What would you do with an opportunity to start up a lucrative business in a geographically-favoured location lauded for its high ranking in the global Doing Business index?
Well, that is what you get when you start a digital marketing agency in Dubai.
Digital marketing is the king of advertising today. Thanks to the mainstream growth across the globe, the global digital marketing industry enjoyed unprecedented growth in the last decade. The multi-billion-dollar industry is set to reach an all-time high of $375 billion this year, placing it among the fastest-growing industries in the world.
Even more interesting is the crucial role digital marketing industries in the Middle East played in this extraordinary growth. Accounting for almost 10% of this enormous figure, you can already tell how huge the digital marketing industry is in the UAE.
For smart entrepreneurs looking for expert advice on business setup in Dubai, you will find this article helpful as it covers the nitty-gritty of setting up an online advertising company in Dubai.
Start your digital marketing agency in Dubai in 5 steps
Now you know why you should start a digital marketing agency in Dubai, let’s take you through the common business setup route here in Dubai.
1. Officially register your company
It is no surprise that the first step in business setup in Dubai is to officially register your company name. This is owing to the stringent rules guiding company name selection. For starters, you must use your full name if you plan on using your name as the company name. The laws here do not allow initials. Also, religious references like Islam or Allah are strictly forbidden for company names. The list goes on.
Our experts will guide you thoroughly, helping you avoid common mistakes made by new entrepreneurs.
2. You need a license
Your license application is one of the most important steps in starting a digital marketing agency in the UAE. Irrespective of the industry you choose, you need a permit to run a business here.
Our team of experts will guide you through the entire process, because every mistake could end up costing you dearly.
One major point to keep in mind is the distinction in governing authorities. If you plan on picking one of the locations in the free zones, you have no business with the DED on the mainland. That’s reserved for businesses located on the mainland.
3. Mainland or free zone? Choose your business location
Have you considered the best location for your business yet? While setting up a business in Dubai, you are faced with two popular options – mainland and free zones. The mainland is unarguably a good business location with direct trade access to the local UAE market, but you don’t get access to everything that free zones offer. You have to decide where is best for your business.
4. We’ve got your visa covered
Besides your business license, you need to apply for a visa prior to kicking off activities in your new business. You also get the option of applying for visas for your employees.
Although this may be considered technical, it is actually an easy process with the right team to guide you.
5. Get a corporate business account
Opening a bank account from your home country won’t be as easy as you think. Of course, it is supposed to be a simple walk to the bank of choice but in this case, you are an overseas business owner. The process is twice as complicated. This is yet another critical process for which you need expert help to avoid costly mistakes.
Benefits of Starting a Digital Marketing Agency in Dubai
Why should I start a digital marketing business in Dubai?
Short answer – because Dubai is one of the fastest-growing business hubs in the world.
It is one thing to decide to set up an advertising business. It is a totally different ball game to choose a nurturing environment for that business. Without a good location, a business as lucrative as digital marketing could take forever to grow. This is why you should pay close attention to the location. Here are some of the benefits you stand to enjoy with business formation in Dubai.
1. Fast-growing economy
This geographically-favored business hub has seen exceptional economic growth over the last decade, attracting millions of entrepreneurs and workers from across the world. Where else would you rather set up your digital marketing agency?
2. Tax-free haven!
Business laws in the UAE are unlike any other. The laws are designed to help businesses thrive. The free zones offer many business-friendly incentives, the biggest of which is the tax-free law. This has got to be one of the major reasons people pick this business destination.
3. Available human resources
Yet another undeniable benefit of starting a digital agency in the UAE. Thanks to its reputation as one of the finest business hubs in the world, Dubai attracts a wealth of diverse talents from across the globe. This gives you easy access to the human resources you need to grow your business.
What is the cost of starting a digital marketing agency in Dubai?
One of the most frequently asked questions we get about business setup in Dubai is the cost. The truth is, there is no one-size-fits-all answer.
Typically, several factors determine how much you spend while setting up a business in Dubai. These factors range from your personal taste to the size of the firm, its location, and the type of business you are looking to set up.
Therefore, setting up your digital marketing firm can be very cheap or very expensive. It all boils down to your personal goal for the business. Just don’t let naysayers scare you.
Time to get started
So what now? The next stage is to get a business formation expert to help you in your business setup in Dubai.
At Worldwide Formations, we are committed to helping you grow your company from the ground up. Contact us today for your customized quote.