How to Setup Your Own Business in Dubai

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How to Set up Your own Business in Dubai

• http//www.businesslinkuae.com

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• With economies across the globe becoming ever
  more interdependent, the ease with which
  companies of all shapes and sizes can set up and
  operate in a country becomes increasingly
  important.
• There are three major considerations to be made
  by those thinking of starting a business in
  Dubai. However, keep in mind that Dubai welcomes
  foreign investment greatly, so their restrictions
  are amongst the most liberal around the world.

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Steps to Set up Your Business

• Plan and research
• Licensing
• Location
• Onshore Licensing
• Local partner vs local service agent

www.businesslinkuae.com
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Plan and Research

• Make a Plan and research before you going to
  setup your own business.
• Entrepreneurs worry about the financial savings
  and the time they will have to dedicate to their
  business.
• Once those issues are dealt with, they reach the
  next stage - they are full of energy and want to
  get started straight away.

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Licensing

• Licensing should be prioritized and you must
  ensure it is done legally.
• Choosing the correct option at the start will
  save you time and money later on.
• There is nothing to be gained from setting up in
  one licensing authority or free zone, only to
  discover further down the line it doesnt serve
  your companys needs and wont allow you to carry
  out specific activities.

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Location

• Location isnt simply about where you would like
  to set up an office, shop, or factory but more
  about licensing jurisdiction.
• Options available, from onshore, licensed by the
  Department of Economic Development in each
  emirate, to a growing number of free zones, often
  themed around particular industries or segments.

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Onshore Licensing

• Onshore licensing means you are licensed in DED
  and is best suited to all types of commercial
  enterprises that would benefit from being set up
  as a limited liability company (LLC).
• Examples of this might be a trading company, a
  logistics company, or a manufacturing company

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Local Service Agent

• If you decide to license onshore, everyone will
  tell you to find a local partner.
• Onshore professional licenses are available for
  actions such as consulting and other services,
  and may be owned 100 per cent by a suitably
  qualified foreign national, although he or she
  must appoint a Local Service Agent (LSA).