How to set up a small business in Dubai?
According to the data released by the Department of Economic Development (DED) of Dubai – there are around 3,700 new business licenses issued every day in Dubai. These figures clearly represent a huge demand on small businesses and self-employment opportunities for individuals looking forward to gainfully engage and contribute towards the development and growth of this commercial hub of Middle East. However, knowing how to set up a small business is crucial before you actually decide about pursuing it as an occupation. So here we go. Before you start your own business or look for ways of starting a new business, first ensure that you have acquired all legal formalities such as registrations and procedures required by local authorities like DED/ Municipality/ Income Tax etc. Once formalities are completed, you will be issued with a trade license known as 'Al-Ijara' in Arabic. This is the first important step for starting your own business in Dubai. Following are few guidelines...