Many entrepreneurs around the world come to Dubai for business purposes. The number of foreign investors is increasing daily for the business-friendly environment. There are several reasons why the Govt. of UAE allows foreign investors to start a business in Dubai.
The 0% tax rate, a prime global location and hassle-free procedures encourage investors to start a business in Dubai. The introduction of long-term visas also helps to set Dubai as a great business location. MSZ, which provides quality business services setup in Dubai, agreed that the city is the best place to begin the business.
Dubai strongly welcomes entrepreneurs worldwide. Almost 80% of the local population is conducting their own business. A foreigner can start his business in Dubai with ease. A foreigner gets complete assistance to receive the visa, the trading license and other cooperative procedures from the Government.
What you need to do
As a foreign entrepreneur in the UAE, your first task is to familiarise yourself with local business customs, practices, and authorities. When you plan to start a business in the UAE, you should remember several things. Like
- It would help if you did not violate public morals.
- Strongly follow the legal form of the company
- You should not have registered yourself before.
- Must be compatible with the circumstances.
- Do not contain any name of any religions.
If you plan to include your name in the company name, but the full name.
Types of business licenses
The widely used business licenses in Dubai are commercial, industrial, and professional. When you are undertaking a commercial company, you need a commercial license. You can submit your application when you determine the type of license you require. If you applied for a free zone application, give the company setup agent some basic details. They will arrange it for you. The MSZ, which provides business setup services in Dubai, suggests you grab licenses of your requirements.
Document required
Certain documents are required if you want to start a business in Dubai. Such as:
- A complete application form.
- Copy of valid trade license and the registration certificate.
- Passport photo of manager, director and shareholder
- Two years of audit certificates.
- No objection certificate from the current sponsor.
Conclusion
Dubai is like a business hub to some entrepreneurs. They get the best facilities to start their business. The MSZ, a business setup consultant in Dubai, assures you that businesses in Dubai have a bright future. So make your planning now.
