How to Start a Business in Dubai

There are several reasons behind this big decision to establish an office in Dubai. Firstly, Dubai is an excellent investment opportunity because of its strategic location and pro-business government policies. Secondly, Dubai hosts world-class international businesses which further attract expatriates and investors from across the globe. Thirdly, Dubai is an interesting market with new and innovative developments constantly carried out that promise to propel it to new heights. And, most importantly, there are endless opportunities in Dubai for an entrepreneur who can think creatively and successfully.

How to start a business in Dubai? One of the attractive factors behind setting up a business in Dubai is that there are no personal restrictions or taxes on working there. This brings in huge savings for the individual as well as the company. In addition, there are numerous free zones all over Dubai where the entrepreneur can set up his company without paying any tax or service charges at all.

A company that wants to establish its base in Dubai therefore needs to look for the right kind of office space. But finding office space can be a daunting task. There are several factors that need to be considered while setting up a business in Dubai and one of these is the type of industry they want to establish. In this regard, the most popular industries here are commercial and service sectors. Therefore, if you are a business person looking to get an office in Dubai, you can either choose commercial property or services or both.

The second factor that comes to mind while setting up a business in Dubai is the visa requirement. Before entering the emirate, individuals and businesses have to secure their visa. However, the number of foreign professionals who visit Dubai on work or vacation permits is on the rise. This is primarily because of the fact that visa processing has become much easier now with the implementation of the Dubai Free Trade Zone.

Besides this, entrepreneurs also need to secure their location in free zones before setting up a business in Dubai. This is mainly because property in free zones are less expensive than properties in other parts of the city. The reason for cheaper property prices is that the government has made the construction of infrastructure in free zones subject to market demand and so builders charge lesser rates. But it must be noted that investors must hire the services of a real estate broker in order to find the best locations.

Another option available to foreign investors in Dubai is to open a commercial establishment called a premium outlet. Premium outlets provide goods and services directly to local buyers. Unlike shops and other retail establishments, premium outlets are not allowed to sell foreign currencies. This is one of the reasons why there are more foreigners coming to Dubai to buy properties. Premium outlet owners have to comply with all local laws and regulations. Therefore, entrepreneurs keen on starting a business in Dubai should hire the services of a good broker in order to find out where the nearest premium outlet is and how to enter the industry legally.

The third step on how to start a business in Dubai is by completing the necessary paperwork. Among the required paperwork are business licenses from the emirate, legal documents such as contracts and agreements, registration of the business, and bank guarantees. Although business owners can complete these papers on their own, it is advisable to hire a professional company or individual to help with the process. The fees for such service providers are affordable and it allows entrepreneurs to concentrate on the business aspect instead of focusing on documentation.

The fourth step on how to start a business in Dubai is the most time-consuming yet rewarding part of the process. This involves searching for the appropriate Trade name or logo that will be best representing the business. It is recommended to use an internationally recognized trademark as it helps increase brand recognition. However, due to trademark infringement, it may be necessary to apply for international trade licensing. Once the paperwork has been completed, the business can now receive permits and go about the promotion process.