Process to open a company in Dubai

It’s really amazing about the business in Dubai in the current market scenario. Dubai is one of the finest city to start up a business in UAE. There are many number of fee zones in Dubai for your business ideas to get implemented. All the free zones acts as special economic zones because of their free taxation, easy employee recruitment, less risk for the visa processing etc.

If you are good enough to set up a business in Dubai free zone and you need to know more about the basic requirements for the startup stage. Initially you have to think about the license process for your business type. Every business in Dubai need to get licensed for their effective running in the city. There are some common license for the basic business type in Dubai are commercial, professional, Industrial/

The license for the business with commercial activities which include the trade (import and export) comes under commercial license. The license for the business with non- commercial activities which includes the professional types comes under this non- commercial license. The license for the production/manufacturing undergone business comes under Industrial license.

These are the basic license requirements for the various business types in Dubai to obtain from the UAE nation. Apart from the license there comes another important factor for the business set up in Dubai is the Local sponsor. The presence of a local sponsor is a mandatory thing in Dubai free zone business. You are allowed to start business along with a local sponsor in Dubai with 51% ownership your business authorization. Local sponsor will be a boon for your business in Dubai only because of their well experience in Dubai trade. You will get rid of the small conflicts with the Arab people there in the marketing field. A complete support from the legal perspective as well as for the business service is provided by the local sponsor. Once you are clear about goodness of the local sponsor and then selected an appropriate sponsor for your business type now you can step to the company formation process in Dubai.

Process to open a company in Dubai is quite challenging for a new business person so that preferring a best business consultant is the right step to move on. Here comes the role of us for offering service for your company formation ideas. The ultimate aim is to manage your requirements in the actual way itself for the better sustainability in Dubai business.

Now the consultant gives you an idea about the company formation process in Dubai from its top to bottom requirements you need to get implemented. Then the brief description about the steps for company formation is as follows:

1.Select a business activity

2.Select a legal form for your business

It includes the company ownership types and based on your kind of business

3.      Select a company/trade name

The company name/trade name is need to be selected

• Company certificate is valid for 60 days
• Only one time renewal is applicable in the course of time
• Renewal should be done within one week before it is due to expire
• Company Name Certificate if once expired that cannot be renewed

4.      Initial approval certificate

It means a NO objevtion action from the governmet for the company start up with the appliations that can be filed online for the Sole proprietorship, LLC and partnership company. It is valid for 6 months and it is not at all renewable.

5.      Draft MOA and local service agent agreement, if required

Legal documents have to be drafted as Memorandum of Association (MOA) as follows

• 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 location is need to be approved by Dubai Municipality considering public health and safety requirements. Local sponsor have their local address in UAE and then to add your business seems to be an easy task.

7.Get license for specific business activity

8. Get business license

You will get your business license within 1 – 7 days depending on the business activity.