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Setting up a business is a strategic business decision and requires a lot of research and local knowledge especially in UAE where more than forty free zones are operating. Our business advisor will assist you in choosing the right strategic location suitable to your business needs.
Collect and verify all required documents
Get the business
license
Initiate the visa
process
Open a bank account
in the UAE
There is a certain pride that comes with the identity of your own business. It’s no longer that big idea you’ve had in your head all these years. It’s now a real thing that legally exists; with its own name and address.
In today’s modern world, most customers, especially corporate customers, expect a serious and responsible business to be registered. In fact, most companies will not do business with an unregistered business. In certain cases, it’s against the law for regulatory and tax reasons. Think about it for a moment: If your business is not registered, how can you issue receipts to customers for products you sell or services delivered?
A registered business is an asset (like a house, car and other properties) that can be passed down (as an inheritance) or sold by its owners to a new generation of people who can continue to own and run the business. Registering your business will help you achieve your dreams of continuity.
This is arguably the biggest reason why many people have to register their business. Without the legal protection of limited liability, you could lose your business and personal property if something goes wrong (say somebody sues you to court for heavy damages).
For banks, there are basically two categories of loans; Personal and Business Loans. They’re both totally different and one cannot be used to represent the other. As a result, most banks will gladly lend you money to buy a new car or house but none will give you money to fund a business that isn’t registered. To qualify for a business loan, the Number 1 and non-negotiable requirement is that your business must be registered. Period!
In many countries, businesses are given tax concessions as a way to encourage people to build businesses & stimulate the economy. This means that once you are earning a certain amount, it is better for you to run the business in a company structure as the tax man will take less of your dollars.
