8 top ways to make BUSINESS SET UP IN DUBAI

 Business Set up in Dubai shouldn't take you more than a week once you've sorted out all your legal procedures.

How to establish a company in the United Arab Emirates by forming an LLC?

One of the central locations for establishing companies worldwide is Dubai, due to the city's various facilities in the field of finance, commerce, and the ease of doing business. Dubai is known for providing the best ecosystems to start or open a branch/franchise. The absence of personal taxes in Dubai makes it extremely popular for setting up business in Dubai, both for expansive companies and startups. Additionally, an LLC or limited liability company can conduct all activities in the region as a general rule, making it extremely popular with startups or potential franchise holders. Through this step-by-step guide, you will be able to prepare to set up your business setup in Dubai by forming an LLC in Dubai, provided that you are ready with all the required documents.

But before starting your legal paperwork, you should consider some elements required in the process or hire a company that provides business setup services in Dubai:

1. Type of activity

Your type of business will determine the type of license you need. Whether they are a business, professional or industrial license, these will define the basis of your operations. However, when selecting, remember that certain activities such as food, jewelry, veterinary, and legal consulting require further approvals from other government departments.

The Dubai Department of Economic Development (DED) has a list of over 2,100 activities that you can choose from. If you can't find your specific one there, you can contact DED. Each free zone has its regulations and approval procedures.

2. Property

As a foreign citizen, if you want to own 100% of your business, you must opt for a license and a location in one of the many free zones in the UAE. Each free zone caters to specific types of activities, and clarity in the first step will help you find your best option. There are over 45 free zones in the UAE, each with its own set of operations so that you won't be short of options.

You must get a license from the Department of Economic Development if you require a local licence or need to operate locally (DED). The DED licence imposes some limits on foreign ownership, dependent on DED's various legal frameworks. 

3. Legal structure

There are rules about the composition of your Business Set up in Dubai that vary depending on your area and type of business. For example, if you want to start a legal consulting firm, you can use either as a subsidiary or as a separate entity. However, this activity is not permitted to be carried out by a lone proprietor. Each free zone has its own set of rules regarding company form, which you may see on the zone's official website.

4. Trade name

Your business name is an essential part of the legal procedure. Ideally, the business name should indicate the nature of the business unless it is a branch of another company. All rules regarding trade names can be found on the official DED website.

5. Share capital

The minimum share capital is generally set out in the Memorandum of Association of your proposed company. In most circumstances, a minimum capital payment is not required at the time of formation.

6. Fee Waiver for New Electrical Connections for Dubai Businesses

Once you've completed your legal procedures and documents, it's a good idea to create a shortlist of offices, complete with charges and other information. Once you've completed your legal formalities, you'll have a clear path to follow. In the free zones, you will receive assistance in finding a location suitable for your needs, along with help in setting up electricity, Internet, water, and other services.

7. Employees

Most legal forms of DED require you to hire a manager to oversee operations and have him ready to go before your registration is approved. However, in some cases, you may not be permitted to hire at all. Again, you can check with business setup consultants in Dubai.

8. Local assistance

For DED licenses, it is required to have a local agent, partner, or sponsor, which is a massive help for foreigners. Having a local contact in a free zone can help the business move forward effectively. However, this is not required, and Dubai, as a business destination, has a simple setup for all businessmen, regardless of nationality.

Nour Attorney role:

Nour Attorneys is one of the pioneer companies in the UAE, offering high-quality business installation services in the UAE. From review to support, a team of highly trained and experienced professionals assists in all areas of business establishment. At Nour Attorneys, we offer 24x7 support to our clients in all their afflictions and problems. Through our vast experience in our domain, we offer support and guidance at every step, helping us develop a long list of satisfied customers from around the world. As a result, we can help you with a successful set up business in Dubai.