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FREQUENTLY ASKED QUESTIONS
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Which types of businesses thrive in Dubai?Here are the most profitable business ideas in Dubai, UAE: E-commerce and Online Business Tourism and Hospitality Fintech and Digital Payments Real Estate Development Health and Wellness Education Event Management
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What's the first step to starting a business in Dubai?Here are the key steps to set up a business in Dubai: Choose a business name or trade name Choose a legal structure Apply for a business license Choose an office space Get pre-approvals, register your business, and get your license
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How many Legal Jurisdiction exist in UAE?Navigating over 50 legal jurisdictions in the UAE can be complex, making it crucial to select the one that aligns with your business goals. Choosing the right business activity, securing the proper licenses, and obtaining full approvals are essential for legal and seamless operations. Don’t take risks with your business—seek expert guidance to ensure you make the right decisions from the start.
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Is starting a business in UAE consist of too much paperwork?Starting a business involves more than just getting approvals. There’s a maze of paperwork, from banking to legal requirements, and handling it all can be quite complex.
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Is setting up business in UAE time consuming?Is your time better spent elsewhere? Dealing with government authorities and departments can take up valuable hours, requiring patience and frequent travel. Instead, focus on your business plans and strategies while we handle the rest.
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How to check uniqueness of a Business Name? And what are the chances of my Business Name to be denied?Choosing a business name is essential. To ensure your name is unique and compliant, submit a request to the Department of Economic Development (DED). Avoid selecting a name already in use or one that violates profanity restrictions, as names that don't meet these criteria will be rejected.
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Knowledge about Legal Structure of Businesses?The legal structure you choose for your business will significantly impact its daily operations, including how you manage assets, profits, and losses. Options for legal structures include Limited Liability Companies (LLCs), Sole Proprietorships, local branches of larger corporations, civil companies, foreign company branches, holding companies, and free zone companies.
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A few details about documentation and time taken for documentation?To apply for a business license, you'll need essential documents such as passport copies for all partners, shareholders, and board members. The processing time can vary from a few days to several weeks, depending on the industry and the specific business activity you've selected.
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Is Bank Account required in UAE for the process?To effectively manage your business, opening a bank account is essential. Dubai offers a range of prestigious banking institutions, such as HSBC, Citibank, and Barclays, among others.
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