Forming A Company In Dubai – Do This First
If you had decided to do business at Dubai, you must have also done some research into what it takes to start one. Dubai is a huge tourism and commercial center so it makes sense to expect some hardships during the process. In fact, it would make sense to find and hire a helping hand to help you establish your business in Dubai. It makes sense to do so as you may not be too familiar with the city especially if you’ve come from aboard. There are things to look for and pay attention on the type of business you might be considering. It is equally important to know about different regions of the city.
In case you didn’t know, Dubai offers two types of regions for doing businesses. The mainland zone is the situated at the heart of the city and is home to some of the biggest businesses in the city. Then, there are those free zones that are especially developed for entrepreneurs looking to set Dubai as the head office and conduct business operations to many different parts of the world. The second option looks more lucrative and it makes sense too. After all, you would be willing to expose your business to a bigger chunk of population instead of curtaining it to a smaller customer base. Here is more on how to maintain focus on the fundamentals of starting a business in Dubai:
Choose A Location
As discussed, the second thing you need to do is to choose a location to hire an office and operate your business from. Keep in mind that if you want to operate within the city, you will have to find the office in the mainland. Opting for free zones will not let you do business inside the vicinity of Dubai but you will have the opportunity to get a much larger audience and customer base. You will also get a number of free zone incentives which is not the case with businesses operating from the mainland region. Your free zone office will save you from paying taxes, duties and tariffs. This is not the case with businesses located elsewhere in the city.
Even more amazing is the fact that after a while, often within a year, you will be entitled to a full ownership to your business. So, are you up for the free zone business that you will have under your name in little time? If so, it is time to start considering this option.