Dubai now helps foreigners to own a business, thanks to a 0% tax rate, a strategic global position, and a clear incorporation process, along with long-term visas. The emirate is home to a large number of company development specialists and setup officers, who are established to assist foreign entrepreneurs with the license, visa, and business incorporation processes.
- As an overseas entrepreneur beginning in the UAE, your first job should be to become accustomed to local business traditions and practices. That is why the first step should be to find a business formation agent who will walk you through each step of the process, providing guidance and help along the way.
- Choose a name. Each move, as well as aligning your company with one of the 2,000-plus authorized business practices, can be assisted by your chosen setup agent.
- Once you’ve completed the preliminary administrative tasks, you may begin the licensing process. In Dubai, there are many categories of trade licenses, the most popular of which are commercial, industrial, and professional.
- You can submit your application after you’ve decided the kind of license you need. Simply supply your company setup agent with some simple paperwork and a few specifics about your organization to render your free zone submission, and they will take care of the rest.