The procedures for registering a company in Dubai have become more flexible than ever, thanks to the continuous efforts of the UAE government, they provide many facilities for establishing companies and offer incentives to investors. Various options are available to determine the optimal path for company formation and project creation, it’s worth noting that the UAE government supports startups and provides them with facilitations and golden investment opportunities, making it a destination for entrepreneurs and investors from around the world.
Here are the company registration procedures in Dubai, steps and instructions for every investor who wants to start his project.
Here are 7 important legal steps and guidelines for registering company in Dubai according to the approved regulations and laws:
Determining the economic activity of the company
These are the first steps in registering a company in Dubai.
As well as, they must be completed to meet the conditions set by the Department of Economic Development.
At this stage, the type of economic activity is selected, bearing in mind that economic activities are diverse.
This allowing investors to establish various businesses, including commercial, industrial, service-oriented, and tourism-related activities.
Choosing the legal form
This is the second step that the investor should undertake.
At this stage, the legal form of the chosen activity is determined to regulate the company properly.
Legal forms vary and include Limited Liability Partnership, Foreign Branch, Sole Proprietorship, and Holding Company.
Selecting the commercial name
Selecting the company’s name is the third step, following the regulations set by the Department of Economic Development.
The chosen name of Registering a company in Dubai must be suitable for the company’s nature of business and should comply with specific criteria.
It must not include inappropriate phrases or be identical to a government entity or another company’s name.
It’s important to note that part of the company registration requirements in Dubai is to determine the commercial name, register it with the competent authority (Dubai Department of Economic Development).
And then receive permission to pay the fees and transaction number.
Initial approval from relevant authorities
Obtaining initial approval from the relevant authorities is a necessary step.
This approval covers the nature of the company’s activity, its name, and its legal form.
With this initial approval, the investor proceeds to complete the rest of the Registering a company in Dubai procedures.
Selecting the company’s location
UAE laws and regulations dictate the choice of your company’s location.
When selecting a suitable location, the address is registered in the company’s documents.
It’s worth noting that the chosen location should exist physically and have a duly certified lease agreement from the competent authorities.
Additional approvals from concerned authorities
Some economic activities require additional approvals when establishing a company in Dubai without sponsors.
These approvals may come from the Ministry of Interior, Ministry of Justice, Health Authority, Executive Council, or other relevant authorities.
Issuing the commercial license to conduct business
The final step in registering a company in Dubai is issuing a commercial license based on the nature of the business.
You can also reach out to a company like “Tasyeir” for assistance in handling all the procedures and obtaining a commercial license.
Advantages of Registering a company in Dubai
It’s worth noting that the UAE authorities continually renew their policies to create a safe and efficient environment for investors.
To remain a destination for entrepreneurs from around the world, Dubai offers numerous benefits and privileges when establishing a commercial company for saudias, including:
- 100% foreign ownership, you can own your company entirely without the need for a local partner.
- As well as, Dubai provides a complete tax exemption for businesses.
- Companies enjoy exemptions from import and export duties.
- Dubai has many free zones that offer even more advantages.
- Investors have the freedom to choose their company’s board of directors without nationality restrictions.
- Dubai’s open and global market promotes various business activities.
- As well as, Investors and entrepreneurs can obtain a golden visa, allowing them to reside with their families for up to 10 years.
- Dubai offers flexibility in company registration procedures and simplifies the process of obtaining required documents for company formation.
- Dubai boasts a wide-reaching communication network and robust infrastructure.
Cost of Registering a company in Dubai
Despite the many facilitations when going through the procedures of establishing a company in Dubai.
You will still incur certain fees and expenses.
These expenses are related to obtaining necessary documents, obtaining a commercial company licensing, paying for transfers, residency fees, and other miscellaneous costs.
However, with the assistance of a company like “Tasyeir,” the process can be made easier and cost-effective.
The costs associated with Registering a company in Dubai can be summarized as follows:
- The cost of real estate or office space for your company, whether purchased or rented.
- Obtaining the company license, allowing you to conduct commercial activities in the UAE.
- As well as, office setup expenses, including furniture, decorations, and more.
- Employee visa fees and work permit costs.
- As well as, opening a bank account in the name of your new company, including capital deposits based on your company’s nature of business.
- Legal structure fees for the company, which can vary depending on the type of entity and legal structure, whether it’s commercial, professional, industrial, or otherwise.
Contact Tasyeir to execute your plans
If you’re an aspiring entrepreneur worried about taking the first steps towards your boundless dreams, the UAE is the ideal choice to launch your company, if you’re already an investor with a variety of business activities and wish to expand to different regions in Dubai, Tasyeir is here to encourage you and offer full support for all your plans.
Through a team of experts and competent employees specializing in Registering a company in Dubai and development, Tasyeir is ready to answer all your inquiries and execute everything that crosses your mind regarding your project, aligning it with both local and global markets. Furthermore, we work diligently to complete all procedures in the shortest possible time.
The company registration process in Dubai can be daunting if you’re looking to kickstart your own project, but with Tasyeir, you can accomplish all the necessary steps for how to establish a company in Dubai in no time.
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