A franchise business in dubai is an easy step for someone who wants to venture into the different prospects of business. A franchise business is where an already established business helps interested parties adapt their brand name and business culture and help these businesses cater to every corner of the world. Franchise businesses are flourishing in the Middle East.
Dubai is slowly becoming one of the prime business hubs, which helps franchise business setup in dubai find their sweet spot in the business world. The promising development strategies adopted by Dubai and their additions have made it a highly chosen destination for tourism as well.
Franchise economies also have a definite place in contributing to the overall growth of the economy. With the business friendly policies of the Dubai Government, investors are flocking to Dubai to start their ventures. Dubai offers so many features, such as central locations and access to immediate services, which will help in the growth of the business.
Steps/ Procedures to Open a Franchise Business in Dubai
Franchise business setup in Dubai is very easy in ; let us go through the different steps involved in the procedure for franchise business setup in Dubai:
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Research
The first step towards starting a franchise business in dubai is to do in-depth research on the brand or business you are planning to start a franchise of. Understanding your level of expertise and liking, you can decide on the line of business you want to choose. Once you have decided on the industry, you have to conduct your analysis on how well they are doing in their respective field and then decide to move further or not. Getting testimonials from other franchises might be a good idea to start with. There are two different types of franchises from which you can choose to set up your business in Dubai: single unit and multi-unit franchises.
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Choosing the name
The business name that you choose for your company should be based on certain conditions. The authorities have made strict recommendations while choosing the business name. Authorities condemn the use of names that denote a certain religion and are blasphemous to societal standards. Avoid replicating the names of already established organizations or abbreviations, and use your own initials.
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Apply for a trade license
In order to start a franchise business in Dubai, you need to have a trade license. The application and the entire procedure can be different for mainland and freezone business setups. You can take the service of an eminent business consultant for breezing through the process of obtaining a trade license. The trade license will require the business owner to submit some documents like:
- Complete application form.
- Passport Copy of Proposed Owners
- Passport size photos of the business owners.
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Applying for a Visa
The business owners are required to have visas to work in Dubai. It also requires the owners and the employees to have medical exams in order for their visa application process to be complete. The maximum number of visas you can apply for will depend on the size of your company, your business line, and your personal earnings.
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Opening a corporate bank account
Get an understanding of the financial institutions in Dubai before even starting your basic procedures for a franchise business. A corporate bank account is a very necessary and important requirement for setting up a business. Hiring the services of a good business consultant can help in the seamless transition of your business setup processes.
Why Kiltons for your Franchise business in Dubai?
Kiltons Business Setup Services have amassed collective experience in dealing with different kinds of business over the years in Dubai. Kiltons helps the business owner with smooth and hassle free business interactions. Choosing Kiltons for your franchise setup can be the best choice for an easy and clean setup of your business. Contact us now
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