self-employed business person in the uae

if you want to be a self-employed business person in the uae than There are many ways in which a foreigner can earn some good money in the UAE. For example, foreigners can whether work for a variety of companies in the country or become self-employed business people. In other words, they can set up their own businesses in the UAE and make their own income sources.

In this article, you’ll learn some tips that you should take into consideration if you want to opt for self-employment. Besides, you’ll also learn about some profitable business ideas that you should consider when choosing your activities in the UAE. Furthermore, you will discover useful information about the company formation too. Let’s observe:

1. What is self-employment in the UAE?

2. How many benefits can business people get by building their own self-employments?

3. Tips and recommendations that self-employed people in the UAE should consider.

4. What are the most popular freelance jobs that you can start to become a freelancer in the UAE?

5. How can you set up your own company in the UAE successfully?

6. Why should you consider setting up in a free zone in this country?

7. How many business licenses can you find available in the UAE for self-employed professionals?

8. How can Connectfz help you set up your own business in the UAE?

1. What is self-employment in the UAE?

In previous times, losing a job could mean losing status and also financial security regardless of the location. And in the UAE, unemployed people were forced to leave the country in some cases. But luckily, those times have changed for the better. Now, it is even possible to become a self-employed professional in this country.

Currently, you can find an endless list of opportunities to build your own business and become your own boss. Nonetheless, there are some factors that must be taken into consideration when deciding to work like this. Therefore, make sure to learn more about this kind of business before getting started and venture off the ground.

Here you will discover the main reasons why becoming an entrepreneur in the UAE can be your best decision.

2. How many benefits can business people get by building their own self-employments?

This alternative way of working can bring many advantages, and the main one would be creating your own income source. Besides, it can also provide you with better status and can keep you from leaving the country. Furthermore, you can freely choose the business activities that you like the most and also your ideal business location.

Another advantage of this is that you can choose to be a freelancer, a consultant, or any other kind of professional. Besides, working like this can also help you learn the basics of running a company, but at a limited scale. And also, this is a great opportunity to build connections and meet other professional colleagues who can help you develop your business.

Discover here some valid reasons why foreign investors and entrepreneurs should start their businesses in Dubai, UAE.

3. Tips and recommendations that self-employed people in the UAE should consider.

Before you decide to start working as a self-employed professional, you need to consider certain elements and follow some tips. This way, you can start working in the country easily and without wasting your time, money, or effort. Besides, following these tips can also help you build a solid and profitable business in time. Let’s take a look at these tips:

  • Be aware of the company formation options that are available in the country.
  • Make sure you obtain the right business license to cover all your activities.
  • In case you are going freelancing, you should consider setting up in a free zone.
  • Analyze and understand the way in which the tax system works in the UAE.
  • Observe how the economy works in the country and which the most profitable business opportunities are.

3.1. Be aware of the available company formation options.

The first thing that you need to understand is that you can find several types of company structures available. However, this can vary depending on the business location that you choose to set up your business. And although most self-employed business person in the uae would choose to freelance, they can also opt for establishing any of the following types of company structures:

  • A free zone company.
  • A civil company.
  • An LLC (Limited Liability Company).
  • A sole proprietorship.
  • A foreign company branch.

When selecting your type of company, you must also consider choosing a suitable location. For example, if you want to set an LLC, you should consider setting up in any mainland location. Or in case you want a free zone company, make sure to select a proper free zone for your business.

3.2. Get the correct business license for your business.

Besides selecting your type of company and location, you also need to apply for a license. You can whether choose a mainland license or a free zone license. Each of them will allow you to carry out different business activities under certain conditions.

For instance, the mainland license requires a local partner but allows you to trade inside and outside the country. On the other hand, a free zone license allows you to trade only within your free zone jurisdiction. Nonetheless, it offers 100 percent ownership and tax incentives as benefits.

3.3. Consider free zones in case of becoming a freelancer.

In case you desire to become a freelancer, you should consider setting up in any of the available free zones. And the main reason is that these locations offer the freelance visa and permit that you will need. Besides, here you will have higher chances of becoming a freelancer in no time and succeeding.

Some of the available free zones in the UAE in which you can go freelancing are the following ones:

  • Dubai Media City.
  • Fujairah Creative City Free Zone.
  • Dubai Internet City.
  • Dubai Knowledge Park.
  • Ras Al Khaimah Economic Zone (RAKEZ).
  • Ajman Free Zone (AFZ).

3.4. Learn how the tax system works in the UAE.

You can find plenty of tax benefits that you should seize when working as a self-employed business person in the uae in the UAE. For instance, free zones offer different tax incentives, such as zero personal and corporate tax. And in some cases, there is also full exemption from export and import duties and from currency restrictions too.

However, you must be registered for VAT in the country in case your company earns more than AED 375,000. Therefore, you should be aware of how taxes work in the country and how to get benefits from them.

3.5. Select the most profitable business opportunities and locations.

And lastly, you also should be aware of how the economy and the business sectors work in the UAE. This way, you will be able to predict which locations are the most favorable for carrying out your business activities. For example, if you want to join the media sector, you should consider setting up in Dubai Media City.

On the other hand, you must also consider carrying out on-demand business activities to ensure a profitable business. For instance, if you are going freelancing, choosing e-commerce activities can be a wise option.

Find out some vital elements that you need to consider when you start looking for your ideal business location.

4. What are the most popular freelance jobs that you can start to become a freelancer in the UAE?

If you want to become a freelancer in the UAE, it is highly suggestible to get started with popular jobs. For example, all e-commerce-related activities are among the most in-demand jobs for freelancers in this country. Nonetheless, there are other well-paid jobs that you should also consider, such as the following ones:

  • Software developer.
  • Accountant.
  • Educator or tutor.
  • Programmer.
  • PH manager.
  • Graphic designer.
  • Personal trainer.
  • Journalist.
  • Make-up artist or hairstylist.
  • Web designer.
  • Life coach.
  • Technical writer.

Discover some of the best business opportunities that you should take into consideration when setting up your company in Dubai.

5. How can you set up your own company in the UAE successfully?

In case you have decided to start your business here, you should learn how to set it up. Although the business setup process may vary according to the jurisdiction or location, they all have common procedures. For example, these are the steps that all investors and entrepreneurs should follow regardless of their location:

  • Choose your business activities, a type of company formation, and a location that suits your kind of business.
  • Apply for a business license that covers your activities and needs.
  • Gather and submit all the required documents for completing the application and setup process.
  • Open a corporate bank account in any of the available banks. You can choose a local or an international bank.
  • Pay all necessary fees to finish the process and start operating your company.

6. Why should you consider setting up in a free zone in this country?

There are countless reasons why free zones are convenient for self-employed business person in the uae professionals from all around the world. And the main one is regarding the tax benefits that all businesspeople enjoy in these locations. Let’s take a look at some more specific advantages of setting up here:

  • 100 percent of foreign ownership of your company.
  • Full repatriation of profits and capital.
  • Total exemption from import and export duties.
  • No corporate or corporate taxes.
  • World-class infrastructure, including office space and warehouses.
  • Business-friendly company regulations, legal framework, and business environment.
  • Useful and efficient resources, like transportation, global connectivity, and many more.
  • Easy and quick company incorporation and setup process.
  • Access to qualified professionals to hire.

Here you can learn about the benefits of starting a home-based business in the UAE and how to get started.

7. How many business licenses can you find available in the UAE for self-employed professionals?

Depending on the location you choose, you will be able to find a variety of licenses to apply for. As we mentioned before, there are two main types of licenses; the mainland and free zone licenses. But after applying for any of them, you can apply for the licenses that will cover your business activities.

For example, some of the most common business licenses that you can find in the UAE are the following ones:

  • Commercial or Trading License.
  • General Trading License.
  • Industrial License.
  • Service License.
  • Freelance License.
  • Professional License.
  • Tourism License.
  • Agricultural License.
  • Food and Beverage License.
  • E-commerce License.

Learn about some common mistakes you should be aware of and avoid when you set up a business in Dubai.

8. How can Connectfz help you set up your own business in the UAE?

If you have decided to start your business in this country, you should team up with a professional partner. This way, you will be able to correctly set up a company and become a self-employed business person in the uae professional. And with Connectfz as your business setup partner by your side, a bright future for your business is guaranteed.

With our guidance, you can decide which options are the most suitable for you and which ones will benefit you. For example, we will help you decide which business location is the most appropriate one for your kind of activities. Besides, you can also choose between the packages we offer to obtain other elements that you’ll need.

On the other hand, you can also request our business services after setting up your company in the UAE. Some of our available services that you can request are UAE market entry services, tax advisory, HR consultancy, and more. With our help, you will be able to build your company and make it efficient in no time.

Would you like to contact Connectfz to obtain more tips and information about the ways in which you can become a self-employed business person in the uae ? If you have any questions, call us on +97143316688. You can email us at info@connectfz.ae, and you will talk to one of our representatives who will answer your questions.

Kinjal

Kinjal
Kinjal works at Connect Service Middle East as a sales assistant. She graduated from Mumbai University in India and moved to the United Arab Emirates in 2018. She specializes in UAE mainland company formation, freezone company formation, bookkeeping, VAT registration, and PRO services.

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