Starting a business in any part of the world requires complete research and analysis to get the best setup for your company. The process includes drafting a blueprint, setting your budgets, taking care of all the legal formalities, etc.
INTRODUCTION
Dubai has been continuously attracting major expats from all over the world. Moreover, the UAE has left behind many gigantic countries such as the USA, Canada, the UK, Australia, and many more. This has been possible because of the high standards set by the UAE government.
Furthermore, Indians are choosing Dubai as their favorite startup destination along with Singapore and other countries. So, what are Indians being attracted to? Well, the majority of Indian entrepreneurs find it difficult to set up their business in India. These hurdles are easily overcome by the government in the Emirates.
With the government supporting and welcoming small and medium enterprises in the region, they are giving their best to make the laws and rules more flexible than before. This also includes the golden visa program that has lured the maximum Indian tech startups to the UAE.
What is the golden visa program?
The golden visa program is being introduced to promote more and more new businesses in Dubai and the UAE. A golden visa is issued for five or ten years and is basically a long-term residence visa for the UAE.
The visa is extremely helpful for international investors, emerging entrepreneurs, service providers, professionals, along with students who want to pursue higher education in the Emirates.
Talking about the importance of the golden visa, it allows foreigners to work, study, live, and start a business in the UAE without having a local sponsor and ensuring 100% foreign ownership of the company in Dubai and the UAE.
How has India contributed to the economy of Dubai?
Did you know that Indians have been a large part of the economic revolution in Dubai? Going with the statistics, Indians contribute over 30 percent of the total startup community in Dubai. The diverse population of Dubai is majorly dominated by numerous grand Indian companies.
Why Indians should consider starting a business in Dubai?
As a business person coming from India, Dubai is indeed the best choice to begin your business anywhere in the world.
Here’s a list of the major benefits that will surely convince you to start a business in Dubai-
1.100% ownership for companies
The best part of starting a business in Dubai is the introduction of 100% ownership in Dubai Mainland. This rule holds for about 122 business activities in the region. You just need to choose your preferred jurisdiction among mainland, free zone, and offshore and proceed with the next steps of the business setup in Dubai.
2. Flexible laws
The UAE government has left no stone unturned to get expats on board to set up their businesses in Dubai. Indians can take complete advantage of the laws that allow the businesses to obtain their trade license quickly and that too in a very simple manner.
3. Tax exemptions
Dubai has a good opportunity to give you an international platform to the Indians in terms of taxes. When you start business in Dubai, you get a good return on investment (ROI) without having to pay a lot of corporate taxes. Even for specific business operations, you need to pay a mere 5 percent VAT (as applicable).
4.Location and connectivity
There is no denying that Dubai and India have great connectivity in terms of air, water, and land. Being a close neighbor, the Indian capital is just about 3 hours from Dubai (when you choose to fly to Dubai).
Coming to the location, Dubai has one of the best strategic locations in the world. It allows for better and time-saving export import facilities. Dubai has some of the best ports in the world such as Jebel Ali Port which serves as a gateway to many major countries including India.
How can Indians start a business in Dubai?
Follow these steps to start a business in Dubai-
1. Choose your business niche
Start with selecting the business niche that you prefer to set up in Dubai. This will help you choose the right trading license for your business activities.
2. Select the business name
The business name is the major part of your business that will play an important role to start your business in Dubai. Simply go through the rules that are important while naming your company.
3. Register your business and apply for the license
After the business name has been decided, go for the type of jurisdiction that suits your business among mainland, free zone, and offshore. The next step is to register your business with the concerned authorities in Dubai and apply for the license by submitting all the required documents.
1.Obtain required visas
As an Indian looking to set up your business in Dubai, getting visa approvals on time is very important. The number of visas can be obtained depending on the nature of the business.
2. Look for office space as per jurisdiction
Renting an office space depends on the choice of your jurisdiction. This means that if you are choosing a free zone or offshore location, you might not need to have a physical office setup, whereas for the mainland you can have an office set up in Dubai as per the business requirements.
How can RadiantBiz assist your business setup in Dubai?
RadiantBiz is the best business setup consultant in Dubai, UAE. Our team has more than 12 years of experience in the business setup domain as we understand the client’s business requirements and assist them accordingly.
What we can assist you with-
- We will do all the work for you, starting with getting all the third-party licenses approvals, such as-
- Dubai Municipality
- SIRA (Security Industry Regulatory Agency)
- Ministry of Health
- KHDA (Knowledge and Human Development Authority)
- Dubai Marine Time
- Dubai Civil Defense
2. When it comes to obtaining employee visa permits in Dubai, we offer a trustworthy process where you will be able to get smooth immigration services from the Ministry of Labour.
3. We will also assist you in how to open Business bank account in Dubai leading banks
FAQs
1.Is it possible for Indians to start a business in Dubai?
Yes, it is possible to start a business in Dubai for Indians. Moreover, Dubai is the best location for Indians if they are looking for a new global business setup.
2. How do I choose my jurisdiction in Dubai?
Dubai offers three choices in business jurisdictions, namely- mainland, free zone, and offshore. The choice of jurisdiction depends on the nature of your business. Furthermore, it is advisable to hire RadiantBiz, the leading business setup consultant in Dubai for complete guidance
3. What would be the expected cost of the business setup in Dubai?
The cost of business setup in Dubai depends on the nature of your business, number of visas, office space, and many other factors. For an instant estimate use the cost calculator tool from RadiantBiz.
Finally, starting a business in Dubai With the assistance of a leading business setup consultant in Dubai, a freezone is an excellent way to get started in this amazing city. There are numerous advantages to doing so, including the low cost of establishment and the numerous opportunities for networking and growth. If you’re thinking about starting a business in Dubai, the Dubai Freezone should be your first choice.
Why RadiantBiz ?
RadiantBiz is the most respected business setup consultant in Dubai if you are looking to set up a business in the Dubai free zone. Our experts have the knowledge and experience necessary to successfully establish your ideal business in Dubai’s free zone. When you work with us, you won’t have to worry about the inconveniences that you might otherwise encounter. We will handle all of your licences, paperwork, and permissions. Contact us right away!
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