Legal Requirements for Company Registration in Dubai, UAE

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Learn the essential legal requirements for company registration in Dubai, UAE. From choosing a business structure to obtaining necessary licenses, our comprehensive guide simplifies the process for entrepreneurs.

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Uploaded on Jun 10, 2024 | 3 Views

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Legal Requirements for Company Registration in Dubai, UAE

An Overview Dubai, a global business hub, offers numerous opportunities for entrepreneurs looking to establish their companies. However, understanding the legal requirements for company registration in Dubai, UAE is crucial to ensure a smooth setup process. MPMS is a top business consultancy with a business setup specialist in Dubai to ensure a smooth and compliant company registration process. With proper planning and adherence to legal requirements, you'll be well on your way to establishing a thriving business in Dubai.

Determine Business Activity The first step in the registration process is to define the nature of your business activity. The Department of Economic Development (DED) in Dubai divides commercial activity into different categories. The type of business activity will influence the type of license you need.

Choose a Business Structure Dubai offers several business structures, including Limited Liability Company (LLC), Free Zone Company, and Branch Office. Every structure has advantages and legal requirements of its own. For instance, an LLC requires a local sponsor who holds 51% of the shares, while Free Zone companies can be wholly owned by foreign investors.

Select a Trade Name Choosing an appropriate trade name is essential. The name must comply with Dubai s naming conventions, avoiding any offensive language or references to religious or political organizations. The trade name needs to be original and unregistered.

Obtain Initial Approval Before proceeding with the registration, initial approval from the DED is necessary. This approval shows that your commercial activity is not opposed by the government. You will need to submit your business plan and other required documents.

Draft and Notarize MOA For most business structures, including LLCs, drafting a Memorandum of Association (MOA) is mandatory. The MOA outlines the ownership and management structure of the company. A public notary in Dubai must notarize this document.

Lease Office Space A physical address is required for company registration. You must lease office space and provide the tenancy contract as part of the documentation. Free Zone companies can use Flexi-desk options provided by the Free Zone authority.

Obtain Licenses Getting the required licenses is the last stage. This could be a commercial, professional, or industrial license, depending on the nature of your business. Additional approvals from other regulatory bodies may be required for specific activities.