Business Setup in Dubai for Expats
Business setup for expats in Dubai is of the most popular matters nowadays. Especially with the launch of Expo 2020, which boosted the region’s economy and restored Dubai’s position as a leading investment and tourism destination. Due to its excellent infrastructure and innovative business centers, it has even become the most prominent destination in the region. As It provides services and facilities to investors in order to boost foreign investment and attract investors from all over the world.
If you’re one of those investors who are eager for further growth and expansion and want to start investing in Dubai, you’ve come to the right place. You can contact Itqan consultants, who will handle all of the business setup procedures in Dubai on your behalf.
But first, let’s go over the procedures and regulations for ex-pats starting a business in Dubai.
Business Setup in Dubai For Expats procedures
Choose the investments type
Determining the type of activity helps you to know what type of license you need. For example: a professional, commercial, industrial license. However, some additional things must be taken into consideration, such as additional approvals that may be required by the business activity in order to know the type of license you need, whether it is a professional or commercial license. Such as food trade, trade in jewelry, and some legal advice. In addition, there is a list of more than two thousand activities available at the Department of Economic Development in Dubai. This way you can find the activity you want.
If you are a foreign investor and want to invest and own in the UAE. Dubai opened the doors for that and provided opportunities for thousands of investors to own property in Dubai. Where you can establish your company in one of the free zones or even inside Dubai, own 100% and issue licenses from the Department of Economic Development.
The legal form depends on your location and the type of work you do. There are some laws related to the formation of your company. If you want to establish a legal consultancy company, you can do so as a subsidiary company or as a stand-alone company, and the single owner is not allowed to practice this activity.
Choosing a trade name is one of the most important steps for establishing a company, as it is the name that distinguishes one license from another so that the customer does not fall into suspicion, and the trade name must be related to the type of license or what it indicates.
After completing the previous steps, a suitable place must be found to establish the company. This place must provide the basic business requirements such as electricity, internet, and so on.
W provide a wide range of services to help investors establish their companies and empower them in the UAE market. Here are our most important services:
Itqan is working on establishing companies in Dubai, where its experts clear all transactions and legal procedures
Getting all licenses.
Obtaining all permits and approvals from all concerned authorities.
Doing all procedures necessary to set up a company.
Ofeering existing companies .
Providing offices and work spaces for lease in the best business centers in the region.