Guide For Company Formation In Dubai, UAE

On a regional basis, Dubai is in the topmost position enabled by supportive government policies and programs and easily doing business. Dubai trade license legal formalities are completed online with the help of digital governance. One of the leading hubs in the world is Dubai. For Company formation and exploring investment opportunities, Dubai is considered as a prime choice. One of the most vibrant and easy-to-access global commerce centers in Dubai. The quickest and most hassle-free method to register a business name in Dubai is Business Setup in Dubai. Within very few hours you can get your business started. Authorities always encourage starting a business in Dubai.

STEPS TO COMPANY SETUP IN UAE

1. Choose Your Company Name – Before committing a company name, you must assure it conforms, as the UAE has some strict naming conventions. Any company names that refer to Allah or any other religious, sectarian or political groups, such as the FBI or Mafia, and any names that include offensive language are forbidden in Dubai. No initials or abbreviations should be used to choose a company name. The person must be a partner or owner of the company and their full name must be used in order to choose the name of your company after a person. Chapter and verse on all the naming conventions are provided by our business set-up experts. A lot of time and effort are saved when you run the company on your proposed name.
   
2. Process Your Visa – When you apply for your own visa, free zones allow you to put in applications for staff and dependents – will depend on which free zone you choose to set up in, the exact number you can submit. It is best to seek expert advice to ensure that firstly if you are looking to obtain visas for a spouse, child, maid or driver, this is only possible in your chosen free zone. Meeting all of the entry criteria is essential before you or anyone else is hoping to sponsor a visa. Entry permit, status adjustment, medical fitness test, then Emirates ID registration and visa stamping are the four simple stages in the process of visa application.
   
3. Choose Your Business Activity – Depending on the free zones that you set up your business in, the nature of your business can have a bearing. You will probably want to choose one of the free zones situated near an airport or port, if your business relies heavily on import and export. Establishing your business activity gives you a steer and can help to eliminate some options early on, but the final decision can be taken later in the preparation process. Your business does not need to be pigeon-holed. It’s possible to have multiple business activities listed under one trade license. Certain types of activity, such as media, medical or transport, and aside from the restrictions, are allowed by some free zones.
   
4. Finalize All Incorporation Paperwork – Proper advice on the paperwork and all the help required to complete it can be provided by your business set up partners. The paperwork is not too taxing, provided it is undertaken with expert help. For your chosen company name and activity, you will be required to complete an application and provide it to the relevant government authorities along with copies of shareholders’ passports. Documentations such as a business plan or Non-Objection Certificate (NOC) – a letter from a current sponsor confirming that you are allowed to set up another business in the UAE will be required for some free zones.
   
5. Receive Your License Notification – The government will issue you with your company license, once your application has been processed. When the documents are ready to be collected the business set-up companies notify our clients.
   
6. Open A Bank Account – You will have all the documentation you need to open your corporate bank account once your paperwork has been returned. Local and international banks consider Dubai as a home for them. Dubai has many banks such as – Abu Dhabi Commercial Bank and the Commercial Bank of Dubai, HSBC, Citibank, etc. Meetings can be arranged by your business set-up partner with a number of institutions to help you choose the most suitable option or else you can approach a bank of your own choice.

Benefits Of Doing Business In UAE

• An economy that is growing rapidly with time.
• Inexpensive cost of company formation in Dubai.
• Benefits of Taxation.
• Minimum capital is not required.
• Unrestricted locations for trading.
• 100% foreign ownership is one of the benefits in the Free Zone.
• Nearby to the airports and seaports you can own first-class infrastructures.
• Currency limitations are not restricted.
• Import duties are very low.
• Business activities avail of many more options.
• Limitless number of visas for carrying out a Mainland business.
• Workforce is easily available at relatively cheap prices.
• The Emirates provide equal business opportunities for foreign and local entrepreneurs in order to protect the rights of the investors.
• Full confidentiality of data about business owners in Dubai.
• For hassle free transactions in the local currency, a simplified KYC procedure is applied and freedom to deposit and withdraw funds in UAE.
• Trade marketing is free in the UAE.

Some Of The Best Free Zones In Dubai, UAE.

1. DSO Free Zone
2. DIFC Free Zone
3. Dubai Airport Freezone
4. Sharjah Media City Freezone
5. DMCC Free Zone
6. Fujairah Free Zone
7. Ajman Media City Freezone
8. Jebel Ali Free Zone

Documents Required To Start Your Business In Dubai:

The required documents may differ depending on the economic zone of your choice:

• Business related statutory documents.
• The trading name approval letter.
• Passports copies of owners and partners of the company.
• Business memorandum of association
• A copy of the office space tenancy agreement.
• An application form that has been filled.

Depending on the location/land where you want to start your business and the business activities that you will be performing the cost/fees vary differently. For the business trade license, you can expect to pay from AED 10,000 to AED 15,000 anywhere in Dubai.

Cost To Register A Business In Dubai

For the license and visa, a free zone setup is expected to be approximately around AED 20,000 – AED 25,000. The cheapest registration for companies is available in the UAE. It can be reframed as, depending on your chosen business activity, company size and the location where you set up your business the cost to register a business in Dubai will vary accordingly. Dubai has the availability of very reasonable company registration fees.

We hope this guide will help you. If you want to start your company or have any concerns about it feel free to contact us directly. It would be our pleasure to assist you.