A company is a career ladder for any employee whether he is a fresher or an expert. The workspace helps employees to realize their hidden calibre and discover their unique talents. The daily schedule helps them to upgrade every way and acts as an opportunity for improvement. This builds the base of a future entrepreneur and helps employee discover their route to start their own business at a local or international level. So, if you are currently working and want to start your own company in Dubai, you are on the correct path.

The business setup in Dubai is a great idea. Starting the process of setting up a business is a journey of dedication, courage, and patience. However, global exposure for any business acts as a benefit and helps in building brand value. Dubai, one of the world’s most potential cities, has mastered in business modeling and has many options ranging from job opportunities to company setup. This year, UAE continued to keep its lead and bags 16th position in the ease of doing business globally. Dubai also provides a number of trade-free zones that encourages working individuals to direct their thought towards setting up their own business, and is a great platform for both SMEs and established business that motivates the working class to come up with their own dream business.

How an Employee Can Start a Business in UAE

To start with, any business needs to have at least one national member.

The big thing for working professionals to start the process of setting up their business is, to obtain a No Objection Certificate (NOC) from their current company.

How to Get a NOC to Start a Business in UAE?

An employee who wants to obtain a NOC needs to follow the below steps:

• File a request through Dubai Trade Portal
• Submit the essential documents
• Pay the NOC issuance fee
• Obtain a NOC approval from the Department of Economic Development

Once the NOC has been approved, the document will be stored in the current company’s record.

Does a Freelancer Need to Obtain a NOC to Start a Business in UAE?

Regarding the freelancers in Dubai, there is an extra advantage as they don’t need to obtain any NOC from any local sponsor. The individual can initiate the journey while being a freelancer and can upgrade the company at a later date.

Procedure for a Freelancer to Set Up a Business in Dubai

There exists a wide variety of scope for freelancers to initiate their journey

• No compulsion for an official setup
• Easier to sponsor the dependents once the visa is secured
• No mandate for preparation of auditing or bookkeeping
• Flexibility to own a bank account

Are you really bored of being an employee and want to start your own business in Dubai? By setting up your own business, you can also get a residence visa in Dubai. At this stage, Key Business Group can help you ease out the entire employee to an investor journey for you. Key Business helps start-ups and businesses to expand internationally. Our experts will guide you throughout the entire process right from the alteration of the visa process to the final point of stabilizing your business.