Business Setup in Dubai OR Other Emirates | Overview
To start a business in Dubai or other Emirates, there are a few rules and guidelines.
- First and foremost, you need to have a business license.
This license needs to be for a specific business activity, which you wish to conduct. - Depending on the activity, you need to choose the relevant economic zone.
It could be either on the mainland or in a free zone. In the Emirate of your choice. - The exact location of your business would also depend on 1) whether and 2) what type of employees you wish to hire.
- Once you choose the right business zone, you need to submit an application to that authority, with the relevant information about yourself and your business. And pay the licensing fee.
- You also need to choose an office and sign a lease agreement.
It could be either for a physical office or a flexi-desk. - You will also need to create your corporate logo and stamp.
These are some of the required steps for the issuance of a basic business license.
Additionally, depending on your business, you may also be required to:
- Open a corporate bank account.
- Obtain various insurance policies.
- Appoint an auditor.
- And, register your business with the tax authority.
Importantly, your business license will need to be renewed every year, along with the submission of certain documents and payment.
Business Setup in Dubai OR Other Emirates - FAQ
First and foremost, you need to have a business license. This license needs to be for a specific business activity, which you wish to conduct.
Yes, you are a business license in order to home business in Dubai or the other Emirates.
Minimum age for trading or owning a business in the U.A.E. has been lowered to 18 years of age. This is as compared to the previous law, which had set the minimum age to 21.
Yes. Minors who are between the age of 15 and 18, can also trade. Although they are subject to certain regulations, as per the U.A.E. Cabinet.
Yes, you require a business license even if you are a Golden Visa holder.