How Easy it is to Set Up Your Business in Dubai

Discover How Easy it is to Set Up Your Business in Dubai!

Setting up a business in Dubai is relatively easy, with several government initiatives and support services available for entrepreneurs and investors. 

Here are the steps to set up your business in Dubai:

Choose the business activity and legal structure: You need to decide on the business activity you want to undertake and the legal structure of your business. You can choose from a range of legal structures, such as a sole proprietorship, limited liability company (LLC), or free zone company.

Select a business name and get it approved: You need to choose a unique business name and get it approved by the Department of Economic Development (DED) in Dubai. The name should not violate any trademark or intellectual property rights.

Obtain a business license: You need to obtain a business license from the DED or the relevant free zone authority. The type of license you require depends on the nature of your business activity and legal structure.

Apply for visas: If you plan to hire employees, you need to apply for visas for them and for yourself. The visa application process varies depending on the legal structure of your business and the location.

Open a corporate bank account: You need to open a corporate bank account to operate your business. The requirements and procedures for opening a bank account vary depending on the bank and legal structure of your business.

Register for tax: Dubai has a low tax regime, but you still need to register for tax with the Federal Tax Authority (FTA) if your business meets certain criteria.

Find a physical location: You need to find a physical location for your business. This could be an office, retail space, or warehouse, depending on your business activity and legal structure.

Overall, setting up a business in Dubai is a straightforward process, but it is recommended to seek the assistance of a local business setup consultant or a legal professional to ensure compliance with local regulations and procedures.