With Dubai emerging ad a global business hub, more and more companies of all sizes are interested in establishing their presence in this outstanding emirate. A major reason behind this rise in interest is that Dubai welcomes countless tourists from all over the world on a yearly basis. This makes it possible for businesses to gain recognition and fame amongst customers and clients from different parts of the world.
However, an LLC company formation in Dubai is not as easy as you might think. This particularly holds true for businesses that are interested in establishing themselves in the main land or in the city center. There are a number of rules and regulations that need to be given due attention if this is what you are interested in. Now that you have made up your mind to setup your business in Dubai, here is a look into what you need to do to get started:
Sort out your visa and license
Irrespective of whether you want to set up your business in mainland Dubai or are interested in a company formation in Jebel Ali freezone, you will obviously have to get yourself a visa first. For business purposes, you will obviously need to get yourself a business visa. Once that is sorted out, figure out where you wish to establish your business. In any case, it will be necessary for you to acquire the right license from the Dubai Economic Development department. While the rules are strict, you can be assured that your license application process will be easy and smooth as long as you fulfill all the requirements and submit the necessary documents.
Find a sponsor
This applies on businesses that are to be established in the mainland Dubai. To start off, it is imperative that you find a sponsor for your business. The criterion for a sponsor is that he should be a local native Arab who will take complete responsibility of your business. While this may seem extremely simple at first, you might not be as interested once you get to know the catch. The catch is that the sponsor will own 51% of your business without even investing a penny.
Once you have found yourself a sponsor, you are all set to establish your business. Look for an office to rent and sort out your bank account and you are ready to start marketing your products and services.