Easy steps to setup a company in United Arab Emirates (UAE)
Easy steps to setup a company in United Arab
Registering and setting up a new business in United Arab Emirates is very easy in comparison to the other Middle East and North African Countries. Here are numerous free zones with well developed infrastructure with facilities, no taxes, low import duties and takes no more than 8 days for the company registration process.
Nature of Business:
The nature of business determine what kind of license you require for the company setup in Dubai or any other emirates of United Arab Emirates. There are varied options including professional, commercial or industrial license you are going to start determines the exact timing however there are some business that need approval from the government bodies including jewellery, food and veterinary activities. The free zones based on every emirates of United Arab Emirates has their own formalities and procedures for the company setup and approval.
There are 2 options for the ownership, free zones license comes with 100% business and foreign ownership with specific activities on your license. In case you require local license the share portion will be 51% to the citizen of United Arab Emirates and 49% to the partner of foreign investors, the license is provided by Department of Economic Development (DED).
The company name should reflect the nature and activities of business as it should go through the legal procedure to get approval. To register a branch you can take the same name you have registered internationally or any other emirates of United Arab Emirates.
Memorandum of Understanding (MOU) will reflect the share capital, however it is not required to pay minimum capital of share during the company registration or setup specially in free zones.
After business plan and initial registration process in Mainland you need to rent a office location but in free zones you have varied options to rent a office including executive, sharing and flexi desks.
For further information and assistance on business setup in Dubai or any other emirates of United Arab Emirates you can call us on +97167441005 or send us an email on email@example.com