Dubai Business Setup

How Can I Start My Own Business in Dubai?

Dubai Business Setup: How to Register Your Business

Dubai, a thriving business hub in the Middle East, offers a fertile ground for entrepreneurs and investors. Starting your own business in Dubai involves a series of steps that ensure your venture complies with local regulations and market standards.

1. Choose Your Business Activity:

Dubai offers a wide range of business activities. Select one that aligns with your expertise and market demand.

2. Decide on the Company Structure:

Choose between a mainland or a free zone company. Each has its benefits, depending on your business needs.

3. Register a Trade Name:

Your trade name should reflect the nature of your business and must be approved by the Department of Economic Development (DED) in Dubai.

4. Apply for a Business License:

Depending on your business activity, apply for the relevant license – commercial, professional, or industrial.

5. Choose an Office Location:

Select a physical office space or a virtual office, as per the requirements of your business license.

6. Obtain Approvals and Register Your Business:

Secure approvals from relevant government authorities and register your business with the DED.

7. Open a Corporate Bank Account:

Once your business is registered, open a corporate bank account to manage your financial transactions.

How Much Does It Cost to Set Up a Business in Dubai?

Business Licensing Costs in Dubai

The cost of setting up a business in Dubai varies based on several factors, including the type of business, location, and the nature of the license required. On average, the cost can range from AED 15,000 to AED 50,000. This estimation includes:

License Fees: Depending on the type of business and license.
Office Space Rent: Costs vary based on location and size.
Government Fees: For registration, documentation, and approvals.
Miscellaneous Expenses: Such as legal, consultancy, and administrative fees.

Can a Foreigner Set Up a Business in Dubai?

Yes, foreigners can set up a business in Dubai. The city offers a conducive environment for foreign investment with options like free zones and mainland where one can own 100% of the company. In mainland Dubai, business; however, certain sectors allow 100% foreign ownership.

Get in Touch for Dubai Business Setup

Are you planning to set up a business in Dubai? Our team of experts is ready to assist you with every step of your business journey. Reach out to us at our conveniently located offices for personalized guidance and professional services.

Mobile : +971545820984

office no : +97143300011

Email: info@uaeadc.com

Steps for Foreigners to Set Up a Business in Dubai:

Identify the Business Activity: Choose a business activity permitted for foreign investors.
Select the Right Jurisdiction: Decide between mainland and free zone based on your business needs.
Fulfill Legal Requirements: Comply with the legal and administrative requirements, including visa processing.
Understand Cultural and Market Dynamics: Being aware of local business practices and market trends is crucial for success.

Setting up a business in Dubai as a foreigner is straightforward with the right guidance and understanding of the local business landscape. With its strategic location, state-of-the-art infrastructure, and investor-friendly policies, Dubai continues to be an attractive destination for business setup in 2024.