Dubai has established its name as the financial, business and
commercial, trade center of the Middle East, by becoming one of the GCC’s
rapidly growing economies, due to its helpful business atmosphere and well-informed
investment decisions. Ideally, setting up a shop in Dubai is quite a promising idea.
Shops in the retail, beauty salon and restaurant domains are the most
widespread in Dubai and each has its set of requirements and procedures. Nevertheless,
what are the general steps of opening a shop in these fields?
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Retail Shop
With the Dubai shopping festival and other similar events -
opening a shop in Dubai could be a very profitable business. It is mandatory to
obtain the support of a local partner having not less than 51% of share in the
business. For the commercial license to be issued, some documents have to be
submitted to the DED in Dubai and the UAE federal ministry of Economy:
Ø
An application with the company's name
mentioned in English and Arabic.
Ø
The original lease contract for the registered
address of the company.
Ø
The permit issued by the Dubai Municipality
Building Department clearing the use of storage space as a business address for
the retail store.
Ø
Payment proof of trade license issuance fee
Shop on Rent Hiring a shop for rent also comes with certain series of
permissions required to get from different governmental bodies.
After going through the outline and the main frame for the steps
and what is needed to open a shop in Dubai, learn more with the assistance of
IBG veteran consultants and make the best decisions for a UAE business setup. Join the
parade of success and thrive with the budgeted and time-efficient
consultancies.
