People who wish to establish a boutique business in Dubai must know that it needs meticulous planning. Some of these planning include where you wish to set up the business, and more.

Know how to start with planning for a boutique company establishment in Dubai here. 

Requirements for Establishing a Boutique Business in Dubai

To set up a boutique business in Dubai, you must ensure a few things. Given below are some of the requirements for the same.

Put Your Efforts to Rope in Local Support

The first course of action to set up your boutique business in Dubai is to get some local support. You must seek this support from a UAE national. In Dubai, it is a mandate that a local should sponsor an international enterprise. 

It doesn’t matter which base you are choosing in Dubai for your business operations, you must collaborate with a partner unless you are looking for free zones. Even for open business in Dubai, you must form a partnership with a local having 51% of the company ownership.

Obtain Your Business License and Registration

To obtain approval for your boutique business in Dubai, you must apply to the DED.

Consider Selecting a Business Jurisdiction As Per Your Needs

You have to choose a business jurisdiction that caters to your needs. Once you have chosen the business jurisdiction, you should accordingly structure your business. This is because the DED scrutinizes the business meticulously.

Either Rent a Shop Premise or Get it on Lease

After you have shortlisted a location for your company formation in UAE that fits your requirements. You have to obtain approval for the same from the requisite governing body (i:e: Dubai Municipality).

All The Important Paperwork that You Need

You would have to deal with abundant paperwork according to your boutique business jurisdiction and your business’s shareholding structure. You need this paperwork to obtain approval, get visas from different entities and get certifications.

Step-By-Step Process for Establishing a Boutique Business in Dubai

The procedure for company formation in Dubai is as mentioned:

·         Submit your visa and passport photocopies.

·         Obtain the No Objection Certificate for the first approval. You would have to obtain this certificate for the Business name as well.

·         Draft and sign the Memorandum of Approval with either the UAE local partner or the UAE local sponsor.

·         Select the shop space and sign the lease.

·         If you are starting a wholesale garment business, then you have to finalize the business centre.

·         Submit all the above-listed paperwork to the DED and obtain a receipt.

·         Clear the dues.

·         Take the issued license.

When you are looking forward to set-up a business in Dubai, you can count on Dubai Business Setup. The business setup consultants can help you with company establishment in Dubai with complete ease. The consultants help you structure the business, name your business, obtain approvals, licenses, visas, certificates from the concerned authorities and more.