What are the things you need to know before Starting a Business in Dubai?

Who would not love to start their own business in Dubai? But for this you need to know where you should invest your money, or which business would be super beneficial for you. Further, how to set up a business in Dubai. 

One has to research, learn and educate himself for anything they want to start. Moreover, you need qualitative research on everything before starting a business in Dubai. An idea of starting one’s own business has always been encouraged in Dubai. Because it has become an eye-catcher for the new and old investors. 

Dubai has made his economic position in the worldwide economy market. However, it offers plenty of new chances to foreign investors for starting a business in Dubai. It is an immensely attracted location for any investor who wants to start their own business in Dubai. It has a growing and vibrant economy. 

Furthermore, this includes a favorable investment environment with their government support. Dubai has an enlarged business startup idea with creative business factors in it. Although, there are often complexities that come with it. 

The very crucial thing in starting any kind of business is time. Following are some top five important things to do before starting a business in Dubai: 

Select a Sponsor, a UAE Nationality Holder for Business Investment:

While starting your own business or setting up a company, you should know all the facts linked to business investment or starting one’s own business in Dubai. Starting business investment in Dubai is investment friendly and it has a lower cost of living than other developed nations. 

A local or UAE nationality sponsor would provide you with the freedom to locate your business anywhere in the city. The nationality holder would be a partner of 51% of your business. It would also help you in finding a location that would target your business investment and also in your budget. 

But you should be careful about your sponsor such as you should pay him a yearly fee undersigning an agreement. You should share a harmony or good terms related to your sponsor. However, this is because that he would help you in resolving you from any kind of problem, you may face with authorities. 

Firstly, ask a sponsor about his goals, makes a connection with him. Further, start to illustrate your idea of business investment and how they can help you accomplish yours.  By this you can exchange yours and his experiences about different things. These exchanges of experiences can be linked to you and him as well. 

Affirm Your Visa Eligibility for Business Investment:

This is the most important step for you to do in the list of “5 things to do before starting a business in Dubai.” For starting a business investment in Dubai, it is important for you and your employees to have a permanent visa in Dubai.

 As it would be beneficial and convenient for you to run your business comfortably there. Business visas are allowed for all businesses, although they differ in various categories such as the size of the office or your business’ nature. Your sponsor would also help in getting your business visa. 

He would apply for your visa as an investor for business. Your sponsor’s legal information is needed, his/her personal details are essential, reason for applying for the visa and all other processes would be acquired. 

You could apply for your employee’s visa, if only your sponsor gives permission. Applying for a business visa is not strict in Dubai, as one can apply to every single detail of his personal and professional life. 

Information Regarding Your Business Investment Cost:

Your sponsor’s legal information is required, his/her personal details are essential, reason for applying for the visa and all other proceedings would be acquired. You need to research properly and authenticity about each and every detail of your business in Dubai. 

It includes all your expenses related to your registration of business, business license, government certificates, visas and immigration. Starting a business in Dubai includes its expenses with government fees. 

Appoint an Agent to take You Through the Process of Starting A Business:

How to register a company in Dubai? Or How to do business in Dubai? All these questions can be answered by appointing a business advisor or an agent. This step is very important for starting business investment or company setup in Dubai. 

Because an agent or business advisory you hire will register your business there. They will hold your hand, guide you through all the processes and also they can register your business or company in Dubai.

They are experienced in all these governments dealing which would be a great help in starting a business in Dubai. There are various business setup consultants, there who come from an organization that offers a team of experts related to starting business investment in Dubai. They execute your whole plan with registering your company, business license, locating your business, etc. They take care of your basic requirements in business. 

Dubai’s government is, particularly in terms of registration or legal work, so any delay in registering your business could lead you to a heavy fine. Which also would be unacceptable for your business investment. So, without any delay you should appoint a business agent and seek his help through all these processes. 

Difference Between Three Locations

Business set up in Dubai is located in three parts according to their authority:

  • Mainland
  • Offshore
  • Free Zone

These locations are separated by their authority depending on business requirements, company taxation and commercial activity of the company. You have to choose your business investment location in the free zone. 

Furthermore, this is because it offers three major advantages such as 100% ownership, duty-free customs boundary and speedy startup. Authorities of the free zone acquire less paperwork and time. 

Starting business investment in the free zone has the following some steps:

  1. Such as applying for a business license
  2. Pick an office space
  3. Get pre-endorsements with the registration of your business and your permit.

In Dubai, you can conduct various business activities, for example, advertising is considered to be the best business in Dubai, content production, graphic development and design, educational content material, music production, music videos and much more. This strategy would be very helpful for your business investment because it will promote your business in Dubai. 

You can apply for a license in Dubai for various business ideas such as industrial, E-commerce, commercial or trade, media, educational and small business, etc. Doing business investment in the free zone also includes an advantage of zero taxes on imports and exports. However, you can find utilities at a very low price. All these relate to your business starting strategy in Dubai. 

Conclusion:

Following are a few important steps to remember before starting a business in Dubai. Starting up a new business set up in Dubai was challenging but now it has become easier and quicker. Dubai’s government helps business investors to launch and expand their businesses without many complexities. 

You can have a multicultural environment for your business investment. Dubai is a developed city with all the latest trends in business. It is a paradise for a foodie and a cash benefit business for an investor. 

Visit us at: Businesses in Dubai

How to Become a Millionaire With your Business

Everybody dreams to be a millionaire- to have all the money that one needs to live a lavish life and buy what you always wanted. How great would be if it this was possible. Well, the good news is that it’s not impossible. You can be a millionaire at an early age by using the right approach and some hard-work. The decisions that you make on a day-to-day basis play a major role in your financial status. People often overlook this fact when they are working laboriously to become a millionaire. To be the next millionaire, you will need to blend your business practices with responsible financial decisions in order to maximize your profits. Nobody can state the ways to become a millionaire with a guarantee but trying these following points can definitely be a big help. Here are the top ten ways to start your journey towards being a millionaire:

Read more

6 Important Lessons Learnt on Starting a Business

Businesses can take charge of your entire life- so if you are ready for your life to revolve around your business, you might have the entrepreneurship bug within you. Starting a business is hard, running a business is harder and running a business successfully is the hardest! Some entrepreneurs fail to get off the ground let alone run a business, and many of them fail to earn profits for a long period of time. Success requires a lot of time, it’s not going to happen overnight. But entrepreneurs who have had it the hard way enjoy their freedom of time, money and schedule which makes them forget about all their past sufferings. Every business is an untold story which gives invaluable lessons to entrepreneurs. Here are the top six lessons learnt by whoever has started a business:

Read more

Are You Sure You Know What your Customers Want?

shutterstock_107222465

The success of a business is highly dependent on the fact that there is demand for your product or service. There is not going to be any business if there is no need for it or if your customers don’t want it. Necessity gives rise to business ideas, entrepreneurs are expected to provide solutions to the problems faced. You might have an amazing product or a unique service, but you are not going to make money out of it unless your customers really want it or believe that they need it. You can take your product or service ahead by effective advertising but it won’t go a long way, there needs to be a demand because you clearly can’t persuade someone into buying something that they don’t need. Instead you need to understand their needs and come up with a product that matches their requirements. Knowing and understanding the needs of your customers is the base of every business, whether your target are individuals or other businesses.

Read more

How to Create the Next Business Success Story

When the going gets tough, the tough get going, but how do you get going when you face a rough time during your business journey. Success definitely lies after a bunch of hurdles and all you need is patience, persistence and determination to get across where the grass is green and the sky is blue. What determines success? How do you define being successful in your business? Business is a never-ending journey and there are no destinations but success is not measured by the distance you have covered or how far have you reached, it is rather measured by your achievements along the way, the letdowns you have faced and how it molded you to be a problem-solver.

Read more

How to Master Your Time for Professional Development  

“Time = Life, Therefore, waste your time and waste of your life, or master your time and master your life”

The above quote by Alan Lakein simplifies the importance of time management in everybody’s lives. Time management is definitely another way of life management. In your professional career, time is a valuable asset, it can literally take you places if used effectively. We all have days when we feel that we have been so unproductive but in order to avoid that we need to work to master our time.

Read more