Company
Formation in Dubai might be a respectable idea if you
have a finished plan and market analysis. You can do Dubai company formation in
two types of authorities which is “Dubai mainland Company” or in any company formation in
Dubai free zone. Both authorities offer different privileges subject on the
nature of the corporate and its related actions. If you select Dubai
mainland company formation, then you will need to record the company with
Department of Economic Development, who will issue you a license for your new
company formation Dubai. We are providing assistance for all kinds of company formation
in Dubai.
Company
Formation Procedure in Dubai
Company
Formation in Dubai – Select a Business Activity
The
first step for company formation in Dubai is to select a related class of
business activity. There are almost two thousand business activities are available
for company Formation in Dubai, which comes under different classification.
Company
Formation in Dubai – Select a Legal Form for Your Business
The
second step for LLC
company formation in Dubai is to choose the legal form of your company as there
are various legal forms of company setup in Dubai and it is always based
on the business activity which you are going to choose for Dubai company setup.
When you select a legal form of your company Formation in Dubai, you should
always consider the activity, type of business and ownership options where we
can assist you to choose this all.
Company
Formation in Dubai – Select a Company/Trade Name
This
is very important stage of company Formation in Dubai, where you need to choose
the name of the company. At the time of choosing a company name you should
follow company name guidelines
Company
Formation in Dubai – Initial Approval Certificate
Now
you are to start company
setup in Dubai and you need initial approval. An Initial Approval is a No
Objection from Government to start business in Dubai. Sole Establishment,
Limited Liability Company, Civil Company in Dubai and Partnership Company can
file the application by online. This Approval carrying legal type and business
activities of the license and the validity of this approval is six months and
it is not renewable for company Formation in Dubai
Company
Formation in Dubai – Draft MOA and Local Service Agent Agreement, If Required
In
the process of company Formation in Dubai, you have to prepare a Memorandum of
Association or the local service agreement (LSA) depending on the legal entity
partners. Local Service Agent agreements need to be executed with UAE Local
National in case of Partnership Company.
Following
Legal forms have to be drafted as Memorandum of Association (MOA)
·
Limited
Liability Company
·
Simple
Limited Partnership
·
Private
Shareholding Company
·
Partnership
Company
·
Civil
Company
·
Public
Shareholding Company
If
you are going to setup a branch of an existing company, it will require MOA.
But it is not required for Sole Establishment. Dubai company formation as a
Branch of a Free zone Company, where UAE nationals own less than 51% of the
company, or branch of a Foreign Company and or a civil company that
has no UAE national requires Local Service Agent Agreement.
Company incorporation
in Dubai – Establish Your Business Location
In
order to business setup in Dubai all companies must have an address. The
location should be approved by Dubai Municipality. If the partner of the
company Formation in Dubai is a UAE National and have license for the location,
then you can just add new business in the same address.
Company
Formation in Dubai – Get License for Specific Business Activity
During
the company Formation in Dubai, Some commercial activities need special supports
from different gov’t departments. For example, a Hospital requires special
approval from DHA (Dubai Health Authority).
Company
Formation in Dubai – Get Business License
Now
your company Formation process is almost done if all the above procedures have
completed, you will get a business license within 1 – 7 days depending on the
business activity and all other approvals.
Cost
of Company Formation in Dubai
One
of the most important steps in making a realistic business plan recognizes the
initial costs of Company Formation Dubai. Tax free nature of Dubai is stunning
to many tycoons, but it is very essential to save in attention the charges intricate
in give out a new license in Dubai. The DED’s website offers a valuable tool
which authorizes potential business owners to estimate the fees involved in
business setup in Dubai.
If
you are scheduling for company
formation in Dubai free zones, you need keep in mind that each free zone
has different Company setup procedures and fees. Number of free zones also
requires that the investors have a least amount of capital if they are doing
business setup or establishing the company or enterprise in the free zone as
opposite to just opening a branch of an existing company. Another cost of
starting a business in Dubai or company formation in a free zone where free
zone is sponsoring your employees and providing them with the visas and
paperwork to allow them to stay in the country.
Company
formation in Dubai such as trading companies should also consider the future
costs of importing goods to the country.
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