How to Start a Business in Dubai – Laws to Know in 2022

 

Starting a business in Dubai can be a daunting task, as some many laws and regulations must be followed. Understanding the most recent alterations to Dubai's business environment is crucial for making the process go as smoothly as possible. In 2022, there are several new laws that business owners should be mindful of before set up business in Dubai.

 

1. The introduction of the Unified Commercial Licence

This new licence will combine all of the current licences required to run a business in Dubai into one. This will make it easier for business owners to comply with the laws and regulations, as they only need to apply for one licence instead of several.

 

2. The introduction of the One Town, One License policy

This policy will require business owners to obtain a licence for each municipality they operate. This will make it easier for the authorities to monitor and enforce the rules and regulations.

 

3. The introduction of the Electronic Commerce Law

This law will regulate commerce through electronic means, such as the internet. It will establish rules and regulations for businesses that operate in this manner and help protect consumers.

 

4. The introduction of the Commercial Companies Law

This law will replace the old Commercial Companies Law, which has been in place since 1984. The new law will be more up to date and include provisions for companies that operate electronically.

 

Are you looking to launch a company in Dubai? You should be aware of a few things regarding UAE laws and rules. For starters, businesses in Dubai must be registered with the Department of Economic Development. In addition, you will need to obtain a trade license, which is typically valid for one year.

 

There are also certain restrictions on who can set up business in Dubai. For example, foreigners can only own up to 49% of a company in certain industries.

 

It's also crucial to remember that Dubai companies must have a local sponsor. Usually, this is a UAE national or a locally registered business. Finally, before launching your business, you must secure all necessary government permits and approvals.

 

While there are some challenges to setting up a business in Dubai, the city offers many opportunities for businesses to thrive. With its strategic location, world-class infrastructure, and business-friendly environment, Dubai is a great place to launch a new business. Get the top class business setup services in Dubai today.

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