Guide: How to set up a business in Dubai?

Dubai is a business-friendly city with a thriving economy, making it an attractive location for entrepreneurs looking to set up a business. If you are considering setting up a business in Dubai, here is a guide to help you get started:

Choose the right business structure:

The first step in setting up a business in Dubai is to choose the right business structure. The most common options are a sole proprietorship, a limited liability company (LLC), or a branch of a foreign company. Each structure has its own benefits and drawbacks, so it is important to carefully consider your options and choose the one that best fits your needs.

Obtain a license:

In order to operate a business in Dubai, you will need to obtain a license from the Department of Economic Development (DED). The type of license you need will depend on the nature of your business and the business activity you will be conducting.

Register your company:

Once you have chosen your business structure and obtained a license, you will need to register your company with the DED. This process involves completing an application form and submitting it along with any required documentation, such as proof of ownership and financial statements.

Rent a physical space:

Most businesses in Dubai will need to have a physical location, whether it is an office, a shop, or a warehouse. It is important to carefully consider the location of your business, as it can have a significant impact on the success of your venture.

Hire employees:

If you plan to hire employees, you will need to obtain work visas and register with the Ministry of Human Resources and Emiratisation (MOHRE). This process involves submitting the required documentation, such as a copy of the employee’s passport and a copy of their employment contract.

Follow local laws and regulations:

It is important to familiarize yourself with the local laws and regulations that apply to your business in Dubai. This includes obtaining any necessary permits and complying with any relevant health and safety regulations.

By following these steps, you can set up a successful business in Dubai and take advantage of the city’s thriving economy.

Need help?

If you are interested in setting up a business in Dubai but are feeling overwhelmed by the process, don’t worry! Our team of experienced consultants at Fubon are here to help. We can guide you through every step of the process, from choosing the right business structure to obtaining a license and registering your company. Contact us today to learn more about how we can help you successfully set up your business in Dubai.