How to Start A Business in Dubai | #UAE | Step-by-Step Guide
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How to Start a Business in Dubai?

How to Start a Business in Dubai

How to Start a Business in Dubai?

The UAE offers a unique set of business advantages that helps companies prosper irrespective of their sector and size. The question you might ask is, “how to start a business in Dubai” at affordable costs as a foreigner or local investor. However, you don’t need to worry about the process when you collaborate with the business setup experts at Shuraa.

The UAE’s strategic geographic location in the heart of the Middle East empowers business owners to seamlessly expand their ventures. An in-depth understanding of Dubai’s legal framework helps you start a business in Dubai at low costs. Moreover, you can enjoy hassle-free company formation in the mainland, free zone, and offshore region.

Steps to  Start a Business in Dubai

Starting a business in Dubai is straightforward when you follow the right steps. Here’s a stepwise breakdown of the overall process to make it easier for you:

1. Determine the type of legal Entity

What are the various business activities that you’ll carry out in Dubai? List them down and submit the same to the concerned economic department for approval. Ensure that you cover all the possible operational activities because your trading license would cover only these activities.

There are more than 2,000 permissible business activities, and you can choose as per your business requirements. Moreover, you also need to finalize your company’s legal structure. You are free to launch an LLC (limited liability company), branch/representative office, joint venture, and the list goes on.

2. Choose a trade name

Next, you need to finalize your venture’s legal trading name in the UAE. If you want to start a business in Dubai as a foreigner, you must understand the government’s naming convention protocols. The company name you choose shouldn’t have any derogatory terms or words that hurt the sentiments of a community or religion.

You need to pay an additional fee to use a foreign trading name as your official business name. Moreover, words like universal, worldwide, Global are treated as special characters and are charged AED 1000 extra.

3. Decide the Business Location

Business location is a critical decision you need to make after consulting with your shareholders and business partners. You must have adequate knowledge of Dubai’s operational business framework to know the advantages and limitations of each business zone. Therefore, it’s better to leave this decision to the business experts at Shuraa India. We understand your business requirements and recommended business locations ideal for your company.

Business owners have plenty of choices with regard to the business location. You can start a business in Dubai mainland, any of the free zone zones, or even an offshore establishment. Each business zone offers a unique set of advantages.

4. Choose an office space

Office spaces in Dubai are lavish, spacious, and boast of advanced infrastructure. You should always rent office space in the UAE for cost optimization. It’s beneficial as you don’t need to invest hefty sums of money in purchasing real estate property. Furthermore, you don’t have to put an additional effort to sell the property when you decide to relocate.

You can also secure a virtual office space to open a business in the UAE. All you need to do is sign a sustainability contract with Shuraa India, and we’ll handle the rest. You can connect with our experienced consultants to know about how to start a business in Dubai with virtual office space in Dubai.

5. Apply for a business license

A business license is your legal permit to perform all the business activities mentioned in the license. It opens the gate for several lucrative business opportunities in the UAE and your sheer dedication to succeed takes over from there. Business aspirants need to submit the mandatory documents ( NAme approval, initial approval, payment Receipts, and approvals to the concerned economic department to apply for a trading license.

You can apply for external approvals in case some of the desired permits aren’t covered in the license. Moreover, ensure that you maintain your license’s validity by renewing it from time to time.

6. Manage Visas and Open a Bank Account

Once you’re done with all the above-mentioned steps, you can apply for visas for yourself and your family. You can obtain visas for your relatives and domestic staff members too. All you need to do is get in touch with the concerned authority, submit the documents( investor visa, Rental Contract, attested marriage certificate, birth certificate) and obtain the visa permit.

Opening a corporate bank account is also essential to start a business in Dubai as a foreigner or a UAE local. Always choose a reliable bank that offers flexible banking services and long-term benefits.

What are the Benefits of Forming a Business in Dubai?

You don’t need to think twice before launching your dream venture in the Emirates. Here are some of the benefits you’ll enjoy when you start a business in Dubai:

  1. You can enjoy 100% ownership of your business in the free zones as well as the mainland. You’ll need to appoint an LSA (local service agent) who’ll assist you with documentation, and licensing processes without any shareholding in your company.
  2. You don’t need to worry about the various taxes when you start a business in Dubai. There is no Taxation in Dubai, The government provides several indirect tax exemptions as well, and you can also repatriate all your profits and capital gains.
  3. Businesses in the UAE enjoy increased surplus, thanks to the supportive business laws, high-profile customers, and a healthy working environment. You can learn from the world leaders of your industry that have their offices established in Dubai.

Which Documents Do I Need to Submit to Start a Business in Dubai?

Business owners and investors rely on the UAE’s government to provide a risk-free working environment. Therefore, all businesses need to go through rigorous rounds of document validation, and here’s a summary of the mandatory documents you must have:

  • Payment receipt of trade name reservation
  • List of business activities
  • Passport copy of the shareholders
  • Entry stamp or visit visa page
  • Passport size photograph as per the protocols (size, background color, etc.)
  • Initial approval receipt and documents submitted previously
  • Copy of the lease agreement signed by the Real Estate Regulatory Agency (RERA) in Dubai or Shuraa sustainability Contract.
  • Duly attested Memorandum of Association (MoA) or LSA  Local Service Agreement for all types of companies
  • Approvals from other concerned government authorities

Here are the key steps to start a business in Dubai, UAE.

  1. Determine the type of legal entity.
  2. Choose a trade name.
  3. Apply for a business license.
  4. Choose an office space.
  5. Get pre-approvals, register your business and get your license.

Open your Dream Company in Dubai Today!

Businesses of all sizes and sectors flourish in the UAE, thanks to its strategic geographical location and apt support from the government. If you aren’t sure how to start a business in Dubai, you can always collaborate with the legal advisors at Shuraa India. We take care of documentation, licensing, translation, bank accounts, and everything else for you. Let’s get in touch today to get started!

Connect with us today by calling on +918010990022. For chat assistance, send a WhatsApp message at +917303878183. You can also write to us at info@shuraa.in.



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