Registering a company in Dubai
Do you have a dream about business in Dubai?
Now its seems to be an easy task to follow through us, Dubai free zone offers you the services regarding the registration on new company registration formalities, Relocation or expansion of companies and also the important stage of startup of new business in Dubai.
The level of company registration is reached only after crossing through the selection of free zone in Dubai and its licensing procedures. Let us see about the company formation procedures for a beginner.
What are the basic things you do for starting a new business as an individual or any other thing?
Obviously the response is based on the general things which includes:
- Financial requirement
- Selection of best marketing location
- Resources availability
- Initiation/production stage
- Direct deployment of product or releasing services after the complete analysis
In the same way if you are supposed to start up a new business in one of the free zone of Dubai.
Dubai seems to be the finest city in UAE for a fresh business to set up, there comes the complete authorization under a common ministry based on the business type. The highest lighting factor about free zones are simply the free tax facility and successive progress to business, employee recruitment is easy, visa assistance process is simple and so on.
The process of company formation is nothing but registering a company in Dubai with the permission of legal procedures.
1.Select a business activity
At the starting phase you have to be clear about your business activity. Around 2000 business activities are available, which comes under different classes.
2. Select a legal form for your business
There exist many legal forms in Dubai and it’s based on the business activity under take in Dubai. While choosing a legal form for your business in UAE, the basic step is to consider the activity also the type of business and ownership options.
3. Select a company/trade name
The basic things to understand about the company name/trade name
- Certificate for company is valid for 60 days
- It can be renewed only once in the course of time
- Renewal should be within one week before it is due to expire
- Company Name Certificate once expired that cannot be renewed
4. Initial approval certificate
An Initial approval certificate means about NO objection action from Government to start your business n Dubai. The application that can be filed online are an Individual Establishment(Sole Proprietorship),Civil company, Limited Liability Company and partnership company. It records legal type and activities of the license and the validity is 6 months and it is not renewable.
5. Draft MOA and local service agent agreement, if required
These are the Legal forms have to be drafted as Memorandum of Association (MOA)
- Limited Liability Company
- Private Shareholding Company
- Public Shareholding Company
- Simple Limited Partnership
- Partnership Company
- Civil Company
6. Establish your business location
Every company in Dubai should have an address. This address location must be approved by Dubai Municipality considering public health and safety requirements. If the local sponsor have the local address in UAE and then to add your business seems to be an easy task.
7.Get license for specific business activity
Some business activities require special approvals from various government departments.
8. Get business license
After the above procedures have completed, you will get a business license within 1 – 7 days depending on the business activity.
These are the basic steps required for the registration of a new company in Dubai.
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