I want to setup a business in Dubai. What are my options?
People who are eager to start businesses in Dubai can do it without any fuss but of course, investment would be required. The starters will have to go through the processing of ownership of the business they are willing to start.
You can either setup the business in the mainland or the free zone. If you are planning to setup in the mainland then you will need a UAE national to be the sponsor. The local sponsor should own 51% shares if you are into starting a trading company. The sponsor should also provide you with the power of attorney and exclude from any kind of involvement in the business operations or the profit sharing. 100% ownership is required for the investor but a local service agent is still needed. On the other hand, no sponsorship is required in the free zone.
What will the cost be of a new business setup in Dubai?
The activities of the business decide the cost along with the business location, investing partners and other factors. The cost also depends on the business being in the free zone or the mainland.
What is the process of setting up my business in Dubai?
Licensing for starting the business includes three stages. First is the approval, which requires application submission and then you decide the trade name. The second stage involves fulfilling all the legal requirements which are required to be met by the investor. The authority will process the steps and investigate about the investor and his legitimacy regarding all his career and education information. The third and final stage involves issuance of the license, business premises and processing of the investor visa.
What difference will it make to my business operations if I setup in a free zone?
Your business activities must be permitted. The business can only operate outside the UAE and within the free zone. This becomes a problem if your main market is located in Dubai that is in UAE. You might need services of a broker or agent for this purpose. If you set up the business in the mainland then you can operate your business locally and internationally.
What are the documents I need to submit to get my business license?
• Passport copies of sponsors and all partners
• Approval application with you and your sponsor’s signature
• Application for trade name reservation
2nd and 3rd Stage
• Passport copies of all partners
• Signed and notarizes agreements
• Attested educational certificates
• Tenancy contract for the select premises of the new business
• Specimen signature card
• 12 passport size photographs
Any other document required by the authorities will be necessary too.
How much time will it take to setup my business in Dubai?
The approval is received within 2 days. The licensing process depends on the current schedule of the department and it almost takes two to three weeks. In case of special approval or attestation, the duration of getting the license exceeds accordingly.
What if I require some other business consultation?
You can definitely call us between 09:00am and 08:00pm (GMT+4) from Sunday till Thursday. Our Online Chat Facility is also available for any instant queries.
Appointments can also be arranged by mutual consultation.