Business Setup Dubai | 6 Steps To Start A UAE Business

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#BusinessSetupDubai: New business opportunities are readily available for local and foreign investors, ranging from import and export trade to service-oriented profit-based ventures.

Taking advantage of this opportunity for success and profit requires businessmen and women to know the facts behind business setup Dubai to easily jump start their own venture from scratch.

1. Working with a business registration agent

The easiest way to start a business in Dubai is to hire a United Arab Emirates [UAE] business registration firm to take charge of the set up.

2. Understanding restrictions

If you’re new to business set ups in Dubai then the first step to starting one is to understand the restrictions.

3. Types of business licenses

Local businesses in Dubai can be an LLC, which requires a UAE national as a ‘Sponsor’ with a 51% shareholding on paper.

Alternatively, it could be a professional license company where you can be a 100% owner with the UAE national as a ‘Service Agent’.

4. Finding a Sponsor

For foreign investors planning to set up a business in Dubai, a sponsor is a UAE national who will own 51% of your business on paper.

You can negotiate with them an annual fee regardless of how your business is doing.

5. Itemizing cost

Even if the city’s law promises you less cost from tax, it is still best to properly itemize the cost so you won’t have to worry about going red with your budget during business setup. Get your agent to do so.

6. Research and planning

Aside from the above details involved in a business setup Dubai, it is best if you look into the local market for new business opportunities Dubai you can invest in.

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