5 Simple Steps to Start your Business in the UAE

Ever wondered how it would be to start your own business in the UAE? The UAE has become a dream destination for starting up businesses for expatriates. We have broken down the process of starting a business in the UAE into five (5) simple steps.

Step 1: Plan your business model

A business model is a blueprint of your establishment that helps your business to navigate and conquer the specific market segment that you have focused on. The primary components of any successful business model are the identification of the products or services that you intend to sell or provide, the identification of the target market and the sources of financing and budget to execute the same.

Step 2: Find the right jurisdiction

Once you have the business model ready, choosing an ideal location to start your business is the most crucial part of the business setup process. The place of operation and activities of your business should answer the question of which location or jurisdiction you can choose. You can opt one of the three (3) jurisdictions in the UAE:

Mainland: This includes any territory inside the UAE which is not considered as a free zone. Recent amendments in the UAE company laws ensure that 100% foreign ownership of a business is allowed except for certain business activities. A mainland company can operate its business throughout the UAE.

Free Zone: These are certain territories spread throughout the seven (7) emirates which has its own special tax, customs and import structure offering expatriates 100% foreign ownership of the businesses.

Offshore: Essentially the one to choose if you are looking to carry out the business activity outside the UAE and enjoy attractive tax advantages with no office space requirements.

Step 3: Complete your documentation

Documents required to set up your company vary from one jurisdiction to the other. The most common documents that are required for all three (3) of mainland, free zone and offshore companies include a copy of the business plan, and the identification documents of the shareholders and directors such as the copies of their passports and the proof of their residential addresses. Additional documents and a simple KYC check may also be required depending upon the relevant jurisdiction that you choose to incorporate your company with.

Step 4: Registration

All the required documents are submitted to the relevant authority along with the memorandum of association and articles of association signed by the shareholders. The trade license of the business or the certificate of incorporation is issued by the relevant authority after they conduct an independent compliance check.

Step 5: Bank account and Residency visa

The final step would be to open a business bank account in the name of your company to receive payments. The banks typically enquire details such as the business plan, details of the primary customers and suppliers and the expected deposits. There are various options for opening a bank account in the UAE including banks such as Emirates NBD, Mashreq, RAK Bank and Emirates Islamic.

The issuance of a UAE residency visa depends upon the jurisdiction where you have incorporated your company. For mainland companies, there is no limit on the number of visas that a company can issue based on its requirements while a free zone company has limitations depending on the type of licence obtained for the business. No UAE residence visas can be obtained for offshore companies.

While the above highlights the five (5) basic steps that you need to take to start your business in the UAE, the actual process may vary from one company to the other. The entire process can at times seem a bit challenging to complete without professional help. InZone specializes in company formation and business set-ups throughout the UAE with the most competitive prices. You may contact us for any further questions about your proposed business set-up.

Let's Talk

Get a response within 4 business hours!

This field is required
This field is required
This field is required
This field is required
We will handle your personal data in compliance with our Privacy Policy

Recent Articles

How to Open a Franchise Business in Dubai

Dubai is a well-known international hub for business, and many choose to establish their businesses here due to its numerous advantages and if you are still waiting for the right idea to spark before entering the business world, franchising may be the way to go. A franchise is a business in which the proprietor licenses...
Read More ›

Understanding the Documents Required for UAE Business Setup

If there’s one thing that aspiring entrepreneurs dread before setting up a business, it’s the paperwork involved. Handling documentation, navigating procedures, and seeking approvals are commonly seen as challenging tasks. However, it does not have to be as complicated as it seems, especially when you hire a business setup consultant in the UAE to assist...
Read More ›

The Top Business Trends for 2024

As we go deeper into the year 2024, global business trends continue to evolve at a rapid pace. This growing change presents both challenges as well as opportunities for companies across industries. In this dynamic environment, businesses must prepare themselves to be innovative, sustainable, and adaptable at all times. In this blog, we will explore...
Read More ›

Everything You Need to Know About Crowdfunding in the UAE

We live in times when innovative ideas are abundant but securing funds remains a constant challenge for entrepreneurs. Crowdfunding in the UAE allows entrepreneurs with a vision to come together on digital platforms to gather the required funds. In this blog, we’ll tell you everything that you need to know about crowdfunding in the UAE....
Read More ›

The Importance of a Solid Business Plan for Startups

Starting a new business is an exciting journey filled with opportunities and challenges. Whether you’re launching a tech start-up or a small local cafe, having a solid business plan is crucial for success. A business plan serves as a roadmap, guiding entrepreneurs through the various stages of their venture. In this blog post, we’ll explore...
Read More ›

How to Build a Strong Personal Brand as an Entrepreneur

We are living in the most dynamic and constantly evolving times, especially when it comes to entrepreneurs and businesses. With the increasing competition and changing times, gone are the days when simply having a good product was enough to expand your reach as an entrepreneur. Connecting with your audience on a deeper and emotional level,...
Read More ›

4 Time Management Tips Every Entrepreneur Should Follow

Time is one of the most precious resources for entrepreneurs. As an entrepreneur in today’s times, you need to be quick on your feet and effectively use your time. An entrepreneur has to juggle all those urgent tasks, different projects, and responsibilities to make the most out of the day and push the business forward....
Read More ›

How Corporate Tax Will Apply to UAE Businesses in 2024?

Although it has been more than two years since the announcement of the UAE Corporate Tax, it continues to be a puzzling concept among business owners. Given the recent implementation of CT, business owners are still grappling to understand certain concepts associated with the tax. Add to this the fact that the regulations around this...
Read More ›

Why Outsourced Accounting is Vital for UAE Businesses?

In any business endeavor, improving operational efficiency and cutting expenses is a top priority, and a common way to achieve this is through outsourcing. For those who are unfamiliar with this term, outsourcing is the practice of hiring a third party to handle specific tasks within your business operations. In a competitive business environment such...
Read More ›
We Accept

We accept the following credit cards. Our website is secured with SSL 256 Bit Encryption.

We accept credit cards
Why Choose InZone
  • We provide 30 day money back satisfaction guarantee to all our clients.
  • We provide 100% confidentiality to all our clients.
  • We provide a dedicated account manager.
  • We provide bank account opening assistance through our well-established banking relationships.
Refer & ReceiveRefer and Earn
Contact Us