HOW TO START A BUSINESS IN DUBAI One of the high economic transfer country in GCC is Dubai.Dubai had high potential scope to place a new phase of business. In standard of people potential is high and nearly 156 Nationals are staying in Dubai
To plan a new business in Dubai is main factor most of expats are selecting to raise their economy.
To start a new business major Steps license and registration is complex and requires a sustainable amount of capital.
Before starting your business these factors are mainly important.
1.SELECT THE BEST LOCAL PARTNER
There are many Free zones from the outside of the UAE So to safe and smooth of your business local partner is beneficial.He need to manage as local service agent.
2.LLC LIMITED LIABILITY COMPANIES
Here in this a local sponsor controlling equality is 51% and the foreign equality limited to 49%.In Dubai minimum capital should be shown 85,000$ is required is launch the LLC
SIMPLE STEPS HOW TO START A BUSINESS IN DUBAI
Select the company NAME which you are going to start that related to type of business and have it approved by Licencing department of the Economic development department
Draw up a MEMORANDUM OF ASSOCIATION.This document governs at external affairs.
Apply commercial register at ECONOMIC DEVELOPMENT DEPARTMENT
The last step is to register the company at DUBAI CHAMBER OF COMMERCE
hOW TO sTART a Business TO PROFESSIONAL FIRMS
Dubai government setup a free zones specifically to encrouge investment from the investors
In freezones based companies has distinct incentives with 100% foreign ownership with exception of Import customs duties,No corporate taxation
LIST OF FREE ZONE IN DUBAI
TOP 10 FREE ZONES IN DUBAI
- DUBAI AIRPORT FREE ZONE
- DUBAI CARS AND AUTO ZONE
- DUBAI HEALTHCARE CITY
- DUBAI INTERNATIONAL ACADEMIC CITY
- DUBAI KNOWLEDGE VILLAGE
- DUBAI MEDIA CITY
- DUBAI GOLD AND DIAMOND PARK
- DUBAI SILICON OASIS
- DUBAI WORLD CENTRAL BUSINESS PARK
- JEBEL ALI FREE ZONE
These are the top list of free zones in Dubai
LIST OF BENEFITS FOR FREE ZONE COMPANY
100% Ownership no sponsor required
Tax exemption
Fair renewal fees
Allowed to open bank account in Dubai
Owening properties is allowed(25yrs lease option, warehouse facilities)
For more information on Free zones and contact details
