• License: Just like most places in the world, any business in Dubai requires a license. Depending on the nature of the business you will have to apply for one of these three types of licenses: Commercial license, Professional license and Industrial license.
• Before you start and own a business in Dubai, there are a few ownership requirements that you have to fulfill.
The seven kinds of business organizations in Dubai are:
• A General Partnership Company - The partnership companies are restricted to UAE nationals only.
• Partnership-en-commendams
• Joint venture - A contractual agreement between a foreign and a local party licensed to engage in this activity.
• Public shareholding - Banking, Insurance and financial companies
• Private shareholding
• Limited liability - Can be formed with min of two and maximum of 50 persons
• Share partnership
All in all, Dubai is one of the best business destinations for setting up a company when compared to other countries. Dubai is the commercial hub and provides furnished offices to enable businesses to begin functioning at once. For the most satisfying business experience, all you have to do is log on to the internet and look for serviced offices in prestigious locations, in Dubai.