If you’re armed with the right knowledge, setting up a business in Dubai doesn’t have to be overly complex or expensive.
That being said, it does require a level of prior knowledge of the process. What’s more, it is important to note that the application process is only straightforward if your license application is complete at the time of submission and free from errors.
To help you to ensure that this is the case, it’s a good idea to work with a company formation specialist such as Business Incorporation Zone (BIZ) when establishing a new company in the UAE.If you want to open your business in Dubai, the following step-by-step guide will definitely help you out.
The four main steps are:
- Selecting your business activities
- Choosing your company name
- Making your license application
- Making your visa applications
Selecting your business activities
With more than 1,000+ activities to choose from, picking the right ones based on the services you want to provide is very important. If not you could end up getting a fine for providing services currently not covered in your business license.
Choosing your company name
You should avoid any offensive or blasphemous language. Avoid names of well-known organisations and avoid abbreviations if naming your company after yourself.
Making your license application
While this step may sounds easy, filling out your application is actually one of the most confusing steps and that is why you should work with a Dubai company formation specialist. Whether applying to form a company in the mainland or in a free zone, you are usually only required to provide a few details and some basic documentation, including:
- Completed application form
- Passport copy of the proposed owner or owners
- Two colour passport size photos.
Making your visa applications
- As the holder of a UAE business license, you can also sponsor others for their visas too. This could be a spouse, parent or child, or a domestic worker such as a housekeeper.T he maximum number of visas you can apply for will depend on the size of your company, your chosen setup and, for dependant visas, your personal earnings.