All the information you need to get up and runningwith your venture in one of easiest places in the worldto do business in.

The UAE is one of the world’s easiest places to do business in,

according to the World Bank’s Ease of Doing Business report

for 2014. It is also one of the most economically progressive

places to do business in – a large part of the credit for which

goes to Dubai and its rapid growth as a middle-eastern

business hub.

Its growing economy, positioning as a gateway city to West

Asia and Africa, non-restrictive regulatory and taxation

environment, and an ever increasing population of skilled

expats make it a very attractive location for people looking to

start or expand their own ventures.

According to Citibank, Dubai’s gross domestic product is

expected to reach $107.1 billion, posting a growth rate of 6.1

per cent in 2014 and above the government’s estimates of five

per cent.

In Dubai, you have two options to open a business – in one of

the multiple free zones in the country or outside it i.e. in the

Dubai “mainland”. Each option comes its own set of

regulations and norms. Here, we focus on how to open up a

business with a Dubai mainland license.

The first step involves selecting a business activity from the

over 2,000 business activities available in Dubai as per the

Department for Economic Development (DED). If your

business can’t be categorised into one of the available options,

you may contact the DED, which will prescribe a business

activity after understanding your request.

After selecting your business category, you move onto

choosing your company’s legal form – not to be mistaken with

paperwork. There are different types of legal forms or

company structures available such as LLC (Limited Liability

Company) or PSC (Private Shareholding Company), each with

different ownership rules and definitions. The type of legal

form you choose also depends upon your chosen business

activity.

You may apply for a trade name online on the DED website or

go through a local law firm to guide you through the process.

There are strict regulations regarding trade names and failing

to follow them will result in hefty fines. Also, note that

inclusion of certain features such as Gulf or European in your

trade name will require a fee ranging from Dhs1,000 to

Dhs2,000.

An Initial Approval Certificate is a document that says the

Dubai government has no objection to you starting a business

and that you can take the next step to getting a business

license. You may apply for the certificate online or on a visit to

the DED’s centers.

Depending on the legal form of your company, you and your business

partners may need to draft and sign a Memorandum of Association

(MOA). Outside of the free zones, you will have to sign a Local Service

Agent (LSA) agreement with a UAE national, who will represent your

business with regards to licensing and compliance.

For expatriates, the LSA will own 51 per cent of the business. However,

this does not entitle him to 50 per cent of the profits and the details of

profit and loss distribution will be agreed upon in a separate document. His

or her signature will be required on most official forms. You can’t write the

memorandum yourself, you will require the services of a law firm, DED

Legal Affairs or Notary Public to draft it.

All businesses in Dubai must have a physical address. Before

finalising the location of your business, the Dubai

Municipality Planning section has to confirm the property’s

availability and suitability and compliance to public health and

safety requirements. However, you may also choose to locate

your company in an authorised business centre, in which case

you do not need location-related approvals from Dubai

Municipality.

Some business activities require special licensing approvals by

different government departments. For example, if you want to

set up a hospital, it is not enough to get licencing approvals

from the DED alone; you also have to get approvals from the

Dubai Health Authority.

After completing the steps above, you need to submit all the documents to

the DED. Depending on your business activity, the processing of your

business license ranges from one to seven days. These documents are:

Trade Name Certificate

Initial Approval Certificate

Initial Approval Form with required stamps

Ejari registered Tenancy Contract

Approvals on your selected business activity from other government

departments, if applicable

MOA or copy of MOA, attested by UAE Ministry of Foreign Affairs, if

applicable

Local Service Agent agreement if applicable

I hope now you get idea for Business set up in Dubai, If you

start the Business in Dubai then you will Expert Jitendra

Consulting Group, his expert team with good knowledge, you

can call Toll free Number :971 4 3438022

Address :Suite # 3006, 30th Floor, Al Attar Tower(Near

DIFS)

Sheikh Zayed Road, P.O.BOX 43630

Dubai, United Arab Emirates

Fax Number: +971 4 3438033

Site: http://www.jitendragroup.ae/

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