Steps To Setting Up A New Business In The UAE - Reach2World

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Setting Up A New Business In The UAE, Who Will
Help With This?
Want to set up business in the hub region of the
Middle East and North Africa. Dubai, the city of
well-known trades helps in boosting the business
and helps them in succeeding. If you are looking
for a business setup in UAE, luckily the steps
are very simple. And the reality is the GDP of
Dubai is increasing year by year which is also
one of the reasons new entrepreneurs want to set
up their businesses in UAE. WHERE TO SET UP? The
first question that arises in your mind will be
which area to select for setting up the
business. Free zone or offshore, both have their
own advantages. The Free zone was introduced by
the government of Dubai to give rise to the
interest of people over the world in setting up
a business in UAE. This is considered to be the
economic area for business owners with 0
taxation sake. One thing to remember here is that
if you want to set up your company in any of the
free zones then you will not be able to trade
with the local market of Dubai. Offshore
companies also have the same benefits as free
zones. These companies can make trade outside
UAE but not inside. It will strict the ownership
of your company to 49.
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• STEPS TO SET UP BUSINESS
• Find Business Type
• The first step to setting up a business is
  getting a license and regulating the nature of
  your business. There is a list of the type of
  businesses which is available on the DED website.
• Decide The Area
• Decide and discover the area you want to set up
  the business either free zone area or offshore.
  Starting a business in Dubai free zone will
  increase the chances of growth. Also, there are
  a total 30 number of free zones in Dubai you can
  decide the area according to the type of your
  business.
• Choose Company Name
• Choosing the name of your company, you must go
  through the UAE conventions of strict naming.
  You can choose and decide the name according to
  the convention.
• Apply For Approval
• After completing the above steps, you must set
  the seal on from the UAE Government. If they
  verify the documents and allow you to set up the
  business in UAE, you are good to go with further
  steps
• Open A Corporate Bank Account
• After the verification of the government, you
  must open an account in any bank in UAE. This
  will ease the transaction process.
• Set Up Location
• You must have the physical pace of office in UAE.
  There are wide ranges of places available for
  offices. So you need not worry about this.
• Apply For Final Approval
• After completing the above steps, you shall go
  for final approval from Dubai's government for
  licensing of your business. Things required in
  this process are
• First Approval Receipt by the Government
• Lease Contract.

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• Attested Service Agent Contract.
• These are the steps you need to go through if you
  want to set up a business in UAE. Entrepreneurs
  will need a minimum investment to start business
  in Dubai, as it is the most developed country in
  the Middle East which also ensures the growth of
  your business. It looks like a long process but
  it will only take a few weeks and then you are
  all ready to start your business in the pivot
  region. Also, Dubai Company setup packages are
  very less in number but the profit you will make
  will be on the top. Reach2World is your go-to
  choice when you are looking for business setup
  consultants in Abu Dhabi.
• Source Link
• https//www.reach2world.com/setting-up-a-new-busin
  ess/