Benefits and steps of forming a Home based business in Dubai
For those people who seek for starting small with entrepreneurship, starting a home based business is the most robust choice among all other options. Getting out of the 9 to 5 routine or getting some additional funds along with the steady salary, home based business could be the biggest support for all the dreamers and achievers. Some advantages of forming and running a business from home is mentioned below:
- Flexibility and freedom:
- Less Cost:
- Initiatives and schemes:
Away from the daily struggle of commuting to and from work, home based business provides a different level of freedom and flexibility and retrieval of the time in a more productive manner. When you run a business out of home, there are no set work schedule, no office politics to maneuver and the time could be used to regain control of your bigger passion.
In a home based business, there are a few overheads involved and all the profit goes into your own pocket. There’s no need to pay rent of the office or additional staff or travel reimbursements. All you need is a trade license and a fitting space in your home to operate your business.
When you start a home – based business in Dubai, you’ll get all the benefits from an incredibly supportive government. The UAE government is committed to support and nurture small businesses and they provide a lot of initiatives and schemes to help people who wants to start their home-based business.
Before applying for a business license for the home-based business, you must keep a few things in mind. For example, you have to decide on your business activities, which will help you figure out the type of license you require. Afterwards, you need to apply for your license and declare every activity that you want to carry out.
After complying with these requirements, you can follow these steps to continue the application process:
- Choose an appropriate business name for your company as per the naming criteria in the UAE. Make sure it doesn’t include hateful, sensitive, or religious content.
- Choose your business site or jurisdiction, which could be either mainland or a free zone. In the majority of cases, free zone company formation is the most lucrative and cost effective approach. Free zones such as SHAMS, JAFZA , IFZA etc offer perks including a hassle free incorporation process, continuing business assistance and financial benefits like tax exemptions.
- Your application letter needs to be submitted along with the necessary requirements for setting up your business. After that, the required fees need to be paid and the authorities will issue the license.
Forming a home based business in the UAE is a straightforward process, however it could be intriguing.
Flying Colour could be your most reliable partner in setting up a business in the UAE. Flying Colour Business Setup has been helping clients set up their businesses in an easy and hassle-free manner. Mail your queries at info@flyingcolour.com or contact us at +971 4 4542366.
