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Dubai Jobs

Dubai has rapidly grown into a leading tourism and real estate capital of the world. It has gained the status of a progressive employment capital. A lot of international companies in the field of construction, hospitality, finance, media etc are setting business in Dubai. They need a lot of qualified staff to work with them and hence there are great job opportunities here....

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Dubai Palm Islands

Dubai Shopping

Dubai, the shopping capital of the Middle East, is a shopper’s paradise! What better way to spend your leisure time and beat the Dubai heat than go on a shopping spree in one of the many classy air-conditioned shopping malls which adorn the Dubai landscape.....

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Dubai Accommodation

Hotels in Dubai

Besides the Burj-al-Arab, Dubai offers a wide variety of hotel accommodation which is generally considered to be of very high standard and great value for the money. The range includes everything from budget hotel Dubai accommodation to luxury hotels. ...

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Dubai Entertainment

Burj Dubai

Mirror mirror on the wall, which is the tallest tower of them all? Very soon the answer will be “Burj Dubai”. Burj Dubai is an Arabic word which means "Dubai Tower" when translated to English. This soon to be the tallest man made structure in the world is currently under construction in Dubai, United Arab Emirates. ...

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Dubai Jobs

Tips on how to start a business in Dubai

The Dubai Business Scene

Opening doors to doing business in Dubai and operating Dubai companies is never simple and easy and, it doesn't end with securing a Dubai visa. It has always been widely known that the process of jump-starting a business is a long complex process and financially risky. However, in knowing how to start a business in Dubai, one must consider the factors that contribute to the continuous success of various Dubai companies, which will make the operations of a business in Dubai a viable endeavor. For one, Dubai's vibrant economy and its various thriving Dubai companies bask in a competitive atmosphere of costs, markets and strategic recompense, which generates one of the best and conducive investment climate both for expatriate investments and local businesses. These factors give Dubai and Dubai companies an edge in the dynamic global business scene and have transformed the emirate as the Arabian Gulf's leading multi-faceted business hub, which stands at the forefront of the international communitys emerging tiger economies.

 

Dubai start businessIn doing business in Dubai and operating Dubai companies, securing a Dubai visa is necessary for doing business but is not the first step. At the onset, if one really knows how to start a business in Dubai, it would be most necessary to know the basic facts and one is that Dubai has long been recognized as the Middle East's most important trading and commercial hub. Currently, the emirate has become a major venue for various growing and lucrative industries and activities like conferences, meetings, trade exhibitions, distribution and logistics centre, industrial consulting, corporate headquarters, tourism, banking and finance, light to medium manufacturing, and information and communications technology (ICT).

Establishing Business Presence: How to Start a Business in Dubai and Operating Dubai Companies

First and foremost, when one knows how to start a business in Dubai or operating Dubai companies, it is always vital to have a good working knowledge of the emirate and types of Dubai companies that may be established aside from just securing a Dubai visa. It would be useful to take the necessary preparations to gather information on doing business in Dubai and establishing Dubai companies and undertake extensive research of the commercial sector that will be operated in. A feasible and practical business plan for establishing Dubai companies always comes in handy and this will include not only a Dubai visa but more importantly a study of the current market conditions, the competition and business forecasts. Obviously, in starting up a business in Dubai it is always necessary to have a good financial track record that may possibly help in securing local support.

 

In knowing how to start a business in Dubai or operating Dubai companies, it is important to note that it is required by law that aside from securing a Dubai visa to start a business in Dubai, a local partner must be secured by an interested investor, this would basically mean that the local partner will definitely hold majority interest and can be on top of the business. It is also important to note that in operating Dubai companies it will not be necessary for the local partner to contribute to the start-up investment or have any financial involvement with the company.

When a Dubai visa is secured and a business in Dubai or Dubai companies is finally registered, the investor must show the Ministry of Commerce that a substantial amount of money is readily available for investment. The required sum varies from $10,000 to $50,000 and is treated as a guarantee against liabilities. As mentioned earlier, one of the basics of how to start a business in Dubai does not end in securing a Dubai visa but to always keep in mind that local knowledge is crucial. It would also be beneficial to consult a good lawyer from the onset of establishing a business in Dubai. An experienced lawyer will be able to give important information regarding the registration processes and complexities and the legal assistance provided will be useful in protecting the potential investor. Again, a vital information in learning how to start a business in Dubai.

Dubai Companies

In establishing a business in Dubai there are different types of companies that may be set-up by an interested investor. One type of Dubai companies is a joint venture, which is a contractual agreement between a foreign and local investor who are both licensed to engage in the desired business activity. In practice, joint ventures are the type of business in Dubai that is a suitable structure for companies working together on specific projects.

Another type of Dubai companies is a public and private shareholding company. These would be companies that engage in banking, insurance, or financial activities that should be run as public shareholding company. This type is suitable primarily for large projects or operations. Next is the limited liability type, which can be formed by a minimum of two and a maximum of fifty individuals interested in operating a business in Dubai or Dubai companies whose liabilities are limited to their shares in the capital of the company. This type is appropriate for organizations that are interested in establishing a long term business in Dubai.

In knowing how to start a business in Dubai or operating Dubai companies, it is important to know other types of Dubai companies that include branches and representative offices, branches and representative offices of foreign professional companies, which may be 100% foreign-owned given that 100% Dubai or UAE owned companies are appointed as local agents, and lastly, the sole proprietorship type. In setting-up a business in Dubai that is a professional firm, 100% foreign ownership, sole proprietorships or civil companies are allowed. Such firms may engage in professional or artisan activities but the number of staff members that may be employed is limited. A UAE national must be appointed as local service agent, but he has no direct involvement in the business and is paid a lump sum and/or percentage of profits or turnover. These are some important information to have in knowing how to start a business in Dubai aside from the usual process of securing a Dubai visa.

 

Investors and Entrepreneurs Applying for a Dubai Visa

In learning how to start a business in Dubai or operating Dubai companies, always remember that a Multiple-entry Visa must be availed to by business visitors who have a relationship with a multinational based in Dubai or other well-known local establishments with good standing. This type of Dubai visa is valid for six months from its issue date. The foreigner who intends to do business in Dubai must initially enter the United Arab Emirates on a Dubai visa and later obtain the multiple entry Dubai visa while in the emirate.

Doing business in Dubai, securing a Dubai visa, setting up Dubai companies and learning how to start a business in Dubai would probably be hard at the onset but the experience of doing business in the emirate is likely to be pleasant. The potentials of starting a business in Dubai are great, but it isn't for the apprehensive type of entrepreneurs.