If you have a business idea that you think is practical and that you can manage it, there is nothing that should stop you from giving it a physical existence. The environment of the UAE encourages you to use your ideas and talent and provide the market with products and services that are unique. The purchasing power of the people is high and the market is developing so high demand is seen for different kinds of products and services in the market.
As living standards have improved and incomes have increased, people have become more and more interested in arts and design whether it is just a painting or the whole house that needs to be given a fresh look. Your interior designing business will do wonders if you are able to invest time in it and take it through the process that allows for you and the business to mature together. The market will get to know you gradually and soon you won’t be able to scratch your head. The market in Dubai does take you by surprise at times.
Setting up a business setup in Dubai is very easy, provided you are able to meet all requirements related to regulations. From business setup in Dubai to obtaining a trade license and meeting all other legal and regulatory requirements, it might seem as if things are difficult may take a lot of time, but this is not the case. In fact, the process for business registration are becoming better every day as the government of the UAE encourages and promotes business growth and has drawn policies that give confidence to everyone willing to start their own business.
How to start your interior designing business?
Let us walk you through the process of designing business registration so that you know what you need to do to get started.
To complete your company formation Dubai, you need to follow a few steps.
Choose the type of business
It is important to select what type of business you want to register as. Every activity falls in some category according to which it is registered. For you, it will be a professional service as you will be providing a professional interior designing service.
Decide legal form of your business
You have to decide what type of business you want your services to be. You can register as a sole proprietorship, a limited liability company or one of the other types that exist.
All legal business forms have their advantages and disadvantages and it is only an expert that can provide you with an insight on the legalities regarding all legal forms of business.
Choose a name for your company and trademark
Give your business a name. Copyright laws are strict in the UAE. That’s what makes it more of business place with all the big investors and big companies operating in the country. A small fee is to be paid to reserve the company name and you have only 3 days to pay the fee after you apply for reservation of the company name.
Getting NOC or Initial approval Certificate
The Department of Economic Development has to provide a No Objection Certificate, which constitutes as initial permission to continue with business development.
Preparing Memorandum of Association or Local Service Agreement (LSA)
A Memorandum of Association is required to be signed by you, if you choose a certain type of legal form of your business setup in UAE.
Finalize the location/office for your company
You have to provide details of your business setup in UAE office and its address. The rent agreement that you sign with building or place owner will also be attested by the Ejari. Real Estate Regulatory Authority requires initial approval and other important documents. The attested agreement has to be provided so that you can be issued trade license.
Getting relevant business license
There are different types of company formation Dubai business licenses, as discussed earlier. Interior designing services fall in the professional category so you will be issued a professional service license.
Cost of company Registration in Dubai
The cost of company registration in Dubai is AED 9500 which is inclusive of all charges whether they attestations and all processing fees. Some costs are a one-time expense while others occur yearly.
How can we help?
Our experts will guide you through the whole business registration process. Whether it is business licensing, trade mark registration or the core company formation, KWS ME provides you professional services for every business requirement that you need to fulfill.