5 tips to Startup Business in Dubai

♠ Posted by Unknown in 5 tips to Startup Business in Dubai at 08:28

1. Select a local sponsor for local business startup – Need of a UAE National

You need to get acquainted with the various facts associated with business startup Dubai and avoid the problems mostly encountered while launching a profitable enterprise in the UAE. 

There are plenty of business opportunities available in Dubai, as well as in the entirety of UAE. However, if you really want to start a business which must exploit the potential of Dubai then you need a locally registered LLC business.

A UAE national must be taken as a 51% partner who is called a local sponsor. A local company provides the freedom to locate the business anywhere in the city. For a business startup Dubai this is a boon because it affords the best choice of locations to suit your budget.

A sponsor must be paid a yearly fee which can be negotiated. Do develop a rapport with your sponsor so that he is ready to help you in sorting out any problems you may face along the way with authorities.

2. Select a Free Zone if you wish to own your business 100%

Keep in mind that the only way for a business startup Dubai in UAE to start without taking a local UAE national acting as your partner is to locate your business startup Dubai in one of the Free Zones – which is practically not suited to businesses that must be in the city markets like restaurants and retail stores.

Not to mention the fact that purchase or rental in a Free Trade Zone district might be high for your budget to handle.

For a business startup Dubai Free Zone offers three great advantages – 100% ownership, Speedy start up, Duty Free customs boundary.

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3. Select a Location that optimizes suitability, convenience and costs

Another important step in planning a business startup Dubai is to determine the most suitable location for the business. Setting up a profit-based enterprise in the city wouldn’t do you much good despite the growing economy if you’re customers or clients can’t reach you.

You need to set up your business in an area that is most profitable for your business or most convenient to your business. A location in the city can be selected for a shop or an office most known for the type of product or service you are dealing with.

If you are planning a Free Zone company then you must be make the selection based upon the criteria of distance, costs and if it is suitable for your product, business model and trade requirements.

A tenancy contract must be concluded. If you’re aiming to start a small-scale enterprise, then the basic amenities, like telecommunication, storage, and space inside the establishment is the basic concern that must also be satisfied. Other services available in the commercial property can vary greatly.

4. Confirm your Visa eligibility and requirement

For a business startup in the UAE a visa permitting you and employees to live in UAE is essential to run the business in Dubai.

5. Hire a business consultant to take you through the process of Business startup.

Hiring a business advisory firm to register your business startup Dubai may be an optional road for you to take; however, as a foreign investor you are strongly advised to engage the services of local business set up advisories like Varal LLC.