Moving a business from India to Dubai can be very opportunistic for many entrepreneurs seeking. See, it is not a secret how strategic the location of the UAE is, which comes with favourable tax policies and a business-friendly environment. Today, Dubai is the demand of businesses, especially if someone is looking to move there from India. So, this guide will discuss essential steps for successfully relocating your business. You will get to know everything from company registration to understanding the local market.
Benefits of Relocating to Dubai with E-Startup
Relocating your business to Dubai has countless practical advantages. It is already famous for its zero corporate tax rate and no personal income tax, Capital gain and no crypto tax. Its location is a gateway between Europe, Asia, and Africa, and that’s how international trade becomes easy. Furthermore, in Dubai there is a lot of opportunity to grow your funds from investment in Real Estate, Forex and Crypto trading. More than that, it also contains a diverse consumer base while attracting businesses, and its modern infrastructure is really effective for smooth business operations.
Steps for Business Setup in Dubai
- Choose the Right Business Structure: Decide on the type of entity that best suits your needs before moving your business. These could be Mainland or Free Zone companies.
- Register Your Business: After deciding the structure, you have to register your company with the relevant authorities. First, select a unique trade name and then obtain initial approval from the Department of Economic Development (DED) and finally apply for a trade license based on your business activities.
- Prepare Required Documentation: You should have come up with all necessary documents ready for submission. Passport copies of shareholders, a Memorandum of Association (MOA), and proof of address are musts for the same.
- Visas and permits: After obtaining a Trade license, You will also need to apply for a VISA. For securing eVISA, first you need an entry permit. Then enter Dubai for Medical Checkup, Insurance and Biometric Fingerprints. Once its done, you will get EVISA also known as Pink Slip. employment visas and permits if you plan to employ staff in Dubai..
- Emirate Id: After obtaining EVISA, you will receive Emirate Id by post at your address.
- Open a Corporate Bank Account: After securing your trade license & emirate id, you can easily open a corporate bank account in Dubai. This will help you manage your business finances smoothly. Documents such as your trade license and MOA are required to do so.
Relocating to Dubai from India
Now, you are allowed to relocate your operations after UAE company registration. So, you have to find suitable office space that also fulfils local regulations. Keep in mind that the location should be accessible to suppliers and customers when choosing an office space.
Plus, you have to get an idea of the cultural landscape of Dubai, which will be helpful for successful business operations. Familiarize yourself with local customs and consumer behaviour. Sitting up with local partners can also give valuable insights about the market.
Conclusion
Relocating your business from India to Dubai is something that can give you an edge in your particular competitive market. You just have to understand the necessary legalities and how Dubai’s market works. Local experts can further simplify the process for you too.
Moreover, If you want any other guidance relating to opening a UAE Company Registration, please feel free to talk to our business advisors at 8881-069-069.
