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It is also the responsibility of the business owner to provide health insurance to all employees. In 2017, there were 131,000 registered companies in the UAE. Combined with the fact that 80% of the residents were born abroad, it becomes clear that there are a lot of foreign investment opportunities in the UAE. Register your business with the Dubai Chamber of Commerce and Industry. Secondly, you need to obtain an eTrade license from the telecom regulator. In Abu Dhabi, it is the Tajer Abu Dhabi; in Dubai, it is known as the DED Traders License. After that, follow the same steps to start a business in the UAE as any other business. Dubai is home to entrepreneurs from all corners of the world. Year after year, more and more foreign investors and businessmen flock to the emirate to benefit from its privileged business environment. In Dubai, you can settle either on the mainland or in one of the many free zones. When you start a business in Dubai as a foreigner, you may be wondering what the difference is between continental areas and free trade zones. It was about how to start a business in Dubai as a foreigner.

We are confident that this comprehensive guide will eliminate your doubts and confusion regarding the process of starting a business in the UAE as a non-resident. The whole process is not so complicated if you have enriched yourself with the essential knowledge. Finding a local partner is not a requirement for everyone. It is necessary to look for a local sponsor only for those who decide to start a business on the mainland of Dubai. Your local partner will own the main ownership of your business. If you are thinking of starting an e-commerce business, you will have a different experience in the UAE. First, you need to contact the Ministry of Economic Development of your emirate. One of the first decisions you need to make before starting a business in Dubai as a foreigner is the type of business you want. This is determined by various factors, including the nature of your business, the purpose of your business, and its operational aspects, among others. There are two main types of business structures you can choose from: Want to know more about starting a business in Dubai? Contact us at (+971) 4550 9345 or send your questions to email@healyconsultants.com. Dubai actively welcomes foreign investors and business owners.

The emirate is home to many business start-up experts and installation agents tasked with guiding foreign entrepreneurs through the licensing, visa and business creation processes. While starting a business in the UAE is relatively easy, starting a nonprofit or charity can be a little more challenging. UAE nationals have the option to register a charity online directly with the Ministry of Community Development. In addition, foreigners who wish to settle in Dubai will benefit from a multicultural environment. Dubai`s population includes foreigners from all over the world. Thus, the city is always up to date with the latest trends and developments. It is also a paradise for any gourmet who wants to try different cuisines. Really valuable blogs for foreigners interested in starting a business in Dubai. Thank you for sharing this.

Following recent changes to UAE regulations, most companies on the continent do not need a local sponsor. Commercial – As the name suggests, you will need this license to trade in Dubai. Legally, there is a big difference between a branch and a subsidiary of a foreign company. A branch is linked to the parent company, which is therefore responsible for the acts of the branch. However, a subsidiary acts as a legally independent company. As such, a subsidiary will operate under a UAE business structure. However, it can also benefit from protection against double taxation and operate in a free trade area. Dubai imposes restrictions on foreigners who want to do business in the city.

But it offers many advantages, such as: like any other company in the United Arab Emirates, a branch or subsidiary must register with the Ministry of Economy. You must also submit documents such as a memorandum and articles of association, as well as a power of attorney. Record keeping for foreign branches or subsidiaries is the same for any other company in the UAE. The next step to starting a business in Dubai as a foreigner is to obtain a visa by contacting the local embassy. u.ae/en/information-and-services/business/steps-to-start-a-business-on-the-mainland Dubai`s infrastructure is top notch. Its innovations, road networks, telecommunications are the best that attract foreigners from all over the world to Dubai, some companies need to obtain permits from various government agencies. For example, to open a restaurant in Dubai, you will need a community food security permit. Similarly, you must rent or lease a factory space with a certain minimum area in order to be able to carry out industrial activities.

In just a few decades, the UAE has undergone an incredible transformation. From a fishing and pearl nation, it has become a financial powerhouse with diversified and thriving industries. In addition, the country has a stable political system, strong capital flows, business-friendly taxation and liberal trade restrictions. As a result, the country has become an increasingly popular choice for investment. Dubai is known as a business hub all over the world, and it`s easy to see why! The city has a growing economy, there are no taxes and it offers first-class infrastructure. But these are just a few of the many reasons why entrepreneurs are looking to start a business in Dubai. The list of benefits for business owners is endless! While there are some restrictions for foreign investors, it`s still a fairly simple process for your business to get up and running. If you are a foreigner who wants to start your business in Dubai, we can help! Read on to learn more about what to expect and find out how MSZ Consultancy can help simplify the process.

Learn more about the UAE`s responsibility to start a business No paid-up share capital is required to start a business in Dubai When starting a business in the UAE, it may be useful to use administrative or accounting software. Some of the most popular software in the country are Quickbooks, SAP, Sage, Tally and Reachaccountant. For invoice-specific software, you can try SmartInvoice or TaxPay. Dubai SME also offers financing, advisory and incubation services for small and medium-sized enterprises. In addition, the Intelaq program provides financial support to start-ups, as well as legal, marketing and technical advice. Limited liability company – This corporate structure, also known as LLC, allows multiple shareholders, at least two and a maximum of 50, to come together to form a company. It is the most preferred structure in Dubai as it allows import/export and trade activities both locally and internationally without much effort. In addition, it also helps to facilitate the processing of visa and immigration documents for partners, their families and employees. However, it is important to note that to start an LLC business, you need to work with a UAE national, an Emirati.