Nour Attorneys - Set Up Business In Dubai

License Procedure While Setting Up A Business in Dubai


If you're looking to start a business abroad, you don't have to look for anything more than Dubai. As a well-known commercial center in the Middle East and the North Africa (MENA) region, Dubai offers a wealth of benefits to businesses looking to thrive, prosper and connect with the rest of the world.

 

What you need to know before setting?

In general, there are some things you need to understand before starting a Set Up Business In Dubai. Let's take a look at each.

 

Economic Zone: Free Zone and Offshore

Before setting it up, you must decide whether to operate in the free zone or offshore. Depending on your needs, both options have their advantages and specifications.

 

Free Zone

If you want 100% business ownership, consider applying for a license and location in one of Dubai's Free Zones. The Dubai government introduced the concept of free zones to attract foreign interest in setting up businesses in the city. It is a special economic space where business owners can enjoy the property and 0% tax incentives.

 

Offshore

Offshore companies can also enroll in the free zone and enjoy many of the same benefits. However, it is not a substitute for a free zone company. The main difference between free zone and offshore companies is the type of business. Offshore companies are allowed to do business outside the UAE, not within the UAE. There is also no pre-establishment minimum capital requirement.

 

License Type

To setup business in Dubai that involves trading activities or buying and selling goods, you must obtain a trade license. This license may cover companies involved in import / export, distribution, logistics, travel and tourism, general stores, and real estate.

 

Industrial license

This license kind is issued to agencies engaged in production sports that remodel herbal substances and assets into very last products – manually or mechanically. This license covers agencies including textiles, steel, and paper production.

 

Professional licence

The expert license is issued to agencies which can be provider providers, artisans or craftsmen. Examples of agencies that practice this kind of license consist of scientific services, splendor salons and restore services.

 

Sponsorship

No neighborhood sponsor is needed while putting in place in a unfastened sector. One of the principle blessings of incorporating in a unfastened sector is that you can install an entity with 100% overseas possession without wanting a UAE countrywide as a companion or sponsor.

 

For this kind of work you can call a team of professional corporate lawyers in Dubai or hire expert legal consultants in Dubai for your work.

 

Here are the 7 steps you`ll want to take to installation your enterprise within side the unfastened sector:

1. Find your enterprise interest

2. Decide on a unfastened sector

3. Choose a organisation call

4. Apply for preliminary approval

5. Open a company financial institution account

6. Set up your workplace place

7. Apply for very last approval

 

Ready to installation your enterprise in Dubai?

Get in touch with us at Nour Attorneys to assist installation your enterprise within side the world`s #1 Free Trade Zone and centre of worldwide commodities trading. We`ll help you each step of the manner from drafting documents, dealing with submissions, assisting with translations to putting in place financial institution accounts, in search of approval and offering popular advice & consultancy. So reach out to us nowadays to look how we can assist you!

 

Nour Attorneys can help you out with all your business related issues. We are the most famous Business Setup Consultants in Dubai. We've helped thousands of businesses to firmly setup their brand in Dubai. Get expert business setup services in Dubai today!

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