How to start your business in united arab emirates

Business Article

Why should you know more about business services?

Business services are essential for building partnership with project management providers. We all know that how hard to start your business in a foreign country that require several procedures between legal, financial, and last but not least the important part is to define the business type and how important it is in Dubai market.
Would you start your business without putting in consideration that you wouldn’t build a partnership with a local investor, likely, there are many partners

Starting business in Dubai requires several procedures that are:

Your business idea

You must define your type of business so you can determine what kind of license you require whether it’s professional, industrial or commercial. This step defines the basis of your operations, the Department of Economic Development (DED) in Dubai has a list of over 2100 activities you can choose from.

Ownership

As a foreign national, if you'd like 100 percent ownership of your company, you need to opt for a license and location in one of the many free zones of the UAE. There are specific kinds of activities that each free zone caters to and clarity in the first step will help you find your best option

Free Zone

Free Zone, we have heard about the free zones in Dubai, but what it is? Starting business in the free zone is one of the attractive options for investors because they provide incentives and facilities as it enables the investor to own a company 100% can operate according to different rules, while establishing a project outside the free zone requires finding a local partner who will have 51 percent of the project, but this does not mean that he will get 51 percent of profits as the profit share is determined according to a memorandum of understanding.

The Legal Structure

To choose the first letters of the name of the project LLC or PSC, which means a limited liability company or a private shareholding company, in addition to the selection of the field work of the company or the project.

The City Approval

You should report the actual address of your project, but to do so, you must get the approval of the Planning Department in Dubai municipality on the site, which must be available for the health, safety and sustainability requirements, so you have to register your project in DMP soon, but if you choose to start your business within the free zone, you will not need approval from the city.

Document Release

If you reached this stage, it has succeeded, but you have not finished yet, there is a final step; to provide some papers for the economic development management, these include business name certificate, a certificate of initial approval, the lease Ejari, approvals for the specified commercial activity, approval of the Ministry of Agriculture, local services agent, and then you only need to wait where they will confirm the trade license within few days.

Why should you know more about business services?

Business services are essential for building partnership with project management providers. We all know that how hard to start your business in a foreign country that require several procedures between legal, financial, and last but not least the important part is to define the business type and how important it is in Dubai market.