Tips for Setting up Your Business in Dubai Quickly and Efficiently in February & March 2023

• Highly-appealing business plan

Before starting a business in Dubai, prepare a detailed business plan. How will you create this business plan? Learn your competitors and identify the elements to stand unique. Moreover, look at their execution and decide how you can do it more effectively? Decide the nature of business based on your business activities. The DED provides more than 2000 business activities in Dubai; you can choose the profitable one and submit it along with the application.

• Promising location

Finding a highly-profitable venue provides various business opportunities. Whatever may be your business, location acts as a prime source of income in Dubai. The city has mainland and freezone business setup locations. However, you have to choose the right location based on your business.

When it comes to free zones, it’s an independent region with its own laws and regulations. Free zone authority will monitor the companies and provide the required business license. Freezone offers more incentives for start-ups and other business establishments. Free zone companies are free from tax; get complete repatriation of profits, single window clearance and more benefits.

Mainland business setup is a sophisticated option for investors and entrepreneurs. The companies are allowed to operate within the boundaries of Emirati jurisdiction. Having a mainland license, allows your business to connect with potential clients and ensure flexible business growth. While operating in the mainland, you have to adhere to the rules and regulations of UAE government.

So, choose the best location and start your business for better results.

• Business license

Without a business license, it’s not possible to start your company in Dubai. The UAE government provides flexible company laws, regulatory procedures, quick timelines, and simple approvals. Therefore, Dubai business license is a popular choice among investors and start-ups. As per the new FDI law, in 2023 you don’t need a local sponsor to launch your company in Dubai mainland. So, the entrepreneurs own complete ownership of the onshore company.

To register your company, you don’t need a physical office space. Flybiz business setup team offers the best DED package to get your business license. Moreover, we work with government entities to simplify the process and provide necessary documentation for quick approval.

Commercial, industrial, professional, and tourism are the four popular licenses available in UAE. You can select any one license and start your business activity in Dubai.

• Impressive name

Having an impressive name will bring more clients. When a brand name is registered on our minds, we go back again and again. But, when you’re deciding a business name, you have to abide all the naming rules and regulations. For example – you should avoid abbreviations, religious references, foul words, etc. Additionally, make sure it ends with the name of your legal structure like LLC or Pvt. Ltd. Once you finalize the name, register it with DED and complete your trade name registration.

• Set your budget

Every dollar counts, when it comes to business setup, you need a fixed budget. Company incorporation budget covers hiring, stock inventories, hidden costs, licensing, marketing, and advertising. The expenses may vary and you have to gather funds for unexpected expenditure. When you plan to start a business in Dubai, think huge and plan for the future. Make sure that your budget covers future growth and capital-intensive opportunities.

These are the few tips to consider while planning starting your business in Dubai. But, getting support from an expert business setup consultant in the UAE will simplify the whole process and you don’t need to spend time on it.