4 Key Steps For Setting Up A Business

Setting up a business in Dubai can be a relatively straightforward process, but there are a few key steps that you need to follow to ensure that your business is set up correctly. 

Whether you’re planning to start business in Dubai or looking for opportunities to establish a branch for your global business, here are the four key steps for starting a business in Dubai.

1. Choose a business activity

The first step to a new business setup in Dubai is choosing the right business activity for your company. You will need to choose a business activity that is permitted in Dubai and that falls within the scope of your visa. You can find a list of permitted business activities on the Dubai Chamber of Commerce and Industry website.

2. Choose a business structure

Once you have chosen a business activity, you need to choose a business structure. There are three main business structures in Dubai: sole proprietorship, limited liability company (LLC), and free zone company. The type of business structure that you choose will depend on several factors, including the size of your business, the number of shareholders, and the level of liability that you are willing to assume.

3. Obtain the necessary approvals

Once you have chosen a business structure, you need to obtain the necessary approvals from the Dubai government. These approvals may include a trade license, a visa, and a permit to set up company in Dubai or operate in a specific location. The specific approvals that you need will depend on your business activity and the location of your business.

4. Register your business

Once you have obtained the necessary approvals, you need to register your business with the Dubai government. You can register your business online or at the Dubai Chamber of Commerce and Industry.

To avoid errors that can blow up your business setup in Dubai cost and delays in processing the requirements for acquiring permits and approvals it is recommended that you:

• Hire a qualified lawyer or accountant to help you with the process.
• Do your research and understand the local laws and regulations.
• Be prepared to invest time and money in setting up your business.
• Be patient and persistent. It can take some time to get your business up and running.

If you need assistance with the legal process to start a business in Dubai or need a workspace for your team, our experts at Austria Business Center can help with your requirements. 

We offer a range of business solutions and offices for rent to cater to your business needs.