25 Feb Business Setup in Dubai
Shuraa Business Setup is a leading company formation expert in the UAE. Shuraa was founded by Mr. Saeed Khalifa Mohammed Al Fuqaei Al Ali in 2001.
Considered the number one business location in the Middle East region, Dubai’s Mainland business setup is an extremely attractive choice for a business looking to access these regions’ rapidly expanding markets.
An individual is offered almost 2000 choices to set up a Business in Dubai. Once the choice is made by an individual, the next step in the process is to get the business approved by the DED (Department of Economic Development).
Afterward, an enormous list of business models available in Dubai mainland is made available to the individual which may include many of the business types like import or export, building an eCommerce website, or opening a simple outlet of confectionery complete research needs to be carried out before proceeding to set up business in the mainland.
Usually SWOT analysis is a preferred option that will provide ample help to an individual to decide once he decides to set up a business in Dubai. In addition to all this, it is very vital to know the type of business one wants to set up in Dubai, as that will precisely describe the type of license required by the individual or the organization. Setting up a business may require acceptance from Government departments.
Business setup in Dubai
While setting up a professional/ service business in Dubai now there is no need of local partner, you can avail 100% ownership.
However, business on the mainland is a very extensive process, but with the assistance of Shuraa Business Setup & its affiliated branches across the Globe i.e Shuraa Delhi – India Branch, Shuraa Dhaka – Bangladesh Branch we make the process feasible.
According to world bank stats, Dubai is currently standing in the top 10 positions for setting up a company.
The government has put in place a stringent application process that every individual must follow in order to set up a company in Dubai. Setting up a business on the mainland also requires a valid name as it forms a vital part of legal proceedings. The name of the business setup in Dubai should specify its nature.
The memorandum of association of the proposed business in the mainland requires only a share of capital is set out, while as in some cases, at the time of business setup, one does not even require minimum capital.
What is Dubai’s mainland license?
Starting up a business in Dubai Mainland all help is provided to the individual to find the properties suitable to one’s requirements as well as the assistance regarding water, electricity, and the internet along with other amenities, else one can opt for Shuraa Business Centres. Setting up a business and renting business premises is a must.
The tenancy agreement, Real estate regulation authority documents, and EJARI need to be submitted, following which initial approval will be granted by the DED
Cost of setting up Business in Dubai
Setting a business requires a significant upfront investment that will be used for office space, employee visas, license fees, and so on. This cost varies according to the type of business one intends to start (Commercial, Service, industrial) as well as the type of legal formation that is intended to be created(establishment, company, branch).
How much capital one needs to start a business depends on the form of business- for example, a professional License is 27k – 30k while a Commercial License is 32k – 35k and General Trading is 45k – 50k.
The cost is also determined by factors like where one intends to set up a business Whether the individual chooses the business in the mainland or the Free zone.
Both Free zone and mainland businesses have their merits and demerits as both require a different set of formalities to be carried out in order to start the business.
The Normal Duration to set up a company in UAE is 3- 5 Days.
Whereas Free zones company generally takes 10 – 15 days, depending on the type of free zone.