If you’re thinking to set up business in Dubai, it’s a great idea and a valuable investment. Initially, setting a business whether you’re experienced or a fresher requires a lot of patience and dedication.
Dubai is already one of the leading cities that provide a number of trade-free zones and mainland opportunities to business startups and for people with business minds.
Whether you’re looking for Fujairah free zone company setup or any other city in the UAE, you need to know about some important things before establishing your own business in the UAE or in Dubai.
That’s why we have taken this opportunity to tell you about 5 things to know to start your own business in Dubai. See here.
1. Request for a NOC
If you’re already an employee working in Dubai, you’ll need to obtain a NOC by filing a request through the Dubai Trade Portal and paying an issuance fee. Even if you fail to obtain a NOC, you can still apply for free zones that don’t require a NOC.
If you’re a freelancer, you don’t need to obtain a NOC. There are many freelancers who get the approval from the Department of Economic Development (DED) or from other free zones to set up their business and then sponsor their dependents.
2. Residence Visa in Dubai
You can easily avail a residence visa in Dubai by setting up your own business. For this purpose, you can hire business consultants who will assist you throughout the process of handling visa applications to the establishment of your business.
3. Free Zones in Dubai
There are many free zones in Dubai that offer entrepreneurs the chance to set up their own businesses even if they are outside the city or the country with minimal or no taxation. They are specially designed to boost economic activity and foreign investment in the city.
Location is an essential step for your business image. Make sure you choose a location aligns with your business needs and trade requirements.
5. Hire a business advisory
It’s best if you hire a business advisory that helps you in starting up your own business. They will even assist you in the visa process, opening up a bank account, and other services so you could focus on other priority business tasks while saving your money and time.