When you are in the process of setting up a business/company in UAE
Either in main land or in free zone, one of the requirements is to submit a Business plan to the authorities.
Such a Business plan requires information about the Type of activity to be started.
The Profile of the owners their capabilities etc. Business Plans for approval from regulators like Abu Dhabi Global Market (ADGM), Dubai Financial centre license (DIFC License) Abu Dhabi commodities and securities Authority (SCA)
Crypto Exchange license.
Business plan to get approval for licnese in commodities exchange , securities exchange, etc.
It would contain a Competitive Analysis and a Financial feasibility.
The plan will look at how the particular Business segment is performing in the economy, what the general outlook is regarding the sector etc.
Accurate and clear information with a proper plan will help the investor get approval for setting up the business.
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Our Expert Team of professional business plan Dubai writers can create a FULLY CUSTOM MADE Business plan for you with RELIABLE RESEARCH, EXHAUSTIVE DETAIL to GUARANTEE SUCCESS.
you’ve decided to elevate your side hustle, you must take steps to ensure you set your business up for success. This way, your company is more likely to survive and thrive in a competitive market.
1.. Draft a Business Plan
Without putting your business ideas onto paper, it’ll be challenging to know if this is something worth fighting for. If you do not already have a drafted business plan, make sure you write down all the details you’ll need to know in advance. For example, you should start with your mission statement and the overall goal you want to achieve.
It should be followed by an executive summary, company description, organizational structure and a breakdown of finances
4. Establish a Legal Business
It’s critical to take the right steps to separate your business and personal finances. Your side hustle may have given you
some disposable income, maybe through a payment app like Venmo, CashApp or Zelle. This won’t be sustainable if you’re ready to take your side gig to the next level.
Choose how you want to incorporate your business and whether you want to establish a sole proprietorship, limited liability company (LLC)
or partnership. Incorporation may seem daunting, but it’s quite easy as long as you have a couple of hundred dollars to cover fees. .
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5. Purchasing Business Insurance:
Business insurance is a necessity. It would offer protection if your company were to experience an emergency, such as fires, floods or property damage.
While the state you’re in will determine what type of coverage you need, it’s worth investigating and investing in. There are many benefits to having small business insurance
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5. Regulatory Business plan:
Business Plans for approval from regulators like Abu Dhabi Global Market (ADGM), Dubai International Financial centre license (DIFC License) Abu Dhabi commodities and securities Authority (SCA)
Crypto Exchange license.
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