Select an Ownership and Economic Zone
Before setting shop in Dubai, you must first select the most appropriate business zone or ownership type for your entity. The city offers various types of economic zones that business individuals can choose from. These offer different perks depending on the type of business. The two primary zones that entrepreneurs work with include:
Mainland- this is ideal for investors who want to run businesses in Dubai mainland. For this, you must first register with the Department of Economic Development a body that is responsible for issuing Dubai business licenses.
Free Zone-the Free Zone in Dubai offers 100% foreign national ownership. These have been set up to attract foreign investment. They have straightforward processes that ease down labour and immigration processes.
Registering the Business
As part of the process for business setup in Dubai, investors must also register their entities. It is the only way to obtain a license that gives them the green light to start operations. This, in a nutshell, involves choosing your business category, checking whether your business activities will match the legal forms, selecting a trade name, and getting approvals from the relevant bodies.
Note that different businesses, usually have different requirements; thus, you must check all necessities for the business you want to run so that you can get the license without too many problems. For instance, some business ventures will require a local sponsor, agent, or partner before you can get the license. After sorting out all the legal procedures. It should not take more than a week to get things running.