For new entrepreneurs, UAE is one of the most renowned places on Earth where setting up a business is a time taking task with tedious steps. According to a survey conducted by World Bank, Dubai is standing in the 33rd position when it comes to starting your venture easily. By the ranking of this city in mind, we can safely state that company registration in Dubai is going to be hard, so that's why we have written starting points before taking any step, especially if you are unaware of the laws and regulations of the constituency.
For several years, the experts of Amadlaw have been effectively and efficiently assisting our clientele with business licensing, registration, and related solutions. It is the greatest gateway to the flourishing MENA region. Acquaint yourself with terms and legal framework, if you are planning to get success in this arena.
Type of Dubai Business Registration
The most popular types of company setup include
Freezone Business Registration in Dubai
If you want 100% ownership of your organization, choose a free zone to start up your venture which include Dubai Investment Park, Jebel Ali Free Zone, Dubai Healthcare City, Dubai Airport Free Zone, Dubai Multi and Commodities Centre, Dubai Silicon Oasis, Dubai Media City, etc. You can start a Free Zone Establishment in which an individual can hold all shares; if you have more than one member as a shareholder; choose FZCO or FZ-LLC. You can also open your branch office in these free zones.
LLC Company Registration in Dubai
For Limited Liability Company, you have to acquire a partnership with a local Emirati who will hold the 51% of shares. With this type of corporation, you are allowed to conduct your operations within the UAE market, whereas the Freezone setup requires a resident agent for trade inside the United Arab Emirates.
Branch Office Dubai Business Registration
Offering free of withholding taxes or corporate income tax environment, the specifics of each type of Dubai Business Registration is as follows
|Process||LLC||Freezone Company||Branch Office||Rep Office|
|Time, it takes||5 Weeks||3 Weeks||6 Weeks||6 Weeks|
|Cost of setup||USD 20,000||USD 24,950||USD 44,450||USD 23,250|
|Required Capital (minimum)||USD 50,000||USD 50,000||USD 16,500 (Bond)||N/A|
|Requirement of physical office||Yes||Yes||Yes||Yes|
|Permission to conduct within Dubai||Yes||Yes||Yes||No|
|Local clients sales contract is allowed||Yes||Yes||Yes||No|
|Shareholders & Directors public registration||No||Yes||No||No|
Steps of Business Registration Dubai
Step 1: Activity Selection
Step 2: Selecting the Type of Legal Form
Step 3: Deciding Trade Name
Step 4: Initial Approval Phase Application
Step 5: Memorandum Preparation
Step 6: Location establishment for business registration in Dubai
Step 7: License approvals
Categories of Licenses Issued for Business Registration in Dubai
You have to apply for one of these categories depending on the type of activity, in order to register your company
- Commercial License
If you are into trading, this is the most suitable one.
- Industrial License
If you are planning to set up manufacturing facility, apply for this.
- Professional License
If you are a professional and willing to provide services including craftsmanship and arts, this is a perfect one for you.
The Department of Economic Development is the agency governing every step of business registration in Dubai.
How AMADLAW Can Help You
- Consultancy provision to select the best-suited structure as per your plans
- Documents drafting, dealing with submission, assembling, translation, legalization and notarization.
- Processing of work permits and visa
- Sponsor and partnership options
- Approval from ministries
- Setting up a bank account