Imagine that you owe a reputable brand in Dubai. All the recognition and significance belongs to you because you made a life-changing decision of starting your own company in Dubai.
Sounds like a dream….
Correct?
But, have you ever thought WHY Dubai is the center of attraction? Why is the best choice of many entrepreneurs?
- Ease of business setup
- Taxation free operations
- Unimaginable technological advancements
- Attractive geographical location
- State of the art infrastructure
- Innovative inventions
- Luxurious lifestyle
This list is never-ending because Dubai is one of the top cities of the 7 emirates. The top-notch infrastructure and global business significance brings it to the spotlight.
Marveling?
We are sure that after reading above mentioned points, you will be eager to know the procedure of company registration in Dubai 20222.
INITIAL STEPS:
ü Select a business activity:
Before applying for registration, you have to decide the business activities you want to perform. Your business activities will determine the type of license you should apply for such as Commercial Trade License, Professional License, Industrial Trade License or Tourism License.
ü Select the jurisdiction:
Decide on which jurisdiction you want to start in like mainland, free zone or offshore. Your selected jurisdiction will have a larger impact on your company operations and organizational hierarchy.
ü Finalize the company structure/legal form:
Determine the ownership and the location where your business will operate. Your company structure plays a vital role on the long term prosperity and the survival of your venture. Fill up the legal form provided by DED to move for further procedures.
ü Choose company name:
Decide the name of your business. Choose the unique yet recognizable brand name. The big names with unfamiliar meanings are often forgotten. The name that reflects the business activities plays a vital role in repeated customers.
ü Get approval for your company name and activity:
You will be required to get the approval from DED and other external bodies to proceed. Once you get the approval, you can apply for the trade license.
ü Apply for your trade license:
When all the prior formalities are done, you are required to apply for the trade license with all the legal requirements and the relevant documentations.
ü Register your company:
Get registered with all the details of your company along with the hierarchy and business category that you want your business setup in like public or private company, shareholding or joint venture company, etc.
ü Find a local agent (if required):
If you feel the requirement to get a local agent for professional help, do not hesitate. The obligation you delay for tomorrow can cause a big damage to your company reputation.
ü Start your business operations:
Once all the formalities are done, you can begin right away.
WHAT TYPE OF BUSINESS CAN YOU SETUP IN DUBAI?
Besides all the attractions of Dubai, your business plan and your professional skills are the destiny makers. Once you are clear about your goals, you can begin with any business idea such as travel and tourism, real estate, e-commerce solutions, pharmacy, manufacturing, textile or tech-oriented ideas. Lower taxes and excellent government facilitation are the blessing points to register a company in Dubai 2022.
ARE THERE ANY CATEGORIES OF BUSINESS SETUP IN DUBAI?
Yes, there are various categories of business setup in Dubai. Each category has its own terms and conditions from the perspective of capital investment, incorporation procedure, number of shareholders, stakeholders right, etc. Let’s enlist those categories:
- General Partnership Company
- Partnership-en-commendams
- Public Shareholding Company
- Private Shareholding Company
- Joint Venture Company
- Limited Liability Company
- Share Partnership Company