Tuesday, 24 June 2014

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Set up with a commercial license Dubai for your business!

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Commercial License for Dubai - There is never enough information you get about setting up an enterprise in the Middle East. It is obviously never easy to have a company set up in a foreign land. It takes a lot of research and with it a lot of commitment and research. You need to understand what form of business would work best for you and why you should invest in it. Plus, there are plenty of businesses that have started and flourished in the past, would it make sense to follow the same path even though there are established players today? There would obviously be a rough market to proceed with in that case. Once you finalize on the industry you will enter, you need to decide on the commercial license Dubai that would make the most sense for your business. It is extremely important to know that you cannot function any form of business activity without the presence of a commercial license.

Over the years, I have understood the value of a trained professional or an expert in the industry. You have a lot of queries that will pop up during the set up of the company and you need someone to guide you through that. In the event that you are setting up a restaurant, the approvals and licenses you need are completely different from that of a trading office. Also, the approaches that you need at the respective ministries are very different. You need to know the prior documents required before you apply for the license. It would be quite a tough task approaching for a license unless you have each and every approval in place, most importantly from the financial institution backing you. You need to always show the support you are taking from a bank, and unless this is in the right place, you may be denied the license all together. So, getting this right is very important. This should be one of the first things your consultant would suggest to you.

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Another valuable insight I can provide is to understand the neighboring markets very closely before deciding to invest or enter the market. As explained a little earlier, there are many players that exist in each and every market in Dubai. You need to be extra cautious about each step you take.
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If your business revolves around trading of goods or services to the public, you would have to choose a commercial license to set your business up. This would also be directed perfectly by your consultant. Keep in mind that this not an easy task.

After this, you would have to sort out the legal implications and certifications required. Here the nationality of the owners and nature of business as well as the ownership details need to be entered before it can be set up. At the same time, you need to also decide on the location of the business. Quite understandably, there are benefits in Dubai Mainland which are based on your business type and model. Dubai mainland is home to some of the biggest businesses in the world and being a part of this area would obviously give you a huge brand value. If you do decide to continue with a location in Dubai mainland, you would have to get your company registered with the Dubai department of economic development. It is only after this that you would be provided with a commercial license Dubai to precede into business. Now, it is important to remember that whether you invest in a free zone or in the mainland, you would not be liable to pay any form of taxes for your business or your earnings. This would be 100% tax free.

Once, you complete formalities in terms of location, you need to decide the ownership details. This is again irrespective of the location of your business. Remember that the operation of your business has nothing to do with your ownership rights. So, this means that an overseas person can still have 100% ownership of a business in Dubai.Even after the completion of all this steps, there would a lot of formalities that need to be taken care of in terms of administration. But, rest assured, the bulk of your company set up is complete.
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Author Bio - I am Aalee Ishat, a marketing professional with more than 5 years of experience in the world's leading markets including India, UK and UAE. I am currently working with Dubai Mainland Business Setup Service, are dedicating in providing business setup, company formation registration and commercial trade license, professional license, industrial license, llc license services in Dubai and all over UAE.


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