Dubai- Company formation
Company formation is the process of incorporating a company in the city like Dubai for the future benefits. Business in UAE nation became common now a days and it does not seems to be difficult task with the help of any business consultant.
We acts as one of the company formation consultant in Dubai were new business ideas can be implemented in part of Dubai for the profit. Dubai is the major location for higher business opportunities in the present situation because of its excellent geographical location that lies between Asian and European market where the trading activities have started very before.
Did you selected any location to start your business in Dubai?
Have you analyzed the locations in Dubai for the best entry for your business setup? By simply forgetting the selected locations in your mind just filter out to the business areas Dubai main land and Dubai free zones.
These are the 2 basic places suggested for the Company formation – Business setup in Dubai by us for the easiest business setup process. Wherever you start a business the default requirement is capital, location, market, employees, profit. All the factors can be obtained at Dubai main land as well as at Dubai free zones.
In Dubai Mainland the license requirements and the further company formation process is performed at the Department of Economic Development submitting the required documents. You will be getting business license in Dubai mainland for the further registration formalities.
In Dubai free zones it is a different business set up areas were many companies have registered in various free zones based on the nature of business types. There is a central ministry of authority availed for all the free zone activities. Depending upon the field of business you can start a company at any of the free zone to enjoy the added on benefits.
Free zones of Dubai are special economic zones providing the benefits like 100 percent ownership, 100 percent repatriation, No tax for income and corporate level, easy visa processing, Employee recruitment is easy and so on.
Company formation process can be initiated by obtaining the following documents and types of business license in Dubai:
Documents required:
- Application form
- Memorandum and articles of association of the company
- Passport copies of the shareholders of the company
- Chamber of commerce extract document
- Board of resolution (if required)
Types of license based on the business type:
Professional license:
Applicable for the business undergoing the professional set of activities like consultants, corporate companies etc.
Commercial license:
Applicable for the business with commercial trading activities including the both import and export
Industrial License:
Applicable for the business were product development and transportation activities are performed.
Process of Company formation- business setup
- Selection of business entity
- Type of legal form for your business is to be selected
- Company or trade name has to be selected
- Get the initial approval certificate
- Local service agent agreement and MOA is drafted (If required)
- Business location is established
- Obtain the business license for your company activity
- Finally get the business license for your company
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