5 Steps to Business Setup in Dubai
- Choose the Business Activity:
- Determine the nature of the business activity.
- Decide on the type of license needed (commercial, professional, or industrial).
- Choose between Free Zone or mainland location based on the business type.
- Select the Company Name:
- Choose a unique and non-offensive business name.
- Ensure the name complies with regulations.
- Finalize Incorporation Work:
- Apply to the relevant authority with necessary documents.
- Mainland businesses require approval from the Department of Economic Development (DED) and other external departments.
- Free Zone businesses require approval from the respective Free Zone authority.
- Open a Bank Account:
- After paperwork submission, open a business bank account.
- Choose from various banks in Dubai.
- Visa Processing:
- Complete visa processing for employees or partners.
- Steps include entry permit, change of status, medical fitness test, Emirates ID registration, and visa stamping.
- Cost Considerations:
- Understand the costs involved, including statutory payments to the government.
- Payment may cover initial approval, name approval, drafting and notarization of MOA (Memorandum of Association), license fees, and office space rent.
- Conclusion:
- Once the steps are completed, businesses can be launched.
- Consider hiring a business consultant for a smoother incorporation process.
XYZ Business Services Offers to perform all these services for you at an affordable rate and Quicker than any other consultancy firm in the UAE. For more Articles like this please checkout our Blog page, FAQ or reach out to us at Phone:+971581080763
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