Dubai is the hub of commercial business but the majority of businesses are in the textile industry. The city is thriving and is the hub for budding entrepreneurs and investors across the globe who are setting up their businesses or investing in emerging start-ups.
The setting up of business is quite easy and efficient as Dubai has announced 100% ownership for foreign nationals which has increased the percentage of people who are ready to set up a textile business in Dubai. Textile is one of the fast-developing and lucrative industries in Dubai and has uplifted the economy and also created huge job opportunities globally.
If you’re looking to set up a textile business in Dubai connect with FlyingColour Business Setup Service as our team of experts will educate you about everything from scratch and other things that can help your business grow at a faster rate.
We have streamlined the process of setting up a textile business in Dubai
The process of setting up a textile business in the UAE is easy and with supportive initiatives by the UAE government one can set up the business in no time.
Pick the Trade Name
The name should be precise and complements your identity and also directly connect with the product and services. There are certain rules to abide by when choosing the trade name as it shouldn’t have a controversial or religious name. If you have decided to use the individual name use your full name as per the passport and once decided, register it legally to use.
Pick the Location
Pick the location that can easily attract the audience and you can easily get a hold of the market. The location should target the audience easily and one can easily locate you rather than wasting hours just getting to the location. The location should be the priority when setting up a textile business in Dubai and once decided to register with the Dubai Land Department to get the Ejari.
Choose the Structure of the Company
Every business has a certain structure for the company to commence operations. It requires deciding how you want to operate the business which involves proper legalities. Also, you can set up the textile business as an LLC with a single shareholder or multiple partners. The UAE Government has allowed the foreign to have 100% ownership in the textile business in Dubai.
Submit Documents for Approval
When you decide the legal framework and structure of the business then submit all the respective legal documents to the legal authorities. The authorities will be inspecting the documents if everything is per se you will soon receive the initial approval to set up the textile business in Dubai.
Textile Industry is quite profitable in Dubai. Obtaining a license and getting into the process can be a bit overwhelming but it is advisable to take the help from the industry experts. Connect with the FlyingColour Business Setup Services. Our expertise in the field can make you set up easily also we take care of the end-to-end process.