So, you want to start a company in Dubai from Bangladesh, right?

Well. This is not a lengthy process anymore. In fact, the opportunities in Dubai are huge. Being a global business hub, Dubai allows investors to invest in the country. As part of the process, you can establish your own business in the country.

How to do that?

That is a million-dollar question. But if you know the details, everything will be easier for you. This post covers all the aspects of setting up a company in Dubai, particularly from Bangladesh.

Let’s start exploring the facts and figures. In the end, you will have a comprehensive idea about the process.

 

Benefits of establishing a company in Dubai

Dubai, undoubtedly, is a leading and dynamic business hub for global entrepreneurs. The country offers a wide range of benefits and flexibility to business owners, especially the expatriates.

First of all, you will have to pay no income tax. The amount you get from your business is completely free of income tax.

Besides, the business establishments in Dubai belong to world class. The infrastructures and facilities associated with them are praiseworthy.

The other interesting and impressive factor is that the country has a wide range of consumer bases. Estimates suggest that over two billion consumers are in Dubai. So, no matter what your business product is, you have huge chances to grow.

Business ownership is another factor that attracts foreign investors to Dubai. If you are from Bangladesh, you do not need to have any local partner to run your business. Instead, you can recruit local employees for the business activities.

 

Business zones 

If you want to Start a Company in Dubai From Bangladesh, you need to consider certain number of aspects. First is the business zones.

Now, there are three business zones available in Dubai. They are –

• Mainland,
• Free Zone

Each of the zones have their distinctive features. Let’s have a look at a glance.

Mainland

Mainland in Dubai is the key source of attraction for foreign investors. The businesses established in this zone get numbers of features and benefits. The first and most impressive one is the ownership.

When you establish a business in mainland, you get 100 percent ownership of the business. Also, you can directly run the business in different UAE markets and customer bases.

Another important factor is that you can operate your business across the UAE. This is a specialized feature for this zone.

Businesses in other zones are unable to get government contracts. They also cannot hire as much employees as they need. But the restrictions are not applicable for the mainland businesses.

Free Zone

If you open a business in the free zone, you will get certain privileges. You will be able to get the sole proprietorship of your business. Also, you will have access to banking and visa-related activities without any trouble.

Besides, the Dubai authorities will not impose any customs duty on your export and re-export of your goods and services. If you want to setup a large scale business, you can do this here, as well.

Moreover, if you are a small-scale trader, you can establish your business here. Running smaller businesses are more prevalent in the free zone.

Offshore companies

In line with the aforesaid zones, you can run an offshore company. And this case, you will get some benefits. Like the previous two zones, you will have hundred percent ownership of your business. And you will require no office space to run your business.

At the same time, no local tax will be levied on your business or income from the business.

Steps to follow

If you want to Start a Company in Dubai From Bangladesh, you will have to follow the steps below.

Step 1

As the first step, you need to set your business plan. In other words, you should have a plan that which business you want to start.

In Dubai, more than 2,000 business activities are in operation. They are running businesses smartly, efficiently and growing gradually.

Accordingly, you should also have such a plan that which type of business you want to operate in Dubai.

It could be an IT business, a real estate business, export and import of goods, food and beverage, e-commerce, general trading or anything that the Dubai law permits.

Step 2

IN this step, you have to select the jurisdiction of your business. In a nutshell, you need to decide where you want to setup your business. It could be the mainland, or could be in the free zone or the offshore.

The mainland is suitable for the physical stores and outlets. The free zone is mostly suitable for the online businesses and entrepreneurships. And you can use the offshore method for international trading.

Please note, if the jurisdiction is the not the right one, the business cost may get an unnecessary expansion. Hence, getting a navigational guideline from experts like us would ease the process.

Step 3

In this step, you have to select a name for your business and apply for the approval from the Dubai authorities.

However, while naming the business, you have to comply with certain issues like your name should be pleasant, should not contain any part of any other business, without abbreviation, among others. The authorities will verify all the issues and then will finalize the name.

Next, you have to apply for the UAE governmental approval of your business name. The initial approval process may take up to three days.

While applying for the name registration, you have to provide information and documents like your business activities, details of your shareholders (if any), passport copy, photograph, personal information sheet, among others.

As you are from Bangladesh, also you have to provide a few supporting documents like your national identity card issued by the government of Bangladesh, your local address, your cell digits, and email for communication.

Please note, you may also need some documents that should be attested from the Ministry Of Foreign Affairs of Bangladesh, from the UAE embassy located in Dhaka and from the Ministry of Foreign Affairs of the UAE.

If everything is alright, you will get your final business license (also known as trade license) within one week.

Step 4

You are almost done. This time, you have to select the office space. It could be a flexi desk, or a shared office, or a dedicated office. If you are large businessman, you can have your own warehouse or retail shop outlet.

Step 5

When you are setting up a business in Dubai, you will need an investor visa to stay in the country and run the business.

In line with the investor visa, you have to apply for the employee visa, and dependent visa to bring your spouse and children in Dubai.

Note that the investors visas have their validity for up to two years, and in some cases, it is three years.

Step 6

To Start a Company in Dubai From Bangladesh, you need a corporate bank account. The bank account will be used to financial transactions of your business. Also, it will ensure transparency in the business and all other activities.

Please note that some of the banks may require proof of your financial transaction in your native land. You have to provide them with required documents obtained from the bank.

End note

This was all about the business starting from Bangladesh. The process is pretty simple. But you need expert directive. Otherwise, you may face some unwanted issues during the initial phases which may result in delays, and expansion of costs.

However, if you need any sort of support to Start a Company in Dubai From Bangladesh, contact us now. Our experts will guide you through the entire process. They will help you from getting the company registration to first day of business operation.

Make the right decision, expand your business and contribute to global economies.