From Employee to Entrepreneur: Start Your Business in the UAE
Dubai’s globalized economy is the power house of entrepreneurs for matching the connectivity with the international market hub. With the business friendly environment, Dubai is a perfect place to start a business with the help of best business setup consultants in UAE. This place serves as a thriving hub for the finances, trade and innovation for the startups and the enterprises seeking scale globally.
Benefits of Starting a Business in the UAE
The benefits of starting a new business setup in Dubai Includes:
Quick Business Setup
The government of UAE always supports the new entrepreneurs with the streamlined process to register their business, licensing and application of Visa especially with in the free zones.
Tax Advantages
The UAE government offers a zero corporate and personal policy for most business activities and business in Dubai’s free zones are completely exempted from import or export duties, 100% profit repatriation and also zero corporate tax for the fixed period of 50 years. UAE maintains the minimal value added tax of 5% by ensuring minimal impact on the cost of doing the business in the UAE.
Strategic Location
UAE is a global hub to access the market of Middle East, Africa, Asia and Europe. It is also been considered as a gateway for the international trade and offers excellent connectivity through air, sea and land transport.
Top-notch Infrastructure
The robust infrastructure of UAE fosters efficiency, growth and global connectivity of the entrepreneurs. With the world class transportation networks, modern logistics facility and cutting edge technology UAE offers the top-notch infrastructure to start a business.
Guide to Start your Business in the UAE
Business setup services and consultants in UAE always offers perfect guidelines for the passionate people who want to start their business journey in UAE.
Acknowledge the Market
For starting your business journey as an entrepreneur in UAE you must research your target industry first. For this you can take the guidance from The First Check Consultants as the management consulting company in Dubai. They will help you to identify your competition prevailing in the market and also guide you in analyzing various opportunities in assessing your business venture.
Select the Business Structure and Location
With the guidance of business consulting firms in Dubai select the structure of the business by deciding the ideal business structure for your business. Select free zone for 100% ownership and tax exemptions and mainland for ideal businesses targeting the local UAE market with high customer accessibility and good infrastructure.. Offshore market is ideal for international trade with no physical presence in the UAE.
License Compliance and Register Business
As per your business structure select the appropriate license as commercial license for trading and general business, professional license for the service – oriented business and industrial license for the manufacturing and the industrial business. Also submit the required documents for the registration of the business to the Department of Economic Development. Business setup services and consultants in UAE has the expertise to deal for the same from government authorities.
Open Corporate Bank Account
Choose a UAE based bank to open a business account and the documents required for it includes:
- Business plan
- Trade license
- Shareholder and the company documents
Regulatory Compliance
Ensure the proper compliance with Tax regulations, UAE labor laws and industry specific requirements.Along with this you can also leverage online platform and local media for visibility and attend business events to connect with the minded entrepreneurs.
Wrap-up
The First Check Consultants are the best business setup consultants in UAE who will help you to navigate the transition from employee to entrepreneur in UAE.
