Dubai: As an entrepreneur, you are always looking for opportunities to grow your business. Both locally and globally, sales must skyrocket. Since you’re from the area, growing locally won’t be too difficult.
But if you want to grow your business globally, you should consider starting a business in Dubai. Countless startups and successful companies in this city are now the centers of business.
It’s time you thought about it. And the first step is to set up a branch in Dubai.
What is a Branch Office?
Branch means you are building your business expansion in a location that is not close to the actual location of the central business environment.
For example, if you have a company based in Europe and want to grow your business in the Gulf region, your best bet is to set up an office in Dubai.
How can Setting up a Branch Office in Dubai Help your Business Grow?
Having an office in Dubai gives you access to all the major markets of the world. This opens up many opportunities for you as an entrepreneur. Some of the advantages are as follows:
Get an Idea about the International Market
When you set up an office in Dubai, you will learn a lot about the local Dubai market. In addition, you will gain valuable insight into international markets and how they work so that you can improve your business strategy.
Expanding the Target Audience and Learning More
You get certain perks by setting up an office in Dubai. You are allowed to promote your products and services, conduct market analysis, conduct research and development, and close businesses to learn more about your target market.
100% Ownership of your Branch Office
One of the things that come to mind when starting a business in Dubai is that you get 100% property rights. Don’t worry, your shop is 100% yours. You don’t need a local agent or local sponsor. That makes it very easy and effective.
Free Zones of Dubai
Dubai has many free zones, giving you many options to choose the right location for your business. You can set up an office in mainland Dubai, in the Dubai Free Zone, or even an offshore company.
Study Your Target Audience
You need to know your target audience, your type of business, and the location that best suits your business.
A professional business consultant in Dubai will help you decide all the factors that lead to the initial success of a business in Dubai. They are the most trusted consulting service. To find out about other services they offer, contact them.
Placement of Your Company
Within the state, there are associations with bound zones, which are selected as “free zones”. Lower regulation in this area tends to attract business. For example, although most businesses must be 51% owned by citizens of the United Arab Emirates (UAE), 100% of ownership can be in one country.
The different incentives include no corporate tax for fifty years, no income tax, no currency restrictions, exemption from import duties, and no procedures for civil servants.
Choose the Business Activity
There are seven business classes in Dubai. These are Joint Partnerships, En-Commendams Partnerships, Ventures, Public Property, Non-Public Property, Liability, and Equity Partnerships. The city government does not currently apologize for the praise of partners and public limited companies.
Register Your Company
Register your real estate company and order a brand name through the Ministry of Economic Development. Most registrations can be done online.
In addition, you may need to submit a variety of documents to obtain pre-approval from an employee. With this approval, you can resend the original and add several other records for final approval. In this way, you can issue your business license to buy and trade real estate.
Complete the training courses required to obtain a real estate license through the Real Estate Administrative Unit (RERA). If you have a bachelor’s degree, you can complete the essential training to become a certified real estate agent.
Even if you don’t have a degree, you can enroll in a major property management accreditation program. There are units with different types of real estate licenses covering very different real estate activities. To create the type of license you want.
Set Up Your Business Space
This includes the actual home at work connected to a landline (not just a cell phone). These things, together with your real estate license with RERA and your industry license with Dubai, can make it easier to identify you as a real estate entrepreneur in good standing.
Plan your Business Type and Legal Structure
First of all, it is essential to define exactly what type of business you want to run. Several activities make real estate companies the best trading business in the United Arab Emirates, from real estate agents, designers, brokers, or dealers to real estate management and leasing. Each requires a different business model, level of investment, and legal requirements.
For example, if you are considering starting a brokerage (or agency) firm in Dubai that sells or leases real estate, only two types of legal structures can be listed – sole proprietorship or limited liability company – and citizens of the United Arab Emirates must fully own the company.