Steps for starting a business in Dubai Mainland, UAE
If you are wondering steps for starting a business in Dubai, you should know that it is not a very cumbersome process; and the best part is that it brings you many personal, economic, and professional benefits. It is important that you take into account certain things to be successful, among those planning, budgeting, and conceptualization. In addition, you can hire companies in Dubai that will guide you throughout the process. In this article, you will see all the details on how to start a business in Dubai. The first thing will be to give you all the details of what you must do to be able to succeed in this task. In other words, you will see a step-by-step guide that you have to follow to better understand the entire process. In addition, we will show you in detail all the benefits that opening your business in this city will bring you. 1. Step-by-step guide on how to do the business setup in UAE Currently, many people are interested in starting their business in Dubai. In case, you are part of this group of individuals, surely you are wondering how to start a business in Dubai. Next, you will see every one of the steps that you must follow to fulfill your dream of opening a business in this city. 1.1 Select a commercial activity This can be considered the most important step of the entire list, the success of your company will depend on this. Currently, there are different highly sought-after business activities in Dubai. The best thing you can do is investigate what are the best business opportunities that currently exist in the UAE. Thus, you can choose the one that guides you to have a prosperous company. 1.2 Choose a good area in Dubai In the UAE there are different economic zones in which you can establish your business. These are, free zone, offshore and continental. You should know that each one of them contains a regulation and a set of laws regarding the opening of businesses. Once you decide in which economic zone you are going to establish yourself, you must investigate what these regulations are and the requirements to be able to comply with them. In addition, each of them has a limitation concerning commercial activities. 1.3 Choose the legal form of your company The legal form that you choose for your company will be what decides the tone and structure of how income and expenses will be handled. In addition, it is what will tell you how you should organize all the resources and assets of the company. In conclusion, this step is what is going to help provide a design for the company. It is important to add that without this you cannot apply for a business license. 1.4 Obtain business activity and company name approval When you ask yourself the question of how to start a business in Dubai, at first, you surely thought of two things; the name and commercial activity. Bearing this in mind, you must have the approval of the Department of Economic Development (DED). Without this, you cannot continue with the process of starting a business in Dubai. 1.5 Business License Application Currently, there are five commercial licenses, from which you can choose depending on your commercial activity. It is important to clarify that if you decide to settle in a free zone it will vary. Next, you will see a list of the different licenses that you can opt for: Professional license. Commercial license. Industrial license. Trade license. Tourism license. 1.6 Company registration process Once you apply for a business license, the company is registered simultaneously. Despite this, the approval and documentation process goes through different stages. In addition, at this time, all approvals from authorized government authorities are also obtained; as requested by the DED. 1.7 If you want, get a local partner In the process of how to start a business in Dubai, they have made quite a few beneficial changes for the stakeholders. Among them, is the acquisition of a UAE citizen partner. This was previously a required step but is no longer required. However, they may request it and if that is the case, you can contact a company that offers these services. 1.8 Get external approvals Generally, DED requests some additional approvals from additional government agencies. It should be noted that they can also come from non-governmental entities, everything will depend on their commercial activity. For instance, they may request approvals from embassies, and specific banks, such as international and others. 1.9 Assign a share capital to the company For this, you must request a Memorandum of Association for your company, which decides what the minimum share capital is. It is important that you understand the complexity of this document. This is because it includes the mandates of the government in the UAE and its commercial interests. Therefore, before writing the Memorandum of Association, it is recommended that you contact expert advice. 1.10 Rent an office The time has come to rent an office in the area of Dubai that you have chosen to establish yourself. There are different options for the workspace that you should choose according to the needs of your company. For instance, virtual office or shared office space. This is a key point because it will determine the number of visas you can apply to the DED. Obtain a rental agreement and ejari An ejari is a lease that sets out the agreement between you and the real estate agency that got you the office space. The ejari is extremely important because they request it to obtain or renew the visas of your employees and family members. To obtain this document you must go to the online system governed by the Real Estate Regulatory Agency (RERA). 1.12 Hire employees Every company needs employees in different sectors. In principle, what you are going to need is a manager who can oversee all the business operations of the
How to Start An Ice Cream Shop in Dubai, UAE? Complete Guide
Dubai is among the most attractive cities in the world, and its spectacular skyline makes it a favorite investment and tourist destination for foreigners. Dubai’s property business is on a long-term growth trajectory, which is characteristic of innovative firms. Nowadays, opening a business in Dubai is very advantageous, even if it is an icecream shop. In this article, we will show you how to open a ice cream shop Dubai. A common summer tradition is enjoying ice cream with family and friends. Thus, there is a huge need for local ice cream shops. Consequently, we bring you here a step-by-step guide on how to start an ice cream shop in the alluring city of Dubai. Let us observe: 1. Know what type of business is an ice cream shop Ice creams are a classic summertime treat that both kids and adults enjoy. In these last years we have been seeing the introduction of numerous new ice cream flavors and flavor combinations. As well as the growth of the food truck industry and the acceptance of pop-up and temporary businesses. Consequently, it is no surprise that people are looking for ways to starting this business in Abu Dhabi and all over the UAE. An ice cream shop sells ice cream as well as other frozen treats such as milkshakes, yogurts, gelato, and sorbet. These frozen foods are usually served in a variety of ways and with a variety of toppings. One of the best things about opening an ice cream shop is that clients may order their favorite frozen treats exactly how they want them. Since ice cream is still a popular snack, especially in the summer, and since ice cream businesses do not need a big dining or kitchen area, this type of business appeals to Indian investors and entrepreneurs from all over the world. 2. Do you know the structure necessary for an ice cream in Dubai business? To open an ice cream shop in Dubai, you can use a variety of structures when going through company formation. The decision is up to the prospective owner, and the size of the business determines it. The most common structural shapes are as follows: 2.1 Sole Proprietorship A sole proprietorship or a sole enterprise is a company run and owned by one individual. Such a company has a lone proprietor as the owner. Subsequently, a sole proprietorship cannot be owned by a business or corporate entity. Additionally, it can only have one shareholder. In a sole proprietorship, the firm owner is solely in charge of managing it and is responsible for both its profits and liabilities. Here are some quick facts about sole proprietorship in the United Arab Emirates: Lone proprietor. Absent shareholder. 100% control of the company. Total control of the company’s operations. 100% retention of profits. Liable only for the company’s financial commitments and liabilities. Low cost of startup. Quickly registering a business. No need for startup funding. You may establish any kind of sole establishment if you are a citizen of the GCC or the UAE. It could be a business, tourist, industrial, or professional activity. In accordance with your professional license, you may also establish consultancies in a variety of fields. However, foreigners can only apply for professional licenses for their sole proprietorship. 2.2 Limited Liability Company A limited liability company, or LLC, has a shareholding structure that includes more than one partner. This is quite common among Dubai entrepreneurs because it asks the stockholders to make a small investment. Furthermore, owners can apply to obtain as many visas as they desire. Investors must obtain a commercial business license from the Department of Economic Development to start an LLC. With the aid of this business license, the organization is able to freely transact business both domestically and abroad. 2.3 Civil Company A civil company is a group of two or more certified professionals in particular fields that collaborate to provide a variety of professional services; sometimes it is also referred as a civil partnership or establishment. These professionals include consultants, doctors, accountants, lawyers, and engineers. Business entrepreneurs can establish a civil business as partners and must possess formal skills in their area of specialization. An international professional partnership may serve as one of the stockholders of a civil corporation set in Dubai. However, if the proprietor or investor is a national of a nation outside of the GCC or the United Arab Emirates, an LSA (Local Service Agent) is necessary to support the civil trading license. 2.4 Free Zone Company In the UAE, there are now 40 free zones in operation, and more are being built. Only businesses that fall under those categories are eligible for licenses in each Free Zone, which is built around one or more commercial categories. One of the main benefits of setting up shop in one of the UAE’s free zones is that there are no restrictions on foreign ownership, and businesses are governed by an independent Free Zone Authority (FZA) that is in charge of issuing operating permits and regulating business operations there. Then, comes the typical business setup. This process can be difficult, however, with a business formation agency, you can start your Ice cream uae in no time. The experts in Dubai ice cream shop incorporation will help you with these problems. 3. Learn the necessary steps for opening an Ice cream Dubai business To broker ice cream shop transactions, a company or individual must first obtain certification from the UAE Ice Cream Shop Regulatory Authority. After passing a course and acquiring an agent registration number, owners can obtain an icecream shop license. Individuals that obtain the RERA license and work for ice cream shop companies in Dubai will get a broker’s card. Do not be afraid to contact business establishment Dubai registration professionals if you want to open an icecream shop in the Emirate. Here are the steps to follow if you can learn how to start business in Dubai: 3.1 Step one: Choose the business model Remember that if
