01Define your business activityStart by working out exactly what your company will do, sell, manufacture or trade.
02Choose your legal structurePick a structure that fits with the ownership and activity of your business.
03Reserve your company nameThe name of your company needs to comply with the naming requirements and be available for registration.
04Get initial approvalsDepending on the activity and structure of your business, you may need to get some approvals before you can move to the licensing stage.
05Prepare company documentsGet all the necessary paperwork in order, according to the chosen structure.
06Find suitable premisesBusiness Bay office requirements should be thought about at the same time as licensing requirements, rather than after everything else has been decided.
07Get the mainland licenceOnce you've met all the requirements, you can go ahead with the mainland licensing process.
08Complete any post-licence requirementsDepending on your company and its employees, further steps may include establishment and immigration formalities, visas, corporate banking, tax registration and ongoing compliance.
Choosing the office before you’ve actually established the business activityFirst you need to set up your business activity before choosing any premises.
Choosing a licence just because the price is rightCheap is not always best when it comes to setting up your business. Look for a setup that will actually meet your needs.
Using a business description that is too vagueYou need a clear idea of what’s involved in your business and how you generate revenue.
Underestimating office expensesWhen budgeting for your setup, don’t just think about the initial costs - think about all the ongoing expenses as well.
Assuming every activity has the same requirementsLicensing and approval requirements can vary significantly between activities.
Forgetting about post-setup complianceAccounting, tax, licence renewal, visa administration and corporate records are all things you need to consider after you’ve set up your business.
Treating mainland and free zone as interchangeableThey are two very different options with different rules and practical considerations. Choose the right one for your business.