UAE is a group of developed and developing countries and offers excellent options for trade and commerce to foreign investors. Dubai is one of the fastest-growing emirates in UAE and one of the fastest-growing business markets in UAE.
Types of Businesses available in Dubai Market:
➲ LLC (Limited Liability Company)
➲ Joint venture
➲ Sole proprietorship
Among all these available forms of the business, Company form is quite popular because of the benefits related to this form of business much more than others.
This form of company is wholly owned by the person who set it up, there is no need for any local partner or agent for incorporation who will liable for managing the proposed venture in Dubai.
Free Zone Authority is responsible for regulating the activities of companies and issuing operating licenses within the free zone.
Benefits of These forms of the company:
This form of business is quite expensive as a comparison to other but this form of company is ideal for market entry in Dubai because it will give you a physical presence in UAE through office space and visas without the help of a local sponsor.
This is the most profitable entity in the whole Middle East region and is easy to get because it doesn’t have to comply with any special requirement or limitation regarding the owners/shareholders of the company.
For an offshore company, there is no capital specification, the capital can be of any amount divided into any denomination. All the share of offshore must be fully paid and no bearer shares or differential class of shares are allowed.
This is the most beneficial entity having multiple benefits with free zine registration. This form of the company enjoys huge tax relief and through this form, you can have a full time working office there. Onshore registration ensures the company’s resident status in Dubai and converts into a local company of Dubai.
Steps for Company Registration in Dubai:
Step 1 Decide the form of company
Step 2 Decide the who will be you sponsor or local partner (if needed)
Step 3 Decide the proposed name for the business and get it approved from the Department of Economic Development (DED)
Step 4 File the application in DED in standard form
Step 5 Prepare the tenancy contract with the owner of premises (Business need to have a local business address in Dubai)
Step 6 The final step for incorporating a company in Dubai is to submit the MOA and the License application at the Department of Economic Development (DED) along with the required legal documents and the tenancy contract.
All fees and charges are required to be paid at this stage. Once all fees and charges have been paid you should get a license after about a week of submission of all documents and making of the payment
Documents required for company registration:
All the documents need to be attested and notarized from the applicant's authority.
Corpzo will help you in registering your company in Dubai through simple steps:
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