Are you looking forward to setting up business in Dubai? Searching for ways to register company in Dubai? Well, this place is the commercial capital hub of the Gulf Region. At the same time, the economy of this place is quite favorable for investing. Being a business-friendly place, this city of the UAE is much sought after by investors who are looking for small-scale/medium profitable business investments.

Is it worth investing in Dubai Mainland?

The UAE nation has seven states that fall in the category of emirates. This includes Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Ras al Khaimah, and Umm al Qaiwain. Establishing a business overseas can be extremely rewarding yet quite challenging, especially for first-time investors.

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But through the right knowledge, guidance, and support from experts, there is a possibility of realizing ideas as well as dreams in tangible reality. Today a greater number of business owners are recognizing the immense growth opportunities that are posed by setting up business in foreign lands.

How to move ahead for registering company in Dubai?

So, if you want to set up a company in Dubai, then this is definitely going to give a boost to your business expansion plans. The Gulf is undeniably the most appropriate destination which comprises so many factors like greater access to raw materials, and cheap and skilled laborers.

Apart from this, there are also many other factors which make it the perfect location for example; world-class infrastructure, exemption from the duty along with access to several of the top tier amenities. So, are you wondering what is the way to register company in Dubai? Well, setting up the business in this global destination is simple and straightforward with the help of legal consultants.

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What are the leverages company registration Dubai provides?

  • Full ownership rights of the foreign investors’ despite of their nationality.
  • Cent percent exemption from taxes, both on corporate as well as income of individuals.
  • Exemption from import as well as export duty.
  • Convenient procedure of setting up business in Dubai.
  • Increased level of flexibility in terms of purchase/rent of property.
  • Convenient Procedure for opening bank account.
  • Conducting multiple the business activities.
  • Convenient provisions for company liquidation.

What paperwork needs to be done to register an offshore company in Dubai?

  • Information about shareholders
  • Application form
  • Board resolution documentation
  • MAO (Memorandum of Association)
  • AOA (Articles of Association)
  • Shareholders’ identity proof

How to develop successful plan for business setup in Dubai?

Creating a Successful Plan

It is crucial to have the most successful plan in place for businesses that would like to embark on the journey of business establishment offshore. Make sure to craft a well-structured plan. This is possible through the anticipation of all the risks, opportunities, and potential obstacles as well as assessment of the feasibility of your unique business idea. So, you should be in a position to take a step back, examining your unique ideas, and concepts, and targeting the market through robust business strategy as well as tactics.

Thorough Market Research

This is the first and crucial step when you look forward to register company in Dubai. Evaluate all the potential success points as well as the risks of your business idea. Connect information about your target audience as well as the competitors existing in the market. Utilize this information to identify the risks and benefits of your business idea.

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Secure Funding

The application needs to collect funds for starting their business entity overseas. The funding can be accessed through their personal savings or any other type of external source.

Select Business Location

The business location of the company is a major determinant of taxation, legal compliance as well and revenue. So consider choosing the right business location. Make sure to look for the options of the FTZ’s provisions for business establishment in Dubai mainland.

Target Audience

Find out your target consumers based on the parameters for example age, gender, income level as well and work profile. This information about your target audience will assist in refining the offerings as well as devising marketing strategies for reaching the right prospects.

Devise Mission Statement

The business owner needs to define a clear mission statement about the purpose of your business, its strengths, and differences as well as guide all the decisions and assist you in the expansion of your business in the overseas market. So, make sure to define your mission statement clearly while you are planning to register company in Dubai.

Dubai Business Setup Procedure

The business setup in Dubai is quite a straightforward process. The authorities of the Gulf will need needing least paperwork as well as time for processing. Some of the most eminent of steps to register company in Dubai include:

Choice of the legal structure

Make sure to carry out selection of the legal entity type that best matches your unique need for the company formation in the Dubai region. Some of the options for the business entity you would like to choose include LLC (Limited Liability Company), Sole proprietorship, or setting up a branch office in the mainland.

Trade Name

Make sure to find the unique & most appropriate trade name for your business setup. The trade name must comply with the trade name regulations of the city you would like to set up your business.

Seek approvals & licensing

This is relying upon the type of the business you would like to set up. So, might be required to seek approvals as well as licensing from the concerned Governmental authorities for ensuring the smooth procedure of registering company in Dubai.

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Registration with DET (Department of Economy & Tourism, Dubai)

Make sure to carry submission of all the documentation for business formation in Dubai city to the DET authorities. Also, you are required to submit a fee for registration as well as obtaining trade licensing free.

Dubai Municipality Registration

Make sure to register the business with the DM (Dubai Municipality authorities) for a meeting on health as well as safety compliance.

Open bank account

Opening your corporate bank account in mainland Dubai is needed for the management of your business finances.

Filing Visa Application

In case of being a foreign national, you are also required to file for the visa application for registering company in Dubai. Make sure to meet all specified procedures based on the nature of your business as well as the location. You may also seek the assistance of a legal consultant to register company in Dubai to ensure a smooth & streamlined business setup in the mainland.