Choose Your Business first; you need to decide what type of business you are going to do. The nature of the business determines the type of license and other regulatory approvals required. The license can be commercial or professional, or industrial. . The location of the company, whether in a free trade zone or on the mainland, also depends on the type of company.
Select Your Company Name
When choosing a company name for your company, be careful not to use offensive or religious words. It has to be clear and not ambiguous. In the case of the continent, the DED is the authority that sanctions the business license. You will also need to obtain approval from Dubai City Council and other external departments if necessary. While in the case of the free trade zone, the respective free trade zone authority issues the permits. Different free zones may have different requirements that must be met before establishment. The documents required for business setup in Dubai are as follows
- Copies of visa, passport
- NOC of sponsor
- Copy of rental agreement
- Trade name certificate
- License application form
- Approved departmental documents
Opening a bank account after submitting the documents,
You will need to open a bank account. The commercial bank account helps us to easily manage our finances. You can choose between several foreign and domestic banks in Dubai. For example, Emirates NBD, Abu Dhabi Commercial Bank, Citi Bank, HSBC, is some of the banks that work here.
Visa processing: Final step to starting a business the final step is processing your visa, employee, or partner visa. Visa processing can be summarized in the following steps:
- Entry permit
- Status change
- Proof of Medical Aptitude
- Registration of Emirates ID card
Visa Stamp The cost of registering a business includes the legal payment to the government. Includes payment for initial approval, name approval, MOA notarization, license fee, and office rental.
Conclusion
Once the 5 simple steps above on how to start a business are complete, you are ready to start your business. By following the steps above, you can easily start a business in Dubai. However, it is best to hire a business consultant to help you complete the onboarding process. Beyond View will help you with the smooth integration of the company with the help of its team of experts. Contact us for more details.