How to Start a Business in Dubai as a Foreigner or Non-Resident?

There are many reasons to start a business in Dubai as a foreigner or non-resident. The city offers a great mix of opportunities for businesses, with its modern infrastructure, tax-free environment, and cosmopolitan population.

However, setting up a business in Dubai is not without its challenges. There are a number of regulations and procedures that must be followed in order to obtain the necessary licenses and approvals.

Starting a business in the UAE is so simple with the right support that non-residents can set up shop and operate from anywhere in the world.

Continue reading to learn how the experts at Dhanguard can get your company up and running – no matter where you are.

Is it possible for a Non-Resident to Start a Business in Dubai?Non-Resident to Start a Business in Dubai

There are many reasons why a non-resident might want to start a business in Dubai the city has a strong economy, favorable tax policies, and an international population. However, there are also some significant challenges for foreign entrepreneurs who wish to set up shop in Dubai.

For starters, there are strict regulations that govern which businesses can be established in the city, and what licenses and approvals are required. Additionally, non-residents must establish a local sponsor in order to register their business, which can add complexity to the process.

However, with the support of experts like those at Dhanguard, it is possible for foreign entrepreneurs to successfully start a business in Dubai even if they are based outside of the UAE.

Different Types Of Business Licences are available in DubaiTypes Of Business Licences are available in Dubai

There are a number of different business licenses available in Dubai, depending on the type and size of the business you wish to start. Some common types of business licenses for foreigners are licenses for the mainland and free zone.

Mainland Business Licence

A mainland business license in Dubai allows the licensee to conduct commercial activities within the city’s borders. Mainland companies are required to have a local sponsor, who will hold a majority stake in the business. The sponsor can be an individual or a corporate entity.

Freezone Business Licence

A free zone business license is required for companies that wish to conduct international business from Dubai, as well as import and export goods. In order to obtain a free zone business license, the company must have an office or warehouse in one of the many free trade zones around the city.

Five steps to Starting a Business as a Foreigner or Non-Resident in DubaiStarting a Business as a Foreigner or Non-Resident in Dubai

1. Collaborate with Dhanguard

The process of starting a business in Dubai can be complex, but with the right support, it is possible for foreign entrepreneurs to successfully launch their companies.

Dhanguard offers a full range of services for businesses looking to set up shop in Dubai, from company formation and business license application to office space solutions and visa processing. Our team of experts can help you navigate the process and ensure that your company is fully compliant with all local regulations and ready to thrive in Dubai’s competitive business environment.

2. Determine your Business Activities

In order to determine which type of business license is right for your company, you will need to carefully consider the activities you wish to undertake. This can include everything from manufacturing and trading products to providing professional services like consulting or engineering.

3. Freezone Or MainlandFreezone Or mainland

Once you have determined your business activities, you can decide whether a free zone or mainland business license is right for your company. If you are looking to conduct international business or ship goods in and out of Dubai, then a free zone license is likely the best option. However, if your business will be based primarily within the city’s borders, then a mainland license may be more suitable.

4. Select a Business Name

The next step is to select a business name for your company. This should be done in consultation with your local sponsor, as they will need to approve the name before it can be registered.

5. Apply for Your Business License

The final step is to apply for your business license. This can be done through the Dubai Chamber of Commerce and Industry and should be done in consultation with your local sponsor.

Setup your Business with DhanguardSetup your Business with Dhanguard

If you are interested in starting a business in Dubai, it is important to work with a professional who can help you determine which business license is right for your needs.

Starting a business is a big undertaking, and there are a lot of moving parts to keep track of. That’s why it’s important to work with a business setup specialist when establishing a new company in the UAE.

At Dhanguard, we’re passionate about helping entrepreneurs and small businesses get off the ground. We’ll handle your license application and take care of all the government formalities, permissions, and work permits. We can also advise you on the best financial institution for your specific needs and help you open corporate bank accounts. When it comes to starting a business in the UAE, let Dhanguard be your guide.

 

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