Dubai has managed to stabilize itself financially and increased its economy. The legal procedures are fast-tracked, there is minimal paperwork, and the registration procedure is simple. Companies from all over the world, are willing to set up their business in Dubai due to a huge inflow of foreign capital, hence making the economy of Dubai even more strong.
Advantages of business setup in Dubai
- Taxation benefits
- There is no minimum capital requirement
- No restrictions on trading locations
- Dubai is the fastest-growing economy
- Free zone benefits
- First-class infrastructure
- Work along with government bodies
- There is no restriction in currency limitation
- Low import duty
- More options for business activities.
- There are no limitations to the number of visas.
Are you willing to set up a business in Dubai?
Many entrepreneurs face complexities in the incorporation of a company in Dubai. It involves a tedious procedure and there are certain restrictions to it. But consulting the best service companies can ease your business setup and provide you with the necessary services.
If you are willing to set up a business in Dubai, MSZ Consultancy will help you build your dream business. MSZ Consultancy provides LLC company formation and related-setup services in Dubai and across UAE to get your business up and running.
Our team of experts will offer you complete solutions for setting up a business in Dubai. We also help in providing trade licenses, company registrations, government approvals, PRO services, and everything that involves in the formation of a company in Dubai
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