How to start Business in Dubai uae ?

in #business7 years ago (edited)

19807418_1427544823958120_1252585495_o.jpg

Your type of Business will determine the kind of license You require. Whether It is commercial, professional or industrial license, these will define the basis of your operations. However, while selecting Automobile, Auto Parts, food trading, jewelry eternity activities and legal consultancy requires for further approval from Government departments.Department of economic development ( DED )
1- Ownership :
As a foreign national, if you would like % ownership of your company, you need to opt for a license and location in one of the many free zones of the UAE.
2- Legal form :
Depending upon your location and type of Business, they are certain rules & regulations regarding the make up of your company .
3- Trade name :
Your trade name is very important part of the legal procedure. The company name should ideally indicate the mature of Business.
4- Share Capital :
Minimum Share Capital is usually set out in the memorandum of association of you prepared company. In most cases, you don't need to pay minimum Capital at the time of setting up.
5- Premises :
Once you have your legal procedures & amp forms ready to go, it would be the best to short list some of offices with costs and other details. This would mean a clear path forward once you get your legal formalities out of the way. In free zones, you will get assistance to find premises suitable to requirements  along with the help to set up electricity, water & other amenities.

In most legal forms of the Dubai Economic development ( DED ) you need to hire manager to oversee operations and have him ready to be on board before your registration is approved.
6- Local Support :
For DED licensees, it is manadatery to have a local agent, partner or sponsor & this is a great support for foreign national's. For free zones, having a local contact can help take the business forward effectively & efficiently .

http://gulfnews.com/guides/life/law-finance/8-basic-steps-to-set-up-a-business-in-dubai-1.1814243

Upvote, Resteem and ask any question.

Sort:  

nice photo! I appreciate your work

thanks@andyx

@irfanullah
Great writeup!
Keep sharing.

thanks@qagiri.

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 58054.32
ETH 2357.16
USDT 1.00
SBD 2.42