How to start a small business in Dubai (Cost & Ideas)

Although Dubai is renowned for its thriving business industry and towering skyscrapers, the city offers a plethora of other attractions and activities for visitors to enjoy.

The emirate's economy is predominantly fueled by startups and small and medium-sized enterprises (SMEs), as more than 30,000 new businesses are established in this region annually.

Furthermore, if you are interested in establishing a small business in Dubai, there is an abundance of positive news awaiting you. By receiving the appropriate assistance and guidance, the process can be remarkably hassle-free and straightforward.

The process of establishing a company is specifically crafted for efficiency and ease, ensuring that when you enlist the help of a professional in your area, you can have your business operational in a swift manner.

In this article, we will delve into the intricacies of the aforementioned process, exploring a wide range of related topics and providing in-depth analysis on each. Join us as we unravel the complexities of this subject and gain a deeper understanding of its significance in today's world.

What all we will cover here:

• Steps to start a small business in Dubai, UAE
• Cost of starting a small business in Dubai, UAE
• Documents required to start a small business in Dubai, UAE
• Small business ideas that you can start in Dubai with little or no money

Steps on how to start a small business in Dubai

By utilizing the resources provided by Meydan Free Zone, individuals can easily establish a small business in Dubai by following a simple five-step process.

1. Select your business activity you would like to start in Dubai

To begin with, the initial step involves choosing the specific business activity that you wish to engage in. Dubai offers a vast array of options, with thousands of permissible activities to select from.

We can assist you in aligning your business operations with the necessary licenses and permits required for trading.

2. Choose a trade name for your business in Dubai

In order to adhere to the regulations set by Dubai concerning business naming, it is imperative that your company name provides a comprehensive and explicit description of the nature of your business operations.

Simultaneously, it is imperative to ensure that the language used does not contain any terms that may be deemed inappropriate or offensive in any way, including those that could be seen as disrespectful or sacrilegious.

In addition, it is important to note that your company name should not incorporate any abbreviations using your personal name.

Ahmad Ali Consulting is an acceptable name for the business, however, the use of initials such as AA Consulting would not be allowed.

3. Choose your business location in Dubai

When embarking on a new journey in Dubai, this factor holds significant importance and needs to be carefully evaluated.

There are typically two popular choices available, either opting for a free zone or selecting the mainland option.

Setting up in a free zone often proves to be a more advantageous and economically viable choice in numerous instances.

Numerous businesses opt to establish their operations within Meydan Free Zone due to its attractive offering of zero tax rates and complete foreign ownership opportunities. This advantageous environment has made Meydan Free Zone a popular choice for companies seeking a favorable business climate.

We have the expertise to guide and assist you in the establishment of your free zone company, ensuring that you receive the necessary support to thrive and achieve success in your business venture.

4. Complete your applications and pay fees

To obtain a trade license for opening a small business in Dubai, it is necessary to complete the application form and acquire a residency visa.

At Meydan Free Zone, we are dedicated to providing comprehensive assistance and guidance throughout every step of the process, guaranteeing a smooth and efficient experience for our clients.

5. Receive your license and open a business bank account in Dubai

After obtaining your trade license, it becomes imperative to establish a corporate bank account in order to effectively manage and facilitate the flow of payments from both local and international clients within the United Arab Emirates.

Meydan Pay is the uncomplicated electronic banking service we offer to companies operating within our free trade zone.

It provides you with an IBAN and electronic wallet that is equipped with all the necessary functionalities for initiating and receiving payments.

Documents required to start a small business in Dubai, UAE

If you are in the process of establishing your business and have chosen to have individual shareholders, it will be necessary for you to gather and submit various documents. These documents are essential in ensuring the proper functioning and legal compliance of your business.

• Passport size photo (digital)
• Emirates ID copy (if applicable)
• Passport copy
• Residence visa Copy (if applicable)

If setting up with corporate shareholders, you will need to provide:

• Certificate of Incumbency or equivalent
• Certificate of Incorporation
• Board Resolution
• Memorandum of Association

Cost of starting a small business in Dubai, UAE

At Meydan Free Zone, you have the opportunity to obtain a license that includes three different business activities for the affordable price of AED 12,500.

If you decide to incorporate the expense of your visa into the total cost, the price will rise to AED 14,350.

The cost for a license package that includes six visas amounts to AED 23,600.

Small business ideas that you can start in Dubai with little or no money:

• Consulting Business in Dubai: If you possess valuable skills and expertise that are highly sought after in the corporate realm, pursuing a career in consulting can prove to be an incredibly rewarding and fulfilling professional journey. In the United Arab Emirates, individuals are not required to meet specific qualifications in order to work as a consultant. However, it is important to showcase your level of experience and expertise in the field. This could be achieved through obtaining relevant qualifications or accumulating years of practical experience in the industry.
• Freelance writing Business in Dubai: Every company has a unique narrative to share, and they are willing to invest in sharing it with the world. Whether it be through editorial pieces, blog posts, web content, or social media updates, the need for skilled writers is consistently in demand in Dubai. When it comes to starting this kind of company, minimal requirements are necessary once again. As long as you possess the necessary skills and abilities, you are well-equipped to embark on this entrepreneurial journey.
• Social media marketing agency in Dubai: In today's digital age, social media has emerged as an indispensable component of business strategy. It has transformed into an absolute necessity for companies operating in diverse industries, leaving no room for them to disregard its importance. Numerous companies lack the necessary time or expertise to effectively handle this aspect of their operations. Therefore, individuals who possess strong social media skills could potentially tap into a lucrative and high-demand market in Dubai.
• Personal stylist in Dubai: The people of Dubai are well-known for their fashionable taste and with a predominantly young and wealthy population, pursuing a career as a personal stylist in this region could prove to be highly lucrative. If you have a knack for putting together stylish ensembles, this profession may be the perfect fit for you.
• Photography Business in Dubai: Dubai thrives on a multitude of thriving industries, ranging from corporate events, sales, marketing, weddings, to parties, and all of these thriving industries have one crucial requirement in common - the need for a skilled and talented photographer. Although this particular undertaking necessitates a slightly greater amount of equipment compared to the other options mentioned in this compilation, with the possession of a camera and the presence of an artistic inclination, transforming your pastime into a profession can be effortlessly achieved.

Why choose Meydan Free Zone for Business in Dubai?

The Meydan Free Zone is a flourishing business district that boasts a prime location and is considered one of the most esteemed addresses for businesses in the area. With its central location and abundance of opportunities, it continues to attract a wide range of companies looking to establish a strong presence in the region.

We offer our business a range of innovative investment and lifestyle benefits in a safe and regulated environment that enhances productivity. When you set up here, you'll benefit from the following:

A business presence in the heart of Dubai

Located just a short 15-minute drive from the Dubai International Airport, Meydan Free Zone is conveniently close to the vibrant city center. In addition, it is only a few minutes away from the bustling Downtown Dubai area, ensuring easy access to all the excitement and amenities the city has to offer.

An empowering environment

Establishing your enterprise in the Meydan Free Zone offers you the unique advantage of being part of a vibrant network of like-minded individuals and organizations, fostering an environment that promotes progress and expansion through revolutionary ideas and cooperative efforts.

Dubai is a thriving business hub that attracts a diverse range of entrepreneurs, from startups and small to medium-sized enterprises (SMEs) to multinational corporations.

With its dynamic economy, strategic location, and supportive business environment, Dubai provides the ideal setting for launching and expanding your business ventures. Whether you're a budding entrepreneur looking to establish your first company or a seasoned business owner seeking to tap into new markets, Dubai offers endless opportunities for growth and success.

A paperless experience

Do not allow bureaucratic obstacles to hinder your progress. Our innovative and user-friendly license application package streamlines the process, saving you time and energy. The platform consolidates all necessary compliance and regulatory requirements (including UBO, ESR, AML) into one convenient interface for your business.

Our team of professionals is here to support you throughout every step of establishing your business in Dubai, whether it be assisting with the registration of your company name, managing your license and visa applications, or any other processes involved in setting up your business.

By now, you should have a good understanding of the steps involved in launching a small business in Dubai.

If you are considering starting your own venture in Dubai or are interested in establishing a small business in the region, we encourage you to schedule a complimentary business consultation with UPS Business Setup Dubai.

Our team of experienced business setup professionals is dedicated to assisting you in the process of establishing and operating your business in Dubai. Contact us today to get started on your entrepreneurial journey in Dubai.

Book Free Business Consultation:

WhatsApp us: +919999820111 or +447529694074