Business Formation in Dubai


Business Formation in Dubai
Do you want to start a new business setup in Dubai? Dubai, as well as the UAE, offers plenty of
opportunities to start a new business. let’s get the basic idea of how you can do it.
Research & Market Analysis
For any kind of business formation that you are planning, you need to have profound knowledge
and expertise in the preferred sector. Conduct extensive research across the business sectors
that you plan to operate on.
Local Sponsor or 100% Ownership
To start a business in Dubai you have to decide the type of business in LLC business you need a
51% partner who is called a local ‘sponsor’. In the Free Zone, you can own your business 100%. A
sponsor will help you in solving any problem which occurs due to authorities as a sponsor will
have all knowledge related to the rules of authority.
Decide Business Activity
First and foremost step is to choose the type of Business, this will define the kind of License you
will require like Commercial, Professional or Industrial License. Setting up a business in a free
zone is relatively easier and requires minimum paperwork and duration.
Benefits of choosing Dubai Free Zone for trade investments:
● 100% Ownership rights
● No Tax
● Minimal Renewal Charges
● You can close it at anytime
After deciding the business activity there are some key steps you need for Business
Formation;
1. Determine the type of legal entity your business would take up.
2. When you are deciding the type of your business, you should select the Business name as
well.
3. You should apply for a trade licence depending on the activity of your business.
4. Select a Location that upgrades reasonableness, comfort, and expenses.
5. There are different rules in different Freezone and you must satisfy the criteria for
business setup. Collect all the necessary documents for necessary approvals.
6. Affirm your Visa qualification and requirement.

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