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What to Consider for Business Setup in Dubai? The “City of Gold” Dubai is the commercial capital of UAE which offers a lot of opportunities to set up a business with unique commercial modules for companies from different parts of the world. Investor-friendly government and global exposure are two of the most important factors which help in business setup in Dubai. Startups also enjoy more tax benefits and investment perks than any other part of the world. Despite the approachable processes, it is not easy for a new entity to grasp the procedure to launch a business. You should decide business activity in advance – There are some limitations when setting up a business in Dubai. You cannot start just any business in Dubai. You should figure out whether it fits in according to standards. Choose the right jurisdiction – Jurisdictions are segregated in Dubai in the form of zones to improve the productivity and competence of businesses. There are offshore, free zones, and mainland availab...

How to Renew a Trade License in Dubai? A trade license has been made compulsory to set up any business in Dubai by the Department of Economic Development (DED). Only those businesses which have trade licenses can operate in Dubai. If a business is operating without the same, a huge penalty is charged. However, special permission is needed for some types of businesses like manufacturing from the Ministry of Finance and Industry, and medical and pharmaceutical products from the Health Ministry. Trade license is a valid certificate according to the UAE code of conduct which enables an investor or businessman to perform certain activities. Steps to Renew Trade License in Dubai For trade license renewal Dubai, there are certain documents required – ● Photocopy of Tenancy Contract and Ejari Registration Certificate ● BR/1 form ● Photocopy of trade license ● Photocopy of passport of all partners It is important to renew trading licenses for every business in Dubai every year to stay legiti...

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, Profes...