how to start a small business in Dubai with no money

Dubai is one of the most prominent global destinations for investors and freelancers, as it provides an ideal work environment and unique advantages that contribute to the success of businesses. Establishing a small business in Dubai is a strategic step that allows them to benefit from the opportunities available in the dynamic labor market. Today, through this article, we will review the advantages of establishing a small business in Dubai compared to other cities in the region and the types of companies suitable for them, in addition to special instructions for Arab freelancers. Follow us.

How to Establish a Small Business in Dubai

Establishing a small business in Dubai requires following a set of steps and legal procedures that ensure the correct start of the business activity. These steps include:

Determining the type of company

Freelancers must first determine the type of company they want to establish. There are several types of companies, including:

A sole proprietorship is suitable for freelancers who want to manage their business independently.

A limited liability company (LLC) provides legal protection for personal assets and is the most common option.
A branch of a foreign company. Freelancers who own companies outside the Emirates can open a branch in Dubai.
Choosing a company name

After determining the type of company, a unique name for the company must be chosen. The name must comply with local laws and not be similar to the names of other registered companies. It is preferable for the name to express the nature of the business activity.

Preparing the necessary documents

The incorporation process requires the preparation of a set of legal documents, which include:

• A registration application form that includes personal information and company data.
• A copy of the ID card and passport for all shareholders and directors.
• A lease contract for the company’s headquarters, which must be legal and signed.
• A model of the company’s establishment agreement (Memorandum of Association) and a model of the articles of association (Articles of Association).

Submitting the registration application

An application must be submitted to the relevant government agencies, such as the Department of Economic Development (DED) in Dubai. The application is reviewed and the submitted documents are verified.

Obtaining licenses and permits

After the application is approved, the necessary licenses must be obtained to practice the business activity. Licenses vary according to the type of activity and may include:

• A commercial license for general commercial activities.
• A professional license for professional activities such as consulting or services.

Opening a Bank Account

After obtaining the licenses, a commercial bank account must be opened in the company’s name. This requires submitting the required legal documents and papers.

Tax Registration

The company must register with the local tax authorities and comply with the tax legislation in force in the UAE.

Work Visas

If there are employees working in the company, the necessary work permits and visas must be obtained for them in accordance with local laws.

Starting a Business

After completing all the previous steps and obtaining all permits and licenses, freelancers can start their business legally.

Advantages of Starting a Small Business in Dubai

Starting a small business in Dubai comes with many advantages, including:

• Dubai provides a flexible work environment that allows freelancers to work from anywhere, making it easier for them to manage their businesses efficiently. Freelancers can use shared offices or work remotely.
• Dubai offers attractive tax exemptions, which reduce operating costs and increase profits; for example, there is no personal income tax on individuals.
• The Dubai government provides quick and efficient procedures for establishing companies, allowing freelancers to start their business within a short period of time. Most procedures can be completed online, saving time and effort.
• Dubai is a global business hub, allowing freelancers to access a wide network of clients and partners. They can benefit from trade events and exhibitions held periodically in the city.
• The UAE government provides significant support for emerging businesses, including training programs and workshops. There are also business incubators that support entrepreneurs and provide them with the resources they need to grow.

Types of companies suitable for freelancers

There are several types of companies that freelancers can establish in Dubai:

Limited Liability Company (LLC)

This is the most popular option among freelancers, as it provides legal protection for personal assets, can be owned by one or more people, and requires a local partner if owned by foreigners.

Sole Proprietorship

Suitable for freelancers who want to run their business independently without the need for partners, this type of company is easy to establish and allows for direct commercial activities.

Branch of a Foreign Company

Freelancers who own companies outside the UAE can open a branch in Dubai; this option allows them to benefit from the brand and resources already in place.

Free Zone Company

Establishing a company in a free zone gives freelancers benefits such as full ownership of the company and tax exemptions. There are many specialized free zones that support various commercial activities.

Tdabeer Company for establishing companies in Dubai

Our company, Tadbeer Company, provides a variety of services to support investors and freelancers in Dubai, which include:

• We provide comprehensive legal consultations to help you understand the local laws and procedures required to establish your company and help you avoid common mistakes that may lead to delays or complications in the establishment process.
• We handle all the procedures necessary to establish your company quickly and efficiently, without any hidden fees and with complete transparency. We help you prepare the required documents and deal with government agencies on your behalf.
• We provide business development services to help you grow and expand in the UAE market. These services include marketing strategies, business plans, and market studies.
• We provide technical and administrative support to ensure that your business runs smoothly. We help you manage daily operations and provide the necessary resources to achieve your business goals.

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