How To Set Up A Business In Dubai?

Planning for a business setup in Dubai? Here is all the necessary information to get started.

Choose your business category
Your first step is to choose a business category from 2,000 business categories in Dubai as per DED- Department for Economic Development. In case your business does not categorize into any of the existing options, you can contact the DED. They will assign a business category post understanding your request.

Choose your legal form
Post selection of business category, you need to select your company legal form from different options like LLC (Limited Liability Company) or PSC (Private Shareholding Company). This will depend on your selected business activity and category.

Choose your trade name
Get your trade name online from DED website or through local law firms that’ll guide you with the process. Note that trade name feature Gulf or European requires a fee ranging from Dhs1, 000 to Dhs2, 000.

Prepare Your MOA & select business location
Depending on the legal form of your company, you and your business partners may need to draft and sign a Memorandum of Association (MOA). After that you need to finalize your business location after confirming the property’s availability and sustenance conditions from the Dubai Municipality Planning section. If you choose a an authorized business center, you won’t need to get location-related approvals from Dubai Municipality.

Conclusion-

Post completion of the above steps, submit the following documents to the DED to get your business license for business setup in Dubai-

· Initial Approval Certificate and form
· Trade Name Certificate
· Ejari registered Tenancy Contract
· Authorized approvals on your chosen business activity from
· MOA or copy of MOA, attested by UAE Ministry of Foreign Affairs, if required
· Local Service Agent agreement if required

How To Generate Great Business Ideas?

Great business ideas don’t hide themselves but rather show themselves at every corner of where you are, at every moment! You just need to keep your eyes open to spot them around with vigilant ears to hear and execute on the heard idea!

Below are some effective ways to generate great best business ideas in Dubai, no anywhere!-

1. Start with family-

There are many angels investment services in Dubai. But they will only be willing to put money, help your grow only when your idea is viable. It is not just about how to start a business in Dubai, how to start a business in India. It is about knowing your idea, the fundamental stone of your business foundation.

You can start with your family where you can get priceless training coupled with as many ideas as you can sleep on. For instance, take Donald Trump. He was not shy of learning about the real estate business from his dad, Fred. Fred ran a flourishing real estate business. Trump had all the wisdom to ask his dad for priceless training before getting his hand in the business all by himself. And that is how Donald Trump became the real estate baron as he is known today.

“Unfortunately, many people just want to create a business themselves without getting any help from their family. Now that is stupid."

2. Get some help from friends-

Apple Computer was not an individual effort. If it were not for Steve Jobs' best and reliable friend Steve Wozniak, there would have been no Apple Computers ever. Hence, understand that you can establish a successful business recognizing other’s idea and executing on it together.

40% Start-Ups Fail. How Do You Ensure Your Start-Up Sustains?

If you got a plan to start with business, or already own one, cheers to you. You have overcome a key hurdle to becoming a successful entrepreneur- not letting fear and self-doubt strangle you from your goal. Now how to ensure it sustain? Following the steps below.

1. Plan maketh entrepreneur. Not experience.

Reliable Angel investment services in Dubai like Cosmos Group will always tell you one thing, “If you got no experience. Have a plan.”

Richard Branson had no prior experience. However, he had a plan-

a. Before starting your entrepreneurial journey, or making your website live, create a formal business plan. Further developing the plan will throw answers to unanticipated questions like identifying and leveraging the latest marketing techniques.

b. Post launch, ensure your plan is updated on an annual basis. This is important as market changes, and you may just miss new customer opportunities with an old plan. As Yogi Berra famously said, “If you don’t know where you’re going, you might not get there.”

2. Explore
Research makes your data reflect current understanding of your customers’ needs and desires. Research unveils what mode of communication and messaging will resonate best with your customers. A detailed market analysis will reveal competitors’ next steps and reveal business trends to leverage.

3. Get a trusted advisor
You cannot expect your initiative to produce positive outcome with only gung-ho. You need to back-up your initiative with wisdom. And two things successful entrepreneurs have in common is that they hire good, trusted advisors (especially, financial advisors and lawyers.) Around 55% successful entrepreneurs hired an accountant at the start.

Searching for reliable angel investment services in Dubai? Cosmos Group is the name everyone trusts.

How Is The Future Of Angel Investment Culture In The Middle- East Region?

There are many pessimistic and optimistic voices clamoring in Middle East when it comes to Angel investors. There is a light coming from the narrow roof which is ready to support Business start-ups in the Middle East. However, let’s throw more light on the actual scenario.

Demographic disconnect
There is seen a certain demographic disconnect in Middle East between the older (and wealthier) generations staying away from start-ups. Many reasons can be stated, but the most important one is this- the youth are more aware of the potential of start-ups who are also more tech savvy. This does not however resonate with the older generations in the Middle East. Therefore, “If a Saudi grandson asks his grandfather for $500,000 to invest in a start-up, the answer is usually no. However, if he asks his grandfather for $500,000 to buy a car, the grandson gets his money instantly.”

A ray of hope
Fortunately, there is a wave that believes in the potential of start-up community in Middle East. And a significant part of this wave is Cosmos Group who have taken the onus of underwriting the entrepreneurs of tomorrow.

To any potential investors eyeing startups of the Middle East: the time is now. Opportunity is nearly everywhere. The budding start-ups are taking entrepreneurial risks, and some of them will change the Middle East for the better. Yes, there is high risk. But, is it worth risking your economy falling behind? Is this risk greater that the risk of you being left behind in future?

Cosmos Group- Helping Start-Ups Climb The Corporate Ladder

Cosmos Group since its inception is working towards a single aim- to groom start-ups to reach their corporate dream. Cosmos Group lends all the support to help budding community of start-ups and entrepreneurs in the Middle East region grow to their glory.

Cosmos Group reveres the spirit of entrepreneurs. “A great idea should not be shunned due to lack of infrastructure, technology, funds, and proper counseling. We take care of that for you,” believe the board members of Cosmos Group.

What makes Cosmos Group the purple cow?

Cosmos Group doesn’t invest in the business idea itself but the person. It does not lurk behind the bushes when a business totters but guides the business through the obstacles to the stars.

Cosmos Group’s 5 characteristic traits

Cosmos Group’s expertise in building and helping a business grow shows in its 5 characteristic traits-

1. Strong business networks in all government authorities- this eases the process of documentation to set up a business which takes the most time
2. Custom-made communication strategies to understand client’s business
3. Experts with in-depth knowledge and networks
4. In-depth understanding of UAE laws and regulations
5. Services delivered within stipulated timeframe

Value proposition-

Last but not the least, what has earned Cosmos Group a place ahead of its competitors is its capability of quick document approvals and attestation from different government authorities.
If you want your time and money to be well invested then get be sure to receive tailor made comprehensive business consulting.

Visit Cosmos Group

What Is The Significance of Angel Investors For Startups?

A start-up business usually has limited capital and resources in the initial stages. In that limited resources, often, objectives like scaling up and expanding seem far-fetched. But angel investors can make this far-fetched perception a reality for budding start-ups who have a great idea and management team.
So what are the other roles angel investors play to help grow a start-up? Read ahead to know them.
When start-ups go astray

Often start-ups lose their direction due to inability to generate revenue and scale-up. Angel investors help start-up businesses to draft and execute effective strategies that lead businesses closer to their goals. An angel investor will stay with a start-up through thick and thin offering all kind of help to lead the business on a progressive path.

Angel investors help start-ups financially
Angel investors give more favorable terms than other lenders. This is because an angel investor invests in the person rather than the start-up’s feasibility. They focus their efforts to help the business grow and succeed, rather than just reaping huge profits from their investment.
They help refine your business plan

Business plans may need to be altered as per the changing times. An angel investor helps to improve and refine your business plan whenever required so that the changing times don’t create a hole in your outdated efforts.

So if you are also a start-up and need help to grow, call us now and unleash the potential of your Business start-up idea.

What Is Cosmos Group About?

To introduce us , we are Cosmosgroup, a group which helps start-ups and entrepreneurs scale up. We are more thus just an angel investment company as we provide overall support to your budding business or entrepreneurial idea. We have a team of experienced internet entrepreneurs who partner and counsel with you to give you the optimal solution to grow your business.


Why choose us?

We help your business to scale up using-

• Reliable business networks acknowledged by renowned government authorities

• Easy documentation processes to set up your business which otherwise takes the most time

• Effective communication strategies getting you closer to your market

• The expertise of professionals having in-depth knowledge about industry sectors and networks

• Our vivid understanding of UAE laws and regulations