How To Start Business in Dubai
Hello everyone as we know Dubai is also counted as a well developed country and has many opportunities not only for jobs but also for starting your own BUSSINESS..
As we know for business only money is not the requirement but also experience of business and true guidance towards BUSSINESS..
Here in this article I will guide u through all the basic guide for How To Start Business in Dubai.
Doesn’t matter how small you start, it’s about what you can offer.. And today we’re gonna talk about how to set up a How To Start Business in Dubai what the requirements are, how much it costs…..
I’m advising people on how to set up a business in the UAE and make it in a cost-effective and time-effective manner.
What are the five reasons why people should start a business in Dubai.
I can highlight the five most distinguished reasons why you should open a business in the UAE.
First I think it is the low tax regime which allows you to generate your profits at the maximum level. There is the only tax which has been introduced a year back which is VAT and the rest are not available such as the corporate tax and other income taxes….
the second reason I can say the market itself, it’s quite saturated in terms of high-net-worth people whatever business you do generally it has great potential because you can have your own audience and it is very much available…
The third reason is that the infrastructure to do your business is very well-developed..
You have that ease of doing your business. It’s systemized, you have set standards which are easy to follow.
Another reason is that the UAE has a large exposure on the market…
In particular, we are talking about the GCC. A lot of business entrepreneurs enter the local market in order
to further expand their operations in the region.
And last but not least reason is profit repatriation There is no financial control on repatriating your own profit and funds back to your country or wherever else you want it to be.
And I heard about this new 10-year residence visa for investors…
Can you tell us about it?
How To Start Business in Dubai , That’s correct. It’s been introduced.
There are two visas that were recently introduced: ten years and five years
There are certain conditions and criteria that you need to meet Mostly those would be related to your investment 10 million dirhams for your 10-year visa and 5 million dirhams for your 5-years visa…
And how much money do you need to have to start a small business in Dubai
Let’s say I want to start an e-commerce business or open a marketing agency
Well, this depends on the type of the companies…
I would say that the cheapest option the most budget one would be around US$4,000 Those would be companies in offshore jurisdictions….
Then there is a choice of a Free zone company or the LLC which is the mainland company there you have to budget around US$11,000 and US$20,000..
Do you need to have a local partner?
How To Start Business in Dubai , This would depend on the type of business that you want to do in all the cases when your business is located in the mainland it would require a local partner where the share distribution within the company would belong to the local partner or51% and 49% will be held by foreign investors…
And how long does it take to obtain the license The timeframe for licensing is quite short…
If all the required documentation is in order then the licensing takes about three to four working days Probably another question on how soon you get your business operated so this is a little bit more complex and I would say that the shortest time you can have your business set and running is about four weeks…How To Start Business in Dubai . More Detail
What are the benefits of having an agency to help you to set up the company?
How To Start Business in Dubai ,Well, it’s very important to seek professional advice. I personally know a lot of cases when people try to do their own business setup without the proper knowledge and then they committed several mistakes which took some consequences So a local agent to do your business setup is very important since they have in-depth knowledge..