The ease of opening a company in Dubai and getting it registered there is a major draw for many businessmen who move to the region. The procedure is so straightforward that it only requires knowing six easy steps.
How to open a company in Dubai?
Step One: Decide on Your Business Venture
Before starting a company in the United Arab Emirates, selecting a business activity should be your first move. Browse through the permitted activities under the Dubai Department of Economic Development (DED) that encompass more than 2,000 diverse industries and sub-sectors. You have several options, especially to know what you can do. Hence, it is crucial to list the things you want to do.
Step Two: Choose the Appropriate Setup
This process of getting a Business License in Dubai consists of two steps. The first step is to ascertain the kind of company license you need. You will need an industrial license if you plan to perform industrial activities, a professional services license if you want to conduct professional services, and so on.
Next, you choose between setting up a shop in one of the several free zones in the Emirates or the mainland of Dubai.
Every option has benefits. Establish yourself on the mainland, and you can engage in frequently profitable government contracts and direct trading with the local UAE market. Create your company in a free zone to access the UAE’s 0% tax rate, complete customs duty exemption, unrestricted currency exchange, and the opportunity to repatriate all of your profit and capital.
Step Three: Choose A Valid Business Name
When establishing a business in Dubai, you must be aware that the whole of the United Arab Emirates adheres to rigorous regulations for selecting business names. It is essential to note that foreign businesses must comply with the rules of the emirates, especially those who are unfamiliar with the general rules of the region stylusworlds.
It is imperative to remember that the name you select for your Dubai business cannot contain any “blasphemous or derogatory” words or any references to “Allah or Islam”. You cannot use your surname or initials of your entire name if you want it to appear in your company name. Finally, you need to confirm that registering your selected name is possible.
Step Four: Submit the Application for Company Registration
To register a free zone company in Dubai, you must send your completed application to the free zone of your choice, with certain basic documentation regarding your business and yourself.
Should you choose to set up on the mainland, your application and supporting documents need to be sent to the DED. The paperwork needed in both situations will vary depending on different variables, including your nationality and the size and type of your company.
Step Five: Apply for Visas
Once you have your company license, you can apply for any necessary visas. This covers the visa for you and your employees and dependents. The size and location of your firm will determine how many visas you can apply for.
Step Six: Open a Corporate Bank Account
It is not always simple to open a bank account in the UAE for foreign nationals. Banks have their distinct requirements. Though there are many local and foreign banks in Dubai, it can still be complicated to navigate through their various acceptance and application requirements.
Starting a Company in Dubai – How A&A Associate can guide?
In Dubai, starting a business is inexpensive and simple. All you have to supply when working with a company setup specialist is some basic paperwork and some details about your line of employment. After that, relax and let the professionals handle all the paperwork related to getting your license and visa, liaising with the appropriate authorities and departments, and reporting when you are ready to begin trading. It is that easy, honestly.
A&A Associate is a prominent name as a provider of business setup and after-sales support services in the UAE. For any further details or information related to their services, call us at +971 56 4086 728. You can write to us at [email protected].
