Setting up a business in Dubai is a very easy affair, provided you have the necessary expertise, resources and equipment required. During the past 3 years, Dubai has changed from a gas-exporting industry to an information-based business economy and thus has grown tremendously. Since then, Dubai has emerged as the most preferred destination for global business entrepreneurs and many international investors. There are several reasons behind this amazing decision. The primary reason is the supreme intelligence, which is possessed by the city-state.
Start a business in Dubai
In order to start a business in Dubai, you need not have an official office and there is no requirement to keep any sign or paperwork. You need to follow all the rules of the government, which are easy to comprehend and do. You can save a lot of money, time, and effort by opting for a short sale option, which offers you huge discounts and a huge amount of profits. Therefore, the most important thing while setting up a business in Dubai is to find a good commercial property, which you can rent or buy, and finally, obtain the final approval for doing so.
In Dubai, there are various economic zones and areas, where entrepreneurs can set up a business. Some areas are renowned for their fertile lands, whereas others boast pristine beaches and sand dunes. All these areas offer a paradise for the investors, who are looking forward to establishing a commercial unit in Dubai. There are several advantages for investors and businessmen in the free zones of Dubai. Below mentioned are the main reasons, why these areas are being eyed by thousands of entrepreneurs every year.
Legal zone for business in Dubai
A Free Zone is a totally legal zone in Dubai, where all commercial activities are allowed, irrespective of their type or size. So, anyone, starting a new business venture, can set up a business in Dubai without any hassle. On the contrary, when you are setting up a business in a normal commercial area of the city, you have to satisfy the local authorities, who will not allow any kind of commercial activity, unless it is registered. In the free zones of Dubai, there are no minimum capital requirements or other legal formalities that have to be fulfilled, so, entrepreneurs can set up a business without any hassles.
Moreover, the free zones of Dubai are also perfect places for setting up a business, because they have fewer formalities and fewer regulations. Setting up a business in Dubai does not require you to have a license, since the laws of the country do not prohibit it. This means that entrepreneurs can engage in almost any activity that they want. The only condition here is that they should inform the concerned authorities if they plan to set up an import or export business. They need to apply for a license before they can start trading. As the rules and regulations are relaxed in the free zones of Dubai, entrepreneurs can engage in different kinds of businesses.
However, despite the fact that the free zones of Dubai are the best places for setting up a business, entrepreneurs should not leave Dubai because of the lack of capital. They should know that they will not get their capital back if they decide to shut down their business. Similarly, when businessmen decide to set up a business in the mainland, they cannot expect their business to prosper the way that they expect it to if they leave the emirate. If they don't pay the customs and tax, they will not be able to deliver their goods to the customer.
On the contrary, when you are setting up a business in the free zones of Dubai, you can expect everything to be absolutely free. You can start your business right from the comfort of your home, you don't have to pay the high price for a commercial space in Dubai. On the contrary, when you are setting up a business on the mainland, the only thing that you have to pay is for your office rent and for the services of the employees in order to start your business. This fee may range from $1000 to thousands of dollars depending on the laws and the location of the company.
Thus, when you are planning to set up a business in Dubai or in the free zones, the first thing that you should do is to contact an efficient attorney. He can help you find the most appropriate laws for your business and he can also help you get the registration and the licensing for your business. These things are very important for you as a business owner. If you want to get a high profit, you should go for an experienced attorney so that you don't have to spend money on those things which you do not require.
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