Legal Requirements for Company Registration in Dubai, UAE
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.
Thankyou
Contact Us
+971-55 (554) 0853
info@themilestoneuae.com
www.themilestoneuae.com
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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Presentation Transcript
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.
Thankyou Contact Us +971-55 (554) 0853 info@themilestoneuae.com www.themilestoneuae.com
