KWS-ME streamlines Dubai business setup, from optimal structures to efficient incorporation, ensuring a seamless path to success.
The city has been the hub of international trade in the region. It has attracted investors from all around the world & the authorities have made sure their regulations and processes are streamlined and ready to take on the challenge of dealing with the influx of investments in to different industries from all over the world.
The authorities have a way of handling things and the business environment that Dubai has was possible only due to the way the country has organized itself to handle everything through due process. In order to run your own business setup in Dubai, you must have a valid trade license issued by the Department of Economic Development. The Department for Economic Development also deals with local and foreign investors.
Entrepreneurs wishing to incorporate or own business setup in Dubai face certain hurdles. KWS-ME provides with required and viable solutions to these entrepreneurs and investors.
For your company to incorporated or registered, you are required to submit a company registration in Dubai application in which you have to obtain initial approvals from the License Issuing Section of the Department of Economic Development.
The department will sanction your business activities, the name of your business, and verify the identity of the people holding a legitimate stake in the company. At DED, company name must be available to be chosen and reserved. A payment is required, which can be made online on the official website of the Department of Economic Development.
You have to complete notarization of the Memorandum of Association from the Department of Economic Development for obtaining a trade license. The process does not take too long and might even be completed in a day.
The lawyer for the applicant takes the initial approval from the notary earlier so as to save the applicant’s time when he arrives to get his documents notarized on time.
Foreign companies which want to setup a branch office in Dubai is now 100% owned by the foreigner. In such a case, the company has to be 100% owned by a UAE national or a local UAE national is appointed as an agent of the company.
Business activities fall into following categories of licenses:
DED issues the Trade License and Commercial Registration Certificate to the company after the due processes are complete. Business consultants in Dubai can help you through the whole process.
The UAE Commercial Companies Law requires, companies holding a professional license must have a local partner in ownership with 51% shares. Companies involved with Oil & Gas business are exempt from the 51% requirement and are given certain concessions.
The registration process consists of these steps: