03/02/2022
Firstly, choose an appropriate business activity and read thoroughly the UAE market. Understand the statistics, feasibility, and profitability of a particular activity. After selecting the business type, pick out the location to set up the business. The UAE market has three main economic regions - Mainland, Freezone, and Offshore. Each zone has its own sets of rules and regulations effective to business set-up. Then, finalize the legal structure of the business. This sets the tone and structure of how one should organize or manage the resources. And apply for the approval of the company name and activity. The next important step is to register the company and get an official license. The Department of Economic Development issues this license and grants approval. Make sure to get the Memorandum of Association followed by applying to open a corporate bank account. Finally, get the issued tenancy contract & Ejari (for a co-working space)
