Dubai is the commercial capital of the United Arab Emirates. The “City of Gold” offers vast business opportunities and innovative commercial modules for enterprises around the capital. Everyone wants to work here. So, if you are also interested and want to know more about the Dubai Company Setup, then the best business setup consultants will completely guide you and also help you during the process.
Primarily, Dubai attracts foreign investment because of its strategic location and business-friendly government policies. These are the two main reasons why business people want to start their business in this emirate.
Moreover, an open economy and sector-oriented free zone compel entrepreneurs to invest their fortune and set up a company in Dubai.
Process of Dubai Company Setup
- Select The Trade Name – The first step that you need to take is to secure a trading name and do the necessary research to ensure that the name is not already in use. You need to submit the proposed company name and registration application to the Department of Economic Development.
- Determine The Type Of Business – Determine the corporate entity that you want to incorporate in Dubai. The type of business is based on the business activity that you select. In Dubai, a Limited Liability Company is the most preferred business entity in the emirate.
- Choose A Business Activity – The nature of the business may have an effect on which business jurisdiction you select. For instance, if an investor wants to start a company in Dubai free zone, that deciding on the business activities that you want to carry, this decision will impact your company where you can register. Different types of licenses you will apply for business that is also based on the activity. It helps you to do business in Dubai free zone company.
- Draft A Memorandum Of Association – A Memorandum of Association includes a description of the shareholders and the company. The minimum share capital is typically set in the MOA of your proposed company. Get the company’s MOA notarized in the DED.
- Make Your License Application – Along with acquiring office space in Dubai, you would have to formally register the business by submitting your application. The actual documents for your company in Dubai will depend on the type of license you are applying for and which location you have selected.
- Open Corporate Bank Account – To open a company in Dubai, you would need a corporate bank account. First of all, you will need to make sure that you have correct documents, as an account opening form, a copy of your company’s certificate, a copy of your share certificate, copy of your passport.
Document Required for Company Setup in Dubai
The documents required for your Dubai company setup process are given below:
- License application
- Attested LLC agreement
- Governmental forms
- Name reservation certificate
- Initial approval
- External approval
- Tenancy contract
- EJARI registration certificate
- Passport copies of the partners
- Dubai chamber of commerce and industry registration
Benefits Of Business Setup in Dubai
- A Vibrant And Growing Economy:-Dubai is one of the most successful in the case of economic development and has been successful exceptionally in bouncing back after the recession in 2009 to diversify away from oil. Regions such as trade, tourism, and transportation, logistics for about 60% of Dubai’s GDP.
- Visionary Leadership:-This is the vision and foresight of the leaders of Dubai that have built the most modern and successful cities in the globe. An obscure dusty trade outpost has turned into a main global destination only due to their confidence in the future.
- Favorable Investment Environment and Governmental Support:-The DED (Department of Economic Development) of Dubai is responsible for changing the economic agenda of Dubai. it serves to improve the economy and offers all the support required to create a favorable investment environment for both international and local investors. In a favorable environment, you can start your company in Dubai.
- Tax Regime:-In Dubai, like other emirates, all the companies – be it joint participation in companies formed in the mainland or FTZ – all enjoy a tax-free asylum. It is a major inspiration for those wishing to invest in Dubai.
- Legal System:-There are ongoing and continuous revisions to existing investment laws, regulations, and stimulus packages to encourage foreign investment. Dubai was the first, between the emirates to allow property foreign ownership.
How We Can Help You
Start Any Business UAE is the best service provider in Dubai. We have a team of skilled professionals who provide you broad range of services in Dubai. Our experts guide you every step which they take and suggest you the right path. With the help of Start Any Business UAE you can start your company in Dubai in a shortage possible time. We also maintain a good relationship with all ministerial agencies.
So, if you are interested then contact us today. We would glad to assist you. Our best services will surely delight you.
Frequently Asked Questions on Dubai Company Setup
Everyone wants to open a company in Dubai as it has one of the most open economics not only in the UAE but also around the globe.
You can start a company in Dubai with the help of the best business setup consultancy like Start Any Business UAE who can help you during your business journey.
Yes, a free zone company do business in Dubai. In the situation of the free zone company wishes to operate a business in Dubai, it should obtain special licenses and paperwork from the DED of Dubai.
To start a business in Dubai you need to follow some simple steps. Start Any Business Consultants will guide you about all the necessary steps.
The best and experienced business setup consultants in Dubai will help you in a business setup in Dubai. Start Any Business UAE are able to guide you properly.
Yes, a foreigner can start a business in Dubai, and several do. Dubai actively welcomes business people from overseas.
The exact cost would be determined as per the company’s legal structure and the chosen location. The cost is typically about AED 9,000 to AED 10,000.
