Dubai and the rest of the Middle East are very famous among the tourism industry around the world, as liked by many to visit in their holidays, Dubai brings together cultures from all around the globe.
People do not come to visit for their leisure alone, Dubai is also one of the biggest business hubs in the world. People from all around the globe come here to offer services, do jobs, and set up a business that might turn profitable for them, and according to the experiences of many, Dubai does not disappoint.
Why open a business in Dubai?
Dubai is one of the most liked places when it comes to international tourism, and it would come as no surprise that Dubai is a market as big to meet the needs of the people it hosts.
Dubai has a market that specializes in many categories, some of them are
· Automobile
· Technology
· Machinery
· Fashion
· Beauty products
· Gold
Above are some of the markets Dubai is famous for but is not limited to. The automobile industry is one of the most famous and hot industries Dubai has to offer. As the people go there to enjoy and have a good time, cars are always needed to achieve that. Luxury car brands such as Rolls Royce, Mercedes, Bentley, and supercar brands like, Lamborghini, Bugatti, Ferrari, Porsche, and Nissan are some of the main shareholders of the market.
Technology and machinery also have a great demand in Dubai, as it also houses both small- and large-scale industries. Fashion products such as clothing, and watches, and other luxurious items are also having a high demand in Dubai.
Registering in Dubai free zones
Choosing a free zone can be a good idea to start a business in Dubai. Free zones offer total ownership of a company and one is not required to partner with a local to operate a business company in Dubai free zones. Free zone companies are also exempted from import and export taxes, the personal income taxes are also exempted for free zones.
To set up a company in Dubai free zones, one has to go through the following steps to ensure easy and proper verification through the government.
- Determine the kind of legal entity
- Choosing a trading name
- Applying for a business license
- Choosing space for your office
The following steps have to be undertaken to swiftly set up one’s company in Dubai free zones. There are also more than 20 free zones in Dubai for you to choose from, and you would have to choose your free zone according to your business operations and the category it falls under.
After you have selected an activity, and chosen the free zone you would be choosing to operate your business in, the next step has to be choosing your business name. UAE is very strict when it comes to choosing names for companies as they do not allow names that are offensive to any religion or any group of people. And the name you choose should also not already be registered.
After you have done all the paperwork, you submit an application for your business license, which is easily approved if all your details are correct and you then are allowed to operate your company. Then lastly, choosing an office in the free zone you selected, and you are ready to operate your company in a Dubai free zone.
