Friday, April 9, 2010
What are the steps i shall take to open a small restaurant in dubai including loans , licenses, ....etc? -
As I already answered to some other person related to same query.... see below:Whatever type of business you are setting up, you will need a license to do business in the United Arab Emirates. The three types of licenses are -1. Commercial license (all kinds of trading)2. Industrial license (manufacturing or industrial)3. Professional license (professions, services and craftsmen) Before starting to setup a company, you need to decide how the ownership of the company will be. The two types of business ownership in the UAE are discussed below.1)Partnership OwnershipIn this type of ownership, 51% of the company will be owned by a UAE national and the other 49% you may own, with the business being situated anywhere in the UAE. There are seven categories of business organisation that can be established, which are - general partnership company, partnership-en-commendam, joint venture company, public shareholding company, private shareholding company, limited liability company and share partnership company. General partnership companies are limited only to UAE nationals, while the establishment of partnership-en-commendam and share partnership companies are not presently encouraged.2)Sole OwnershipIn order to start up a company that is solely owned by you, requires that you setup one at one of the free trade zones throughout the UAE. The majority of IT companies have setup their middle eastern branches in the Dubai Internet City (DIC), while many media related companies have setup their branches in the Dubai Media City (DMC). Alternatively, expats can have a company setup by a UAE national and sign legal documents at the courts that the actual ownership of the company is for them. This agreement normally involves paying the UAE national an agreed amount of money each month or year.For more info please refer to Government portal link that will clarify the feesAll info you can get from the link of Dubai Department of Economic Development. Further questions I wont be able to answer, as they are different from case to case and you have to contact concerned authority for correct info regarding the fees, documentation....anyway everything is on the web siteRegards
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