https://www.cdacorporate.ae/why-choose-dubai-to-set-up-a-business/
Entrepreneurshipisn’tfortheweak-hearted.Butifyouareoneofthepeoplewholikesto liveforrisksandstrategizetakeoversovernichemarkets,you’dlovetoreadthis!
WiththeUAE’sbusinessambiencegrowingsteadilyyearafteryear,thereisnobetter timethannowtostepintotheEmirates’market.In2024,Dubai’sbusinessclimateindex pointsforthefirstquarterincreasedfrom144pointsfromthepreviousyearto168points. ThisclearlyindicatesthatthereisapositivegrowthintheDubaibusinessmarket,which isfullofhiddenpotential.Itissafetosaythatthismightjustbeoneofthebest investmentsthatyoumake.BeforestartingyourbusinessinDubaigetsomeideaaboutits demographythroughthisblog
Nestledinacompletelystrategiclocationbetweentheeastandthewest,Dubaiallows directaccesstotheconsumermarket.Ifyouarethinkingofestablishingyourown businessinDubai,here’swhatyoushouldknow.
Dubai:DesignYourSuccess
Thereareentrepreneursinalmosteverynichemarkettoday,competingand excelling,tendingtotheircustomersaswell.Ifyou,too,wishtobeapartofthat club,thenbelowareafewthingsthatyoumustabsolutelyknow.
● Thelocationadvantages
AlwaysbeingsaidattheforefrontofanythingDubai-related,butyouknowthisis absolutelytrue.Dubai,oneofthemostthrivingspotsintheMiddleEastandthe UAE,housessomeofthebestgeographicaladvantages.Easyaccesstothe airports,seaportsandroadwaysseamlessnetworkinghasmadeitoneofthe busiestbusinesscountries.
Itdoesn’tmatterifyou’retakingaflightfromtheEastortheWestintheworld;it stillservesyouthebestofthebusinessworldonaplatter.
● TaxBenefits
AlotofpeoplemaythinkthatconductingbusinessinDubaimightentaillosinghalfofyour profitstothetaxentities,butthatisn’ttrue.Unlessyourbusinessnicheisspecifictotheoiland gasindustries,orothercriteriaasspecifiedbytheauthorities,thebusinessesarechargedonly9% corporatetaxwhichisoneoftheminimumrates,ifthebusinessescomeundertheeligible criteria.OtherthancorporatetaxtheonlymajortaxprevailinginDubaiistheVAT.
Thesimplemeaningis:takethoseprofitsandinvestthembackintothebusiness.
● FreeZones
InDubai,over40freezonescatertovariousindustries,withexemptionsonimportandexport duties.Ifyouareaforeign-basedentrepreneurtoo,you’reallowed100%ownershipofyour business.Sonowwho’swinning?
Itdoesn’tmatterifyourbusinessisinmedia,technology,orhealthcare;you’llberakinginthose profits.
ThestepsforsettingupabusinessinDubai
GettingyourbusinesssetupinDubaiisoneoftheeasiesttasksyoucando.Ittakesnothing butsomeapprovalfromtheauthoritiesandgettingthelicenceissuedbytheDED.Beloware thestepsthatyoucanfollowtogetyourbusinesssetupinDubai.
● Selecttheactivityforyourbusiness:Thisstepincludesmarketresearchforthepotential activitythatyouplantostartandgettingalltheinformationaboutitsfeasibility.Italso includestheselectionofthelicence,whichyouhavetogetissuedbytheauthorities.
● Selectionofthelocation:Anotherstepinvolvestheselectionofthelocationforthe businessinDubai.Thebusinessescanchooseeithermainlandorfreezonesaspertheir requirements.TolearnmoreaboutchoosingthelocationforthebusinessinDubai,click here.
● DevisetheMoA:ThenextstepisthepreparationoftheMemorandumofAssociation, whichincludesalltheinformationrelatedtotheoperationsofthebusiness.Itmustbe preparedincompliancewiththeregulations.
● Gettingthenecessaryapprovals:Thebusinessesarethenrequiredtogetanodfrom theDED,whichistheinitialapprovalforbusinesssetupinDubai.
● Selectingandregisteringatradename:Thenextstepincludestheselectionofa tradenameandgettingitregisteredwiththeauthorities.
● Arrangethephysicaloffice:Thenextvitalstepistosetuptheofficeforyour businessinDubai,whichisoneofthemandatoryrequisitesbeforewhichtheentity mustapplyforthetradelicence.
● Getyourbusinessabankaccount:Aftergettingthelicenceissued,thebusinessmust getabankaccountwithanyrecognisedbankinDubai.
● Forforeigners,anadditionalstepofimmigrationmustbetaken.
CDAforallyourbusinesssetupneeds
Sometimes,businessideasneedanexternalpushandhelp.Thesecanincludelocating potentialinvestorsforyourbusinesses,informingyouabouttheexistingregistrationand licencerules,aswellasanyupdatedrequirementsalongthesamelines.
ConsideroutsourcingallofthisworktoCDA,yourtrustedbusinesssetuppartner.For yourinitialdaysofstrategizing,planning,registrations,andlaunch,trustCDAtohandle themajorityoftheheavyliftingaswell.Notonlydoesthisgiveyouanedge,butthetime yousavedcanbeinvestedintothebusinesshoursaswell.
Ifyou’rereallyheadinginthatentrepreneurialdirection,youknowwhotoseekoutnow!
https://www.cdacorporate.ae/why-choose-dubai-to-set-up-a-business/