Hello! Have you contemplated doing business or are you a business owner in UAE? Are foreign investors welcome? How hard is it to register and manage a company? What is the procedure to get started? Is it easy to recruit? What are the corporate tax rates in UAE? What advice would you give to other prospective business owners? What do you wish you had known before opening a business in UAE? Thank you very much for your participation! Your advice can help other members get started.
Many companies are there for helping individuals to setup a company. Those consulting firms manages everything like registration, license, visa, company management etc
Dubai has emerged as one of the strongest financial hubs of the world. The economic stability offered has made it a preferred market to enter for foreign investors. Even though Dubai is in the Middle East, 96% of its revenue is generated from non-oil related businesses – this just goes on to show the diversity in Dubai. That is not the only advantage though; there are more advantages. I would suggest you to contact Flying Colour https://www.flyingcolour.net/ as they are the ultimate business consultants offers business setup services to entrepreneurs looking to start business in Dubai and all over UAE.
Planning to start business in Dubai? Check the employment laws and taxation procedures involved to get your business started. First things first: do some market research, either with an official market study or some personal legwork and investigation, and be aware of the business climate. Bankruptcy laws are not as defined as in other countries and mismanagement of funds could result in harsh repercussions, including deportation or even jail time. Although there is no minimum capital requirement to start a business – unless you opt for a general trading licence, in which case the capital requirement is Dhs.300,000 – there are rules to adhere to. Alternatively you could set up in a free zone, where full private foreign ownership is permitted. The licensing process for opening a business in a free zone is more streamlined and you can get assistance from the free zone organisation. Employment in the UAE is governed by the federal UAE Labour Law, which imposes certain minimum standards on working hours, vacation and public holidays, sick leave, maternity leave, and termination of employment. Most free zones have their own employment laws, which often take precedence over the federal employment laws. Embassies or consulates can also be a good business resource and may be able to offer contact lists for the UAE and the country of representation. For further information, refer to Explorer’s Working In The Gulf, the Dubai Commercial Directory or the Hawk Business Pages.