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| Business in Dubai |
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Doing
business in Dubai is surprisingly easy with minimal
bureaucracy and a can do attitude that makes Dubai
an attractive place for big business.
Main Features Of Establishing
An Import Business In Dubai
Business opportunities in Dubai are ideal for several
reasons, but one main reason being there is no tax.
Dubai’s import revenue is humongous.
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It exceeds $14 billion
annually. When the whole world is under the jaws of
financial crisis, getting a job can be a very tedious
task. But Dubai, the capital of United Arab Emirates
has become the famous place for both professionals
and for part time job searchers.
One of the prime business opportunities in Dubai is
real estate. That’s right; the real estate industry
in Dubai alone contributes 22% to the cities GDP.
The tax-free income system, international commercial
network and advanced infrastructure are some of the
advantages attracting the myriad investors to Dubai.
The transportation facilities from the port to warehouses
are unmatched in terms of efficiency and operations.
Besides the above, as a prominent trading hub in the
Middle Eastern region, Dubai offers easy access to
an immensely potent economic sector for international
business. |
Different
Categories Of Business Organizations In Dubai
There are 7 categories of business organizations
in Dubai and they are:
General partnership company
Partnership-en-commendam
Joint venture company
Public shareholding company
Private shareholding company
Limited liability company
Share partnership company |
Setting
Up Business In Dubai
Dubai is a destination, which aims to cater
everyone and offers all the rudiments of comfort
and convenience. Dubai is one of the best places
to set up business operations. The conditions,
rules and laws for the same are very liberal
and attractive as compared to many other countries.
Thus Dubai has established itself as a great
economic force, attracting more and more organizations,
entrepreneurs and investors to set up their
businesses here. There
are many options for foreign or international
corporations wanting to start operations or
initiate new businesses in Dubai. Apart from
forming a trading relationship, for many companies
there are distinct advantages in physically
being located in Dubai city in order to conduct
research, market to prospective customers,
make business contacts and to liaise with
customers. |
Licenses
For Setting Up Business In Dubai
All businesses, whether industrial, professional,
trading or services, must be licensed to operate
in the UAE. Licensing procedures vary from emirate
to emirate and the relevant details are available
from the individual Chambers of Commerce.
To establish any business in Dubai, a license
is the most important for business. The licenses
are issued by the Dubai Economic Department
depending upon the nature of business. They
are of three types which are:
Commercial licenses - that
are required for any kind of trading.
Professional licenses - that
licenses which are required by professional
service providers such as, craftsmen and skilled
labor etc.
Industrial licenses –
that licenses are needed for establishing any
industrial or manufacturing operation.
There are more detailed laws that apply to businesses
engaged in oil or gas production. Jewelry and
insurance businesses require financial guarantee
issued by a bank based in Dubai. |
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