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Company Registration in United Arab Emirates
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Straightforward Company Formation in Dubai or UAE
“Complex” doesn’t exist in our dictionary. We always try to simplify your business setup process in any of the Gulf countries (UAE in this case), ensuring you don’t delay on bringing your dream startup to reality.
Why UAE in the first place?
Benefits of company establishment in UAE
Thinking about starting a business? One of the first things that comes to mind is where to set it up. The UAE is a great choice for many entrepreneurs, thanks to its supportive government policies, quick business setup process, and plenty of benefits.
Some key benefits of company formation in UAE includes :
- 100% Company ownership for foreign investors. (Applies to over 1000 activities like construction, agriculture etc)
- Foreign entrepreneurs can repatriate 100% of their foreign investments to the country where they hold citizenship.
- 100% Company ownership for foreign investors. (Applies to over 1000 activities like construction, agriculture etc)
- Foreign entrepreneurs can repatriate 100% of their foreign investments to the country where they hold citizenship.
- Stable political environment enables entrepreneurs and investors to assess risks and make long-term strategic decisions with confidence.
- Many ports and airports in UAE are connected to key global transport hubs allowing you to deliver goods from anywhere in the world.
- UAE received the highest score in the latest report by the Economist Intelligence Unit on Assessment of the Best Countries for Business.
- Lower inflation means more investments, ensuring economic stability, and provides greater financial opportunities for entrepreneurs.
- Zero tax for almost all of the 7 Emirates of UAE
- Easy Visa obtaining process
- Large sovereign wealth funds
- Healthy international relations
- Increased foreign direct investments (aka FDIs).
How to setup your business in UAE
Select a business activity
When selecting a business activity for your company, it’s essential to carefully assess the viability of the chosen activity in the market. This involves conducting thorough research to make an informed and prudent decision.
Select a jurisdiction
Remember that the UAE market is divided into Mainland, Free zones, and Offshore jurisdictions, each with its own set of laws and regulations. It’s important to select a location that aligns with your business needs and meets your corporate requirements.
Choosing a company structure
It’s important to keep in mind that selecting a legal structure for your company is a critical decision that sets the tone and framework for managing profits, losses, and resource organization. This decision should be made during the early stages of planning.
Approval for your company name and activity
Before initiating the company setup process in Dubai or anywhere in the UAE, it is imperative to obtain approval from the Department of Economic Development (DED) for your trade name, business activity, and legal structure.
Issue of a business license through the Department of Economic Development (DED)
There are majorly three types of business licenses – Professional licenses, Commercial licenses, and Industrial licenses. The license you choose would solely depend on the business activity you have selected.
Apply for additional government approvals (if required)
There may be some more approvals coming your way that need to be done, so be ready
Prepare essential documents such as MoA and AoA
Prepare and submit your Memorandum of Association and Articles of Association. Make sure to check if it’s an official approved to establish their legitimate and authorized status.
Submit relevant documents for approval
Submit all the required documents for approval, to keep your business on the good-eye of the government.
Make necessary payments
Pay the necessary cost for company registration in UAE
Register with Chamber of Commerce and Industry
Registering with the Chamber of Commerce is essential to establish your company successfully.
Collect business license
The last step is to collect your business license for your company. With all that said, your Company Registration in UAE is done!
Documents required to register a company in UAE
Title deed
Business plan
Letter of Intent
Board resolution
Power of Attorne
Details of the share capital
Articles of Association (AOA)
Memorandum of Association (MOA)
Passport-size photos of the manager / director
Signatures of the shareholders and appointed manager
Copy of the existing trade license / registration certificate.
Passport copies of the company's shareholders and manager.
Registry Identification Code Form (RIC) for the appointed manager.
Two years of audited financial reports / certificate of reference from a bank.
Types of business entities in UAE
- Limited Liability Company (LLC)
- Sole Proprietorship
- Civil Company
- Branch of a GCC Company
- Branch of a Local Company
- Holding Company
- Joint Stock Company (Private & Public)
- Representative Office Company
- Foreign Company Branch
Freezone Company Formation in UAE
Benefits:
- 100% control over business ownership and profit
- Offers ZERO corporate tax.
- 100% repatriation on profit
- No duties or customs on imports of goods
- Modern infrastructure
- Business-friendly environment to make the setup process easier
- Attractive enough to pull many investors, making it easier for great investment opportunities.
Mainland Company Formation in UAE
Benefits:
- 100% ownership of company for foreign investors
- Full access to the local market.
- No restrictions to trade.
- No restrictions on entrepreneurs that are Visa applicants.
- Duty-free import of machinery and other capital for the industrial purpose
- Exemption from maintaining financial audits
- Well-balanced Stock Exchange & Free trade
- Political Stability
Why choose GCCStartup for Company Formation in UAE?
Our expert team at GCCStartup provides support for every stage of your business, from analyzing opportunities to company formation and ongoing assistance in UAE. We offer extensive capabilities and management advisory services to businesses in various sectors
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What We Provide
Our services for company formation in UAE includes :
- Residency Visa Services
- Accounting & Bookkeeping
- VAT registration in UAE
- Corporate tax registration in UAE
- Corporate bank account opening with a trustworthy bank of your choice