Start a small business in the UAE in six simple steps

Benefits of starting a small business in Dubai

Whether you want to do a cheap business setup in Dubai or launch a small business in Dubai like a tech startup, boutique cafe, or online retail store, the UAE is the perfect place because of so many reasons like:

1. Fantastic Infrastructure

The best infrastructure found in Dubai continues to improve and attracts many businesspeople. This ‘City of Gold’ offers excellent facilities, transportation, and communication.

2. Strategic Location

Due to Dubai’s geographic location, communication with other nations is simple. Excellent seaports and airports facilitate trade activities such as exporting and importing.

3. Thriving economy

Not only does the UAE have one of the most accessible economies in the Gulf, but the entire world as well. It has sustained consistently high rates of economic growth for many years. The first step in starting a small business in the United Arab Emirates is to identify a location with an economic boom.

4. Effective Tax Laws

You will benefit from some of the world’s most business-friendly tax laws if you are launching a small business in Dubai. For instance, complete tax exemptions are available in certain tax-free zones.

5. Great Employees

Starting a small business in the UAE won’t be great if you don’t have the right people to handle your tasks. But Dubai is one of the best cities where you can find a great workforce. This is due to the UAE’s large population of skilled and even unskilled employees from all over the world.

Steps to open a low-cost business in Dubai.

Get in contact with us right now for a customized quote and advice on setting up an online business in Dubai. We, Promptus Global, are specialists in assisting companies with the procedures required to conduct business in the UAE.

1. Choose Your Business Activity

Selecting what sort of business activity, you want to do is the first step of setting up a business in Dubai. With hundreds of industries to pick from and a local economy this diverse, the possibilities seem limitless for a low-cost business setup in Dubai. Determining what new product or service types are in high demand. It’s also helpful to find out who your possible competitors might be at this point. It’s also essential to check the legal framework to make sure your chosen business activity is allowed.

2. Choose a Name for the Business

Selecting a company name is the second stage. Entrepreneurs must be aware of specific cultural and corporate regulations concerning business names. The name should not contain any offensive meaning in Arabic or English. Make sure the name of your business doesn’t sound too like any already-established companies.

3. Decide a setup: the mainland or a free zone.

You must decide if you want to set up your small business on the mainland or in a free zone before you can file your license application. Both have their benefits. Advantages like a quick and easy incorporation process, continuous business support, and financial incentives like tax exemptions and no currency restrictions are offered by free zones. However, doing business on the mainland allows you to engage in direct trade with the UAE market and potentially profitable government contracts.

4. Apply for a business license.

One of the most important requirements for setting up a small business in the UAE is obtaining a business license.

The process of getting a small business license is simple for companies operating in both free zones and on the mainland. You must apply directly for a license from the Department of Economic Development or the Municipality in the Emirate in which you will be operating if you want to open a small business on the Dubai mainland. Businesses operating in free zones are required to apply to the appropriate local authorities.

5. Visa application.

Another crucial requirement for launching a small business in the UAE is a visa. The process for obtaining a personal visa and staff visas is straightforward but specific. An expert UAE business setup company can help you.

If you hold a UAE company license, you can also sponsor other people for their visas. A partner, parent, child, or domestic helper like a housekeeper may be included in this group. The size of your company, the setup you select, and your personal income in the case of dependent visas will all affect the maximum number of visas you are eligible to apply for.

6. Open a Bank Account.

In the United Arab Emirates, every small business needs a bank account. To comply with the stringent money laundering regulations in the UAE, this corporate bank account may be opened at any local or international bank.