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START BUSINESS IN UNITED ARAB EMIRATES
Starting up a business in UAE is highly encouraged and appreciated by people as everyone
knows that Dubai is one of the most populous and best tourist points in the world. Everyone
wants to get recognised and what better place an individual can choose to get recognised as
a businessman than Dubai which is a wonderful tourist attraction. A lot of business investors
are attracted to UAE because of its economic stability in the international market.
Business startup in UAE is a genius idea. The ongoing trend in UAE’s market has numerous opportunities for foreign investors to adapt themselves in import and export businesses. Most of the business owners take complete advantage of the fact that Dubai has growing tourist traffic and that brings them unlimited consumers of their products or services.
We are here to help you get familiar with all the benefits you will produce in future by starting
up your business in UAE. We will also help you to avoid all the problems you might face
while establishing your company in UAE.
Local Sponsor and LLC Requirements:
There are various business opportunities for foreign investors in UAE as well in other
states of UAE, but Dubai is considered to be the most recommended state for a top
business setup in UAE. First of all, you will need to choose the state where your
business will be established. Then to start a business in this Arab country, you will
require an LLC license that is a limited liability company license that builds a
company’s legal structure in any state.
Any foreigner who aims to set up their business in UAE will need a local sponsor as
their partner in the business as per the law of UAE’s government. The local sponsor
must be a national citizen of the state with 51% partnership agreement. This local partnership helps the foreigner with the freedom to select any location for their business or office in the state. The location choices are made accordingly to the
budget of the company as well as the requirement of the company’s owners.
The local sponsor also helps in the dealing between the foreigner and authorities.
You will need to discuss this while signing up the agreement with the sponsor. The sponsor also requires a yearly fee which can be negotiated.
Selecting a Convenient Location:
To plan any business in any part of the world, the most important thing is to have a proper business plan. A business plan has requirements such as a convenient
location, number of employees (if needed), a necessary budget for each month or year etc. A business plan needs to be made with proper consideration of the services or products you are going to offer to your customers.
To determine a suitable location for your business, you need to set up your business in an area where you think it is going to be profitable for you. Selecting any location without reflecting on the idea is a complete loss as you will not get customers or clients based on the services and products your business or company offers.
A tenancy contract is a must to be involved in the contract with the landlord of the locale. A tenancy contract guarantees the rights of both the parties through practical and legal perspectives.
Eligibility of Business Owner’s Visa:
This is definitely an important and main factor to observe while starting a business in UAE. The business owner should have a strong visa credibility, as well as his/her
employees, should have the permit to live and work in the state.
For your own visa as a business owner, you may need a local sponsor’s help to get your visa in the beginning. The sponsor will need to apply your business in the first place, as the investor and partner of your startup business. Business visa application do not have a difficult or strict process as many people think. The only thing that will be required apart from your passport or other documents, is a letter from your
sponsor mentioning your personal details with the application of your visa.
Later you will be able to apply visas for your employees in the future if your sponsor gives you the authority to do so. You can also mention it at the beginning of your contract with your local sponsor and business partner.
Business Agent for Business Consultancy:
Hiring a business agent to help you with your start-up business is a good idea, as the agent will take you through the complete process of a business setup. You might not be aware of the all the registration process so hiring a business agent in the first
place is highly recommended and encouraged.
The Emirates Express business consultants will help you in the registration process by helping you with the LLC license of your company, with the bank account of your company and also by managing the auditor for your business or company.
They will also deal with the local government bureaucracy and with the further business planning of your company. Not only this, but a consultant will also strategize how to smoothly run your business in its initial phases and how to solve potential business hurdles of your company.