What to Know before Setting up Your Painting and Decorating Business in Dubai? – Interior decoration and painting have become a rampant trend in today’s market. The high demand for such service providers has also led to a significant increase in the number of available services you can hire.
Such a competitive market makes it very difficult for a newfound company to shine, especially in countries like India and the United Kingdom. In such a scenario, it is best if you choose to expand your company to cities with more growth prospects, like Dubai. It is one of the fastest-growing emirates and has immense potential for new businesses and entrepreneurs worldwide.
More so, there are many new construction projects initiated in this area, making it the perfect opportunity for you to start painting and decorating business in Dubai. That said, setting up your business in Dubai can be confusing without the right knowledge and guidance.
The first consideration you need to keep in mind is the right location. In Dubai, locations are segregated into two parts, Dubai Design District Free Zone and Mainland Dubai. Further, in this blog, you will find details necessary about each of these zones to ensure your endeavour is a success.
Dubai Design District Free Zone
D3, short for Dubai Design District, was first developed with the sole motive of encouraging local and international interior creatives. Since it is specifically made for your industry, you will also get several perks and incentives that can help your business grow faster.
All its offerings and incentives are prioritised towards helping similar businesses gain steady momentum in their preliminary years. So if you are considering a place to develop and exhibit your professional design work and skills, D3 can make a great platform.
Here you are allowed to set up a branch of your foreign or UAE company, a Free Zone LLC, or even freelance. However, Dubai is quite strict about who can get into this location. Hence, getting a trade license here comes with its set of procedures and document requirements. Here are the basic steps you should follow to form your company in D3.
Apply For The Initial Approval:
First and foremost, you have to apply for your initial approval. For that, you have to contact the free zone’s Business Development Team and submit your application for approval. Along with it, you will also need certain relevant documents that the authority reviews. You will need the following:
- Application of license
- Registration certificate of company name
- Original NOC (No Objection Certificate)
- Trade license copy or incorporation certificate copy
- Copy of all shareholders’, managers’, and directors’ passport
With your company’s approval, you will need to look for the precise location in D3 you are planning to set your business up. In this stage, the concerned authority will check a few more documents. On further approval, they will issue a Customer Confirmation Letter that allows you to lease the office space there. The documents you will need include the following:
- Post-dated checks
- Application for company registration
- Notarised and attested copies of moa (Memorandum of Association)
- RIC form
- Certificate of incorporation’s notarised copy
- Board Resolution
- NOC from the Manager-in-charge’s present sponsor
Certification Collection And Payment:
With that over, all that awaits is signing the lease document, license collection and personnel sponsorship. With the final collection of the customer confirmation letter and fee payment, you are all set to practice in Dubai.
If you want to conduct your business locally in Dubai, opting for a mainland zone makes more sense. Like setting up your business in Dubai free zone, the mainland zone also comes with a few procedures you have to complete first. However, setting up your business in the mainland zone is often easier. Here are some steps you should follow for the same:
- Find a local agent or sponsor
- Apply for a professional license with DED (Department of Economic Development
- Get your trade name reserved
- Get approval from the Dubai Municipality
- Choose an office space
- Get your tenancy contract
- Submit your company formation
- Collect your business license
With these few easy steps, you can build and spread your business in Dubai’s mainland zone. However, one thing to keep in mind is the amenities and perks you expect. Both free zones and mainland zones have their specific set of perks. In addition to the zone you choose, the type of business you will run also plays a significant role.
If you want a more detailed understanding, you can always seek help from reliable and capable companies like Dubai Business Setup. They have skilled professionals who will guide you through every step of the process and ensure it is smooth sailing.