What are the steps to set up a business in Dubai?
The right time to set up a company in Dubai is now. But most entrepreneurs do not know how to set up a business in Dubai. In this blog, we will give a short guide on the necessary steps that must be followed for the company set up in Dubai.
- Determine your business activity
The type of business you want to set up is the factor that decides the location of your company in the Dubai free zone. Because some Dubai free zones allow only a certain type of business and the rest of the activities are restricted. Although you can later have multiple business activities listed under one single trade license you have to establish your business activity early on.
- Choose your trade/company name
One of the most important things is to focus on your company’s name because the UAE has strict naming conventions. It should not be offensive in any way or has religious or political references. If the name of the company is after any person then the person should either be the owner of the company or a partner. And you cannot use abbreviations while naming your company after the person.
- Complete all the paper works
Whether you start a company in Dubai or anywhere either world, you have to follow some procedures and complete the paperwork. Acquiring business license, company registration, visas, application form including the name of the company and the activities your business will have, etc. are required. Some of the free zones also require additional documents like Non-objection Certificate (NOC).
- Opening a bank account
After you have all the necessary documents like a business license, you will be able to open a corporate bank account. UAE has local as well as international banks with many different services so that you can decide the best suitable for you.
- Hire a business setup consultancy
Company setup in Dubai is not a meager task and hence you should always hire a business setup consultancy. EBMS is one of the best in the field. We will guide you through all the processes along with the documentation, bank account opening, finding the right location, acquiring the license, etc. We are well versed with the local government authorities and their rules and regulations and hence you won’t face any complications.
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