Set up business Dubai can be very easy if you follow the right procedures. Dubai has a
number of things in place to help guide you on how to set up a business in
Dubai, including the Dubai Companies Regulations (DCR), Companies Act, and the
Dubai Private Registration Office (DPRO). You need to keep in mind that the
Companies Act and the Dubai Private Registration Office are different legal
bodies that govern the various business activities in Dubai. The Companies Act
is a legally binding law that regulates the formation and registration of all
companies in Dubai. The Dubai Private Registration Office enables people to
open a business in Dubai.
The Business visa for
a non-immigrant visa is available to those businessmen who wish to set up
business in Dubai. The business visa is different from the tourist visa in that
it does not require the Business visitor card or the employment permit of the
foreign national. The business visa is required to provide proof of money
income, source of funds, business plan and the expected turnover of the
proposed business. The documents can be collected from the Commercial
Immigration free zone office in Dubai.
The Business visa for
a non-immigrant visa must be renewed on completion of one year of residence.
There is an online application that needs to be submitted along with relevant
documents that are to be verified. This application can be made directly at the
Commercial Immigration free zone office or through the Dubai Ministry of
Economic Affairs. Once your application is accepted you will receive a notice
that will provide you with a copy of the application and the fee. Once your
business visa is renewed, you will have to present it at the airport upon
arrival.
It is a good idea to
set up a business in Dubai even without the assistance of a UAE business visa
as this would help you save time and money. If you plan to rent office space or
buy property in Dubai, then you will have to apply for a DBA permit which will
be necessary for running a commercial enterprise. Companies can set up a
limited liability partnership if they have fewer than ten shareholders. This is
considered as a step towards setting up a business without a UAE business visa.
The DBA permits a
company to carry out the operation of its trade and business without having to
register it with the Department of Commercial Investment. This makes it
possible for new companies to operate without being subjected to the opaque
process of commercial registration. There is no need to pay a penalty if the
company fails to register within the prescribed time period. However, failure
to register in time results in penalties being imposed on the company.
A UAE business
entrepreneur can set up a company without the aid of a UAE business visa provided
that the objectives of the company are easily achieved. The objectives should
relate to the promotion of foreign trade and investment as well as the supply
of jobs in the country. A company should not incorporate or carry on trading
activities under its own name. This is considered an indirect set up of a
business that attracts stricter regulation. Instead, an individual can register
his business with the concerned authority.
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