Guide on How to Start a Business in Dubai

Yes, even a foreigner can begin a company in Dubai, and many have already done so. The population is nearly 80% foreign, with most of these having their own established businesses. Dubai is home to several business formation specialists and set up agents, designed to help guide new ventures through the legal procedures that need to be followed. This is particularly important when considering working overseas as a company owner, since you have most likely invested large sums of money in equipment, or other property.

New comers often feel somewhat intimidated by the sheer number of requirements they must meet before being allowed to open a new company. That said, it is not so difficult to understand what is required of an individual when starting up a new company in Dubai. Most importantly, it is essential that all laws be observed, including those relating to taxation.

Many entrepreneurs prefer to start a company in Dubai because it offers a comparatively easy legal method of doing so. This is because the city's legal system is well versed in dealing with foreigners, and has developed good relations with many international businesses. There are numerous business establishment specialists in Dubai that offer help, either free of charge or at a fee. In addition, there are many nongovernmental agencies that provide similar services.

The legal system in Dubai is fairly simple, which makes it popular with overseas entrepreneurs. For instance, all paperwork regarding permits and immigration is handled by the same government. This includes both tourist visas and work visas. Work visas are specifically for foreign businessmen, while tourist visas are available to anyone traveling to the city. In order to get both types of visa, a person needs to apply for a visa prior to arrival in the emirate.

After receiving an approval from the government, a foreign national can proceed with establishing a company in Dubai. However, prior to doing so, he must make arrangements for an agent to assist him. This is because registering a company in Dubai requires the presence of an authorized company formation processional and passport. Without these documents, an individual cannot legally establish a company in the city. Thankfully, there are numerous agencies that can aid a businessman with obtaining these important documents.

Just like tourism, business in Dubai also enjoys a booming trade sector, which makes it popular among businessmen looking to establish a company in the city. Dubai is home to numerous multinational companies as well as small businesses, which often hire the services of trade brokers to represent them on the trading floor of the global exchange market. Trade license applications can only be approved after the submission of proper information, which must include detailed profiles of the company's directors, officers, employees and shareholders. To get a trade license in the free zone, all one needs to do is register with a company formation company.

For those who want to invest in property in Dubai, a resident alien can apply for a Dubai business or investment visa. This type of visa is offered to foreign investors who propose to establish a certain number of subsidiary companies in the emirate. These investors need to register their names with the Dubai ruler or the federal government. To start a business in Dubai, an investor must obtain a master's degree or a diploma in a field that is recognized by the government of the emirate he plans to invest in.

The world's fifth-largest city, Dubai features an impressive skyline filled with luxury hotels, commercial buildings and towering towers that attract millions of tourists each year. With an economy that is growing by leaps and bounds, the city is becoming a sought after tourist destination. The key to starting a business in Dubai is to start with a good plan. A number of free zones exist in the city that help foreigners in accessing resources and establishing businesses freely. However, if you are planning to open a new business in Dubai then you will need to register the name with the government first. This process is relatively easy and only takes about 2 weeks to complete.