Guidelines in Setting up Company in Dubai

Are you planning to set up company in Dubai?

Dubai continues to show its economic stability in the international market, attracting a lot of business investors. Last year, it has been ranked as the 5th highest performing metropolitan economy in the world based on growth in GDP per capita and employment rates.

Setting Up Business in UAE

The key is to find a legal team that offers trusted licensing, sponsoring, and partner sourcing services. They take all the hassle out of the start-up process, negotiating and completing all necessary legal paperwork.

Before you start, here are three things you should know:

Research about the business sector you aim to operate within. Study the market conditions, the competition, and forecast results. Licensing should be prioritized. Any business must have a Business (Trade) License in Dubai.

The law requires to have a local partner who will own 51% of the company. He doesn’t need to contribute to the start-up investment. 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.

Upon registration, you are required to show the Ministry of Commerce that you have a substantial sum of money to invest. Initial overheads are lower within the free zone. However, there are restrictions when it comes to visas and permits.

Are you planning to set up a business in Dubai?

Check out some informative articles that may help you with your planning.

For a quick and easy process of company formation contact or visit us today!

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