How to start business in UAE

Business in UAE

If you want to start a business in UAE, you have to investigate many factors here. First of all, you must do meetings of the successful businessmen of that place.

 

Meetings with qualified experts:

If you want your business to grow then you need to contact qualified experts. Make sure that your consultant can help in finance and compliance after completing your setup. Make sure that you have abilities to access to support services like custom. It is very necessary that you should be aware about everything about the business which you want to start.Thats why you should consult with experts who guide you in a good way for a successful business.

 

Visa getting process in UAE:

 

If you want to do work in UAE, you must have to get a visa first to live in the country and start your work. There are 2 kinds of visas are available for entrepreneurs..

  • 5 year visa
  • .10 year visa

You must have the extra amount of 50,000 AED in your account if you want to get five-year visa.

It is very difficult to get 10 year visa in the UAE.For this act you have to deposit AED 10 million the minimum amount in a public investment.

 

Freezone set up:

Free zone is that area where taxes do not apply. There are about 50 free zones in the UAE but every free zone has their own rules.You should choose that free zone which is more suitable to your business. There are many factors to consider about this.

 

Right location:

You must select that location where you will get all the facilities easily and quickly which are necessary for your business. Do not choose that location where access to imports and exports is an issue. Choose the right place where customers can easily reach your office to discuss products.If you need employees for your business,so you should select that place where they can easily travel.

 

Business activities related to the free zone:

Business activities depend upon the free zone. Every free zone has makes its lists of businesses.Make sure that you are going to select that business that is present in that list of the free zone. Banks have rejected applicants because of the not business details present on their licenses.

 

Budget decision:

You should take a good decision according to your budget.Every free zone has its own fees which depend upon the type of license, number of shareholders and the business activities which you choose.Some free zones have high requirements.So it is very necessary to know that how much budget you can easily afford.If you choose the cheapest license,it will benefit you in the longer run.

 

Buisness registration:

If you are going to start a business in the UAE, first you have to select the name of the company. Then discuss about it with the department of economic development; they will inform you that the name of the company which you are going to choose is acceptable or not.It is the law in UAE that the name of the company which you select should not be registered before and it must fulfills the required activities about business.

 

Business license:

After deciding the business name, you can apply for a buisness license in the UAE.Your local free zone or the department of economic development can also provide you a business license.In the UAE,some companies demands about the specialized licenses e.g.UAE health department provides license related to medical company. So getting a license in the UAE is an important step to start your business.

 

Insurance of buisness:

 

To start a business in the UAE,you should get insurance because it gives protection to your company.Type of insurance depends upon the business you are going to start.

Many beneficial insurances are:

Workers compensation insurance:This insurance gives protection to the accidents which happens to your company.This is very useful insurance for your work.

Insurance about the personal accident:This insurance is helpful in accidents which is not related to work and injuries.

Health insurance:This insurance is very useful and gives protection to the health of the employees.

Insurance about travel:This insurance is very beneficial for your employees if there are some delays in travel.It gives also help in the lost luggage.

Sea insurance:If you have buisness related to sea,this insurance gives protection to your goods which comes by shipping.

Vehicles insurance:This insurance is useful to protect your vehicles if any accident happens to them.

Insurance of property:This insurance gives help to you if you any damage to your property.

 

Training course about business:

In UAE there are many institutes present which gives guidance about business.Byparticipating in these courses we become more satisfied to start a new business.It also guides us that how we will become a successful businessmen in the UAE.It also helps us to face all situations like ups and downs of businesses.Zabeel institute is the most famous institute which gives us training about everything related to buisness from langu

 

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