If you have a business idea that you think is practical and that you can manage it, there is nothing that should stop you from giving it a physical existence. The environment of the UAE encourages you to use your ideas and talent and provide the market with products and services that are unique. The purchasing power of the people is high and the market is developing so high demand is seen for different kinds of products and services in the market.
As living standards have improved and incomes have increased, people have become more and more interested in arts and design whether it is just a painting or the whole house that needs to be given a fresh look. Your interior designing business will do wonders if you are able to invest time in it and take it through the process that allows for you and the business to mature together. The market will get to know you gradually and soon you won’t be able to scratch your head. The market in Dubai does take you by surprise at times.
Setting up a business setup in Dubai is very easy, provided you are able to meet all requirements related to regulations. From business setup in Dubai to obtaining a trade license and meeting all other legal and regulatory requirements, it might seem as if things are difficult may take a lot of time, but this is not the case. In fact, the process for business registration are becoming better every day as the government of the UAE encourages and promotes business growth and has drawn policies that give confidence to everyone willing to start their own business.
If you have a unique business idea that you think has a potential of growth and becoming a source of sustainable income, then you should invest in it immediately. As becoming a successful entrepreneur in this rapidly shrinking world is the ultimate goal of every business owner. The UAE is the prime spot for any aspiring entrepreneur as the government helps and supports your business venture. The consumers have a high purchasing power, and the market is developing continuously to meet the demand of its consumers.
As Dubai provides an impeccable standard of living to its individuals; subsequently, its residents have become very particular about arts and design. Whether it is just art exhibits or decor of the house, the people of the UAE are very keen about having beauty around them. Therefore, an interior design business in Dubai will do amazingly well only if you have an eye for beauty and can take the time to allow the company to grow and mature into something beautiful.
It will take some time yet to establish and build your clientele and for your business to take-off, but once it does so, you will be pleasantly surprised by the Dubai market.
Process to register interior designing company in the UAE
Let us walk you through the process of designing business registration so that you know what you need to do to get started. To complete your company formation Dubai, you need to follow a few steps.
- Choose the type of business
- Decide legal form of your business
- Select your company name and trademark
- Get the NOC from the regulator
- Prepare the essential agreements
- Finalize the location of your company
- Pay the regulatory dues
- Acquire the professional business license
Now, we briefly look upon these steps.
Choose the type of business
It is important to select what type of business you want to register as. Every activity falls in some category according to which it is registered. For you, it will be a professional service as you will be providing a professional interior designing service.
Decide legal form of your business
You have to decide what type of business you want your services to be. You can register as a sole proprietorship, a limited liability company or one of the other types that exist. All legal business forms have their advantages and disadvantages and it is only an expert that can provide you with an insight on the legalities regarding all legal forms of business.
Select your company name and trademark
Give your business a name. Copyright laws are strict in the UAE. That’s what makes it more of business place with all the big investors and big companies operating in the country. A small fee is to be paid to reserve the company name and you have only 3 days to pay the fee after you apply for reservation of the company name.
Get the NOC from the regulator
The Department of Economic Development has to provide a No Objection Certificate (NOC). It constitutes as initial permission to continue with business development.
Prepare the essential agreements
A Memorandum of Association (MoA) is required to be signed by you, if you choose a certain type of legal form of your business setup in UAE. Sign the local service agreement (LSA) if there is the need.
Finalize the location of your company
You have to provide details of your business setup in UAE office and its address. The rent agreement that you sign with building or place owner will also be attested by the Ejari. Real Estate Regulatory Authority requires initial approval and other important documents. The attested agreement has to be provided so that you can be issued trade license.
Pay the regulatory dues
The cost of company registration in Dubai is AED 9500 which is inclusive of all charges whether they attestations and all processing fees. Some costs are a one-time expense while others occur yearly.
Acquire the professional business license
There are different types of company formation Dubai business licenses, as discussed earlier. Interior designing services fall in the professional category so you will be issued a professional service license.
Activities permissible under interior design license
Interior designers are able to perform these activities under this license.
- Architecture designing
- Interior designing and decoration
- Concept designing
- Space planning
Activities forbidden under interior designing license
Interior designers can not undertake these activities with this license.
- Supply of fixtures and pieces of furniture
- Display of products of vendors and suppliers on the unauthorized premises
- Provision of interior-exterior architectural drawings for construction purposes
- Implementation of blueprints/drawings/plans
Necessary documents for interior design firm registration in Dubai
- License Application.
- Detailed and complete business plan.
- Passport copies of concerned parties, i.e. stakeholders, business partners, managers and directors.
- Registration form for company registration.
- No Objection Certificate from the sponsor.
- Notarized and attested copy of the Articles of Association and Memorandum.
- Ric Form.
- Board Resolution and Post-dated checks.
Steps for interior designing business setup in Dubai Mainland
As it is always the case, there are mainly two ways to set up an interior design business in Dubai. You can either start a business in Dubai Mainland or any of the various Dubai Free Zones. Below we are enlisting the procedure both for business setup in Dubai mainland and Dubai Free Zones.
To start an interior business in Dubai Mainland, firstly you require a local sponsor. This local sponsor will own fifty-one percent of the company.
- Apply for a business license with the Department of Economic Development (DED).
- Get the company/business approved from Dubai Municipality Authority.
- Rent a suitable office space.
- Collect your license and incorporation certificate.
Steps for interior design company setup in Dubai Free Zone
To set up a business in Dubai Free Zone, First, you have to choose the Free Zone most feasible for your business activities. Dubai Design District (D3) is the most suited for a business related to interior design. The steps to register the business in Dubai Free Zone is:
- Get approval from Dubai Design District (D3) authority.
- Apply for company registration by filling out a registration form.
- Submit the registration form with the requisite documentation.
- Sign the personnel sponsorship, lease documents and collect your business licence.
- Collect Customer Confirmation Letter
Reasons to set up an interior designing firm in Dubai
Starting an interior business in Dubai is relatively straightforward. Provided you can meet all the requirements and adhere to the regulations set out by the Dubai government. Though It may seem improbable at first, that is not the case as the UAE’s government has adopted and implemented policies that encourage and promote business opportunities and growth. Few advantages of setting up a business in Dubai are listed below:
- A free, diverse and stable economy
- A world-class infrastructure that is business-friendly
- Growing demand for commercial and residential buildings
- Licensing available for artists and designers
- Minimal taxation
Conclusion
Are you considering to start an interior business in Dubai? If so, then we at KWS Middle East will be more than happy to help as our business setup consultants are well-versed in the process of company formation and can ensure a trouble-free experience.
Our experts will guide you through the whole business registration process. Whether it is business licensing, trade mark registration or the core company formation, KWS ME provides you professional services for every business requirement that you need to fulfill.
Contact Us Today and book our commitment-free consultation call. For any queries, drop an email at: info@kwsme.com now.
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