Company formation in Dubai

Do you have enough business ideas to have a start up in Dubai?

Are you clear about the basic rules that should be adapted in Dubai for a new business?

Forget the confusions and start moving ahead for the implementation of business through a best business consultant in Dubai. We are Corp root consultants encouraging the business people who are new to Dubai and also servicing for the people who have their ideas for business expansion and relocation, Company formation, Trademark registration, ISO Certification and so on.

Here we are going to clear the session for the new company in Dubai……..

Why do you choose Dubai as your business location?

Dubai is the one of the best city in Middle East that having their trading activities from very long period and then it’s another highlighting factor is the geographical location which lies between Asian and European Market. The environment for a business is better for Dubai city with its population and market level status. There are free zones that attracts various new business people to arrive for practicing business ideas.

How will be the business in Dubai main land and Free zones?

In Dubai you are allowed to start your business anywhere else based on your selection of market. On a normal basis new business people are suggested to start up in either Dubai Mainland or in Free zones. In both the locations the basic requirements are same only the facilities differs.

Every business in Dubai must have a business trade license from UAE nation based on the nature of activities you are involved as a part of business. In free zones alone in Dubai you should have a Local Sponsor who is already doing some business in UAE. Once you have decided for the startup then simultaneously you have to select a best local sponsor were he/she should have at least 51% of ownership in your business.

When you are clear about this basic partnership and license details then you can further move to the process of choosing a location.

1. Dubai Mainland

You can choose Dubai Mainland for the business with the requirement of a business license by registering your company details and necessary documents to the Department of Economic Development. After getting the business license you feel free to start the process of company formation in Dubai.

The benefits for the company formation in Dubai Mainland are:

• Very low cost business setup
• Can able to maintain the bank account
• You can own the properties in UAE
• Complete repatriation
• You can have an option of Inc or Ltd

2. Dubai free zones

If you wish to start a company in Dubai free zones then it’s quite easy for the rest of the process to get completed than mainland.

Free zones are like special economic zones were various business enterprises do their business services. Free zones are applicable depending upon the nature of business, for example free zones are: Dubai internet city, Dubai healthcare city

Once getting into the free zones and then you can enjoy the benefits provided as follows:

• You will get 100 percent repatriation
• 100 percent ownership
• Easy employee recruitment
• Can enjoy the free tax for income and corporate
• Smooth documentation

All the basic things are when satisfied the process of company formation become easy to implement. So far the necessity of learning the company formation is very much important for a new business people entering to Dubai trade. Usually an individual does not prefer to do the business setup procedures in Dubai, thus with the help of a company formation consultant the legal part of works will be easily processed. Your entire steps from the root to the finalization is guided by the consultant like Corp root in Dubai free zone. Feel relax with the company formation process when linked with us and enjoy the service satisfaction.

The relevant information for the company formation in Dubai is provided here let us brief the steps for the process below:

• Select the business entity

It is the first stage of your appropriate selection of class for your business among the various business activities.

• Choose a legal form for your business

There are various legal forms in Dubai, in which you have to select based on the number of employees, ownership types.

• Now, choose your Company name/ Trade name

On usual basis a company name is valid for about 60 days, you need to renew it one week before the due date and this renewal process can be done only once. If suppose your company name certificate is expired and then it cannot be renewed.

• The stage of initial approval certificate

It is a type of NO objection formality obtained from the government to startup your company in Dubai. This certification can be applied through online based on the company ownership type like individual or sole proprietorship, Partnership based, civil company, LLC formation etc. This is valid for 6 months alone.

• If you need then draft MOA and legal service agent agreement

Based on the type of entity the partners has to prepare a Memorandum of Association (MoA)

When drafting legal forms as MoA as:

1. Limited Liability Company
2. Private Shareholding Company
3. Public Shareholding Company
4. Simple Limited Partnership
5. Partnership Company
6. Civil Company

Even sometimes the branch of an existing company also requires MoA but not for a sole proprietorship company. In the case of Free Zone Company the ownership of the partners must have 51 percent but for the branch of a foreign company does not require the national partner.

• Business location establishment

This is the phase for obtaining tan address for your business location. There are certain procedures to get address that should be approved by the Dubai municipality and also the health and safety services. Sometimes your local sponsor in your business already have address in UAE then you can simply add the same address.

• Get your license for your business activity

There are some business which need to get special approvals from the government. For example the medical activities including the hospital services should get approval from the Dubai Health Authority.

• Finally, get your business license

You will get your business license after completing the above procedures within 1 to 7 days.