10 Things You Should Know about Starting a Business in Dubai

HLB HAMT

HLB HAMT - Accounting Firm in UAE

Phone:- +971 4 327 7775
Mobile:- +971 55 160 1291
WhatsApp:- +971 56 219 1607
Email:- dubai@hlbhamt.com

    Get Free Consultation




    When it comes to business you need to make sure that you have the right location. Dubai has gradually managed to free its economy and provide more option to the services industry and companies rather than being dependent on oil industry. Today, Dubai is attracting not only real estate owners, but business owners from around the world to have their corporate branches in Dubai that allows them to handle their business in the Middle East efficiently. However, starting a business in Dubai is by no means an easy task and there are certain things that you need to keep in mind before you start your business in Dubai.

    1. Selecting the Right Location

    The most important thing that you have to keep in mind is the location of your business in Dubai. When you are setting up profit-based enterprise in Dubai you need to ensure that you have an office close to your customers and clients that can help you reach them easily and similarly also allow your customers reach your office whenever they want. You can research and find out about the best locations that you can find for your business in Dubai.

    2. Get Your Business Visas

    It is very important that you have the right business visa that allows you to handle and start your business in Dubai. Hence, you will have to make sure that all your visa related papers are completed that can allow you to start your business smoothly without any interruptions.

    3. Find a Right Business Consultant

    If you are new to Dubai you will need a business consultant that can guide you in the right direction whenever you are lost. Hiring a business advisory firm can offer you better support while registering your business startup in Dubai.

    4. Register Your Business Legally

    Whether you are taking help of business consultant or not, you have to ensure that you register your business startup in a legal way to avoid unnecessary penalties and legal issues later on. You have to be clear about documentation that is required and speak to government authorities if you have cleared all the registering procedures.

    5. Keep Your Finances Ready

    When you are setting up business in Dubai you also have to keep your finances ready because there are not many banks that can provide you with the financial support that you need, at least initially.

    6. Select Free Zone for 100% Ownership

    If you want to start a business with 100% ownership you will need to look out for Dubai Free Zone location that can help you to start your business without taking a local UAE national acting as your partner. While Dubai Free Zone offers 100% ownership, speedy startup and Duty Free customs boundary the real estate prices here are high. You can look out for firms that offer Free Zone Business setup services to you.

    7. Find a Local Sponsor

    If you are not willing to pay more for your business location you will need to search a local sponsor who should be a UAE national and must have 51% partnership in the company.

    8. Make a Legal Written Sponsor Agreement

    When you have found a legal sponsor for your business startup make sure that you go ahead with legal written agreement for security reasons.

    9. Open a Local Bank Account

    It is always recommended that you also open up your business bank account in Dubai based on the reputation, features and the charges that you will have to pay for the banking services.

    10. Choose Your License Category Wisely

    When you register your business in Dubai you have to make sure that you choose your license category wisely that can allow your business to do handle more activities.

     

    Would you like to rate us on Google?         

     

    Varun R Chandra
    Varun R Chandra
    07:38 25 Apr 21
    HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
    Giuseppe Assi
    Giuseppe Assi
    06:20 31 Jan 21
    I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
    Mohamed Sheriff
    Mohamed Sheriff
    16:16 28 Jun 20
    Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
    218141 JOSEPH THOMAS
    218141 JOSEPH THOMAS
    16:20 23 Jun 20
    Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
    PMI
    PMI
    07:14 23 Jun 20
    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
    RAVI CHOKSI
    RAVI CHOKSI
    08:28 21 Jun 20
    Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
    Maharajan Subramaniam
    Maharajan Subramaniam
    18:17 06 Jun 20
    High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
    Mohammed L
    Mohammed L
    08:07 05 Jun 20
    We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
    ROY ROSHAN VIVIAN
    ROY ROSHAN VIVIAN
    06:32 04 Jun 20
    Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
    Basil Daniells
    Basil Daniells
    05:55 03 Jun 20
    I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
    Amar Kashyap
    Amar Kashyap
    19:28 02 Jun 20
    Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
    Radz de Jesus
    Radz de Jesus
    16:03 02 Jun 20
    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
    Next Reviews
    js_loader

    Get in touch

    Whatever your question our team will point you in the right direction

    Start the conversation
    Get in touch
    x
    x

    Share to:

    Copy link:

    Copied to clipboard Copy