Starting a business in Dubai from India anywhere involves proper planning, making key financial decisions, and completing various legal activities. For a business person, it is important to analyze everything carefully, from profits and losses to the kind of laws and policies applicable in the country for running a business. Known as the hub of investment, it is profitable to do business in Dubai for Indian investors.
Indian investors have contributed a lot in creating business avenues and employment opportunities in Dubai. Hence, the government of Dubai provides great opportunities and facilities for Indians to set up a business in Dubai easily.
With all the required documents, permissions, and approvals, you can start your business within 3 days. There are low import duties, a free trade system, and no corporate taxation system.
This attracts a lot of Indians who start a business in Dubai as foreigners every year. However, If you are willing to start a business in Dubai, you must know all the legal requirements.
How to Start a Business in Dubai From India?
We have listed down 10 Processes for starting a business in Dubai for Indians below:
1. Identify the Nature of Your Business Activity
You must be clear about the nature of your business. Having your business activities listed out will give you a steer and help you decide the location for your business setup. It will also help you select the right type of trading license for your business.
2. Choose the Right Business Structure
Decide whether a Mainland Company, Free Zone Company, or Offshore Company is the best legal form for your company. The choice will be dependent on your company's activities and goals.
3. Register the Trade Name
To start a business in Dubai, you must select a trading name for your company and get it legally approved. Your company name should not use violent, foul, or controversial words. This can lead to the rejection of your company name. If you are naming your company after the name of a person, make sure to use the full name. Whichever name you choose, it must be followed by the structure of your company. (Example - LLC, FZE). Once you have decided on a name, you must register it with the DED.
4. Choose Your Business Location
To set up a business in Dubai you will be required to rent a virtual office with a sustainability contract, Desk space, Office space, or warehouse to carry out specific business activities as per the nature of your business. You must then register with Ejari to get your tenancy contract. Obtain your unique Ejari number for future reference.
5. Acquire a Visa
You and all your business partners, as well as employees, must be eligible for acquiring a visa. Usually, visas in Dubai are granted to all types of business activities. The number of visas that can be acquired varies according to the nature of business and activities to be conducted. You must submit copies of your partners’ and employees’ passports along with other required documents to acquire your visa.
6. Register Your Company
It is mandatory to register your company in Dubai with the Department of Economic Development. You must draft an MoA (Memorandum of Association), get it signed by all the stakeholders, and get it notarized by the Department of Economic Development. You must submit and authorize all the documents with the department to get permission for the smooth functioning of your company.
7. Apply and Acquire Your Trade License
Every company must have a trade license to operate a business in Dubai. The DED mainly offers 3 types of trade licenses, namely, commercial, professional, and industrial. Based on your business activities, you must select the appropriate license type.
Apply along with the required documents to the DED or in case of a free zone, to the managing authority. Your application will be thoroughly inspected and if it meets all the criteria, you will receive a confirmation mail with a payment link. Make the payment and acquire your trade license.
8. Membership at DCCI
Register online for a membership with DCCI. You can start a new business in Dubai right away with a low-cost membership. This membership helps you gain the trust and confidence of your customers. By serving on committees, you can easily influence the business events occurring in the city. You must complete an application process. It will be accepted if you have a good business idea.
9. Apply at the Ministry of Labor
Apply to the Ministry of Labor to receive an establishment card. You must register the labor unit of your company with the Ministry of Labor before the commencement of any business activity. The ministry administers rules and regulations for both employers and employees of the company. It ensures the maintenance of stability and peace among them.
10. Open a Corporate Bank Account
Open a corporate bank account in a reputable UAE bank to manage your financial transactions.11. Register Your Employees
You have to register all the employees in your company with the General Authority for Pension and Social Security. It ensures their protection from any sort of exploitation before, after, or during their employment in your company.
12. Hire a Business Consultancy
Taking help from experts is very important before starting a business in Dubai from India. They are very helpful with various other services like educating you about potential costs involved, opening a bank account, etc. You can get in touch with expert business consultants at Shuraa Business Setup for affordable business setup services.
Benefits of Setup a Business in Dubai From India
Some of the compiling benefits of starting a business in Dubai from India include:- Strategic Location: Dubai’s geographical location provides a hub for international trade with easy access to important markets in the Middle East, Asia, and Europe.
- Tax Benefits: The majority of Free Zones provide temporary tax benefits, such as the elimination of personal income tax and capital gains tax.
- Full Ownership: Free zones provide you with total control over your company by allowing 100% foreign ownership.
- Business-Friendly Environment: The efficient and streamlined regulatory framework in Dubai makes it easier for businesses to start and operate.
- Diverse Market Opportunities: Dubai’s growing economy offers opportunities in various sectors, from tourism and trade to technology and finance.
- World-Class Infrastructure: Modern infrastructure, world-class transportation networks, and state-of-the-art facilities to support business growth.
Documents Required to start a business in Dubai from India
You will have to provide the following documents for complete registration to start a business in Dubai From India.- Shareholders information
- Passport and Visa of the shareholders
- Application form
- PDF of business plan
- Board resolution documents
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Identity proof of the shareholders
Cost for Indians to start a business in Dubai
Generally, the cost of starting a business in Dubai for Indian entrepreneurs ranges from AED 10,000 to AED 30,000. However, the exact cost may be higher or lower depending on several factors including type of business activity, office space, additional approvals, complexities of company formation, visa requirements, and more.What business can Indians do in Dubai?
If you're looking to start a business in Dubai From India, here are some successful business ideas in Dubai for Indians.- Start an IT Company
- Start eCommerce Business
- Start A Tourism Business
- Accounting and Bookkeeping Services
- start a Real Estate Business
- crypto trading license
- HR Consultancy License
- General Trading License.
- start an event management company
- Freelance Visa
Register a Company in Dubai From India with Shuraa
If you have ideas that require a minimum investment to start a business in Dubai, you can easily reap profits from it. With a lucrative business environment and rapidly increasing infrastructure, starting a business in Dubai as a foreigner is easier than ever before.
The process can get overwhelming but the expert business consultants at Shuraa can assist you with all of it and help you set up your business at a low cost. Complete your registration process without any hassle with the help of our legal advisors. All you have to do is get in touch with us and we will take care of the rest.
