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FREQUENTLY ASKED QUESTIONS
In Dubai, there are three main types of business licenses that you can apply for depending on the nature of your business activities:
- Commercial License: This is for businesses engaged in trading activities. It covers a broad range of activities from retail to transportation services.
- Professional License: This is typically for individuals offering their expertise or services. It covers consultancies, accounting firms, and architectural firms among others.
- Industrial License: This license is for businesses that focus on manufacturing or industrial activities, usually involving transforming natural resources or materials into end products.
Each license type is governed by the DED in Dubai. It’s important to define your business activities accurately as each license allows up to ten activities. For businesses in specific Free Zones or looking to operate offshore, there may be different license types and requirements.
From a high level, to start a business in Dubai, you’ll want to follow these steps:
- Business Idea: Define your business idea and target market.
- Business Plan: Draft a comprehensive plan detailing objectives, market analysis, and financial projections.
- Legal Structure: Decide between Free Zone, Mainland, or Offshore company structures.
- Trade Name: Pick a name compliant with the Department of Economic Development (DED) regulations.
- Business License: Depending on your activities, apply for a commercial, professional, or industrial license.
- Documentation: Submit required documents like passport, visa, and a No Objection Certificate (for expats) to the relevant authorities.
- Office Space: Secure a physical address, essential for registration.
- Corporate Bank Account: After getting your license, choose a bank that aligns with your business needs and open an account.
- Visas: If hiring, process employee visas. The number is often determined by office size and license type.
- Operational Setup: With administrative tasks done, set up operations and embark on your business journey.
Note: Requirements might vary based on your specific new business setup, so make sure you thoroughly research the next steps for your chosen structure.
It depends on the type of business you’re setting up. If you’re establishing a Mainland company, you’ll need a physical office space as per the regulations of the DED. However, if you’re setting up a free zone company, many free zones allow for flexi-desk options, which is a more cost-efficient alternative to a full-time office space. Alternatively, there’s the option of a virtual office. A virtual office in Dubai allows entrepreneurs to conduct business without needing physical premises
Yes, you can own 100% of your business in Dubai. In the past, only Free Zones have allowed 100% foreign ownership of businesses in Dubai. However, with a recent amendment, now foreigners can 100% own an LLC business in Dubai Mainland, too. For more information on this topic, you can contact us
The Golden Visa in the UAE is a long-term residency program designed primarily for investors, entrepreneurs, and other high-skilled professionals. Unlike regular visas, which are typically valid for up to 3 years, the Golden Visa can provide residency for 5 or 10 years, and in some cases, it can be automatically renewed. One of the unique features of the Golden Visa is that it does not require a national sponsor, which simplifies the application process. Also, it allows the visa holder to own 100% of their business in the UAE. However, the Golden Visa program has strict eligibility criteria and is typically aimed at individuals who are looking to make substantial investments in the UAE.