Dubai, one of the prime locations for architecture and interior design is a place where interior designers are drawn to establish a career in this emerging market. The interior design business is one of the highly evolving businesses in the global market requirement. And Dubai is one of the places, where people are concerned about the interiors of their business or work space.
Dubai is a place where creativity is most appreciated. Especially when it comes to interiors and architecture. Did you know that UAE has around 40% market share overall in the GCC for interior design. As there are more people settling for the purpose of company setup in Dubai, there’s a good need for interior design and architecture there. Therefore, a very good amount of investors are finding Dubai as a place where they cant start an interior design business because there are endless benefits from it.
This blog, “How to Establish Your Own Interior Design Company in Dubai” will guide you through the steps required for an interior design business setup services in Dubai, the benefits and how Damaar can help you in starting your own company.
Steps to build an interior design company in Dubai?
Starting an interior design business in Dubai can be a rewarding venture. Here’s a streamlined guide to help you navigate the process efficiently:
Step 1: Select a Business Name
Begin by brainstorming a list of potential names for your company. Ensure these names comply with local naming conventions and avoid any that could be deemed offensive. Submit your choices to the appropriate governmental authority for preliminary approval.
Step 2: Determine Your Business Activity
Decide on the category of your business, as this will dictate the type of license you need. Interior design falls under professional services, so be prepared to register accordingly.
Step 3: Choose a Legal Structure
Identify the legal framework for your business, such as a Limited Liability Company (LLC) or a sole proprietorship. Each structure has its advantages and requirements, so weigh your options carefully.
Step 4: Secure a Business Location
Find a suitable office space in the UAE. You’ll need to formalize a lease agreement, which must be certified by Ejari. Additionally, you’ll require initial approvals from the Real Estate Regulatory Authority.
Step 5: Obtain Necessary Permits
Interior design encompasses a range of activities that may necessitate further permissions. Research any additional licenses required to ensure compliance with local regulations.
Step 6: Open a Business Bank Account
After securing your business license, you can open a corporate bank account. Compare various banks to find one that aligns with your financial needs.
Following these steps will set a solid foundation for your interior design business in Dubai.
Documents required to start an interior design
To obtain initial approval for establishing your interior design company, you must submit the following documents:
– A comprehensive business plan
– Completed license application form
– Original NOC (if applicable)
– Copy of the incorporation certificate and trade license
– Passport copies of the directors, shareholders, and managers
These documents are essential for the initial stage of setting up your business. Once they are reviewed, you will receive a Customer Confirmation Letter, which is necessary to secure an appropriate office space for your operations.
To finalize the registration of your interior design company, you will need to submit additional documents, including:
– Post-dated checks for future payments
– Board Resolution and the company registration form
– Attested Memorandum of Association (MOA)
– Attested copy of the certificate of incorporation
– Completed application form for company registration
Following this, you will need to sign the office lease, collect the business license, and manage personnel sponsorship. After submitting these, you will receive the Customer Confirmation Letter along with instructions on the fee payment process, marking the final steps in the establishment of your company.
Cost of setting up an interior design company in Dubai
When estimating the cost of starting an interior design company in Dubai, several key factors must be considered. These include the size of your business, the cost of obtaining a business license, office location, and rental or lease expenses. Additionally, other operational costs such as permits and staffing will impact your budget. On average, the total cost of establishing an interior design firm in Dubai is approximately AED 16,000. It is crucial to account for these factors to ensure a smooth setup process while managing financial expectations effectively.
What are the benefits of starting up an interior design company in Dubai?
If you are planning to open an interior design company in Dubai, you can enjoy many benefits from it because there are many bonuses that comes along with it. Let’s get to know the top benefits you will be able to enjoy while you begin an interior design company in Dubai.
- Favorable Tax Policies: Reduced taxes on business activities support growth.
- Streamlined Registration: Easy processes for company formation and operation.
- Accessible Freelance Licensing: Simple licensing for designers enhances market entry.
- Diverse Jurisdiction Options: Flexibility in choosing the right business setup.
- Growing Demand: Increasing need for both residential and commercial design services.
- Cultural Diversity: Wide-ranging creative applications due to a diverse audience.
- Easy Office Setup: Simple establishment of office spaces in Mainland or Free Zones.
These are the few benefits one can gain while setting up an interior design company in Dubai. It is evident from these points that on can grow their interior design career in Dubai.
How can Damaar help you open an interior design company in Dubai?
Dubai’s need for highly talented interior designers has increased in the last few years. This is evident from job opportunities, financial incentives and perks offered by the Dubai.
If you are someone, who also wants to start a mainland company formation in Dubai, by working with Damaar, we can help you guide you to build an interior design company in Dubai. Our experts will assist you through the full business registration process and help you understand the rules and laws while setting up an interior design company in Dubai.
