Business setup in Dubai witnessed a sharp expansion until the end of the year 2017, as reported by the economic tracker of Emirates NBD in a national daily. The report says, “New business establishment and activities have enhanced the economic conditions and non-oil sectors are mainly expanding.”
This expansion has continued in the year 2018 as well and why wouldn’t it be? Starting a company in Dubai or the UAE offers businesses a crossroad for prominent trade centers. Businesses are also benefited by global opportunities and optimistic potentials created for entrepreneurs starting a company in Dubai. There are also possibilities that provide an affordable cost for business setup in Dubai.
Though excise tax and VAT has come in order, still Dubai continues to offer lowest corporate tax rate globally and is affluent for a low cost of business setup in Dubai.
The Dubai Government and the Department Economic Development (DED), creates unconditional business openings and appealing environment for businesses. However, several people are barricaded by the simple requirements of starting a business in Dubai.
Here listed are some of the major requirements if you are also wondering how to start a business in Dubai:
- Reserve a Company Name / Trade Name for business setup in Dubai.
- Setting up business in Dubai require you to register the company at the Department of Economic Development.
- Notarize the company’s Memorandum of Association at Department for Economic Development.
- Submit and sanction the company documents with Department for Economic Development for starting a company in the UAE or even in Dubai.
- Attain Trade License fitting your business activity and jurisdiction
- Register for membership at the Dubai Chamber of Commerce and Industry (DCCI)
- Apply at the Ministry of Labor for the establishment card
- Register employees with the Ministry of Labor
- Register employees with the General Authority for Pension and Social Security
- Rent or Lease an Office
- Get in touch with business setup service providers, to derive a professional and well-informed outlook for your business.
To know more about how to start a business in Dubai or to ascertain the various costs for business setup in the UAE, contact Shuraa Business Setup now!
Shuraa Business Setup is a leading business setup services provider and a commercial consultancy, that offers substantial solutions with regards to business-related issues in Dubai as well as in any other parts of the UAE. For more information or to book a free consultation with a business setup consultant, feel free to call us at +971-44081900 / 050 7775554.