WANT TO START A CONSULTANCY IN DUBAI - UAE?
Dubai is a major hub for construction in the Middle East, and the city offers a number of opportunities for businesses in this sector. The following are the steps involved in setting up a construction business in Dubai:
Steps involved in setting up a construction business in Dubai
Choose a business structure
Choose a business structure. There are two main types of business structures in Dubai: mainland companies and free zone companies. Mainland companies are subject to UAE federal law, while free zone companies are subject to the laws of the particular free zone in which they are registered.
Obtain a trade license
Obtain a trade license. All businesses in Dubai must obtain a trade license from the Department of Economic Development (DED). The requirements for obtaining a trade license vary depending on the type of business.
Obtain the necessary permits
Obtain the necessary permits. In addition to a trade license, construction businesses in Dubai may also need to obtain a number of other permits, such as a building permit, a civil works permit, and an environmental permit.
Register for taxes
Register for taxes. All businesses in Dubai are required to register for taxes. The type of taxes that a business is required to pay depends on the type of business and the amount of revenue that it generates.
Hire employees
Hire employees. Once you have obtained all of the necessary permits and licenses, you can begin hiring employees. When hiring employees, it is important to comply with UAE labor laws.
Market your business
Market your business. Once you have a team in place, you can begin marketing your business. There are a number of ways to market your business in Dubai, such as advertising in local newspapers and magazines, participating in trade shows, and networking with other businesses in the industry.
Setting up a construction business in Dubai can be a complex process, but it can be a rewarding experience. The city offers a number of opportunities for businesses in this sector, and the demand for construction services is expected to continue to grow in the coming years.
Benefits of setting up a construction business in Dubai
Here are some of the benefits of setting up a construction business in Dubai
- A growing economy: Dubai has one of the fastest growing economies in the world, and the construction sector is a major driver of this growth.
- A skilled workforce: Dubai has a large and skilled workforce, many of whom are experienced in the construction industry.
- A favorable business environment: Dubai has a number of policies and regulations that are favorable to businesses, such as a low corporate tax rate and a free trade zone.
- A strategic location: Dubai is located at the crossroads of major trade routes, making it an ideal location for businesses in the construction industry.
If you are considering setting up a construction business in Dubai, there are a number of resources available to help you. The Department of Economic Development (DED) has a number of information and services that can help you get started, and there are also a number of private sector companies that can provide consulting and other services.
Benefits
- 100% foreign ownership
- Tax benefits
- Duty free
- Low operational cost
- Low freight charge
- Abundant & inexpensive energy
- Exemption from all import and export duties
- Freedom to recruit expatriates
Freehold offices available on sale or lease - Readymade offices, factories & warehouses
- Free transfer of funds
- No foreign exchange control
Why Black Swan ?
- Taking the trade name approval
- Initial or security approval.
- Preparing Memorandums.
- Bank Account assistance.
- License issuance.
- All Visa's
- Any external approvals if required.
- Final Submission.
- Court Notarization of memorandums
- POA and other documents.
- Space Rental
- VAT Registration