If you want to start a business in Dubai with minimal capital and want high returns on investment, then you better prepare a strategy for it. There are many top business opportunities that this place offers; however, you should look for the one that meets your choice and interest. You can consider many good options including recruitment agency, real estate sector, education business, e-commerce, consulting, bookkeeping, apparel, and advertising.

If you are a foreign investor and want to start your company or business in Dubai, then you should work on the various factors listed below to make your business idea successful.

1.Determine Business Type

The booming economy of Dubai attracts many investors to start a new business or open a new branch in the city. It is vital that you determine the type of business you want to go with. The type of business will help you to decide the type of business license you need to apply for. There are three types of trade licenses in Dubai, which includes industrial, commercial and professional.

When you are done with determining the business type, you now need to define the business activities you want to undertake before applying for any of the above licenses. You should be well aware of the fact that not all businesses are allowed in Dubai and they require Government approval.

2. Choose Appropriate Office Location

You need a convenient and suitable location for your business; therefore, you should look for perfect office spaces in Dubai. You should choose the office location wisely so that your employees and customers can visit you easily. It helps your business grow easily and make the people reach you without any hassle.

No doubt, the city ensures business profits only at certain conditions. If you do not have office space at an easily accessible or ideal location, then your clients will not be able to reach you and this will in-turn down-size your business. Many online portals allow you to find out the commercial or office space on rent in this city; therefore, you can surely go for it.

3.Legalities

The type of business and activities determine the legal form of your business or trade. Acquiring adequate knowledge is vital; therefore, you should know all about the legal form takes into accounts such as the activities, ownership option, business type, the nationality of the owner, and numbers of owners.

You may have to seek the help of a lawyer. He may provide you the right assistance and guidance on legal form. He can suggest you the way to have a flawless legal form or process.

4.Visa

You need a residential visa if you want to start your business in Dubai. You and your employees are allowed to work in the city only after having an eligible visa. How many visas do you need to start a company in Dubai? It all depends on the business type, nature, office size, and employee or investor category.

5.Company Name

Your business’s name refers to the nature and type of business. You need a new company name if you are not a branch of any other business or company. First of all, you need to determine the company name and get it registered online or with the help of a relevant person. You can get this name approved only when it is translated in Arabic or English.

6. Issue Establishment Card” to Hire Employees

Ministry of labor will issue an Establishment Card that you need to hire employees for your business or office. This card issuing process is a vital step in the 5-stage recruitment process in Dubai.

This is a step by step guide to help you out in setting your business in Dubai; therefore, follow these vital steps and go for a successful business along with fruitful employees in Dubai!