If you are a tech entrepreneur who needs a place to start your business; Dubai is at the top of the list for such entrepreneurs. With many of the same qualities that Silicon Valley had in its early days, the tech startup scene in Dubai is strong – and getting stronger.
Benefits of Launching a Startup in Dubai
The main benefit of having a startup business in Dubai is that you work in a place full of talent, investors, and incubators – everything you need to start and grow your business. You can start small and then grow as Dubai has all the office space and business services you need on the go.
At the crossroads of three continents and with experience in major technology acquisitions (such as Careem and Souq.com), Dubai is the place for your new startup. And with Expo2020 being postponed, now underway, and attracting around twenty-five million people over six months
Cost of a Startup License Dubai
The cost of having a startup in Dubai depends on the company you choose, the size of the company, and the location where you start. Roughly, you can expect a free zone arrangement of around twenty to twenty-five thousand dirhams for licenses and visas. At this point, it’s a good idea to talk to a professional business setup consultant firm, which has current prices and can put together a package that meets your needs and provides the right offer for you.
Steps of Getting a Startup License in Dubai
If you are planning to start and start your own business in Dubai, there are a few steps you need to follow. Let’s separate them:
Choose Your Business Activity
The job you choose must be appropriate for the business you will be doing. So that everything is clear and compatible here, it is worth using the services of specialists for setting up a company. This is not an area where you want to go wrong as it can cause serious problems if you perform activities without permission even if you don’t know it. It is important to note that any activity you undertake as part of your startup must be identified to be properly licensed.
Choose a Company Name
The UAE is quite strict when it comes to naming companies so it is important to know the regulations. You should avoid any name that already belongs to a well-known organization. When naming your business after your name, be careful not to abbreviate your name. So Donald Michaels Solutions is fine, but D. Michaels Solutions is not. Of course, you also need to make sure that your chosen company name is still available for registration.
Choose Mainland or Free Zone for Business Setup
The next decision to be made is whether to stay on the continent or in one of the UAE’s free zones. Setting up free zones is very popular and often very cheap – but if you go this route, you will need to take some additional steps (e.g. markets. Just by setting continents, you can trade in the UAE market without any additional steps. Here, a business start-up specialist can advise you on the best options for the company of your choice.
Documents You Need to Obtain a Startup License in Dubai
Regardless of whether you submit your application yourself or through a business start-up, just a few details and some basic paperwork are usually required, including:
- Completed application form
- Passport copy of the proposed business owner/s
- Two-color passport size photos.
Working with a Professional Business Consultant Company
So, these are the main points to consider when starting a business in Dubai in terms of tech startups. It’s very simple and you have to work fast. If you’re starting a new business, or even looking to work as a freelancer, you can rest assured that a professional business setup company will keep your info updated and with the people who do it every day.
While the setup process can be a bit stressful, you can speed things up by working with a business furnishing specialist in Dubai. This is the fastest way to set up in the UAE so we can handle all the details and make sure your app is error-free. They can also help you open a corporate bank account and provide important advice on the type of financial institution that best suits your needs.