All the information you need to get up and running

with your venture in one of easiest places in the world

to do business in.

The UAE is one of the worlds easiest places to do business in,

according to the World Banks 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, Dubais gross domestic product is

expected to reach $107.1 billion, posting a growth rate of 6.1
per cent in 2014 and above the governments 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 cant 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 companys 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 DEDs 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 cant 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 propertys
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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