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Business in UAE

Getting started

Starting a business in UAE is becoming quicker and easier than ever, in line with the vision of the Department of Economic Development to help business owners launch and expand their operations without the need for lengthy processes and administration.

The DED is the government body entrusted to set and drive the economic agenda of the emirate of Dubai, UAE. DED and it’s agencies, Dubai SME, Dubai Exports and Dubai FDI, develop economic plans and policies, identify and support the growth of strategic sectors and provide services to domestic and international investors and businesses.

Opening an office

Licensing a company can be fast tracked to get you started quickly, with full licensing processes being completed in parallel. Your business can be up and running in about a week once you have sorted the legal procedures.

Here’s a quick guide to key business start-up essentials

What type are you?

To begin, you will need a license from DED, a body which restricts the share of foreign ownership. Your business type determines which licence you require and this in turn, will define your operations. Key licence types are commercial, professional and industrial but there are over 2000 activities to choose from.

Bear in mind some activities, such as aviation operators, food and pharmaceuticals distribution, jewellery, veterinary and legal practices do require additional government approvals.

Key steps

  • Select a business activity
  • Select a legal form
  • Select a trade name
  • Apply for initial approval
  • Prepare MOA & LSA agreement
  • Establish business location
  • Get approvals
  • Collect a business license

For more details click on below link:

http://dubaided.ae/English/OurServices/Pages/default.aspx

 

How to be fulfilled in your business

Fulfillment and success are deeply connected to the needs of our soul.

  • Be less realistic, don’t ask yourself so often: “Is it worth it”
  • Dream, develop ideas, be playful, find a cause
  • Get inspired
  • Be of service to a broader community and solve problems
  • Your greatest joy will not come from grabbing something for yourself, it will come from giving something
  • Have a greater sense of purpose in your life
  • Feel summoned
Invest in the activities, not the goal

Forget about the outcome.

Clearly envision your goal and then put all your passion into the process. Just do the very best you are capable of. When you focus on the activities, you will enjoy the journey and not be under stress.

The more you are detached from the goal, the higher the probability that you will achieve what you have wished for.

The universe is your ally

Life will not go your way sometimes. But when you don’t label things happening, you will not suffer. You are an instrument of the universe, this is your path in life. Be patient. Sometimes you need to pause. Get inspired by nature. It’s simply not possible to plant seeds every day. Things need time to develop and grow. Let the universe guide you. It gives you what you need at the time you need it.