Must know points before starting a company in Dubai

1
Must know points before starting a company in
Dubai
2
Introduction

• UAE is set to become the hub of economic growth
  in the Middle East considering the rate at which
  new businesses are coming up and growing in the
  city. It is not just businesses from within the
  country, but even those from outside are getting
  attracted to start their venture in UAE. If you
  have plans of company formation in UAE, then the
  process is simple and quick with good incentives
  in UAEs free zones, which is useful if you are a
  foreign entrepreneur. However, lets look at a
  few points to know before you start your new
  company in Dubai.

3
Choosing a business stream

• This is important because free zones only allow
  certain types of businesses, such as media,
  medical or transport. Choose a free zone with
  good transport links, such as an airport or a
  port, if you are into import export. You dont
  have to pigeonhole your business though, because
  you can have multiple businesses under the same
  license.

4
Choosing an appropriate company name

• Make sure you conform to UAEs strict naming
  conventions. Names having religious references or
  offensive language are forbidden. If you name
  your business after a person, that person must be
  one of the owners or partners of the company. It
  is ideal to take expert advice from consultants
  specializing in business setup in UAE LLC to save
  you time and trouble.

5
Complete required paperwork

• Again, the expert consultants can help you with
  getting all the documentation in place. You will
  need to have your passports, business plan and
  Non-Objection Certificate ready when asked for by
  government authorities.

6
Ensure to receive your license

• Dont start your business without receiving your
  company license, which is the approval from the
  government giving you the go ahead to start your
  business upon processing of your application.

7
Opening a bank account

• The business consultants can assist you with
  opening a corporate bank account upon receiving
  your license. There are both local
  internationally well-known banks.

8
Visa processing

• With expert advise, you can apply for your visa
  and your dependents visas, depending on the free
  zone of your business. There are some entry
  criteria, medical fitness tests that must be met.
  

9
Conclusion

• The above steps summarizes the process of setting
  up your venture in the free zone you choose. With
  the right support of a proficient business
  consultancy UAE, the entire procedure should not
  take more than a week for completion.

10
Contact details