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Do you want to start a company in the UAE? Discover the procedure of company formation in Dubai. With optimal structures for efficient company incorporation, KWS ME ensures a seamless path to success.
Everyone has two options when it comes to company registration Dubai, namely mainland company formation and free zone company formation. Dubai government provides the two types considering the nature and technical requirements that different businesses have. The operational capacity and scope of the business are two other factors that affect the decision to choose between the two company types.
These two options have been successful at promoting business activity through various incentives for businesses. To register a company, the process is easy if the required set of documents is complete.
There are different rules for the two different company registration types.
If you want to register a mainland company, the first thing that you require is to register with the Department of Economic Development (DED). The department is responsible for relevant business activities and other areas as well. The department will issue a Dubai Business License under which you can conduct business activities in Dubai.
To complete your company registration Dubai, you need to follow a few steps.
It is highly important for investors and stakeholders to know the requirements when it comes to incorporating a company it the UAE, particularly Dubai. The reason behind this is that high costs are involved and legal matters need to be clarified so that there is no doubt left as to the limits of business activities.
Experts at KWS ME allow the investors to use the experience and expertise of the consultancy in the market of Dubai and present the business in a manner that is not so common. Processes for company formation in Dubai may be hectic due to the documentation and the approvals of the different government departments.
Whether it is the Dubai free zone or any other sort of business setup, experts at the business consultancy always know how to get the processes wrapped up quickly. Through the support services provided by KWS ME, the investors have an opportunity to take a flying start after their company is incorporated. It is these services through which KWS ME can find serviced offices Dubai for the dear clients.
The growth of businesses in the UAE also signaled the government to provide rules and regulations that can provide ease with which businesses operate.
There are three types of business setup in Dubai that you can incorporate in Dubai. These are Mainland Company, offshore company and Dubai Free Zone Company — that you can incorporate according to the requirements and nature of the business. All three types have different rules and regulations to govern them, so that there is no mismanagement of time and resources.
This type of company is mostly setup so that tax incentives can be taken advantage of by the investors. An offshore company can be used to manage property and assets. The good thing is that the ownership for the foreigners is 100%.
Go Offshore
Onshore company formation in Dubai is most common form of company formation because it provides businessmen with freedom to trade and provides them with better opportunities to grow and expand.
More markets, both local and international, are now available to the investors to invest in. The one little problem is that the local sponsor has to be chosen for this type of company formation.
Go Mainland
The free zone, although provides 100% foreign ownership of the company formed in it, but doesn’t have the freedom that mainland companies have.
Go Freezone
Business setup in Dubai is about taking the opportunity, before someone else avails it. Incorporating a company in Dubai is the best way to grab the chances that come your way. It is up to you to choose the legal form and the type of company that you want.
Select the professional license in Dubai according to the individual business requirements that you have. KWS ME helps you with whatever situation you face while you are forming a company. We hold your back till the Dubai company formation process is complete.
Obtain License
There are different types of business activities that you can conduct onshore in the UAE. Some common names are Limited Liability Company, Dubai Mainland Company and Branch and representative office.
Start Dubai LLC
You need to select the business activity that you want your business to indulge in. The category that the business falls in will be determined by the activity chosen by you. Categories can be tourism, industrial, commercial and others. All types of activities have different laws to regulate them.
Your business can be given one of the many different legal forms and laws will be applied on your business accordingly. This makes process and regulations smooth for the business community in Dubai. You have to decide whether your business is going to be a sole proprietorship, a limited liability company or any other. All legal forms have advantages and disadvantages and it is only an expert that can provide you with an insight on the legalities.
The next step is to give a name to your business. Copyright laws are strict in the UAE and there is no compromise on intellectual property. The business has to be reserved by paying a fee to the relevant authorities. The name reservation is temporary unless the fees charged for name registration are paid within 3 days.
The No Objection Certificate has to be received from the DED, which is the initial permission to continue with business development and acquiring a business license. The initial approval is required to obtain the trade license; however, this does not mean that you can run your business. There are a few more steps before you can operate a business.
A Memorandum of Association may also need to be signed by you depending on the legal form of your business. The memorandum is required for corporate or local service agent. Because, this is the legal requirement for some types of business types in Dubai and the UAE as a whole. Without the local service agent, foreigners no longer required the assistance of local sponsors to start their businesses in Dubai.
Your business in Dubai has to have a physical existence. The rent agreement that you sign with building or place owner will also be attested by the Ejari. Initial approval and other important documents will be required by Real Estate Regulatory Authority. The attested agreement will later be required for issuance of trade license as well.
Sometimes, licensing approvals are required by other government departments & local & federal level as well. This depends on the area of jurisdiction of a government department within which the business activity falls. If you are setting up a new restaurant, the food department might also need to be approached for approvals before you can start your operations. Once you have the required approvals from all the government departments involved and have received the trade license, your business setup process is complete.
The cost of company registration depends on the different fees that regulatory authorities charge at different steps of the process. Business owners have to pay these dues within a certain time for completing every step. Otherwise, they have to repeat the specific step. The approximate cost of company registration in Dubai ranges from AED 10,000 to 30,000. Cost varies due to the rules & regulations of the UAE and Dubai governments. Also, they take into account the business dynamics. Dubai company registration cost includes all charges that have to be paid for attestations and all processing fees. Some of the costs involved in the process are yearly. While, some costs are to be incurred only one time.
Empowering Success: Vision Meets Expertise
There are many advantage of incorporating a company in Dubai:
