The main steps to registering a business in Dubai are: 1. Deciding which business activity you want to pursue 2. Choosing a business name 3. Filling in the necessary forms and paperwork 4. Collecting your documents and obtaining license notification 5. Opening a bank account 6. Applying for an immigration card for businesses 7. Getting approved for a visa
Setting up an IT business in the UAE is easy as it doesn’t need a license or pre-approval. Simply follow the normal process of setting up a company in any other industry.
Applying for a general trading business license has many advantages. For example, it is tax-free, which means that you won’t need to pay any taxes on profits or income. It also gives you a variety of possibilities in terms of how you want to manage your business, whether locally, nationally, or internationally. A general trading license also benefits its holder as it allows them to apply for multiple visas for their employees and dependants. Finally, with a general trading license you can repatriate 100% of the capital as well as your profit, with no need for a bank deposit.