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How To Start A Small Business In Dubai

small businessPlanning on setting up company in Dubai?

Dubai offers businesses with an operating environment that is amongst the most liberal and attractive in the Middle East region. Their pro-investment and pro-business policies continue to encourage even foreign investors.

The city has a stable financial climate, which helps businesses from start-ups to international companies, operate successfully. It was known in 2011 that their average annual inflation stood at a minimal 0.5 percent.

Before starting a business, here’s what you should know:

  1. The law requires having a local partner who will own 51% of the company. If you want to own 100% of your company and do not want to have a local partner, it can only be possible in the Free Zone.
  1. You are required to show the Ministry of Commerce that you have a substantial sum of money to invest.

Set Up Company in Dubai

Research and planning. Don’t go into the process blindly. Plan and research every opportunity for a higher probability of success. Learn all about the legal requirements involved, and ask your sponsor for any clarification.

Location, location, location. If you are to open a company in any of the free zones, you won’t need a local sponsor. The country has more than 30 free zones, which tend to be divided into sectors such as technology or media.

It’s not about where you want your business to operate, but where your license permits you to operate.  Some licensing authorities allow you to set up as a freelancer or professional services provider.

Business licence application. Forms can vary from emirate to emirate, as well as from free zone to free zone. You need to go through the Department of Economic Development, the Immigration Department and the Ministry of Labour.

Any business must have a Business (Trade) License in Dubai. Requirements for license may vary depending on your business category. Those under financial services, health sector, and food trading may require more.

Find a good local partner. If you operate outside the free zone, you will be required to have a local business partner in Dubai. Local partners can be individuals or companies and they don’t need to contribute to the start-up investment.

Finding a sponsor. Foreign investors should find a company with good experience and reputation to act as their sponsor. If you want a competitive edge, pick a sponsor with affiliate and contacts in the local business group.

Business Setup Services Dubai

Let an expert take care of your start-up, so you can focus on your business. With their help, you can get valuable insights into the common pitfalls of start-ups. You can avoid queues, government bureaucracy, and evolving rules and regulations.

Professional help will be vital in protecting your interests. In Dubai, there’s only one trusted company – Austria Business Center. They offer trusted licensing, sponsoring, and partner sourcing services.

For a successful UAE business setup, visit their website at www.austriabc.com.



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