Tips To Start A Business In Dubai Without Money

how to start a business in dubai without money

Dubai is one of the most welcoming places on earth for entrepreneurs from all over the world. Recognizing the need to encourage entrepreneurship, Dubai makes it easier than ever for business owners to run their businesses in their city by offering them total ownership of their companies’ subsidiaries and offices with 100% corporate tax exemption and a relaxed visa regime that allows foreign businesspeople to open branches of their company and stay in the UAE for as long as they like.

Let’s start to discuss about how to start a business in Dubai as a foreigner.

Can a foreigner start a business in Dubai?

It’s possible for foreigners to start businesses here. Of the 2.88 million population, there are a lot of people who are in business! The government is helpful and wants many people to start a business here.

Here are some steps how to start a business in Dubai as a foreigner:

Choose your business activities

A little bit of extra overhead is required when setting up your UAE business, mainly if you are a foreigner. The type of business activities that you intend to carry out will have an impact on which business license works best for your company and its staff. For example, if you want to start a manufacturing or industrial service venture, you will need an industrial license. If, however, you’re looking to launch some retail furniture venture that wholesales furniture across the Emirates, then all that’s necessary is a commercial license.

Choose place Free zone or mainland

After a brief consultation, the consultant gave you an idea of the type of business you could focus on. The choice wasn’t easy to make and definitely worth considering. No matter what business you are planning, mainland or free zone is not always your only option and starting a new company will take careful planning before deciding what path to take.

Choose a company name

Naming your business in Dubai is a little different to other places you may have lived or have heard of. There are many things to consider that some don’t know about, so let’s list them so; if you’re thinking of opening up a business in the Emirates, you’ll be sure to apply these naming conventions.

If you want to name your business after yourself, be mindful of the first and last name order. So, for example, if your full name were John Peter Davies, it would be appropriate to write it as JPD Consultancy or getregisteredtoday.com instead of Davies Consulting or Get Registered Today.

Apply for your license

Now for the crucial step – applying for all your official paperwork.

The process for applying for a trade license differs between Dubai and other countries of the UAE, but generally, the same steps are taken. First, you need to look into your business type, budget, local laws, and regulations. Then you need to find the best location for your business and list your contact details. After that, once you have chosen suppliers for services like telecommunications and electricity, make sure you choose a company with an impeccable track record in providing those services.

There are many to choose from, though! Once all this is complete, apply for your trade license making sure your business is ready to jump through any hoops required or risk losing out on entering Dubai’s free zones or even the country as a whole.

Documents required to start a business in Dubai

Setting up a business in free zone or the mainland, you will usually need to provide:

  • Should have signed and completed application forms.
  • Articles of incorporation (if necessary) copies of passports belonging to each shareholder and brief descriptions of intended business activities.

Conclusion

Dubai is an attractive spot for entrepreneurs from all over the world. However, the ease of doing business in Dubai doesn’t mean that starting a new business is easy. A new business setup in Dubai can be easy if you help it by not making any mistakes because they will only make things more complicated. That’s why we suggest calling on company incorporation professionals who have gone through this process many times before and know how to avoid potential bumps in the road rather than just skidding and getting worse off for it as a result.

Here we briefly discuss some step about how to start a business in Dubai as a foreigner.

If you have any queries or questions, feel free to contact us. We’ll try our best to cover your queries.