For centuries, Indians have remained the most prolific international investors in Dubai and various other parts of the United Arab Emirates. The diverse business model in Dubai has expanded the horizons for Indian startups brimming with dynamic ideas. Moreover, several Indian ventures have created new avenues of business in Dubai. As a result, many entrepreneurs are looking to start business in Dubai for Indian investors, capitalizing on the city’s welcoming environment and opportunities.
So, if you are one of those with an innovative idea and are motivated on starting your own business in this region. Here are all the Whys and Hows of Indian startups setting business in Dubai that you would know!
WHY DUBAI?
Governmental Boost
The Dubai government provides remarkable opportunities for company registration process in Dubai.
The authorities of Dubai offer new company registration in Dubai with several tax exemptions, the convenience of connectivity and solid infrastructure. Moreover, the liberal policies highlighted for Indian investors and the business setup structure mainly focusing for Indian nationals allow starting a business in only three working days. (With the necessary documents and approvals)
Strategic Location
Dubai is a gateway between the Eastern and the Western countries and enjoys various perks of being a centralized location. Dubai also acts as an entry point to setting up business across the Middle East region, with its relaxed norms and cosmopolitan population. From India, Dubai is only a three-hour flight that makes it a convenient base for Indian companies to monitor and regularize their businesses in the global market. Moreover, the city is home to the largest marine terminal – Jebel Ali Port; the most connected airlines – Emirates and low-cost airline Fly Dubai – which also makes Dubai the best destination for distribution and trading companies. World-renowned infrastructure offering unlimited office space and the extraordinary round-the-clock communication and internet facilities – is an add-on to the business in Dubai, UAE.
Taxation
Dubai offers profitable opportunities for Indian business investors with no personal or corporate taxation system. Unlike, the various taxes applied to investors and businessmen in India as well as around the world – Dubai does not only offer a base for such depositors but also builds up a tax saving. Though with the recent development in the tax system in UAE, VAT has been implemented and excise tax is also applied to some product in the UAE. Nevertheless, the taxation benefits surpass the Indian taxation policies. With low import duty, free trade, double taxation agreements, you can be assured to have a lucrative business setup in Dubai, UAE.
How to Start Business in Dubai for Indian
If the above features have enticed you, and you are planning on setting up a business in Dubai or willing to know the Dubai company registration costs? Then take a note of the below steps on how to start a business in Dubai:
- Reserve a company name or a trade name / Trade name registration
- Setting up business in Dubai require you to register the company at the Department of Economic Development.
- Notarize the company’s Memorandum of Association at Department for Economic Development.
- Submit and sanction the company documents with Department for Economic Development for starting a company in UAE or even in Dubai.
- Get the Trade License fitting your business activity and jurisdiction
- Register for membership at the Dubai Chamber of Commerce and Industry (DCCI)
- Apply at the Ministry of Labor for the establishment card
- Register employees with the Ministry of Labor
- Register employees with the General Authority for Pension and Social Security
- Rent or Lease an Office
Get in touch with business setup service providers, to derive a professional and well-informed outlook for your business.
If you are still not sure how to register a company in Dubai contact Shuraa Business Setup. Shuraa Business Setup is a leading business setup service provider in Dubai offering company formation solution in Dubai and all over UAE.
