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5 Tips How to Setup Small Business in Dubai

There are many reasons why entrepreneurs from around the world choose to do business in the UAE. The country’s favorable tax regime is a considerable draw, levying zero percent on both personal and corporate incomes. There’s also the UAE’s strategic location at the heart of the Middle East which makes it the perfect hub from which to conduct global trade. Set up in one of the country’s free zones and the advantages keep coming. Here are the six simple steps of opening a business:

1: Decide your business activities

The first step in forming your UAE business is to decide on your business activities. There are thousands of potential activities to choose from and it’s vital that you list any you intend to carry out on your license application.

2: Choose a company name

With your business activities outlined, choose your company name. There are a few things to keep in mind when naming a business in the UAE. Here you must abide by a strict, yet easy to follow, set of naming conventions. 

3: Choose a setup – free zone or mainland?

The final step before making your license application is to decide whether you wish to establish your business in a freezone or on the mainland. There are many advantages to both. Freezones have advantages such as quick and easy incorporation process, ongoing business support, and financial incentives such as tax exemptions and zero currency restrictions. Mainland business, on the other hand, allows you to trade directly with the UAE market and take on potentially lucrative government contracts.

4: Applying for your business license

One of the most important requirements to start a small business is of course a business license. Obtaining a license for a small business is a simple process for both free zone and mainland companies. The requirements to start a small business in the mainland is, apply for your license directly to the Department of Economic Development or the Municipality in the Emirate in which you are setting up. For Business in a freezone, you’ll need to apply directly to the relevant governing authority. Freezone licenses can often be granted in a matter of days depending on the nature of your business and the license required. 

5: Applying for visas

Another one of the key requirements to start a small business is a UAE visa. The process for applying for your own visa, as well as those of your employees, in particular, yet straightforward. As the holder of a UAE business license, you can also sponsor others for their visas too.

6: Opening a corporate bank account

Company formation experts have great links to both local and international banks and can easily put you in touch with the one best suited to your needs – even arranging face-to-face meetings if necessary.

If you want to setup a new business, Reach us at www.youfirstme.com

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What are the factors to consider while starting different types of businesses?

Dubai is considered one of the most lucrative places in the world to start with your own business. All thanks to the efforts by the Government of Dubai. The Government has allowed the companies to be set up in both the Free Trade Zones and mainland Dubai. It has become now easy and quick to establish your own business in the land of Gold!

In this blog let us consider the various aspects that we will need to begin a start-up in Dubai. One could think about starting with any kind of start-up model or implement any kind of start-up strategies as long as they are compliant with the regulations mandated by the Government of Dubai. 

What are the factors to be considered before the company set up in Dubai?

  1. First and foremost think about selecting the kind of activity that you would like to set up in Dubai. This decision will have a bearing on the future of the business that you run in Dubai. Also, this could guide you towards the kind of business license that you would need to setup a company in Dubai.
  2. You could either set up your business in Dubai mainland or the Free Zone. However, setting up your business in the free zone comes with a host of benefits and the process is quite quick and simple. In this regard, you are expected to locate your Free Zone that would serve the purpose of your business and your long-term vision.
  3. After this go about selecting the kind of business structure that you would want to have. Select the very legal base or structure of your company Each of the business structures that you consider could have their own pros and cons hence select intelligently!
  4. Prepare all the documents and avail all the right licenses required for you to start with your business in the land of Gild!

 We know we dream of owning a business overseas, and Dubai presents the perfect opportunity to do so. And that too absolutely hassle-free. You can get in touch with You First the company setup consultants in Dubai. If you are seriously considering setting up a company in Dubai they should be able to guide you step by step.

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Significance of PRO in YouFirst

What are “PRO” services in UAE

In the UAE almost every company would need the assistance of a Government Liason Officer also known as a Public Relation Officer or PRO. The PRO services refer to all the services pertaining to reviewing and processing Government Documents. YouFirst is a pioneer in business services and government support service providers in the UAE. They offer PRO services that are accurate, reliable, and cost-effective. They can take care of all your Legal requirements in UAE and be your Corporate PRO Service Providers in Dubai

What are the Common PRO services?

PRO partners can function as Government Liasion Officers for companies in UAE and for their employees. The most common of the PRO services that they provide are:

  • Employee Visa
  • Resident Visa
  • Immigration and Labour Cards
  • Investor Visas
  • Family Visas
  • Security and Offshore passes
  • Company Formation
  • Branch Office formation
  • NOC letters
  • Regulatory Approvals
  • Notarization of Legal documents

Why do you need PRO services?

The most important reason could be that many of the servicers that PRO provides are legal requirements under the government of UAE. To ensure that they are being followed accurately and in a timely manner, expert guidance from PRO will go a long way in running an efficient business. They also reduce the risk of any fines and other ill bearings on the Companies. Other than the unfavorable impact on the business non-compliance could also lead to unfavorable circumstances outside the business.

Hence availing of the services of experienced and professional PRO Service providers will ensure a seamless and hassle-free residency in the UAE. The PRO Services offered by YouFirst, have a personalized approach to your very unique requirements. We have a dedicated and tailor-made approach as per the needs of your businesses.

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How to Expand your Business in Dubai

An outreaching business is a sign of a healthy business. Developing more and more activities on the business front makes your business grow at a pace that you would want to. When a commercial business runs at a reasonable speed on the home front, the next logical step is expanding by multiplying the branch offices. A branch office alludes to a subsidiary of a foreign-based Organization.

Why open a Branch office In Dubai?

There are massive benefits of formulating and expanding your business in Dubai. Being able to trade in the UAE market by creating a branch office will speak volumes about the successful venture you have been associated with.

Here are some of the perks that you would be pleased to consider

  • Zero Corporate Tax
  • A cost-efficient business proposition
  • A global company can own 100% of its shares in the branch office

Things to keep in mind

  1. Types of Branch Offices in Dubai
  • Free Zone Branch Office will have different rules and laws than the ones in Dubai Mainland
  • Dubai Mainland Offices subjected to a whole different set of laws and systems

Article (313) of the Companies Law requires a foreign business to conduct its principal operation in the UAE by starting a branch or a representative office.

2. How to Set up a Branch office in Dubai?

  • Identify and collaborate with the local agents who are members of a company wholly owned by UAE nationals
  • Register the name for your business.
  • Apply to a ministry of economics with requisite details
  • Receive a Trade License
  • Register your company and allied services

Ensure that you have all the documents required to set up a Branch Office in Dubai, like the certificate of Incorporation, Memorandum of Association, Article of Association, and the likes as mandated by the Government time and again. 

YouFirst – the business setup company in UAE is one of the most acclaimed company formation consultants in UAE. We have years of experience and collaborations with Government agencies that allow us to end business solutions for international businesses. 

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Five Benefits of Hiring Business Setup Consultants in UAE

Dubai’s policies and market invite businessmen from all over the world because of its exponential growth opportunities and tax laws. There is a good scope for all sorts of companies whether it’s offshore, mainland, freezone or e-commerce; every type of business has its distinct advantages and guidelines set by the authorities paving the way for businessmen to optimally and strategically utilize it and succeed. Company formation in the UAE demands an extensive research of the market and the clarity of its regulations for which you might require an assistance of a business setup company in UAE so you can smoothly conduct your operations. Five benefits of hiring a business setup consultant in the UAE are discussed in this blog briefly. 

  1.   Legal Formalities 

The registration of the company is an elaborate process for which you need to be crystal clear about each step and formality. A business setup company in UAE will put on the table all the risks involved and alternate options for you to make the correct decision. 

  1.   Ideal Jurisdiction 

This entirely depends on the type of business you are planning to run. A business setup company in UAE will recognize your concept and put it under a category and find the ideal jurisdiction area in coordination with the DED. 

  1.   Competitive Research 

    A business setup company in UAE will do extensive research and guide you in the right direction to avoid the risks and face your competitors tactically.

  1.   Business Costing 

They can analyze the expenditure that is to be done and allocate your funds properly. Besides the standard registration cost, they will make you aware of the discounts, packages and offers and cost-effective solutions. 

  1.   Ensure smooth processes

YouFirst- The Business Setup Company is thorough with all the aspects of a business as they have a specialist to guide you in every aspect. It ensures smooth processes of your business so that you can focus on other operational activities.