How to Start Interior Design Business in Dubai?
Starting an interior design company in Dubai is sure to have lucrative returns. As one of the top wealthiest nations in the world, the UAE has no shortage of commercial and residential properties that are constantly looking for renovations and re-designs. This means that there is indeed a huge demand for talented and skilled interior designers.
There are several efforts being made to continue to grow the interior design industry in the Emirates, including several Expos. On top of that, the government has made company formation in Dubai easier than ever. And with the help of an experienced business setup consultant, you can get your interior design business up and running in no time!
Benefits of Starting an Interior Design Company in Dubai
In the past couple of years, the government has made significant steps towards spearheading the growth of the interior design market in the UAE. The industry is expected to continue to grow in the next few years.
Here are some of the major benefits of Business Setup in Dubai for an Interior Design Business:
- Very low tax rate for business setup in Dubai mainland and 0% tax in free zones
- Large network of venture capitalists and investors
- Quick and easy company formation process, especially with the help of a business setup consultant
- Diversified economy and huge demand for residential and commercial interior design
- Large scope for creative design with a multi-cultural target market
- Availability of Freelance License for Interior Designers
- Modern infrastructure, office spaces, and amenities for businesses
Steps to Start Interior Design Company in Dubai
An expert business setup consultant in Dubai can effectively help you start up your interior design business, at a minimal cost and timeline. However, it is always a good idea to know what steps are to be expected in the setup process.
Here’s a brief overview of the steps involved in interior design company formation in UAE:
- Reserve a Trade Name and Apply for Initial Approval. This should be a name that falls in compliance with Dubai’s legal standards and policies and should be submitted to either the DED (for mainland formation), or the relevant free zone authority.
- Choose your jurisdiction for company setup. If you choose mainland company formation, you will need to find an Emirati national who will hold at least 51% shares of your business.
However, there are some prominent free zones that are specially catered towards interior design firms, such as the Dubai Design District Free Zone.
- Decide type of business structure (i.e. sole proprietorship, partnership, or Limited Liability Company (LLC))
- Gather and submit the required documentation. If you are opting for mainland setup, the documents and application must be submitted to the Department of Economic Development (DED). For free zones, you must submit to the relevant authority. Some of these pertinent documents include:
- Application for license
- Detailed business plan
- No Objection Certificate for the company (NOC)
- Passport copies of shareholders, directors, and managers
- Incorporation certificate copy or trade license copy
- Obtain the professional license in UAE. Interior designers and other creative businesses require a professional license in Dubai. Your business setup consultant can walk you through all the steps needed to successfully obtain this license.
- Open a corporate bank account. Once you have received the trade license, you may open a corporate bank account to fulfill all business transactions
- Apply for Visa. You need to apply for a visa to live and operate your business legally in the Emirates.
Start Your Interior Design Company in Dubai Today!
As you can see, there are plenty of advantages of starting an interior design firm in the Dubai United Arab Emirates. From a growing economy to easy business formation procedures, you are sure to have a lucrative experience running your business! Contact us at Blue Kryon Consulting today to find out how to get started!
