Dubai is a great place to start a small business. The UAE government announced a total of $70 billion to encourage small business growth. The UAE government has seen a rapid rise in the number of entrepreneurs. There is a lot of confusion about the business registration process. This brings me to the purpose of this blog: To assist foreign investors like yourself in setting up their business registration at a reduced cost.
Registering your company in Dubai as a small business
To be eligible for company registration in Dubai, the first step is to prepare your core team. Each business member must obtain an Emirates Identity Card. Entrepreneurs should secure the necessary information and then hire a reputable business consulting company such as ours to obtain the legal details about how to complete paperwork.
There are two major areas in Dubai’s business sector: the mainland and the Free Zone. Each area has its own rules and regulations for foreign business associates. One must make a wise choice by determining the budget and obtaining a license to start a company. We have covered all the essential steps and now we will help you to understand the exact nature of the registration process in Dubai.
Register Your Business in Dubai in 5 Easy Steps
These solutions are affordable and entrepreneurs can quickly register their business with the help of the right people.
* Plan your business activity
Before you can find clues for the next steps, it is important to decide and complete your business activity. Manufacturing and trading can be connected to your business activity, which is done in Free Zone. Entrepreneurs usually open professional businesses that can be opened on the Mainland. Next, you need to find all shareholders in order to create a Memorandum of Association (MOA).
New business owners can use our business consulting services, along with other top agencies in Dubai, to create their articles of association. Although these documents can take some time, an experienced consultancy company will help you navigate the complicated path to establishing your company’s identity in the Dubai market.
* Choose your unique Company Name
A company’s trademark registration must be approved in order to apply for a trading licence. This is a crucial step in business registration in Dubai. A new company name must be clean and not include any offensive or blasphemous words. This could prevent the Dubai business registration process from progressing. To save time, the consultancy team must be fully informed about all requirements to register a company name. They can also provide suggestions for names that might work.
* Application for a Legal Business License
This is because the trading license is the foundation of the procedure. Government departments won’t allow an owner to open a business unless they have a legally stamped permit. A professional or commercial permit is available for small business owners with limited resources. If entrepreneurs have contacted a consulting company, they can get the license application within days.
* Combining your Paperwork
Entrepreneurs who are not familiar with Dubai’s government system will find it difficult to gather all necessary credentials for company registration. If you are already connected with business consultants at this stage, they can send company formation specialists to you who will guide you and collect the documents, while omitting any irrelevant papers for Dubai business registration.
* Locating an Office Space
Many of the enclosed office apartments in Dubai were built for start-ups. A Flexi desk, or an office to rent, is available for entrepreneurs who want to help kickstart their businesses. You can find the office space that best suits your needs and then you can shift your attention to the last stage of business registration in Dubai: your VISA application.
* Open your VISA and Bank Account
Next, you will need to open a bank account and apply for a VISA. Our consulting can help you find the right legal advisors to provide affordable packages for Visa for Dubai. A photocopy of each business shareholder’s identity card, passport-sized photos, and details of six months of transactions will be required for a bank account. After completing the steps in Dubai, entrepreneurs are qualified for Business setup in Dubai.