May 29, 2024

Marov Business

Business Blog

Five stages for foreigners to establish a company in Dubai

2 min read

This manual should have made it apparent that business ideas in Dubai as a foreigner or non-resident doesn’t have to be highly complicated if you’re prepared. On the other hand, some familiarity with the procedure is helpful. Also, remember that the application procedure will go smoothly only if your license application is error-free and fully completed before submission.

Initiate Cooperation with BIZ

business ideas, for Dubai especially as a non-resident, requires a bit of paperwork, even though the procedure is intended to be simple. This is why a local specialist like BIZ is crucial to collaborate with at this point. Before submitting your application, we may double-check your materials to guarantee their accuracy.

Identify your preferred commercial pursuits

Your firm’s optimal structure and legal authorization will depend on the specifics of the operations you want to do. For instance, if your company engages in industrial or manufacturing processes, you must get an appropriate license. You need commercial support if your business involves purchasing and selling items.

Free Trade Zone or Continent

After a brief consultation, the BIZ staff can help you decide if a free zone or the mainland would be better for your company. There is no universally applicable response to this issue; rather, it will depend on your unique situation and the kind of firm you want to launch.

Company Naming

Dubai’s naming protocol differs somewhat from that of the rest of the globe. There are a set of rules that must be followed while naming something.

Get Your License

Getting a business license is a mandatory next step. Make your application to the appropriate agency, such as the Dubai Department of Economic Development, if you want to establish your business on the mainland (DED). To apply for a free zone permit, you need to approach the zone’s administrative body.

What you need to get your Dubai company up and running

Whether you choose to establish your business in a free zone or on the mainland, you will often need to provide:

Submission of an Application Form

Organizational Charters (if necessary)

Shareholders’ passport copies

A brief explanation of the planned business actions

Initial Expenses of Establishing a Company in Dubai

Fujairah Creative City’s licensing packages start at only AED 24,775 and include one visa application and access to the free zone’s shared office space.

With so many moving parts in creating a new company, pinpointing an exact cost is challenging without having all the information.