There are several advantages of adding a Dubai business to your family. Mainland Company formation in Dubai takes little initial investment and setup fees are very low. In addition, mainland company formation in Dubai is now the preferred location for many investors, especially for business formation. Here are some things to know before you get started:
The Business Development Agency (BDA) of Dubai issued an original business plan for the city in 2021. This plan called for three main factors for a thriving business environment: license, registration, and initial approval. All three factors play a major role in establishing your company. Your plan should incorporate all the necessary aspects to obtain your license, registration, and initial approval.
When you apply for a business license in Dubai, you will need to provide certified copies of your previous projects and certifications from the local service agent that you use. These are all standard requirements in international business. Your application will be held for a few days, and you will receive a reply from the local service agent or the Department of Commercial Insurance. Your request will be referred to a Commercial Acceptance Officer, who will inspect and decides on your application.
Your business activities will then be referred to the Department of Trade and Industry who will carry out an investigation. The next stage will be the inspection of your business premises. The result will be an officially approved business plan. After approval, you will receive your trade license.
An important thing to note about your trade license is that it is not transferable. Once you apply for a business permit and you have established your company, you must stick with it so you can benefit from all the financial benefits that come from owning a business in Dubai. If you decide to transfer your registration to another country, you will also need to apply for a new trade license.
Company formation in Dubai has its own set of rules associated with its licensing process. If you are considering setting up a business setup in Dubai freezone, you must consult an expert that is knowledgeable in this field. He or she will be able to guide you on the various procedures involved in achieving the successful establishment of your company and also help you with obtaining your commercial licenses.