17 Sep Procedures for establishing a company in Dubai
The procedures for establishing a company in Dubai is one of the profitable investment projects that investors from all countries of the world have turned to, thanks to the laws and regulations that characterize Dubai in terms of laws and regulations that support investors and provide all the privileges for a profitable investment process. The laws and regulations in the UAE provide for several necessary legal steps and procedures for establishing a company in Dubai .
In this article, we discuss the most important procedures for establishing a company in Dubai and the legal papers necessary to obtain a trade license in Dubai, along with many important points for foreign and local investors, such as establishing a company in Dubai through the Start Your Online Business platform within minutes.
Procedures for establishing a company in Dubai
- Determine the nature of economic activity
The first procedure for establishing a company in Dubai is to determine the nature of the economic activity in which the company will operate. Based on this, the rest of the necessary procedures for establishing the company are determined. There are several types of economic activities (commercial, industrial, service, tourism, agricultural, literal).
Since the economic activity is determined on the basis of the commercial license, it is possible that the same license includes more than one activity. Dubai city includes thousands of economic activities from which you can choose the most suitable for your company.
- Determine the legal form
The legal form of the company depends on the activity that was chosen before, and the legal form of the company is considered one of the most important steps in the procedures for establishing a company in Dubai, because it determines the laws and regulations on which the company will operate. The legal forms of companies vary as follows:
- Solidarity Company.
- Simple Recommendation Company.
- A limited liability company.
- Public contribution.
- private contribution.
- Commercial representative office.
- Civil works company.
- A branch of a local company.
- A branch of a Gulf company.
- A branch of a foreign company.
- Free Zone Company Branch.
- Individual Foundation.
- holding company.
- Trade name reservation
Each license has a trade name that distinguishes it from another license. Therefore, the trade name must be chosen in accordance with the terms and regulations stipulated by the Department of Economic Development in Dubai. It is possible to apply for a trade license through the website of the Department of Economic Development or the electronic application.
Below we learn about the conditions for choosing a trade name:
- It must express the nature of the company’s activity.
- It does not include inappropriate phrases and does not violate public taste.
- Not be registered with another company.
- The legal form of the company is briefly followed.
- It does not contain the word majesty.
- It does not include the name of a government agency or political slogan.
As soon as the company’s trade name is reserved, the responsible authority “Department of Economic Development” issues the payment authorization and the transaction number as a document to be used as a reference when paying.
- Obtaining the initial approval
Obtaining the initial approval is an essential step in the procedures for establishing a company in Dubai, because the establishment of the company first requires the approval of the concerned authorities in the country on the trade name, the nature of the activity, and the legal form of the company. It is approved in principle in order to complete the rest of the procedures and obtain the necessary commercial licenses to start work.
- Memorandum of Association and local service agent agreement
One of the procedures for establishing a company in Dubai is signing the Memorandum of Association and concluding a local service agent agreement. Agreements and contracts are documented in a Dubai court. This is according to the legal form of the company, if it is one of the following forms:
- Civil works company.
- One person company.
- A limited liability company.
- Simple recommendation company.
- Public joint stock company.
- Private joint stock company.
- Solidarity Company.
All company owners who are not Emirati citizens or non-GCC citizens require their work as a local Emirati service agent.
- The company’s workplace
Where will you work? One of the most important procedures for establishing a company in Dubai is to choose an actual workplace for the company to be established, in accordance with the laws and regulations. The company’s headquarters must comply with those laws and conditions stipulated by the Department of Economic Development. As follows:
- Providing a rental contract for the office (company’s headquarters) certified by the concerned authorities.
- Registering the lease contract through Ejari offices.
- additional approvals
Some economic activities require obtaining additional approvals from the authorities regulating those activities. Examples of these are the following:
- Ministry of Interior Affairs.
- Ministry of Justice.
- Municipality Department in Dubai.
- The Telecommunications Regulatory Authority.
- executive board.
- The Ministry of Economy.
- Dubai Health Authority.
- Supreme Petroleum Council.
- Obtaining a trade license
The last step in establishing a company in Dubai is to obtain a trade license, after paying the license fees, and then registering with the UAE Chamber of Commerce as a member.
Legal documents to obtain the license
- All company documents.
- Initial approval receipt.
- A copy of the rental contract authentication certificate.
- The Memorandum of Association certified by the responsible authority.
- Additional approval from government agencies concerned with the activity.
- Service agent appointment contract certified by the concerned authority.
Establishing a company through Basher services
One of the ways to support investment in Dubai, Establishing companies via the Internet is the “Business Service” provided by the UAE government so that investors of all nationalities can establish investment businesses within a few minutes and without the need to visit Dubai and waste time and money. All procedures for establishing a company in Dubai are completed with just one click.
The investor can obtain the appropriate commercial license for the nature of his activity within 15 minutes only through the “Basher” platform, which is an integrated electronic platform that is connected with the Department of Economic Development in Dubai in a safe and effective manner.
The “Basher” platform includes many services that are in the interest of investors, Examples of such electronic services are the following:
- Issuing and renewing the commercial license appropriate to the nature of the activity.
- Extracting the Chamber of Commerce membership number.
- The establishment card from the Federal Authority for Identity and Citizenship.
- The establishment number from the Ministry of Human Resources and Emiratisation.
- 3 work permits from the Ministry of Human Resources and Emiratisation.
How do we help establish companies in Dubai?
An investor thinking of establishing a company in Dubai and looking for assistance in the procedures for establishing a company in Dubai ? You are in the right place to take the first step to establishing your company in Dubai. We are one of the largest companies that provide investment services in Dubai and we provide all methods of support to our customers, because we are distinguished by the following:
- We have years of experience setting up companies in Dubai and free zones.
- We have a team trained in legal procedures and transactions with the competent authorities in Dubai.
- Specialized in extracting and renewing all commercial licenses for various activities.
- We are distinguished by quality and clearing all procedures in the fastest time and at the lowest costs.
- We provide offices, warehouses and warehouses for rent at the best prices in Dubai.
- Providing full support and problem solving 24/7.
- We provide legal advice through ACFA Legal Consultants in the field of investment in Dubai.
At the end of this article, we would like to have shed light on what you are looking for about the procedures for establishing a company in Dubai, which includes 8 basic steps that lead to obtaining a trade license. We got acquainted with the legal documents necessary for the procedures for establishing a company in Dubai, in addition to the method of establishing a company through the Basher online platform.
For more information about establishing your company in Dubai and to request assistance in obtaining commercial licenses and dealing with government agencies to complete all procedures and papers, contact our team now and book your consultation with us.
Contact us today and get a free consultation to implement all your business plans!