It is an exciting and beneficial opportunity to start a business in Dubai while working full-time. You can run your business in Dubai without quitting your job. Let’s understand how to do business setup in Dubai while working full-time through this article.
Eligibility to set up business in Dubai while working full-time
- Firstly, check your employment contract. A company that has employed you must not have strict clauses restricting employees from engaging in an external business environment.
- The next step to become eligible to set up a business in Dubai is to apply for NOC. You must get no objection certificate from your employer. However, it also depends on Free Zones where you are incorporating your business. For example, Free Zones such as IFZA and Creative Zones do not require you to have NOC.
- Lastly, your business must not compete directly with your employer. Conflict of Interest can lead to legal complications or the employer may also terminate you.
Stepwise process to set up your business in Dubai
1. Consult a Business Setup Expert
It is best for you to consult a business setup expert who can guide you through the entire process depending upon your scenarios. You can consult experienced professionals from E-Startup India who can help you in each and every step starting from getting the right licenses to choosing the free zone based on your business goals.
2. Choose Business Activity and License Type
In Dubai, you can do business activities of several types. Depending upon business activity, you may require licenses such as commercial, professional or industrial licenses. It is important for you to select the right one and get one quickly.
Read Also: How many Types of Business Licenses in Dubai?
3. Get Required Documentations
Most likely, you will need to get the following documents such as:
- A copy of your passport
- Visa copy (if applicable)
- Emirates ID (for UAE residents)
- Proof of address
- Digital passport-sized photo
For corporate shareholders, additional documents like a Memorandum of Association (MOA) may be required.
4. Submit your application
Once your documents are ready, you need to submit the application to Free Zone Authorities. You can file applications online.
5. Receive your Business License
After approval from the Dubai Government, you will receive your trade license and get your company incorporated if required. Thus, you will be able to conduct business legally.
How to manage Full-time job with a Business?
To manage your full-time job along with your business, you need careful planning and right guidance. Furthermore, you will need to outsource some tasks such as bookkeeping, accounting, tax filing so that you maintain good productivity and are able to do time management. Last but not least, staying compliant with UAE Laws is the most important thing. You must clearly understand your employment contract and Free Zone regulations to avoid legal challenges.
Moreover, if you need any further guidance relating to UAE business license, UAE corporate tax, UAE golden visa, or Dubai company registration, please feel free to contact our business advisors at 8881-069-069.
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