Set Up Business in Dubai, UAE

Setting up a business in Dubai, UAE 

Setting up a business in Dubai, UAE is not as difficult as you comprehend. The Emirates city has developed its economy to create many openings to conduct different trade operations in a diverse business sector. Allowing millions of people to get attracted to invest in Dubai. Along with providing one of the best infrastructures, public transports, housing, and a better lifestyle in the country, the UAE encourages many migrant business investors to invest in much better opportunity sectors such as Real Estate, Oil and Gas, Retail, and tourism.

Why Choose to Invest in Dubai?

There are many reasons why a businessman should choose to invest in Dubai. Apart from the fact that the economy is flourishing for many years. The country is also a great estination for businessmen to invest money into. The open space for money in the country is a good reason to start establishing a business or investing in an existing one.

If you take a look at Dubai and its population rate, the number of migrants working in the city are higher than any other group in the country. It is due to the increasing growth of jobs in the city. Which in return makes it a great destination for investors to start investing in the business sector. Access to employees from other countries is available in the city and the costs of hiring them are relatively low compared to any other city.  

Another reason why it is best to invest in Dubai is because of the freedom from tax. Apart from the corporate tax regime set by the government and the investor need not pay any income tax for the establishment. Which makes Dubai an income tax free city with many free zones to trade.

Support from the local and international banks in the country is another encouraging aspect to choose to invest in Dubai. The banking services in the country is one of the best known in the Gulf. Many banks are open to welcome foreign investors and migrants to start a business in the country and open an account for the funds.

The property market in the country is another reason why investors should choose to invest in Dubai. With so much growth in the tourist and travel sector, the need for many hotels, resorts, residences are arising over the years. Which in return, creates a success rate for the investors to invest in real estate options with a profitable way for business in the city.

Steps to set up a business in Dubai, UAE

The procedure to set up your business in Dubai is easy. You can set up a business in Dubai within 6-8 weeks. You can consult an expert on how to set up a business and know the latest details at Dubai Global Home.

Choose the type of business you wish to invest in the city. You can either invest in a business that exists within the country or establish a new trade in the economy. By selecting your business type and conducting market research you can prosper in the city.

Possess ownership of the investment in the country. As a foreign investor, it is necessary to make sure that you have the right trading license to conduct your operations in the city. Dubai offers a 100% repatriation for investors. The free zone and mainland trading options are open for foreign investors with a suitable trading license.

Creating the legal structure of the business. You can check out Set up your business in Dubai for more information regarding the business structures.

Choose a trade name to make your business legal conduct in the city. It is important to register your trade name with the authorities with your capital funds and other documentations.

Once you have completed the legal procedures for the trade, you need to possess an office in the city as part of business conduct. You can either rent or lease a property for your business. You can then hire employees for your business.