Planning to start a business as an expat in Dubai? Here’s a step-by-step guide that’ll help you kickstart your venture in this fantastic city.
Planning to start a business as an expat in Dubai? Well, you’re in for a treat because the buzzing city provides a favourable environment for new startups and businesses to thrive. Dubai is growing at a tremendous pace and is considered the global hub for investment, technology, infrastructure and more.
But can you set up your organization if you're an expat in Dubai? Well, the short answer is yes, you can. However, there are various complexities involved when starting a business as an expat in Dubai. This step-by-step guide aims to provide you with all the information you need to kickstart your venture.
The first thing you’d need to do is to decide on a business type. Now, it might be worth hiring the services of a business set-up consultant in Dubai who can help you understand the intricacies of setting up an organization. Your business activity will determine the type and structure of your entity.
You can go for a sole proprietorship, which enables you to become the business's sole owner. On the other hand, you can consider forming a limited liability company (LLC) or FZCO Free Zone Company.
Once you’ve decided on the structure, you need to decide on a trade name, which is a condition before registration. The name must reflect your business activity and shouldn’t violate public sentiments. In addition, you also need appropriate licenses to operate your business in Dubai. The trade license can be obtained directly from the free zone authority, i.e. IFZA or the DED.
The next step is registering your entity with the respective jurisdictions and kickstarting your operations. The registration process includes gathering and submitting all relevant documentation, including identity proofs, trade licenses, permissions, bank accounts, etc. This step is probably one of the hardest in starting a business as an expat in Dubai.
If you haven’t set up a company before, there’s a chance that you may misplace the documents or provide the wrong information unknowingly. In addition, any discrepancies in your registration process can delay the entire procedure, and you may have to go through the process again.
Therefore, it's important to hire a local consultant, such as Capatt Services, with significant experience and expertise in handling your company registration process in Dubai.
Ready to take the first step towards your dream of starting a business as an expat in Dubai? Well, you need all the help you can to ensure the success of your venture. Capatt Services provides impeccable corporate services in UAE.
We can help you with the IFZA company registration process and freezone company formation in UAE. Our experts ensure a swift, breezy, quick set-up that allows you to operate efficiently. You can book a one-hour call with our experts for just 99 euros and get comprehensive answers to all your lingering questions.
Experience Capatt Services today!