Starting a business in the United Arab Emirates (UAE) can be an exciting venture. With its strategic location, thriving economy, and business-friendly environment, the UAE has become a magnet for entrepreneurs and investors worldwide. However, navigating the business setup process can seem daunting at first. In this blog post, we will guide you through ten simple steps to successfully complete your business setup in the UAE.
UAE Emerges As One of the Most Startup Friendly States Today
An investor can submit an online application and can complete a business registration in UAE within 15 minutes. Starting any business in any other country requires a series of steps, procedures and approvals from the Economic Department and other government entities.
Whereas, completing a business setup in the UAE is very easy. This claim is validated by the fact that many multinational companies are queueing for their chance to set up their businesses in the UAE.
Starting a Business Online
The UAE government has introduced the Bashr service to start a business. Bashr is an integrated e-service, which enables investors to establish their businesses in a span of 15 minutes through a unified online platform. This platform is connected with all the federal and local government entities, which provides commercial license services.
Abu Dhabi Business Centre gives the investors an instant license service to start their businesses online and get a commercial license without the need to visit the service centre.
Dubai Economy along with other Dubai government entities launched the Dubai Virtual Commercial City program (DVCC), which will enable entrepreneurs and freelancers across the world to complete a Business Setup in UAE, even if they do not live in the UAE.
10 Simple Steps To Complete Your Business Setup In UAE
If anyone wants to initiate a Business Setup in UAE, then it involves a series of steps and processes that are mentioned below:
- Identifying the business activity.
- Selecting an appropriate legal form.
- Registering the trade name.
- Applying for an initial approval.
- Drafting a Memorandum of Association & Local service agent agreement.
- Select a business location.
- Get additional government approvals.
- Submit documents and pay fees.
- Plan your investments.
- Choose a good accounting system.
If you require help or assistance with the above steps and processes, then you can get all the essential assistance and guidance from MarkAi Corporate Services.
To conclude we can see that these business specialist companies have different affordable business startup strategies that can help you to execute your plans without putting a hole in your pocket. There are many types of company models available with them & they can help you to move out of your confusion.
All the best for a successful business venture!
