Setting up a business in Dubai has become very easy over the years due to the large number of technological advancements experienced by the city. Dubai has gained the international reputation for its pioneering business locations, excellent climate, and no restrictions on business hours. Moreover, it offers business individuals the most liberal working conditions, tax reductions, full privacy, limited liability, and asset protection, in setting up a business in Dubai. The government also offers various other incentives and credits to businesses in order to encourage them to establish or expand in Dubai.
A business owner may opt for location or equipment freedom in Dubai. It offers free zones where the business owner can choose where to set up his business. However, most of the business owners require a registered office and a registered address for tax purposes in Dubai. This makes it very easy for local businessmen to set up a business in Dubai even if they do not have or need these services. Dubai permits freehold ownership of real estate properties by foreign ownership and this policy has been widely used by numerous business owners to expand their business in the city.
Many business owners also prefer to set up a business without the assistance of any legal professional. For them, freehold possession of business properties is sufficient. However, there are certain rules and regulations that business owners must follow in order to achieve this objective. If a business does not comply with the laws of the country, the business owner may be subjected to heavy penalties. Therefore, it is recommended that a business owner consult with a legal expert before setting up a business in Dubai so as to avoid legal hassles later on. There are many free zone companies in Dubai which offer all necessary services and guidance to business owners who wish to set up a business without any cost or assistance from legal professionals.
Another significant requirement if one wishes to business setup consultants in Dubai is the need for business licenses. Business licenses play a crucial role in terms of regulating the operations of the business. Business licenses can be obtained from the government of Dubai or a commercial property owner who holds the applicable freehold property. Freehold property refers to a piece of land that is owned by an individual and is used for the sole purpose of living. Business licenses are necessary for operating businesses in free zones.
On the other hand, in order to set up a business in Dubai, a person may need to obtain a separate visa if he or she plans to run a business out of the country. Visas are usually required for those who intend to enter the emirate via an airport. In order to get a visa for the mainland, applicants need to have a job offer in a licensed company and must also carry the necessary documents. However, business visa for Dubai may be easier to acquire as there are no requirements for sponsorship by a UAE national.
A limited liability company is another important requirement if one chooses to set up a business in Dubai, as the formation of this business is considered to be tax-free. A limited liability company is an offshore company that has one or more members who act as its shareholders. Through this, the profits of the business can be shared by the members, depending on their agreement. One may choose to form a limited liability company in the country of his residence or one may opt to open a business activity on the freehold in Dubai.
Apart from business incorporation, another popular option is to hire an agent to represent one’s business. There are many business opportunities in Dubai that an investor may want to consider hiring the services of an agent. However, investors who have committed themselves to establishing a business in Dubai may not have the time to do such things. This is why one may want to consider looking into Dubai’s business opportunities online. This will help investors keep track of the latest business news and trends.
For business investors who are considering setting up a business in Dubai, it is important to know that the city offers several business opportunities including investment in commercial real estate, offshore joint ventures, setting up a chain of hotels and other services. Business opportunities in Dubai are provided by several companies including the likes of ACM, CIM, ETA, EDI, Interceramic, IRIS, ISSI, and the likes of these companies. However, before signing any agreements with any of the companies mentioned above, it is important to understand their respective business plans so that we are able to assess their actual business potential. For instance, investment in commercial real estate properties should only be executed if the land can generate profit after conversion to residential units. If the land cannot be developed due to zoning restrictions, then the investors may have to pursue the option of constructing an apartment building or a shopping complex instead. Therefore, it is important for us to understand the overall feasibility of any company before investing in them.