Company Incorporation Dubai

Dubai is the only city to be most attracted by the foreign investors to start their business. Main specialty about Dubai is that more trade activities are taking place from very long time period.

Company Incorporation in Dubai

For the new entry of business in every country there will be certain rules and regulations to be followed for our future benefits and safety. Similarly here telling about Dubai it is nothing surprising that the business setup are rising every time. UAE nation provided with many added on benefits for the company formation in Dubai.

Company formation process in Dubai

Every business originating in Dubai must have the license for the further company registration procedures. Department of Economic Development is the place where the business license requirements are monitored with the institutional support from the Dubai Chamber of Commerce & Industry.

Dubai Chamber of Commerce and Industry is the legal body which regulates and controls the licensing process for company registration in Dubai specifying the rules that are needed for the company’s lifetime. It was actually formed in order to activate industry as well as all the internal and external trade in UAE nation and also to prepare studies relating to industrial and commercial activities.

Types of Licenses issued in Dubai

For every business in Dubai the need of license is mandatory, the license types vary in accordance with the nature of business activities.

Trade License

This license is applicable for the business activities were the buying and selling of goods are practiced. It is issued for the retail or wholesale trade business types, hotels, contractors etc. Trade license are of two types basically, General trading or specific trading. These trading actions are restricted to their nature of business alone.

Industrial License

It is applicable for the cases were the production and transportation of goods activities undergone business nature.

 Professional License

It is used by the business types were the professional activities are involved like Engineering consultancies, Educational consultants, hospitality services.

A professional license is issued to a natural or juridical person to practice any profession in which he depends on his physical or mental efforts rather than depending on a cash capital. This license is issued to practice certain professions such as engineering consultancy, other consultancy services and studies, auditing and accounting, business set up, company formation, medical and educational services and similar services

Industrial Areas – Company Incorporation in Dubai

Licensing of the same shall be limited to the fields of sophisticated specialization not commonly provided by local engineering firms.

Conditions for the company registration:

• The foreign company’s branch should have the specializations in more than one engineering field along with high technical qualifications and they should exist in the native country for a period of not less than 15 years.
• The company management should have a managing person as in charge who acts as the practitioners of the engineering consultancy profession. The experience of the managers is not less than 15 years. Sometimes a local registered engineer can also be appointed to control over the total management team.
• If the company’s head office is located in the mother country then they should have the number of projects with large financial value. For the submission of application to get license the supporting documents of such projects are important.

If suppose a business person going to do a start up in the industrial field of Dubai, their Incorporation process will be like this as follows:

Industrial Areas – Company Incorporation in Dubai

The industrial business in Dubai has its facilities which is provided number of facilities like internal roads, excellent tele – communication services, water and electric supply services etc. There are many businesses involved in the industrial oriented projects and they are provided with good incentives from the local government.

There are 5 basic things make the valuable investors to start their business in Dubai

1. No objection rises from Dubai Municipality

2. Initial clearance is obtained from the Ministry of Finance & Industry (Industrial Department)

3.  You can apply for industrial license with Department of Economic Development

4. Arrange the factory site

5. Industrial Register helps to register your industrial project at the Ministry of Finance & Industry