Dubai is an attractive place to do business. Setting up a business in this lively part of the UAE can put you to the quick path to success. However, for foreign entrepreneurs, setting up a business in Dubai can seem like a big challenge. Getting the help of a UAE business setup expert can help get things done easier and faster.
If you’re an outsider looking to set-up a business in Dubai, you need to understand a few things first before jumping in.
Licensing
Any business of any category is required to have a “trade” license in Dubai. There are three basic categories of trade licenses issued by the Department of Economic Development (DED) in Dubai namely, commercial license, Industrial license and Professional license. Different agencies and government ministries’ requirements for trade license and permissions can vary depending on the category of the business. All these can seem like an overwhelming task, hiring the services of people who have years of experience in transacting with relevant government authorities will certainly save you time and even resources.
Sponsoring
For start-up entrepreneurs, having a local sponsor/agent is a legal Dubai Economic Department (DED) requirement. Finding the right sponsorship/agent for your company is one of the core issues to start your business in Dubai. Having professionals with excellent knowledge of local laws to assist and take charge of all the legalities and liaise with relevant government branches associated with your start-up stage can help you find a trusted sponsor.
Every company, other than those with a professional license, set up in Dubai or elsewhere in the UAE is required to have no less than fifty-one percent (51%) shareholding by UAE nationals. Finding the right local partner who shares your vision and willing to invest in your business can also be challenging, all these can be addressed by a company that provides such services in Dubai.
Finding an office space
New UAE regulations require free zone companies to have a physical office to ensure they are legitimate. The physical location allows authorities to conduct inspections and ensure immigration laws are adhered to. For start-ups, renting a virtual office in Dubai free zone can be a better solution while the business is still at its early stage. It is not difficult to find a space for rent for office purposes in free zones. You can either rent a serviced office space with inclusive services of a virtual office assistant or a furnished, custom made office space that suits your business needs.
Austria Business Center
If you are a first time entrepreneur in Dubai, getting people with years of experience in this business means a lot in getting your business off the ground the legal and correct way. Let Austria Business Center (ABC) take care of all these matters so that you can focus on the most important aspects of your new business. ABC is trusted company based in Dubai that offers a wide array of virtual office, serviced office and custom made office packages including expert business setup services. For more information, please visit http://ift.tt/1DELyV7.
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