How to do a Business Setup in Dubai?
Good question! Business Setup in Dubai is an easy breeze, whether you are inclined to Mainland or Free Zone. Just a few steps and voilà! However, you must be well acquainted with the laws and regulations in Dubai before you embark on your entrepreneurial journey to keep the troubles out of your way.
Easy Steps for Company Setup in Dubai
- Determine the business activity
- Decide the jurisdiction
- Finalise the legal structure of the company
- Partner with a UAE national, if applicable
- Register the trade name with the relevant authority (For Mainland Dubai it’s DED)
- Obtain external approvals for the trade licence approval, if applicable
- Rent or buy a business premise in the preferred location
- Apply for the initial approval (For Mainland Dubai it’s DED)
- Draft the MOA/LSA for your business
- Pay and collect the trade licence when ready
- Apply for your and your family/dependents’ visas along with the UAE residency
- Finish miscellaneous post-business setup activities such as opening a corporate bank account, hiring staff, applying for employment visas and so on. And you are good to go!
Paperwork for Business Setup in Dubai
- Duly filled-in licence application
- Attested LLC agreement
- Governmental forms
- Trade name reservation certificate (Dubai Trade License)
- Initial approval certificate
- External/additional approvals (if applicable)
- Tenancy agreement
- EJARI registration certificate
- Passport copies of partners and NOC for partners (if any)
- Dubai Chamber of Commerce & Industry Registration
- Endorsements from Governmental Agencies (For oil & gas companies)
- UAE Central Bank Approval & Licence (For financial institutions)
- Finance & Industry Ministry Certification (For manufacturing companies)
- Economy & Commerce Ministry Certification (For insurance companies)
- Health Ministry Certification (For medical & pharmaceutical firms)
Although the process of setting up a company in Dubai or company formation in Dubai is pretty straightforward, you still have to jump through several hoops to accomplish the task, specifically when it comes to meeting the paperwork and legal requirements involved. Plus, there are so many big-little decisions you have to take every step of the way. And every single decision is equally important and can impact the future of the business. In order to avoid any kind of inconvenience, wastage of your valuable time, effort and money, and of course to overcome the fear of making wrong decisions or committing potential mistakes during the course, it is advisable to involve an experienced business setup consultant in Dubai like Adam Global. Our Dubai business advisors will make the process as quick, easy and clear as possible. Click here for your first-time free consultancy with us.
