UAE has always allured foreign investors to establish a business in this country in each of the 7 emirates. The tax free trading and many other business advantages offered here continues to draw the attention of many entrepreneurs seeking for business opportunities. But because starting a venture is always risky, you must take professional advice on setting up your business, especially if it is your first time. You must hire the advisory services of Adam Global) in order to get a specific guidance about starting a business in Dubai.
Before you actually get your business established in UAE, there are several important things that you must know and consider. According to the experts of Adam Global some of the crucial points to consider, includes:
· Select your business type: the type of business as well as the products and services that your venture will be offering should be carefully determined beforehand this will help in selecting the location, and all kinds of legal documents required to establish your venture in UAE.
· Complete all the legal formalities: whether you are a 100% owner of the company or have a startup with multiple partners, one thing to remember is you would need to submit all the legal documents in English as well as in Arabic language. Some of the must to be submitted documents include, yours and your partner’s (if any) details, UAE id of the local sponsor, and all of these documents are needed to be signed by a notary for validation of the copies.
· Choose a location: where exactly will your business set up – is a thing that should be essentially known before you move further with your business establishment. You must look for an appropriate free zone in UAE, in case you want a complete ownership of the company. Or you must seek for a UAE national who shall be 51% partner of your business in the cities outside of the free zones.
· Grab a license: you must apply for a business license, in which you are required to tell about the objectives of your business and also where do you seek to establish it and other such details to the concerned authorities. The Department of Economic Development, the Immigration Department and the Ministry of Labor of the UAE have to go through the documents and clear them so that you get the license.