Dubai is known for its oil and gas businesses, healthcare and technology industries, and flourishing tourism industry. However, these are only a handful of the many fields in which UAE entrepreneurs are prospering. And other variables have contributed to their success. The UAE continues to have a 0% business and personal income tax rate, with a flat 5% VAT rate. The country’s welcoming business environment, supporting regulation, and quick and straightforward company formation process are all considered factors.
Leather is one of the most popular materials in fashion and footwear, and despite the availability of many competing and alternative materials, it has never gone out of style. A leather jacket or a pair of high-quality leather shoes are constantly in demand in everyone’s closet.
There are many different varieties of leather, ranging from top-quality high grain leather to split delicate leather. Suede leather has a rough texture that gives it a unique look when used in clothing.
Why is Dubai suited for the leather trade business?
You get a thousand business ideas in dubai, but the leather business is one of the most profitable industries. Leather’s distinctive aroma and high-grade gloss and polish instantly raise the product’s quality, and no other material has ever come close. If you want to start a leather export business, now is the moment, and the market is ripe for it.
However, while Dubai is designed for business, launching and growing a company here requires professional assistance. You must follow all the methods discussed by them. The experts are professional service providers who do every job with complete assistance.
What are the procedures to develop a legal leather business in Dubai?
In most circumstances, 100 percent foreign ownership of mainland enterprises is now permissible in the UAE. There are certain exceptions to this law, and the appropriate government agencies must approve any 100% ownership. Hence, here are some steps to be followed:
Putting together your visa applications
Finally, you’ll need a visa to trade in the UAE, as will your employees, if you have any. The visa application method can be made simple if you have the appropriate support. The majority of business formation agents can assist you with both this phase and your licensing application.
You can also sponsor others for their visas if you have a UAE company license. A spouse, parent, or kid, and a domestic worker such as a housekeeper, could fall into this category. The maximum number of visas you can apply for is determined by the size of your business, the configuration you choose, and, in the case of dependant visas, your earnings.
Choosing a Business Name
The following step is just as crucial as you need to decide on a firm name. There are some important points to be remembered, many of which are not so important. But, keep in mind that you must follow a set of naming rules. In short, any offensive language should be neglected. Avoid using the names of great companies and abbreviations.