Setting up a business is always a hectic part as legalization part is quite a headache for every entrepreneur. Before starting, any business it is must to register the company in the respective country otherwise you may have to suffer from the legal issue. Dubai is the most fascinating country for every entrepreneur because it is a tax-free country and hence you will gain the more profit instead of paying a huge amount in government tax.
Procedure to setup business in UAE
Business setup in Dubai is a very big task, which needs some legal knowledge for completing it. In UAE, there are many different zones like RAK and free zones where laws are different from the other city of UAE. For Company formation in RAK you must need some help from the professionals. Here is a step-by-step guide on business setup in Dubai.
1.Choose your company name and apply for registration at the Department of Economic Development (DED)
2.Notarize the company’s Memorandum of Association at DED
3. File company documents with the Department for Economic Development (DED); Obtain trade license and Register for membership at the Dubai Chamber of Commerce and Industry (DCCI)
4.Apply for the establishment card at the Ministry of Labor
5.Register native workers with the Ministry of Labor
6.Register native workers with the General Authority for Pension and Social Security
This is a simple process, which you have to follow before starting a business in UAE. However, Business Setup in UAE Free Zones is quite different from the regular procedure. For business setup in free zones of UAE you must need professional help. It is not a big deal to find business setup advisors in Dubai but I would like to say that before approaching any of the advisors, you should have to confirm the legalities and your business needs so that you don’t have to face any trouble in future.
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following are the basic steps for Business Setup in Dubai, UAE
Find a local sponsor, a UAE national for local business startup.
Select a Free Zone available in UAE if you wish to own your business 100%.
Select a Location that optimizes suitability, convenience and costs.
Confirm your Visa eligibility and requirement.
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