Business In Dubai | Operate Your Business Remotely
Business in Dubai: Types of incorporations in Dubai, the licenses they provide and how easily you can start
You can manage a business in Dubai remotely without hiring staff, but there are some important things you must first consider.
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Business in Dubai: Types of companies in Dubai
The types of companies incorporated in the UAE must take one of the following forms:
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- General Partnership
- Simple Limited Partnership
- Joint Participation (Venture)
- Public Joint Stock
- Private Joint Stock
- Limited Liability
- Partnership Limited with Shares
As a general rule, all companies must receive a license from the Dubai Economic Department for local companies, before starting a business. The three major types of licenses are commercial, professional and industrial.
Companies in the artisan or professional area are allowed to be 100% foreign owned, as are those registered in free zones, such as Dubai Internet City, Dubai Airport Free Zone, Dubai Media City, Dubai International Financial Centre and Jebel Ali Free Zone.
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Business in Dubai: Services
The following licenses can be obtained in Dubai:
- General Trading License
- Trading License
- Industrial License
- Service License
- National Industrial License
General trading is one of the most popular business activities in the UAE because you can import and export tax-free. A general trade license allows you to trade in just about any commodity allowable under the DED Activity Гидра зеркало List. Examples of commodities not allowed with a General Trading License are medical products, guns, alcohol, and cars. These require special approvals from whichever UAE municipality you wish to operate in.
The Hamriyah Free Zone offers a General Trade License for 35,000 Dirham that includes 5 visa allotments and an E-Office.
A General Trade License allows you to modify business practices in the future. For example, if you begin by trading in clothing, you can later change to computer products without having to apply for a new license.
Service Licenses are issued to companies holding a valid license from the appropriate government body in the UAE. With it, you can provide services such as banking, insurance contracting and other professional services.
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Business in Dubai: Savings and risks
Operating a business remotely is easier than ever thanks to new technologies and saves money because you don’t have to rent and furnish an office or hire staff. However, if you won’t be present when business transactions are being made, you will have to trust that whoever is conducting the business on your behalf will be honest and reliable.
Business in Dubai: How to start
The steps, in general, are as followings:
- Submit a completed questionnaire to the relevant Authority
- Receive a license application from the relevant Authority
- Submit license application
Consult with a knowledgeable agent who can advise you on the type of business you want to conduct, provide you with all of the details of applying for the appropriate license and submit the paperwork for you.
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