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You can become self-employed in the UAE whether you’re freelancing, contracting, or running your own business. It opens up a world of opportunities, including lucrative business deals and funding to help get you started.
Nevertheless, there are a few things you should know about self-employment in the United Arab Emirates in order to make the most of it. Here are some helpful tips.
The UAE allows several ways for entrepreneurs to do business in the country, including:
In the UAE, you can start a business as a freelancer or set up a civil company, both of which are 100 percent foreign owned. Unlike a sole proprietorship, civil corporations can have more than one shareholder.
Using a commercial or industrial firm could also be an option, but you’ll need a local partner if you’re an expat, such as an UAE national or a corporation.
It is advised that all self-employed workers have professional indemnity insurance in place to safeguard them, regardless of their business structure. An expensive lawsuit is the last thing you need when you’re just starting started.
The UAE allows several ways for entrepreneurs to do business in the country, including:
In the UAE, you can start a business as a freelancer or set up a civil company, both of which are 100 percent foreign owned. Unlike a sole proprietorship, civil corporations can have more than one shareholder.
Using a commercial or industrial firm could also be an option, but you’ll need a local partner if you’re an expat, such as an UAE national or a corporation.
It is advised that all self-employed workers have professional indemnity insurance in place to safeguard them, regardless of their business structure. An expensive lawsuit is the last thing you need when you’re just starting started.
If you wish to work as a freelancer, you can apply for a visa and freelance permit in certain open zones. Dubai Internet City, Dubai Media City, Dubai Knowledge Park, Fujairah Creative City Free Zone, Ajman Free Zone, and Ras Al Khaimah Economic Free Zone are among the free zones available.
You must submit an application form to the appropriate regulatory authorities, along with supporting documents, such as a copy of your passport, a passport-size photo, a curriculum vitae (CV), and, if applicable, a No Objection Certificate from your sponsor.
The self-employed can rent offices in more business-friendly emirates and locations, or work from their clients’ offices. A co-working space, which is typically rented monthly, is a good option if you’re a freelancer.
The self-employed can rent offices in more business-friendly emirates and locations, or work from their clients’ offices. A co-working space, which is typically rented monthly, is a good option if you’re a freelancer.
VAT was introduced in the UAE in 2008, so if you make AED 375,000 or more, you must register. Your annual income must not exceed AED 187,500 to avoid VAT registration. Be sure to keep all receipts and documents up-to-date to prove this.
UAE’s most important industries include oil and gas, industrial, IT, construction, and finance. In the UAE, however, there are many multinational corporations that offer careers in tourism, media, design, and fintech.
Learn as much as you can about the business culture in the UAE if you’re new here. In order to reach out to potential clients or attend trade shows, personal contacts are crucial. Talk about personal topics before business, and remember to exchange gifts when meeting new clients.
If you are self-employed in the UAE, you will be able to expand your business to new markets and clients, as well as access new financing sources.
Truly, let us know what service you are looking for and hence we can get back to you with more details.
Definitely, Alya Auditors is the one partner you need to ensure your business is built on accurate accounting books certainly, to spearhead greater growth and wider market reach.
An association of legally independent auditing & accounting firms in the UAE
Silver Tower, Business Bay. PO Box: 41102, Dubai, UAE.
Sharjah Airport Free Zone PO Box: 120403 Sharjah, UAE.
+971 48769377
+971 52 9750690 , +971 50 522 1035
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Sunday – Closed
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