Basic Steps That You Need To Know Before Setting Up Your Business in UAE

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Basic Steps That You Need To Know Before Setting
Up Your Business in UAE
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An Overview
Business set-up in UAE is fairly easy. In fact,
many companies are jumping at the chance.
Undeniably, the United Arab Emirates or UAE is a
popular choice of business expansion and
investment. So, do you want to set up your
business in UAE? Milestone Project Management
Services is one of the best project management
consultancies that provide intelligent solutions
to help you set up your dream business in the
UAE.
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Lets dive straight into some basic steps that
you should know

• Type of Business
• Ownership
• Local Support
• Share Capital

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Type of Business
Your license depends on the type of your
business. Whether its industrial, professional
or commercial licenses, every license defines the
basis of your business operations. So, your
first step should be getting a relevant license.
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Ownership
According to the law and regulations of UAE, if
you have 100 percent ownership of your company
then you must have a specific location of your
business. Getting a space in free zones can be
a good idea. There are more than 45 free zones in
the UAE. So, you have a lot to choose from.
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Local Support
Local support is crucial to set up your business
successfully in the UAE. In fact, if you want a
DED license then you must have a local partner,
agent or sponsor.
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Share Capital
Usually, minimum share capital is set out in the
Memorandum of Association (MoA). But, in many
cases, you dont even require to pay minimum
capital while setting up your business.
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Thanks
Contact Us 971-55 (554) 0853 info_at_themilestoneuae
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