If you are an entrepreneur looking to start small business, Dubai is the perfect destination. You can easily set up a small-scale business in Dubai without much of a hassle. But there are a few steps you must follow before how to start small business in Dubai.
Here are the steps to start a small business in Dubai:
1. Choose Business Activities
The first step of starting your business would be to decide the type of business activities you want to perform. As a small-scale business company, there is a wide range of business activities you can choose from. From professional and service-based businesses to product sales, you will have a variety of choices for your business activities in Dubai.
You must decide the type of business activities you are good at and can make a profit while performing them. After that, you must conduct a market analysis and come up with a business plan.
2. Select a Name
Choosing a name for your small-scale business is very important. These steps totally depend on you. You must be careful while choosing a name because this is the name your potential customer will be introduced to before doing business with you.
You must follow the rules and regulations of the local authority while choosing a name for your business. You will also have to make sure that the name you choose is unique in Dubai and doesn’t contain any racial slurs.
3. Select a Business Location
There are two options available to you to choose from for your business location. You can either choose to set up your business on the mainland or one of the free zones.
Different locations will offer different benefits to your business. You must make a choice considering which location and benefits are better suited for your business.
4. Rent or Lease an Office Space
Next, you will need to lease or rent an office space as the base of operation for your company. The factors you must consider while choosing an office space are location, size, cost, and the facilities it offers. You will also need to consider the number of employees and the resources you will need to store.
You can choose to either rent or lease the office space. You must choose the option that offers the best value for your cost.
5. Submit Business License Application
You will need to acquire a business license to conduct your business legally in Dubai. You can obtain a business license from the Dubai Department of Economic Development (DED). You can apply for a business license through the online portal of DED.
You will need to fill up the application form online and submit relevant documents. You must be careful to make sure that the information is accurate.
6. Pay Fees and Receive the License
The authority will take some time to process and approve your application form. Once your application is approved, you will need to pay the relevant fees. After that, you can collect your business license from DED and start your business activities.
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