How to start business in Dubai
Determine the type of business you wish to establish. Dubai's Department of Economic Development (DED) has a comprehensive list of permitted activities. Your choice will influence the type of license you need.
2. Select a Jurisdiction
Dubai offers three main jurisdictions: Mainland, Free Zone, and Offshore. Mainland companies can operate anywhere in the UAE, while Free Zone companies benefit from 100% foreign ownership but are limited to operating within their zone or internationally. Offshore companies are for international trading and cannot conduct business within the UAE.
3. Decide on a Legal Structure
Choose a legal structure that suits your business model. Options include Sole Proprietorship, Limited Liability Company (LLC), and Branch of a Foreign Company, among others.
4. Register Your Business Name
Choose a unique trade name that complies with Dubai’s naming conventions. The name must reflect your business activity and cannot include offensive language or religious references.
5. Apply for a Business License
Submit your application to the DED or relevant Free Zone authority. You'll need to provide documents such as your business plan, passport copies, and proof of initial capital.
6. Set Up Your Office
Secure a physical office space, which is mandatory for most businesses. Free Zones often provide office packages as part of their setup services.
7. Open a Corporate Bank Account
Once your business is registered, open a corporate bank account with a reputable bank in Dubai to handle your financial transactions.
8. Visa and Workforce
Apply for visas for yourself and your employees. Ensure you comply with the UAE labor laws regarding employment contracts and benefits.
Starting a business in Dubai involves a clear understanding of legal requirements and careful planning, but the process is streamlined to encourage entrepreneurship in the region.
