How To Start Your Business In The UAE In 2022?

Dubai has become a dream destination for young entrepreneurs worldwide who want to set up a business. If you are looking to start your business in the UAE, you are at the right place. Business formation in Dubai is comparatively easier here compared to other countries, but do you know why? According to the World Bank’s “Ease of Doing BUsiness”, the UAE  ranked first in the region in starting a business due the speed and cost related to company formation

A Free Zone company setup is easier than a mainland business setup in Dubai. As one of the most reputed and well-known Free Zones in Dubai, IFZA should be your first choice if you want to open a Free Zone company. Here is a simple guide for you to start your business in Dubai.

The Process of Starting a Business in the UAE:

Setting up a business in the UAE consists of seven simple steps. The steps are very simple, but you must have appropriate knowledge about the business practices in the country. So, staying connected with an expert regarding a business setup in Dubai will help you ease the process.

1.     Select the Business Activity

The first step in setting up any business is deciding which activity you want to deal with since this will determine the legal form and type of license for your new company. IFZA offers thousands of activities under two main license categories: Professional or Commercial. In addition, you may choose up to 3 business activities in your standard business license.

2.     Deciding the Company License

The UAE offers several licenses to business holders in Dubai. It is important to remember that getting a UAE business license is very important to pursue your business activities in Dubai.

Based on your chosen business activities, you may now continue to choose the appropriate form and type of license for your company. IFZA business owners offer the advantage of combining different categories of business activities under one license.

3.     Applying for a Company Name

Once you have decided on the form of your business, it is important to apply for your company name. Choosing a name for your company is quite an important decision because it serves as the basis for how your company is set apart from other companies. You need to select a name based on a set of important guidelines, for example, your company name must avoid any offensive language, brands of well-known companies or any religious reference. Also, confirm that your name is available for registration.

4.     Free Zone License or Mainland Setup

In the UAE, there are two common types of business: Mainland companies and Free Zone companies, with both types offering their own set of advantages. Getting a Free Zone license is easy and quick. It also offers tax exemptions and no restrictions on currency. Mainland businesses have the benefit to trade directly with the end consumers. However, the type of setup depends on the activity you are dealing with, but both need a UAE business license.

5.     License Application

The partner you rely on for your business setup services in Dubai will help you file your UAE business license application. Getting a Free Zone business license from the relevant authority is essential. IFZA is linked with a global network of Professional Partners that provide the best business setup services in Dubai. Regardless of which service partner you go to, the basic documents required for the UAE business license application are

●      A complete application form

●      Passport copy of the owner

●      Passport size photos

There may be additional requirements based on the type of business activity.

6.     Visa Application

Apply for your UAE Visa along with your employees in which an expert in business setup services provider in Dubai will help you. It will be easier for you to get a Visa in Dubai with a UAE Free Zone business license.

One of the great benefits of locating your business at IFZA is its global network of experts and professionals with business formation knowledge. If you are looking for a Free Zone in Dubai that offers a single point of contact for Free Zone services for new entrepreneurs who want to make their business operations established securely, easily and quickly, then definitely IFZA is the best solution for you.