Choosing a working business model
It is important to conduct a comprehensive analysis of the market at the first stage. You should adapt the business model for the features of chosen market. Experts of our company will help to solve the tasks.
Choosing geography of activities
Place of incorporation determines whether the company will be able to work in the domestic market, use the services of foreign banks, receive trade financing, rent the necessary commercial premises.
Choosing legal form and type of activity
Legal form and type of activity determine opportunities of your company and list of goods that you can trade. Many people make the obvious choice of a complex license with a ton of additional requirements. Usually you can replace it with a simpler and economical solution.
Obtaining a license and additional approvals
All business in the UAE is licensed. Some types of licenses require obtaining additional approvals of relevant government departments. There are special requirements for the arrangement of commercial space or specialized personnel. You should appoint a local sponsor or agent and rent an office space to obtain a local license.
Obtaining permits to import goods
Some types of goods are subject to mandatory certification for trade in the UAE and the Gulf countries. Company should register at the customs registration and receive the importer code to import such goods.
Starting work and first steps
It is very important to choose a qualified service company after business registration. This company will take over the administrative service, arranging resident visas for shareholders and employees, developing draft documents, opening bank accounts, registering a company in the tax service, and establishing accounting and tax records. SORP Group provides a full range of business support services at all stages of development.