Business setup guide
To set up a business in Dubai, you need to: choose your business activity, select a company structure, register your trade name, obtain necessary approvals, apply for a trade license, and open a corporate bank account; key considerations include choosing a suitable jurisdiction (mainland, free zone, or offshore), preparing required documents, and potentially acquiring sponsorship for mainland companies depending on your visa status.
Key steps in setting up a business in Dubai
Define your business activity
Decide on the type of business you want to operate, considering industry regulations and potential market opportunities.
Select a jurisdiction
Choose between the mainland market or a Dubai free zone, each with its own benefits and requirements.
Determine your company structure
Select the legal structure for your business, such as a sole proprietorship, partnership, or LLC.
Choose a trade name
Reserve a unique company name that complies with Dubai naming regulations.
Obtain initial approvals
Submit necessary documents to the Department of Economic Development to get approval for your business activity and trade name.
Apply for a trade license
Apply for the appropriate trade license based on your business activity, which is essential to legally operate in Dubai.
Secure necessary permits and approvals
Depending on your industry, you may need additional licenses and permits from relevant government entities.
Open a corporate bank account
Establish a business bank account in a UAE bank to manage your company finances.
Important factors to consider
Cost considerations
Understand the various fees involved, including license fees, office space rent, sponsorship costs (if applicable), and professional fees.
Visa requirements
If you are a foreign investor, you will need to apply for a residency visa to operate a business in Dubai.
Business consultants
Consider working with a business setup consultant to navigate the process and ensure compliance with regulations.
Legal and accounting services
Engage legal and accounting professionals to handle necessary documentation and financial reporting.
For expert guidance on establishing your business in Dubai from London, explore our resource library, which includes a comprehensive Visa Application Checklist and FAQs.
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