How to Start a Franchise Business in Dubai?
If you're interested in starting a franchise business in Dubai, here's a guide to help you get started.
As you know, starting a new business in Dubai from scratch is not easy – you need to perform a market analysis, create a business plan, build your brand, and the list goes on. And it will take months or years to get some profits in your pocket. Do you wish to skip all these steps and grab the profit from the initial stage? Here is a fantastic idea for you, i.e., starting a franchise business in Dubai.
Different choices are available to start a franchise business in Dubai. Some popular options are food delivery, fashion stores, mail & packaging services, automotive, dining outlets, and supermarkets.
In franchise business, you will open your business in their trade name, but it doesn't mean you can skip the company registration and licensing process. There are specific rules and regulations to which you need to adhere. Let us discuss the procedure: "How to Start a Franchise Business in Dubai?"
Requirements for Starting Dubai Franchise Company
There are a lot of franchising options available in Dubai. So, the first step is to do market research to find out the best-performing franchise to ensure you are going in the right direction. To create a franchise business, you need to consider the following things: -
- Local sponsor to open a franchise business in Dubai Mainland
- Both the parties must sign a franchise agreement
- The agreement should include all the franchisor's and franchisee's rights and obligations.
Contact our company formation consultants in Dubai if you require professional support to incorporate your franchise.
Applying for a Trade License
To operate a franchise business in the UAE, you need to apply for a trading license. Applying for a trade license will vary depending on whether you have chosen Dubai Mainland or Free Zone to set up your company. MTR Expert in Dubai can handle the trade license application process, follow up with Government bodies, and ensure all the permits are in order. Get in touch with us with the documents listed below to start your license application process: -
- Duly filled and signed application form
- Passport copy of the owners & sponsors
- Passport-sized photographs - 2
Applying for a Work Visa
You must apply for a work visa to work legally in the UAE. We, MTR Expert, can manage the visa application process for you. And all you need to do is – arrange all the required documents and perform a medical test. Once you receive your visa, you can sponsor others (spouse, children, housekeepers, or other dependents), as you are a valid holder of a UAE business license. The number of visas you can apply for under your business license depends on the size of your company & your net income.
To apply for UAE Residence Visa, Contact us
Applying for a Business Bank Account
Once you complete your business license and visa, you must apply for a corporate bank account in Dubai. It doesn't matter whether you're opening a new business or starting a franchise; you must have a separate bank account under your name to get started. If you're unfamiliar with opening a business bank account, contact MTR Expert in Dubai. Our company formation specialist can help you with the bank account opening process.
Ready to Start a Franchise Business in Dubai? Contact Us Now!
Hopefully, this guide has provided much information on setting up a franchise business in Dubai. So, what are you waiting for? Contact us today with your business ideas and start your franchise business in no time.
Get a free consultation from our company setup consultants in Dubai!