How Local sponsor helps in business setup in Dubai?

Starting a business in Dubai with the help of a local sponsor typically involves these steps:

Choose a business name and check its availability with the Department of Economic Development (DED).

Determine the type of company you want to form and obtain the necessary licenses.

Choose a business location and rent office space.

Find a local sponsor, who must be a UAE national and who will act as a silent partner holding 51% of the shares in your company.

Register your company with the DED and obtain a trade license.

Obtain visas for yourself and any employees.

Open a bank account in the name of your company.

Set up utilities and telecommunications services.

It is advisable to seek professional assistance and negotiate a clear agreement with your local sponsor to ensure that the terms of your partnership are clearly defined and understood by both parties.

To form a company in Dubai, you will need to follow these steps:

1. Choose a business name and check its availability with the Department of Economic Development (DED).
2. Determine the type of company you want to form and obtain the necessary licenses.
3. Choose a business location and rent office space.
4. Register your company with the DED and obtain a trade license.
5. Obtain visas for yourself and any employees.
6. Open a bank account in the name of your company.
7. Set up utilities and telecommunications services.

It's important to note that Dubai has several free zones with specific requirements and benefits for foreign investors. These free zones may have different procedures for company formation. It is advisable to seek professional help to ensure compliance with local regulations.

Business setup in dubai as a foreign investor entrprenuers

Setting up a business as a foreign investor in the United Arab Emirates (UAE) involves the following steps:

Choose a location: Decide on the emirate you would like to set up your business in and whether you want to set up a mainland or free zone company.

Determine business activity: Identify the type of business activity you will be engaged in and ensure that it is allowed in the UAE.

Choose a business structure: Decide on the legal structure for your business, such as a limited liability company (LLC), free zone company, or branch office.

Obtain approval and licenses: Get the necessary approvals and licenses from the relevant authorities, such as the Department of Economic Development or the free zone authority.

Register your company: Complete the company registration process and obtain a trade license.

Open a bank account: Open a local corporate bank account to manage your company's finances.

Hire employees: Recruit and hire employees as necessary for your business.

It is recommended to seek the help of a professional service provider, such as a law firm or a business setup consultant, to assist with the process and ensure compliance with local laws and regulations.

Business Investor visa process in dubai

The process for obtaining a business investor visa in Dubai, United Arab Emirates (UAE) is as follows:

Choose a business activity: Determine the type of business activity you want to engage in and ensure it is allowed in the UAE.

Choose a location: Decide on the emirate you want to set up your business in, such as Dubai or another emirate, and whether you want to set up a mainland or free zone company.

Incorporate your company: Register your company with the relevant authorities, such as the Department of Economic Development or a free zone authority, and obtain a trade license.

Obtain visa eligibility certificate: Once your company is registered, apply for a visa eligibility certificate from the General Directorate of Residency and Foreigners Affairs.

Apply for a visa: Submit your visa application along with the required documents, such as passport copies, proof of financial stability, and a medical certificate, to the relevant authority.

Complete medical examination: Undergo a medical examination at an approved medical center.

Receive visa: Upon approval, your visa will be stamped in your passport, allowing you to enter the UAE and start your business activities.

It is important to note that the process and requirements may vary based on the type of visa you are applying for and the specific circumstances of your case. It is recommended to seek the help of a professional service provider, such as a law firm or a business setup consultant, to assist with the process and ensure compliance with local laws and regulations.