How to set up your own business in Dubai is a question often asked by many aspiring entrepreneurs who want to take advantage of the numerous investment opportunities and the freedom of having zero tax liabilities. To start a company anywhere in the world is a big decision which requires a lot of careful planning, conceptualization, researching and budgeting. Also required is guidance on selecting the right trade license for your business. Below mentioned are the steps you need to take on How to setup your own business in Dubai
To open a business in Dubai, UAE follow the steps below:
Select a business activity:
When deciding on how to set up your own business in Dubai it is very important to also carefully consider the feasibility and accessibility of the business activity that you have in mind. Thoroughly weighing the options and making an informed decision thereafter is made hassle free with BizTrack immigration as we are your full scale Business Setup In Dubai consultants that are geared with expertise on the industry latest to take your business from concept to initiation and beyond.
Select the jurisdiction:
The UAE market has been divided into three major jurisdictions – Mainland, Freezone and Offshore. Each jurisdiction carries specific laws pertaining to how to set up your own business in Dubai. Selecting your jurisdiction will depend specifically on your business requirements and business activity.
Finalize the company structure/legal form
When it comes to how to Set Up Your Own Business In Dubai it is crucial to understand the structure in which your company will be handling its profits and losses and how you should organize your resources and assets. To help provide a proper layout for your company you need to decide on your legal form before applying for your trade license. We have included a list of possible company forms to help you realize the scope of options that are available to you below:
- Local company branch
- Holding company
- Civil Company
- Limited liability company
- GCC company branch
- Free zone company
- Sole establishment
- Free zone company branch