So you’ve thought about it long enough, and you’re ready to expand your business or set up a new one in the thriving oasis that is Dubai. Well, you are in the right place! By the time you finish reading this blog, you’ll be well-equipped with everything you need to know to establish a business in Dubai. We’ve broken the steps down into an easily understandable format, covering legal requirements, business structures, government approvals, and more.
Outline Your Business Activity
The first step in the Dubai Business Setup Process is to understand the type of business activity you seek to engage in. This determining factor paves the way for the specific licensing requirements and legal structure of your business.
Decide on a Legal Structure
Dubai has positioned itself as an idyllic location for all kinds of businesses, offering several legal structures for you to choose from:
- Sole Proprietorships
- Partnerships
- Limited Liability Companies (LLC)
- Free Zone Companies
These structures have pros and cons. It is advisable to read more about these structures to ensure you choose the right fit for your business model. If you are in doubt, SetHub is always on call to help you make an educated decision.
Name Your Business
When choosing a name for your business, ensure it complies with the requirements of the Department of Economic Development (DED). The name must not be already in use and should follow the guidelines regarding offensive language, religious references, and more.
Apply for Initial Approval
To obtain the first approval from the DED, submit your business plan and other related documents for review. Once this approval is received, the UAE government has given you the green light to proceed with your exciting new venture
Location, Location, Location
Decide on a physical location for your business. This could be within mainland Dubai or in one of the many free zones. Free zones offer benefits like 100% foreign ownership, tax exemptions, and more.
Sign the Lease for Your Space
Your chosen business activity and legal structure may have specific requirements for an office space. Once you’ve found the spot that works for you, sign the lease so you are ready to move in.
Submit the Required Documents
You will need to submit a series of documents to either the DED or the freezone authority where your business will operate:
- Completed application form
- Memorandum of Association (MOA)
- Initial approval certificate
- Tenancy contract
- Copies of shareholder passports
Receive Your Business License
Once all documents are reviewed and approved, you will receive your business license.
The Final Lap
Once you have made it this far, the only things left to do are secure a corporate bank account and begin the visa application process for your Business Registration Dubai.
Need Help? Contact SetHub!
SetHub is among the best consultants for Business Setup in Dubai and much more. Whether you’re trying to figure out where to start or need help with any other legal or business setup matters, SetHub is here to make the Dubai Business Setup Process smooth and hassle-free. We are always ready to assist you with advice that is tailored to your requirements.
Why Choose SetHub?
- Our team of legal and business experts is well-versed in UAE regulations and procedures.
- Schedule a call with us and hear back within one business hour.
- Our tailored solutions are guaranteed to meet your specific needs.
Reach out now and let us help you through every step of the process of Starting a Business in Dubai.
