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2. Plan your business
A business plan is required when purchasing or launching a franchise. A summary of the company’s operations, competitive analysis, target market, and core competencies should be included in thestrategy.
It would also be excellent if you have a marketing plan, financial plan, and any possible funding options. You must be aware of every risk involved with your business and have a plan in place to manageittopreserveyourinvestment.
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3. Get the appropriate trade and business licenses.
Both in the free zone and the mainland, it is possible to start a franchise or search for and purchase a Dubai franchise. The sort of business license you receive will depend on a number of things.
In contrast to free zones, doing business on the mainland is different. The kind of trade license you receive will also depend on the nature of your business operations and the quantity of stockholders or visa holders.
Let’s say you decide to launch a company on the mainland. You will require a local sponsor. On the other hand, you can run a business in the free zone without the necessity for a local sponsor. In the free zone, business owners keep all of their ownership.
Whether you select a mainland or free zone setup will affect the license application process. To open a franchise in Dubai or any other UAE city, you also need a trade permit. You’ll need the following paperwork to apply for the license: a completed application. a copy of your passport and, if applicable, your partner’s passport. two passport-size-colored photographs.
4. Request a visa
To work or launch a business in the UAE, youwillalsorequirealicense.Possessinga visa gives you the opportunity to sponsor your family or a domestic worker, which is one of its benefits. You are allowed to sponsor a resident visa for a travelling foreignerunderDubaivisaregulations.
The number of family members you can sponsor will depend on your franchise business’s size, profits, setup, and proof of accommodations. You must pass a required medical examination before you canapplyforthevisa.
