Which Country Indians Can Start Business Easily?

The United Arab Emirates (UAE), especially Dubai, is one of the best countries for Indian entrepreneurs to start a business easily. 

The number of registered businesses has been growing steadily in recent years, as Dubai has become a more attractive place to do business. Not only this, but Dubai also attracted over US$14 billion in foreign direct investment (FDI) in 2022. This makes Dubai one of the top FDI destinations in the world. 

There are also over 50 free zones in Dubai. Free zones offer a number of benefits to businesses, such as 100% foreign ownership, a tax-friendly environment, and simplified visa and residency procedures. 

Dubai is a very cosmopolitan city with a large Indian community. This can make it easier for Indian entrepreneurs to find the resources and support they need to start and grow their businesses. 

Why Choose Dubai, UAE to Grow Your Business? 

Here are some of the reasons why Dubai is considered to be one of the best countries for business: 

1. Business-Friendly Regulations and Policies

Dubai is renowned for its business-friendly policies, which facilitate company formation and operation. The government has implemented several initiatives to streamline business setup processes, reducing bureaucratic hurdles. 

2. A stable political environment and low crime rate

The UAE is a stable and safe country with a low crime rate. This makes it an attractive place to start a business, as you can be confident that your investment is safe. 

3. A pro-business government

The UAE government is pro-business and is committed to attracting foreign investment. This means that there are a number of incentives available to businesses, such as tax breaks and waiving of import duties. 

4. 100% business ownership

Businesses in Dubai can have 100% foreign ownership, which is not the case in many other countries. This gives businesses more flexibility and control. 

5. Free zones

There are many free zones in Dubai where businesses can operate with 100% foreign ownership and lower tax rates. This makes it attractive for foreign investors to set up shop in Dubai. 

6. Simple visa and residency procedures

Dubai has relatively simple visa and residency procedures for businesses and entrepreneurs. This makes it easy for businesses to bring in the necessary staff and talent. 

7. Proximity to major markets

Dubai is located in a strategic location between Europe, Africa, and Asia. This makes it a good base for businesses that want to target these markets. 

8. Excellent infrastructure

Dubai has excellent infrastructure, including world-class airports, roads, and telecommunications. This makes it easy for businesses to operate and grow in Dubai. 

9. Tax Benefits and Incentives for Entrepreneurs

Dubai’s tax regime is a major draw for investors. The little corporate income tax after a certain limit and the absence of personal income tax makes it an attractive destination for businesses seeking to maximize profits. 

10. A skilled workforce

Dubai has a skilled workforce that is fluent in English. This makes it easy for businesses to communicate with their employees and customers. 

How to Start a Business in Dubai as an Indian Entrepreneur  

Step 1: Choose the right business structure 

There are several different business structures available in Dubai, each with its own advantages and disadvantages. It is important to choose the right structure for your specific business needs. Some popular options for Indian entrepreneurs include: 

• Free Zone Company: A free zone company is a business that is registered in a special economic zone (SEZ) outside of the UAE mainland. Free zone companies enjoy a number of benefits, such as 100% foreign ownership, and no personal income tax. 
• Mainland Company: A Mainland company is a business that is registered in the UAE mainland. Mainland companies have more limited benefits than free zone companies, but they may be a better option for businesses that need to conduct business with the UAE government or other onshore entities. 

Step 2: Choose a unique name 

Select a unique and permissible trade name for your business and get it approved by the relevant authorities. 

Step 3: Apply for a License 

All foreign nationals who wish to work or live in Dubai must obtain a visa and work permit. Depending on the type of business you are starting, you will need to obtain certain licenses and permits from the relevant government authorities such as the Department of Economic Development (DED). 

Step 4: Secure office space 

If you are opening a physical store, you will need to lease or purchase premises in a suitable location. You will also need to obtain the necessary approvals from the local authorities. 

Step 5: Open a corporate account 

Once you have your visa and work permit, you will need to open a bank account in Dubai. This will allow you to receive payments from customers and suppliers, and to pay your employees and other expenses. 

Step 6: Apply for visas 

If you are planning to relocate to Dubai to manage your business, you will need to obtain a residence visa. Your employees will also need to obtain work visas. 

Your Dubai Business Journey Begins with Shuraa 

In the pursuit of entrepreneurial dreams, the choice of where to establish your business can make all the difference. While there are various options on the global map, Dubai, UAE is definitely the best destination for Indian entrepreneurs. 

However, the company formation process can be challenging considering the laws & policies. This is where Shuraa Business Setup comes to the rescue. With over 22 years of experience and a track record of assisting over 50,000 entrepreneurs in setting up their businesses in the UAE, Shuraa is your trusted partner in this exciting journey. 

Our team of experts is equipped to provide comprehensive support for every step, from company registration to licensing, office space solutions, taxation, and PRO services. 

So, if you’re ready to turn your business dreams into reality in Dubai, reach out to Shuraa for a free consultation with one of our knowledgeable experts.