How it works ?
Complete this purchase process our executive wil contact you with all details i.e documents required, time line , price etc
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Incorporating a company in Dubai is a strategic move due to its business-friendly environment, tax advantages, and access to international markets. Here’s a step-by-step guide to help you understand the process:
1. Choose a Business Activity
Decide on the nature of your business. Certain activities may require special approvals, such as banking, healthcare, or education.
2. Select the Right Jurisdiction
Dubai offers three main jurisdictions, each catering to different business needs:
- Mainland: Allows you to trade within the UAE and take on government contracts. Requires a local sponsor or service agent (51% local ownership for most businesses, though 100% foreign ownership is now allowed in certain sectors).
- Free Zone: Ideal for businesses focused on export and international trade. Offers 100% foreign ownership and tax exemptions but restricts direct trade in the local UAE market.
- Offshore: Best for holding companies, real estate investments, and international businesses. Offshore companies cannot conduct business within the UAE.
3. Choose a Legal Structure
The legal structure depends on the jurisdiction and business activity. Common structures include:
- Sole Proprietorship
- Limited Liability Company (LLC)
- Branch of a Foreign Company
- Free Zone Establishment (FZE) or Free Zone Company (FZC)
4. Reserve a Trade Name
- Choose a name that aligns with UAE naming conventions (avoid religious or political names, and ensure it doesn’t duplicate existing business names).
- Submit the name for approval with the Department of Economic Development (DED) or the relevant free zone authority.
5. Obtain Initial Approvals
- Submit required documents to the respective authority for initial approvals.
- Some businesses may need external approvals from government bodies like Dubai Municipality or Ministry of Health.
6. Prepare Documentation
Gather and submit necessary documents, which may include:
- Passport copies of shareholders and managers
- Proof of residence
- Business plan (if required)
- Memorandum of Association (MOA) or Articles of Association (AOA)
- Power of attorney (if applicable)
7. Lease Office Space
- Free zones often require a physical office within the zone.
- Mainland businesses must lease space approved by the Dubai Municipality.
8. Submit Final Application
Submit all documents, approvals, and lease agreements to the relevant authority. Pay the applicable fees for registration and licensing.
9. Obtain the Trade License
Once approved, you will receive the trade license, enabling you to start business operations.
10. Open a Corporate Bank Account
- Choose a bank in Dubai or the UAE that suits your needs.
- Submit your trade license, MOA, and other required documents.
11. Visa Processing
If you or your employees need UAE residency visas:
- Apply through the General Directorate of Residency and Foreigners Affairs (GDRFA) or the respective free zone authority.
- Visa quotas may vary depending on office size and jurisdiction.
12. Renew Your License Annually
Business licenses in Dubai must be renewed yearly. Keep track of renewal deadlines to avoid fines or disruptions.