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What You Should Do Before Opening a Business in Dubai

Starting a business is no easy task. There’s a lot of paperwork involved and you also have to consider the initial capital you need to get the company rolling. However, there are some places that make business setup fast, easy, and convenient. One of those places is Dubai.

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Business setup in Dubai offers processes that are very efficient and transparent and most services relating to company incorporation can already be done online making the entire procedure even more convenient. Interested investors or entrepreneurs can also hire the professional services of company formation experts to assist them in the application and make sure that all their documents and fees are prepared and complete.

Aside from hiring business setup consultants, you can also do some things on your side before going through the application. These will better help you understand how to go about setting up your company in Dubai and give you an idea what obstacles may await you ahead.

 

Read About Dubai Businesses and Company Formation

Before heading off to Dubai and contacting a reliable business setup agency, you can already start gathering your own information about the subject by reading and researching what documents and what procedures are involved in the company incorporation process. Sometimes, overly excited entrepreneurs forget to read about the background of the place or business environment in the area they want to establish their business in and just focus on how to operate their business once it’s open.

However, knowing how business is conducted in your chosen area and what are the rules, permits, or licenses required to start your company will make your entire application and business operation run even more smoothly. Even if you can hire a consultant, doing your own research before going to Dubai can help you a lot in the long run.

 

Gather Information About Licenses and Decide What’s Suitable for Your Company

There are different types of licenses you can apply for in Dubai in order to start operating you business. The type of license will depend on the nature of your business. At the moment there are three licenses namely:

Commercial license

Industrial License

Professional License

 

Commercial is for businesses that would like to do export or import operations, while industrial is for those who would like to engage in manufacturing. Professional licenses are for individuals who would like to offer their professional services in the field of consulting, research, and other specialties.

 

Think About the Right Location for You In Dubai

Dubai offers many free zones where you can start your company. Free zones have special commerce laws and trade regulations that make it easy for investors to conduct their operations in Dubai. The companies that set up in these free zones also get all the financial benefits and tax exemptions that other companies in Dubai receive plus it is also relatively easy to set up your office in a free zone compared to anywhere else in Dubai.

 

If you are ready to start your move to Dubai, don’t forget to contact your company formation experts today.




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