Dubai is a lucrative land of unlimited business opportunities, which can give a jump-start to the fresh entrepreneurs as well as established business magnates from any part of the world. To set up your business and work on the subsequent flourishing, you must abide by the business set up law of the land. In Dubai, the most progressive of the seven emirates, the Department of Economic Development, with the institutional support from the Dubai Chamber of Commerce & Industry, is the statutory body which has the prerogative of controlling all the licensing procedures of business set up in Dubai. Likewise, for the startups, another independent body issues an industrial license to a natural or juridical person to start-ups in Dubai.
Setting up a business in the free zone is relatively easy as they require minimum paperwork, offers tax free benefits, and free customs duty benefits to expatriate investors. They have been ideated as part of the strategy to boost international businesses by giving leeway in ownership i.e. complete ownership of the foreign nationals and expats. Another salient feature lies in its operational nature, which does not fall under the ambit of the federal Law or Laws of Ministry of Labor.