How to Start a Company Fast in Dubai
If you want to start a small business in Dubai, you came to the right place. Dubai has one of the friendliest economies in the world when it comes to businesses and investments. For this reason, you might want to start a company in Dubai. However, if you are a foreign investor or an expat, you might not have enough knowledge to set up your company.
In this post, you will learn how to start a company as fast as possible in Dubai.
Determine the type of your business
When you start a company in Dubai, you need a licence. The type of licence would depend on the nature of your business.
You can check with the Department of Economic Development (DED) which category or activity your business will fall into. By doing so, you can know whether you will be using a commercial, industrial, or professional licence.
Identify the location of your business
Generally speaking, there are two types of places where you can start your business. You can either establish it on a free zone or in the UAE mainland.
There are different advantages and disadvantages to each option. For example, with a free zone, you can own your company 100%. This is not the case with having a business in the UAE mainland. You would need a local sponsor who would own at least 51% of your shares.
The exact procedure that you should take would also depend on whether you will be using free zone or UAE mainland. For this reason, it is highly recommended that you read further about the pros and cons of each option.
Get in touch with the Department of Economic Development
Since there are different procedures that apply for each different types of businesses, it would be difficult to cover them all here on this post. Thus, the best way for you to ensure you have all the necessary documents and you have covered all bases is to check with the DED. They should be able as well to give you a concrete list of things you need to accomplish before you setup your business in Dubai.
Getting the right help
On average, it only takes about a week to start your business in Dubai as long as you have all the legal requirements ready. The trickiest part is having all the needed documents especially if you are unfamiliar with the legal procedures of setting up a company.
Nobody said that you have to do it all alone. You can always get the help of Austria Business Center. Though our main service is providing top-notched and impressive offices, we also guide business owners every step of the way. We can also represent your company to ensure you don’t waste time, energy, and money. Start your business in Dubai today by getting in touch with us!