United Arab Emirates’ commercial hub Dubai is the second-richest emirate after the country’s capital Abu Dhabi. Unlike the other emirates, Dubai’s wealth was surprisingly not derived from natural resources and oil reserves. If you’re willing to start a new business or want to grow your existing one Dubai should also be at the top of your list of potential locations. If you’re thinking of opening a company in Dubai then, there are a number of benefits. But, the major challenge occurs in finding a perfect way to register company in Dubai, UAE. But, no need to look at multiple confusing options because today, we have resolved this hurdle for you. Here, we will be sharing a detailed guide on register company in Dubai!
Steps To Follow For Register Company In Dubai
Below given procedure is ideal to follow before starting registration of your company formation in Dubai:
Determine Business Nature
The first step is to thoroughly decide the type of business being registered as there are typically over 2000 distinct economic activities listed.
Decide Your Business Structure
Since various business structures provide varying benefits and compliances, you need to choose your business structure for deciding target audiences, required capital, revenue generation planning, establishment, and other necessary factors.
Do Your Trade Name Registration
The trade name or company name must be unique and must not rhyme with the name of another registered business. You can apply in person online or with a smart application through the chosen Emirates Department of Economic Development (DED).
Approval in Beginning
A no objection certificate from the UAE government to a particular company being established there is referred to as initial permission. This approval enables the investor to proceed with the subsequent stages of business setup while awaiting the license to be granted by the authorities. However, it doesn’t give the investor the power to run the business or conduct operations.
Keep Your Documentation Handy
A Memorandum of Association (MOA) is required if the business is set up as a civil corporation, limited liability company, public shareholding company or private shareholding company. A local service agent agreement (LSA) is required if the company is a sole proprietorship.
Finalize Business Location
All businesses in the UAE require a physical address in order to operate. The location and amenities of the business must meet the requirements set forth by the Department of Economic Development in the Emirates as well as the zoning laws and regulations of any nearby municipalities or other relevant authorities. There are different locations such as Mainland, Freezone, and Offshore. Tenancy contracts for office or warehouse space in Dubai must be recorded at the Dubai Land Departments Ejari site or to resolve challenges for offshore company setup in UAE.
Other Government Acceptance Documents
Additional authorization from the government agencies responsible for particular commercial activities such as the Ministry of Justice, the Ministry of Interior, the Local Municipal Department etc (may be required in some cases).
Submission of Documents
You can submit all of the documents with your application once they are ready. A copy of the lease agreement properly attested is one of the documents.
Obtaining Licenses
If no objections have been raised you can get the business license on their website or at the service centers of the economic department after submitting the necessary paperwork.
Register the business with the Chamber of Commerce and Industry
Since the license has been obtained you can register the business with the Chamber of Commerce and Industry. Nonetheless, the business needs to register in the same emirate where it was established.
One of the most emerging solutions that people are following is online business setup in Dubai. But, online business setup requires some necessary steps to be followed. In further segments, we will guide on online company registration in Dubai.
Potential Steps To Take To Register Online Company In Dubai
Dubai’s online company registration allows investors to launch their businesses from the convenience of their homes. Dubai makes it simple for business owners from all over the world to register a company in the UAE (Dubai). As a result the online company registration process in Dubai offers investors several advantages. In order to establish a business in a UAE free zone or Dubai Free zones, many free zones do not require shareholders to be physically present. This process can be done with further steps:
1. Get in touch with BrightVision to schedule a free business consultation
Obtain professional business consulting from Brightvisions team of business consultants. The team will give the best business advice based on the particular needs of the client and the state of the market.
2. Choosing a business name and conducting business
It is necessary to choose the appropriate trade name for both the business and the trade activities that will be carried out by the company. Depending on the investors, new business setup ideas need an expert business setup consultant who can help to choose the best trade name business license business activity and business jurisdiction.
3. Add documents to the portal
The investor must provide the necessary paperwork including a copy of their passport, a photo, a synopsis of their business and their resume. The application form will be prepared by your advisor and sent to the investor for approval. The submitted documents will be sent to the appropriate licensing authority following their examination and approval.
4. Licensing Authority coordination
In order to keep investors informed about the progress of their company license their team will prepare the application, submit the necessary paperwork and monitor the process. The investor does not need to be physically present in the UAE to open a business.
One of the most preferred business setup service providers, Brightvision can perform all necessary investigations, steps, challenges for business setup in multiple locations in UAE. Be it a task to offshore company setup in UAE, mainland company setup, or other.
5. Fee Payment
The investor can use one of Brightvisions secure payment options such as Pay-By-Link or direct bank transfer to register their company online. The business licensing authority and your business setup consultant will work together to process the trade license as quickly as possible in accordance with the investors business needs.
6. Acquiring the company’s records
When the investor pays the licensing authority the fee, the trade license and all other company documents will be sent to them. In the shortest amount of time we will work together to obtain the trade license and other company documentation. Company documents will be delivered right to investors’ doorsteps. Since the pandemic online company registration in Dubai has grown in popularity. In the region a large number of free zones have switched to entirely online procedures for granting trade licenses.
To register a company in the UAE and complete the necessary paperwork investors do not need to travel to the United Arab Emirates. In addition to completing the company registration process online foreign investors can connect with the top companies that offer company setup services.
What Documents Are Required To Open A Company In Dubai?
The list of documents you may require for the Dubai company registration process is provided below.
1: A copy of the passports of the directors and shareholders.
2. A duplicate of the national identity cards of the shareholders and directors.
3. Current bank statements credit card statements or utility bills that list the residential addresses of the directors and shareholders.
4. A resolution of the company board that details the creation of a branch or subsidiary and names an authorized manager is contained in the Memorandum and Articles of Association.
5. Share capital information.
6. A properly certified appointment contract from a company or service.
