To set up a business in the UAE, first, you need to decide on the type of business activity you want to engage in and then choose the appropriate legal structure, whether it’s a mainland company, free zone entity, or offshore company. Secondly, you need to register your business with the relevant authority in the UAE and then obtain the mandatory licenses. Lastly, after opening your bank account, you can commence your business operations in the UAE market with ease.
To start a business in the UAE as a foreigner, you must choose a business and understand the legal structure, register with the appropriate authorities, obtain licenses, and comply with local regulations. However, you can also get professional guidance from Alriyady to navigate the process trouble-free and ensure a successful business setup in a few days.
Well, the ideal business to kickstart in the UAE entirely depends on your interests, expertise, as well as the local market demand. However, you can take a stab at the most demanding businesses like IT Solutions, hospitality, e-commerce, tourism, or professional services.
Although the cost of setting up a company in Dubai can vary depending on various factors, such as the type of company that a person is going to open and the services involved for this, however, it’s important to note that for establishing a free zone company in DMCC, a minimum share capital of AED 50,000 per company is required, with an additional amount of AED 10,000 needed per shareholder.
The minimum investment that an entrepreneur needs to start a business in Dubai mainly depends on the location as well as business activity. However, compared to establishing a business on Dubai’s mainland, forming a firm in the Dubai-free zone requires only AED 12,900 for a company license. But, with this, there is no immigration quota and office space included