There are many young entrepreneurs today who wish to start their own business in Dubai. Maybe there’s something they are passionate about or found a gap in the marketplace to fill or came up with some groundbreaking idea.
But starting a business in Dubai is not easy. You require a lot of research, planning, and knowledge. You need to put in time, effort and hard work to setup business in Dubai. Along with that, you must have knowledge of finance, operations, and management to set up and run a business successfully.
These are the major factors to be considered while setting up a business in Dubai
1. Product to be manufactured
This is the first and foremost decision any entrepreneur must take. They need to decide which product will offer better profits while selling locally when setting up a business in Dubai.
2. Place of production
The choice of location for production should be based on the availability of raw materials. Distance of auxiliary industries from the location, nearness to the market, and any government benefits or concessions should be checked before you setup your business in Dubai or any other location, for that matter.
3. Financial capabilities
Not every business starts with millions of dollars as their initial investment. You make your initial investment based on product demand, market competition, risks taking capacity and growth opportunities in that particular region.
4. Legal and social rules
Every country has a different set of rules for different businesses. You need to take care of permission and grants available for setting up the industry and take pre-required permission from the local governments.
This was all about business and things everyone needs to keep in mind before setting up a business in Dubai.
What is noteworthy is that people all around the world are setting up industries in Dubai. Setting up a business in Dubai is right at its peak for attracting new investments into their country. They have been continuously reforming their laws to promote themselves as a destination for entrepreneurs.
To register your business in Dubai, you just need to follow these simple steps
1. Where you wish to conduct your business operation (Location)
As discussed earlier, location plays a major role in the establishment of the business. There are different types of location available in Dubai – Offshore, Mainland, and Special free zones. These locations have a huge impact on the category of business you wish to conduct. Every location has its own benefits and gives access to the different feature.
Isn’t this extremely confusing? Which location will suit your business? Do the laws in that area support your business? Let XPAND BUSINESS SERVICES UAE help you answer all your questions – from locations to market scope, we help you find the answer to every confusion.
2. Acquiring licenses from the Department of Economic Development
Every country has its rules and regulation to promote business, protect its citizens and harmonize conditions in their country and most importantly setting up business in Dubai has become extremely easy. Now, getting all the licenses will always be beneficial for the company.
But don’t you think it is time-consuming and a tedious task to get all the paperwork correctly? Contact XPANDUAE and we will take care of all the necessary licenses for you.
Don’t think twice! XPAND BUSINESS SERVICES UAE is a one-stop solution for all your business set up processes in Dubai. We got you covered!