Dubai is one of the most dynamic and diverse places in the world, with a population that's as multicultural as it is visionary. It's a city where you can do anything from skiing in the winter to kite-surfing in the summer, dance at glitzy nightclubs or go on safari, and explore ancient forts and modern skyscrapers.
Step One: Choose a Name for Your Company
Choosing a name for your company is an important first step in the process of registering a business in Dubai as a foreigner. The name you choose should be reflective of the products or services you plan to offer, and it should be easy for potential customers to remember and find. Once you have chosen a name, you will need to register it with the Department of Economic Development.
Step Two: Filling Out the Registration Form
The next step in registering your business in Dubai is to fill out the registration form. This form can be found on the website of the Department of Economic Development (DED). The DED is responsible for issuing licenses and permits for businesses in Dubai, so it's important to make sure you have all the required information before you begin filling out the form.
Step Three: Obtaining a License
As a foreign investor, once your company is registered with the Department of Economic Development, you will need to obtain a trade license before you can begin operating. The type of license you will need depends on the nature of your business. For example, if you are planning on opening a restaurant, you will need to apply for a food and beverage license from the Municipality.
Step Four: Opening a Bank Account
The next step to setting up your business in Dubai is to open a bank account. This may seem like a daunting task, but with a little preparation, it is relatively easy. The first thing you need to do is gather all of the required documents. These include your passport, residency visa, trade license, and incorporation certificate. Once you have all of these documents, you can begin the process of opening an account.
The next step is to choose a bank. There are many banks in Dubai, so it is important to do your research and choose one that meets your needs. Once you have chosen a bank, you will need to open an account with them. This process will vary depending on the bank, but generally, you will need to provide the required documents and some initial deposits.
Registering a business in Dubai as a foreigner is not as difficult as it may seem. With the help of an experienced PRO or lawyer, the process can be completed quickly and smoothly. The most important thing to remember is that you need to have all of your documents in order before you begin the registration process. If you have any questions or concerns, be sure to speak with one of our expert PRO’s to guide you through the process.