How do you start a business in Dubai in 2025?

Dubai has become a business setup hub over the last few years. Dubai International Chamber says it's a 68.8% jump in the company formations in 2024 compared to 2023.

Some statistics say that the UAE saw a mega jump in business setups. From ~4,05,000 in mid-2020 to over 1.021 million by mid-2024, a 152% increase. And Dubai is contributing the most among all other emirates.

Dubai, which was popular for its rich oil field, has over the years diversified its economy. Today, Dubai owns a lion's share of the world tourism and hospitality market. Along with this, the emirate is at the forefront of technological developments. So the number and variety of opportunities out there are more than ever.

If you are planning to start a business in Dubai, this article will cover all the required steps for the same.

What are the requirements?

For starting your business setup in Dubai, it is crucial to arrange for some documents. These you will have to submit along with your application form to the governing body.

• Passport copies of the company’s shareholders and managers.

• Specimen signature of the members of the company

• Copy of Registration Certificate

• Article of Association (AOA)

• Lease Agreement

• Title Deed

• Business Plan

• Letter of Intent

• Tenancy Contract

• Memorandum of Association (MOA)

• Registration Identification Code (RIC) form

• Audited financial reports from the bank for the last 2 years

The step-by-step process for setting up a business

Follow these steps for setting up your Dubai business:

Step 1: Choose the right Business Activity

As mentioned, Dubai offers you many business opportunities. If you are already clear about the business you want to run, then it's good. But if you are still figuring it out, then you must be aware of the various opportunities available.

Step 2: Choosing the right Jurisdiction

Talking about the types of jurisdictions available in Dubai, we have:

• Mainland: Great for international trade and working on government projects.

• Freezone: Offers complete foreign ownership.

• Offshore: Privacy around the company founders & shareholders, and asset protection.

According to your needs, you should pick the jurisdiction.

Step 3: Pick a Unique business name

A company name is important for your business's branding and memorability.

When you are picking a name, beware of the trademark guidelines. Your business name shouldn't match or be comparable to an existing business name.

Step 4: Submitting the Application Form

For starting any business, it is mandatory to get a commercial trade license in Dubai.

You have to submit the application form with the required documents to the governing body of the respective jurisdiction. After the initial and final approval, you will have to pay the company registration fee. After completing these steps, your trade license will be ready.

Step 5: Open your Corporate Bank Account

And last, you'll have to open a business bank account for the business transactions. For this its imperative to pick the right bank and account type for your company.

Closing Thoughts

Dubai is pulsating with opportunities, with businesses opening their offices every year. There is enough room for new players. So if you want to open your Dubai business, take the leap of faith.

I am working with startups, SMEs, and professional intermediaries to set up their businesses and branch offices in offshore destinations.