When you think of Dubai, the word "cheap" does not come to mind. In fact, it's the opposite. The emirate is known for being larger than life. A sprawling metropolis with supercar-lined streets and skyscrapers stretching as far as the eye can see. And, while that reputation is well-deserved in some ways, Dubai is much more than that.
Small and medium-sized businesses drive the UAE's economy. And for every conglomerate operating out here, there are many more SMEs, many of which started small.
It is not an exaggeration to say that establishing a low-cost business in Dubai is not only possible, but also extremely common. And when you work with the experts at Dhanguard, you can start your company as quickly as you want.
Various Advantages of Starting a Business in Dubai
When attempting to establish a low-cost business in Dubai, you'll want to keep your overheads as low as possible. You can accomplish this by establishing your company in a free zone and working from an in-house coworking facility rather than renting an office space.
The first step in starting a business in Dubai is to contact the Dhanguard team. We can manage the five steps below after a brief, no-obligation consultation.
First and foremost, you must clearly outline your business activities. There are thousands of potential activities to choose from, and it's critical that you include any that you intend to do on your license application.
The next step is to give your company a name. At this point, there are a few things to keep in mind.
To summaries, you should avoid using any offensive or blasphemous language. If you want to name your company after yourself, avoid well-known organizations' names and abbreviations ? for example, Dave Mann Consulting rather than D Mann Consulting. Dhanguard can register your company name on your behalf.
The most important step of all is to apply for your business license. If you are establishing yourself in a free zone, this process can be completed in a matter of days.
Dhanguard can handle this process on your behalf, liaising with the managing authority of your chosen free zone. To avoid delays or the possibility of rejection, we'll double-check your application before submitting it.
To live and work in the UAE, you'll also need a visa. The visa application process ? for you and your employees ? is specific but simple. Once again, Dhanguard can assist you with this step.
You can sponsor others for visas as a holder of a UAE business license. A spouse, parent, or child, or a domestic worker such as a housekeeper, could be considered.
The final requirement for trading in the UAE is a corporate bank account. Unfortunately, the UAE's strict money laundering regulations can make access to corporate banking facilities difficult for foreign entrepreneurs. Working with Dhanguard makes the process go much more smoothly.
We have excellent connections to both local and international banks and can easily connect you with the one that is best suited to your needs.
When applying for a trade license, you will usually be required to provide the following information:
That's the only thing there is to it. As you can see, if you have the right information, keeping costs low when starting a business in Dubai doesn't have to be difficult.
Having said that, it does necessitate some prior knowledge of the process. Furthermore, it is important to note that the application process is only simple if your license application is complete and error-free at the time of submission.
When establishing a new company in the UAE, it's a good idea to work with a Dubai business setup specialist such as Dhanguard to help ensure that this is the case.
We are a group of company registration experts who are dedicated to making the process as simple as possible.
We are a team of company registration professionals who are passionate about making aspiring entrepreneurs' and SMEs' dreams a reality. In short, our experts can form your company on your behalf, apply for licenses and visas, and handle all of the necessary paperwork, freeing you up to focus on running your business.
Dhanguard provides the business setup and company formation services in Dubai, UAE with the guidance of our professional team of consultants. Faster and hassle-free company setup in Mainland and Freezone in UAE.
Dhanguard provides the company formation services in Dubai, UAE with the guidance of our professional team of consultants. Faster and hassle-free offshore company formation services and company formation services in Mainland and Freezone in UAE.
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