If you are planning to start a business in Dubai then several questions need your attention such as where to start a business, how to start, procedure and charges, etc. Dubai, UAE is one of the most profitable destinations for new-age businessmen and budding entrepreneurs and offers them lots of opportunities. Indian investors constitute a large population in Dubai and the government has also introduced several business-friendly reforms which is an encouraging factor to establish a business over there. If you are also planning to start a business over there and looking forward to the registration process, then here are a few valuable tips for you.
Select your business and choose the zone: – To start a business first thing is to finalize the business activity and for this, need to take several actions like approvals, certificates from the relevant authorities, choose the zone like Free zone or Mainland, etc. The structure of the company depends on the selected business activity.
Register the name of your company: – To start a business in UAE another important step is registering a trading name that indicates the nature of your venture. To do this, all the formalities and reservation regulations must be followed.
Registration of company: -to establish a company it is mandatory to register it with the Department of Economic Development. The company’s Memorandum of Association must be notarized by the Department of Economic Development. One needs to submit all the important documents to the department for smooth functioning.
Apply for a trade license: – A trade license allows a person to commence a business in a particular trade. The mainland business must apply to the DED for a license and the free zone businesses need to apply to the separate authorities.
Open a bank account: – After completing all the documentation formalities next step is to open a bank account for your company. Choose a bank that best meets your company’s needs and offers significant benefits and concessions that saves valuable money.
Membership Registration: – Before starting a commercial or industrial business membership at the Dubai chamber of commerce and Industry (DCCI) is needed. This membership is valid only for one year and protects business community in various forms. The Free zone companies may or may not choose to register with DCCI.
Undoubtedly planning or establishing a business in Dubai is a wise decision and if you need any help to find the perfect location, associated paperwork with it or business consultations then ESQ TECH FZ LLC is here to provide you with all the necessary help.
Book a free consultation by filling the form here, or you can directly call at +971-569540800. For email assistance, please mail your query at firstname.lastname@example.org