Setting Up Business in UAE While Managing a Job

Posted on 05th, Sep 18

You have found a pain point to solve and arrived at a great business idea. Every entrepreneur’s beginning is different and yours could be at a stage where you cannot afford to quit your job to become one. But the good news is you could set up a business in Dubai or UAE while managing your job too.

UAE offers a unique and highly desirable proposition for entrepreneurs. The free trade zones offer benefits such as state-of-the-art infrastructure, tax exemption, strategic location, ease of documentation and much more. The following are a list of free zones in UAE.

List of free zones

Dubai

Free Zones in Dubai

Abu Dhabi

Free Zones in Abu Dhabi

Sharjah

Free Zones in Sharjah

Fujairah

Free Zones in Fujairah

Ras Al Khaimah

Free Zones in Ras Al Khaimah

Ajman and Umm Al Quwain

These emirates have one free zone authority each; Ajman Free Zone Authority and Umm Al Quwain Free Zone Authority

Setting your business in UAE:

To start a company in UAE, at least one local partner should be included. UAE law allows working professionals to set up their own business in UAE by obtaining a No Objection Certificate (NOC) from their employer. Obtaining a NOC allows you to set up your business in any part of UAE.

Procedure to get an NOC to set up a business in UAE

1. Apply for NOC through Dubai Trade Portal
2. Submit the necessary documents

  • Passport copies of all partners
  • A copy of company’s name reservation
  • Copy of MOA(Memorandum of Association) and Articles of Association(AOA)
  • Bank or cash guarantee
  • Undertaking letter signed by the partner who is an UAE nationale

3. Pay the required fee

Once your request is approved, you will get a NOC approval from Department of Economic Development and stored in the current employer’s record.

Most companies are reluctant to issue a NOC to their employee. In such a case, you have the option of NOC free zones for company formation in UAE. There are 5 NOC free zones in UAE and they are

  • Creative City Fujairah
  • Fujairah Free Zone Authority
  • Sharjah Media City Free Zone
  • Umm al-Quwain Free Trade Zone
  • Ajman Free Zone

If you are in Dubai with your family and your life partner is on spouse’s visa, you can start a business in UAE in her/his name appointing her/him as a partner cum managing director.

Socprollect helps start-ups to Setting Up Business In Dubai and established businesses extend an arm in UAE. Our team of experts can guide you through the process right from the visa process to stabilizing your business. In case of any assistance, reach out to us at jak@socprollect-mea.com