The
right time to set up a company in Dubai is now. But most
entrepreneurs do not know how to set up a business in Dubai. In this blog, we
will give a short guide on the necessary steps that must be followed for the
company set up in Dubai.
1. Determine your business activity
The
type of business you want to set up is the factor that decides the location of
your company in the Dubai free zone. Because some Dubai free zones allow
only a certain type of business and the rest of the activities are restricted.
Although you can later have multiple business activities listed under one
single trade license you have to establish your business activity early on.
2. Choose your trade/company name
One of
the most important things is to focus on your company’s name because the UAE
has strict naming conventions. It should not be offensive in any way or has
religious or political references. If the name of the company is after any
person then the person should either be the owner of the company or a partner.
And you cannot use abbreviations while naming your company after the person.
3. Complete all the paper works
Whether
you start a company in Dubai or anywhere either world, you have to follow some
procedures and complete the paperwork. Acquiring business license, company
registration, visas, application form including the name of the company and the
activities your business will have, etc. are required. Some of the free zones
also require additional documents like Non-objection Certificate (NOC).
4. Opening a bank account
After
you have all the necessary documents like a business license, you will be able
to open a corporate bank account. UAE has local as well as international banks
with many different services so that you can decide the best suitable for you.
5. Hire a business setup consultancy
Company
setup in Dubai is not a meager task
and hence you should always hire a business setup consultancy. EBMS is one of
the best in the field. We will guide you through all the processes along with
the documentation, bank account opening, finding the right location, acquiring
the license, etc. We are well versed with the local government authorities and
their rules and regulations and hence you won’t face any complications.
To know
more reach us today.
No comments:
Post a Comment