Setting up your business in Dubai does not need to be a tedious process. All you need to do is hire a professional and established agency that takes care of all your needs when it comes to company formation in Dubai. With a trusted company formation consultant, you can easily take care of all the documents, fees, and licenses you need to submit and apply for to fast track your company incorporation process.
Getting a company formation consultant would jumpstart your move to Dubai. And to further boost the process so you can immediately start your operations in Dubai, there are also a few steps you can take on your own while searching for the right business formation agency to help you.
Do Your Own Independent Research
If you are interested in setting up your business in Dubai, you can read about the process as early as now and get an idea of what you might need for your application. Reading up on the latest economic news about Dubai, checking articles about company formation in the city, and how the culture, society, and business world work in Dubai would also be a great help in giving you insights on how to be successful in your move.
Also, part of your research should include the different types of companies you have apply for in Dubai. Right now if you are a foreign investor or start-up entrepreneur, you can choose from an onshore company or an offshore one. Both companies get the optimal tax incentives offered in the city, but there are slight differences in terms of how you can operate your business, what types of transactions you are allowed to do, and what are the documents you need to submit for your company incorporation. But don’t worry about these requirements too much as your company formation consultant will surely help you out and give you the updated procedures for the application.
Prepare for Expenses and Fees
No matter which type of company you choose to apply for, you will still have to incur fees and shell out the capital needed to start you business. That being said, your funds will have to shoulder not just fees for the application but also other miscellaneous ones such as fees for visa applications for your family or employees you wish to bring with you in Dubai.
There are other financial concerns as well such as rental fees for your office, budget for licenses and daily operations of your company, and other expenses such as utilities and food or transportation. Again, the budget or capital you need will all depend on the type of company you are applying for and your company formation consultant would be able to guide you accordingly.
Just like any other move, going to Dubai would mean facing a new culture and society. If you are a frequent traveler or if you have had the experience to live abroad, then you move to Dubai may be easier, but if you don’t yet have the experience to live overseas, then you have to be open-minded and be ready to adjust to the culture and society of Dubai.