STEPS ON HOW TO ESTABLISH A COMPANY IN DUBAI
“THE BIGGEST CHALLENGE WITH DESIGNING ENTERPRISE APPLICATIONS IS THE LACK OF EXAMPLES OF PATTERNS THAT WORK OR DON’T WORK IN SPECIFIC SCENARIOS.”
WHAT BUSINESS ARE YOU TRYING TO ESTABLISH? A COMMERCIAL, PROFESSIONAL, OR INDUSTRIAL ENTERPRISE. THE NEXT STEP IS TO GET A LICENSE FOR YOUR BUSINESS.
If you want to start a retail business, then a local company in the mainland will be suitable for you. A local company in Dubai must be registered with the Department of Economic Developmen (DED). If you want a Commercial license, you will need to have a local partner with 51% shares whereas you, as a foreigner, shall have 49% shares. Commercial activities include wholesale and retail trade, construction, transportation, stockpiling, communication, financial intermediation, real estate, and leasing.
However, if you are looking for Professional license, you, as a foreign investor, can be 100% owner of your business. Professional activities include marketing and management consultancy, restaurants, coffee shop, beauty and spa salon, and many more.
One of the requirements of a local company is to have a physical office. Without a physical office, the registration of local company cannot be completed and the license cannot be issued. One of the benefits of local company is that it is allowed to trade across the UAE and international markets. Additionally, you are eligible for UAE resident visas under the local company sponsorship.
TRUST & MOVE.