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Nowadays, Business Setup In Dubai is very simple. In Dubai, the authorities have deliberately tried to create a good environment, regulated without too many restrictions. This can provide good working conditions for entrepreneurs.
Although excise tax and VAT have been implemented. Dubai still has the lowest corporate tax rate in the world and is wealthy. it has enough to have a cheap cost of doing business setup in Dubai
Do you want to Setup your business In Dubai? This is the best idea! The local government is encouraging investment and startups in many ways, therefore this is the right time to get on the board. The Emirates is also comparatively easy for foreigners to do business in UAE. It is easy to set up a company and, coupled with the fact that the government now offers long-term visas for investment, business in the UAE is booming.
The business culture in the UAE is very conservative and hierarchical. However it’s easy to navigate if you know what to expect. Face-to-face communication and interpersonal ties are very appreciated. As a result, anyone who does the right thing can succeed in business in the country. Respect for local customs and culture is important. Business meetings usually start with small talk and personal questions. As a result, it’s important to build strong relationships with your business partners.
If you are planning to do business in the UAE, this guide will give you an insight into the business culture and help you succeed in your ventures.
Starting a business in the UAE is very easy. specifically almost everyone can do it. This is why the government offers many incentives to set up a business there. There are many options for international companies looking to establish business relationships with Dubai.
Business licenses covering all types of business activities;
Professional licenses that include professions, services, craftsmen and artisans;
Industrial licenses for organizing industrial or production activities.
To learn more about the requirements of each business activity and legal form, check the following pages:
Banks and financial institutions from the Central Bank of the UAE;
Insurance companies and related agencies from Insurance Authority;
from the Ministry of Finance and Industry;
Pharmaceutical and medical products from the Ministry of Health;
Contracting and Building Maintenance and some other activities from Municipality
Transportation and vehicle rental activities from Road and Transport Authority
Printing, publishing and advertising activities from National Media Council;
Cargo Clearing, Cargo packaging, Canal dredging contracting and Fishing cages manufacturing activities from Dubai Maritime City;
Travel and tourism activities (now direct approval from DED. No need approval from Department of Tourism and Commerce Marketing DTCM).
Gymnasium Club activity from Dubai Sports Council.
Social Club registration and licensing to be completed from Community Development Authority.
Tents, awnings and Tarpaulin manufacturing from Environment Protection Section of Dubai Municipality.
Only in locations with gas stations may one obtain a license to operate a car wash.This will need an agreement with the said oil company to lease the space at their filling station. Other safety and environmental regulations must be adhered to in accordance with set standards.
Generally speaking, the Dubai Commerce and Industry Chamber requires registration from all commercial and industrial firms operating in Dubai.
Travel agency license as an operator of inbound tourism.
The Travel agency license as an operator of outbound tourism.
That Travel agency license as a travel agent.
For the deposit of inbound tourism at a bank
For deposits into banks related to outbound tourism
These deposits are irrevocable till the license cancelled.
For Travel Agency to be deposited at Department of Tourism & Commerce Marketing. Until the license is cancelled, this deposit is final.
The following documents, along with the deposit, must be presented to the Dubai Department of Tourism and Commerce:
an application form,
copies of the passports of the applicants and manager,
a family record ‘khulasat Al Qid’ and a copy of the identification documents for UAE nationals,
The notarized copy of the manager’s certificate of experience,
the owner and manager’s certificates of good conduct,
There is no objection letter issued by the Civil Aviation Authority.
For Building Contracting Company License, to be extra at the Department of Economic Development when the license issued first time.
One of the first tasks on the entrepreneur’s checklist when starting a business in the UAE concerns licensing Moreover, gaining a clear understanding of the different types of business licenses that are on offer. For General Trading License, to be extra at the Department of Economic Development when the license issued first time.
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