how-to-start-a-business-in-dubai

How to start a business in Dubai?

Do you want to open a company in the UAE but don’t know the steps? Are you looking to gather more knowledge on how to start a business in Dubai? For UK entrepreneurs and investors, we answer all the queries related to business incorporation and register in Dubai in this blog.

UK business owners must be aware of the pros and cons of each business zone and trading license to start a business in Dubai. However, you don’t have to worry in case you don’t have the required information. Why? Because Shuraa is here to help you out with all your company formation requirements.

How to Start a Business in Dubai?

Listed below are the steps that business aspirants in the UK need to follow to open a business in Dubai:

  1. Choose a Legal Structure and FInalize your Business Activities
  2. Book a Legal Trading Name
  3. Select the Ideal Business Location for your Business
  4. Rent an Office Space
  5. Obtain the Desired Business License
  6. Manage Visas and Open an Account

Here, we discuss each step in detail to understand the requirements and outcomes of each stage:

1. Choose a Legal Structure and FInalize your Business Activities

The first step to open a business in Dubai is finalizing your legal structure. You can open an LLC (limited liability company), a shareholding company, a joint venture, etc. Furthermore, you’re free to choose the jurisdiction of your choice.

Next, you must list down all the business activities you want to carry out in the UAE post successful company incorporation. The same list needs to be sent to the concerned economic department for approval. In addition, the investors from the UK should always consult with Shuraa’s business consultants for expert guidance on business activities.

2. Book a Legal Trading Name

Every legal entity carrying out its business operations in the UAE must have a legal trading name. Furthermore, note that you’ll need the payment receipt of trade name reservation during license procurement too.

Ensure that you follow all the naming conventions when choosing the ideal name for your business venture. In addition, try to keep a name that’s easy to remember and indicative of your business activities. Never use controversial words or terms that have a reference to any God or religion.

3. Select the Ideal Business Location for your Business

Where do you want to start a business in Dubai? Do you have an in-depth understanding of each business zone in the UAE? Where do you expect to find your target audience? All these questions must be addressed before you finalize your company’s establishment location.

If your business belongs to the media and communication category, it’s lucrative to launch your venture in DMC (Dubai Media City). Furthermore, financial firms find a home for their ventures in the DIFC (Dubai International Financial Center), and the list goes on. Moreover, you also have the opportunity to register your company in the mainland/offshore regions.

4. Rent an Office Space

All companies in the UAE must have an official business address because all the legal communications are delivered to this location only. However, this doesn’t force you to invest in real estate property or physical office space.

The UAE’s government allows you to launch your company remotely by securing a virtual office space. The entrepreneurs in the UK who aren’t familiar with virtual offices can connect with Shuraa’s business experts. In addition, you can also invest in cost-friendly flexi-desk options to open your dream venture in the Emirates.

5. Obtain the Desired Business License

Once you’ve finished the steps discussed above, you can get started with this step where you need to apply for a trading license. It’s the legal permit to carry out all the business activities mentioned in your approved license. However, you don’t need to worry in case some of the activities still remain uncovered.

All you need to do is apply for external approvals to gain legal consent from all the concerned departments. After that, all that’s left is to get started with your day-to-day operations. The company formation experts at Shuraa UK take care of all your licensing requirements. In addition, we provide end-to-end business assistance for your sheer convenience.

6. Manage Visas and Open an Account

The investors and entrepreneurs in the UK might not be aware of the hassle-free process maintained by the UAE’s government for visa application and processing. All the steps are well-defined, and you can procure visas for yourself and your family members in a quick time.

Moreover, you can apply for more visas after expanding the size of your rented office space in the UAE. Finally, don’t forget to open a corporate bank account in a reputed bank of your choice. It’s a critical step if you want to start a business in Dubai as you’ll need this account to manage all the funds and transactions.

What is the Cost of Setting Up a Business in Dubai?

You don’t need to invest fortunes of money if you wish to open a business in Dubai. Today, company incorporation in the UAE is cost-effective and quite flexible. In addition, business consultants like Shuraa make the entire process easier for you by handling all the legalities.

The expected cost of opening a company that comes under the commercial license can be around £4000 to £7000. Conversely, the cost of a professional license-oriented business is around £2800 to £5500.

What are the Benefits of Opening a Business in the UAE?

  1. The best part about launching a company in the UAE is the power to enjoy complete business ownership. Furthermore, note that you can now enjoy 100% ownership in the mainland region too.
  2. You don’t need to pay any personal or corporate taxes apart from VAT when you start a business in Dubai. Furthermore, you can repatriate all your profits and capital gains to enjoy an increased surplus.
  3. You don’t have to worry about how to start a business in Dubai because everything’s well-organized and structured. Therefore, simply follow the established steps maintained by the government and you’ll open your company in no time.

Start your Business in the UAE!

Opening a company in Dubai is a smart investment choice, thanks to the lucrative business opportunities. Moreover, the support of the government and local authorities makes company incorporation a safe business venture.

All you need to do now is connect with the business consultants at Shuraa to discuss more on how to start a business in Dubai. We’ll guide you through all the steps involved in launching your dream venture in Dubai, the land of opportunities.

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