Dubai is escalating to be a business center in the Middle East. For the past few years, the emirate’s government has been making flexible legislation to make it easy for anyone to do business in the UAE. Although setting up an organization or business office is notably straightforward in Dubai, it includes legally sensitive steps and other procedures that shouldn’t be overlooked. This article will walk you through the three important stages of setting up an organization in Dubai.
Choosing The Business Activity
Firstly, when you set up an organization in Dubai, it’s crucial to decide the business activity. This is because only your chosen business activity will steer clear of your goals, vision, and most importantly, the legal route and procedures you need to take to establish your business.
Starting a business without specifically narrowing down or choosing a business activity will put all your efforts, energy, and investments in vain or somewhat all over the place with no proper direction.
In Dubai specifically, the nature of your business will impact which free zones you can and should set up your business in. For instance, some free zones will only allow certain types of business activity, this includes medical, transport, and media. And apart from this, if your business deals heavily with import and export, it’ll only be feasible and profitable to choose a free zone near an airport or port.
Choosing The Company Name
Although many people think that naming a business or choosing a company name isn’t something serious –in truth, it is. Countries like UAE have some strict naming conventions, and it’s essential to make sure you conform to these before committing to a company name.
According to UAE laws, business or company names cannot include offensive language. In addition, they cannot have terms that refer to Allah, Him, or other religious, sectarian, and political groups (FBI or Mafia).
And as per the general business naming standards in many countries, if you decide to name your business after a person, that person should be either a partner or the owner of the company – and their full name must be included.
Besides legal reasoning, choosing the right name for a business is essential business-wise as well. This is because a business name creates a brand’s image in the mind of potential customers and shares the overall idea or a glance into what the business is all about. It also impacts internet searches and will avoid the chances of you going through all the costs of renaming or rebranding down the line.
Finalizing All Legal Procedures
Finalizing all legal procedures is the most prominent and crucial stage of setting up an organization. It’s also best to say that it’s an almost unavoidable stage and will always come with a fixed cost to entail. The legal procedures vary depending on the business, type, and country you’re planning to set up a business.
Also, the legal procedures you will have to follow will depend on the type of business activity you choose. Following and finalizing legal guidelines is not an essential stage for setting up a business alone but also for the effective functioning of business, business success. It is crucial to prevent all possible legal consequences from developing in the future.
We understand that setting up a business office may sound overwhelming, especially with the precise legal procedures it calls for. However, if you want to set up your business in a hassle-free manner, contact us at myOffice. As a leading business center in Dubai, we provide workspace solutions and company formation services to help you set up a business quickly and cost-effectively in the UAE.
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