Business setup in UAE is a very good option for people who are looking for a long term career. The labor force is highly educated and experienced. They are well qualified for the jobs available. They also have many prospects of getting promotions and for making good money. As the labor force is young, it is expected that they will be joining the corporate sector to work for multinational companies soon. This will give them an edge over others and help them in getting better salaries.
When you business setup in UAE, you can either set-up a limited liability company or choose to form an unlimited liability partnership. Both these business setups require you to register an office in Dubai. In order to do this, you need to appoint a company director and an office manager. The company director is the person who actually runs the business while the office manager is responsible for the management and supervision of the company.
Registration of a business in UAE
Registration of a business in UAE is done by filing an application with the Office of the Secretary of State. The process is quite simple. You have to provide some of the necessary information and then wait for the results. If everything goes well, you will receive a registration certificate. However, there are still other measures you need to take in order to set-up your business.
After you have filed the application, it is important to find a business location. There are many options available. You can either buy an existing business location or start a new one. It is important that you select a location where your business is likely to succeed since it would be your permanent office.
Set-up a business credit. Once you have a business location and a company director in charge, you can now consider other matters related to the business. You should create a business line of credit (which you can use to pay for operational expenses). This credit can be offered to you or to any employee of your company. Once you have a good relationship with your employees, they may offer referrals to other potential clients. This can be a great way of spreading your business.
Set up a business license
Set up a business license. The next step in setting up a business in UAE is to get a business license from the relevant government agency. The UAE authorities may require specific documentation like a registration number, business name, and others. Once you obtain the registration number, it is important to promptly submit it to the relevant authorities. This will make sure that all the requirements of the country are met.
Company formation. Once you have completed all the legal procedures to set-up a business, the next step is to file a company formation form with the appropriate government agency. The registration number is normally issued to you once the company is duly established.
Once the company is duly established, it is advisable to start managing it. You can either work on your own or hire an employee to run the business for you. If you have the finances, then you can employ a team of professionals to do the daily tasks involved in running a business. But if you just have a limited budget, then you can simply work as an employee and do the business operations yourself.
In order to legally operate a business in UAE, you have to get a business license from the concerned government agency. The company will be registered at the concerned bureau. A business license is usually valid for one year. After the business license has been obtained, you will be allowed to sell products and engage in commercial activities like manufacturing and retailing, and import and export.
Before setting up a business in UAE, it is advisable to hire employees to run the business. Employees will help in running the business smoothly.
Before everything else, you have to register a business. Registering a business involves legal formalities like submission of articles of incorporation, payment of fees, submission of Memorandum and Articles of Association, payment of stamp duty and other related legal fees, reporting of annual accounts, etc. Once everything is ready, you can now start operating your business. This is the easiest way to set up a business in UAE.