More than three million visitors visit Dubai each year, all hoping to succeed in business. With such a large influx of ex-pats, it’s easy to become drowned in your business application, especially if you’re competing against more giant corporations and conglomerates. The best business setup in Dubai can be complex, but it can be gratifying if done correctly. Unfortunately, when business owners skip a few steps in the startup process, they are more likely to fail. Your business, on the other hand, can thrive in Dubai.
If you’re still unsure how to set things up properly, read this article for some helpful and practical advice on setting up your small business.
Find A Sponsor- It is the first and most important thing you must do before moving on to the next step. Before you consider renting a space, obtaining permits, hiring employees, or marketing your business, you must first secure a sponsor. Most banks on the mainland of Dubai do not require collateral and even offer flexible payment plans with minimal documentation.
- Prepare Necessary Documents: For your business to operate legally, you must submit necessary documents to the government, just as you would in any other country. The following are the primary documents that require
- Business plan.
- Filled Government Forms
- Memorandum of Association
- Trade name reservation Certificate
- Initial Approval Certificate
- Copies of Passports of Partners
- Copies of Visa
- Emirate ID
Legal Formalities- Depending on the nature of your business, you may need formal permits. But, again, your type of business will determine the legal requirements, so plan before obtaining the necessary licenses.
Choosing a Location- It’s all about location! It’s all about where you are. Your company’s or store’s address says a lot about your brand. Dubai is designed as a business hub with specific areas for specific businesses. Consider the amount of foot traffic and public transportation when choosing a business location. The more people who pass by your office, the more likely your company will succeed.
Marketing your Business- You should never ignore marketing as a strategy. Even if you have the best employees, the most advanced equipment, or the most marketable product, your company could quickly go bankrupt if you don’t have the right marketing tools. Therefore, the Best business setup in UAE requires as much marketing as possible.
Legal Maxims Consultants is ready to help you start a reputable business. Because your business is our top priority, we will get things done for you. We are the best business setup consultants in Dubai. We have more than 30 years of experience in creating and establishing businesses for our local and international investors.