Starting a business in Dubai requires several steps. You must have the right Documentation and Licenses. Also, you need to know the costs involved in setting up a business in Dubai. However, if you are looking for a free zone in Dubai, you can choose several options. This article will give you an overview of the setup Dubai business. Also, you will find out about the benefits of free zones in Dubai.
Documentation required to start a business in Dubai
A successful business requires physical existence to operate. You must file all relevant documents with the Department of Economic Development (DED), including your tenancy agreement, the Real Estate Regulation Authority (RERA) documents, and EJARI. Once all the documents have been filed, DED grants initial approval, which grants you the accreditation to open a business or acquire a trade license. This accreditation is required for certain business activities, such as the operation of an online store or an online retail store.
The UAE offers various business licenses, each catering to specific investor needs. As the country aims to boost its economy by attracting more foreign investors, it continually introduces entrepreneur-friendly policies. A business license in the UAE will determine the legal form of a company and the type of economic activity that the company will engage in.
Cost of setting up a business in Dubai
There are several steps that you need to take before you can start your business in Dubai. The initial approval certificate will cost around AED 150, and the process will take about six months. There are additional fees for a trade license and foreign trading names, usually about AED 620. Although the UAE is an attractive place for investment, the costs of setting up a business in Dubai can be very high, especially for new companies.
Free zones in Dubai
One of the main questions for any new company in the region is whether or not a free zone is suitable for their proposed operation. As free zones tend to have many different activities, plenty of options are available. One thing to consider when selecting a free zone is access to major highways and ports, which are essential to international trade and travel. Another thing to consider is the naming of your business. Whatever your business name is, it won’t be easy to distinguish it from another.