Company Registration in Dubai and UAE
Company Registration in Dubai and UAE
Our company registration in Dubai is tailor-made to suite the unique needs of each business or office set-up. UAE being the center point of world commerce offers a host of advantages like low or no taxes, technology advanced community, free trade zones, strict levels of confidentiality and rapid development making it a fantastic choice for doing business; Morrisman takes care of your Company registration, documentation, licenses, registrations and legal processes making it time and cost-saving, leaving you to focus on your core business.
There is no denying in saying that Dubai is one of the biggest ever-growing economic hubs of the Middle East. Dubai provides business owners with a highly lucrative environment to experience valuable benefits due to 100% foreign ownership, up-scaled business infrastructure, high-class lifestyle, and greater business opportunities after company registration in Dubai is done successfully with the right business advisors.
However, registering a company in Dubai can get tedious. Especially for starters, starting up a new business can be a daunting process without the proper knowledge and research of company registration in Dubai. The government of Dubai has instilled strict measures to qualify for company registration. But with proper guidance and understanding of legal terms and facts, your company in Dubai can foster.
Steps for Company Registration
1. Choose your license type:
To start a business in Dubai, the investor must first select the type of license (trade, industrial, and/or professional) for the Dubai mainland.
2. Select your business activity:
The investor has to choose a business activity like trading, service, restaurant, etc.
3. Choose your legal structure:
After choosing a suitable activity, the investor needs to select the proper legal structure, i.e., sole establishment, Civil partnership, Limited liability Company (LLC).
4. Get your Local agent:
Choose a local UAE national either as a local agent or sponsor for the company. Only required for a professional business.
4. Register the trade name of the business.
Submit the company registration application and the proposed company name to the Department of Economic Development (DED) for initial approval. Notarize the company’s Memorandum of Association either in notary public or at Department of economic development (E notary).
5. Select your office location (Physical or Virtual):
Choose your office location and get a lease agreement. There are multiple options available like share desk, virtual office, flexi-desk office, shared office, and standard office. The government also provides an instant business license. The investor can take up an office only from the second year onwards and does not need an office space in the first year.
6. Get your company documents:
File company documents with the Department for Economic Development (DED) and obtain trade license and the Chamber of Commerce and Industry. Make the company stamp.
7. Get your visa issuance:
Register a company license in the immigration department. Issue a partner or Investor visa for the owner of the company. Register a company license in the Ministry Of Human Resource And Emiratization (MOHRE). Apply for the employee visa under the company.
The Cost of Company Registration in Dubai
Due to low logistics and operational costs in Dubai, any business registration is not expensive at all. For any foreign/offshore company, no minimum capital is required. However, the cost of company registration in Dubai is AED 10,000 (USD 2,700).
Dubai company registration cost varies as per your choice of business. Services License Fee, Trading License Fee, and General Trading License Fee are the three major categories for LLC company registration.
For Services License Fee, sole establishment costs AED 19,474, and Civil Company costs AED 17,474. Dubai LLC company registration costs AED 24,683 for Trading License & AED 42,895 for opening a branch of a foreign company.
Table of Company Registration Costs in Dubai
| Type of company to register | Registration cost in Dubai |
| sole establishment Registration | 19 474 AED |
| Civil Company Registration | 17 474 AED |
| LLC company registration | 24 683 AED |
| Branch Office in Dubai | 42 895 AED |
Documents Required For Company Registration in Dubai
Following are the documents required during business registration in Dubai:
- Application form
- Passport Copy
- 2 Photographs (white background)
- NOC if already in UAE residency visa
- Tenancy Contract Copy
- Location Map
- Designation Details: Higher Designation Requires Degree Certificate (Attested)
How Morrisman can help you form and register your company?
Morrisman will help you with effective advisory and consultancy solutions for company registration in Dubai. We will help you figure out and understand what corporate structure best suits your current and future plans.
Our experts will draft all your documents, assemble files, manage your submissions, and handle legislation. Simply, we will take care of all your tedious tasks and let you focus on other important tasks at hand. Whether it’s internal/external audit services, sponsorship services, VISA services, or trademark registration in Dubai, we cater to all your business’s needs.
We strive to deliver the best support to you so you can set up the perfect business in Dubai at the right time that eases your business growth.
For all custom-tailored solutions that fit best to all your needs, implement Avyanco’s advice and execute the perfect opportunity for your company registration in Dubai.
Why Company Registration in Dubai?
Dubai is strategically located and has already made its mark as a global hub for trade. It is also one of the easiest places to conduct business with minimal red tape. It has a robust infrastructure that supports setting up and running a business. Moreover, companies in Dubai are not subject to corporate tax, Income Tax, capital gains tax, or withholding tax.
How can I form an LLC company in Dubai?
The following steps can guide you in forming an LLC company in Dubai: ● Select a local sponsor for the company ● Select the right business activity and legal structure of the company ● Reserve a trade name of an LLC company ● Get pre-approval (Initial approval) from the relevant authority ● Sign the memorandum of the company either in Notary public or DED E notary ● Prepare the lease agreement of the office ● Submit the documents to the Department of Economic development ● Pay for your company license
What is the minimum capital to form an LLC company in Dubai?
AED 100,000/- (USD 27,322/-) is the minimum capital requirement for business setup in Dubai as the company’s authorized share capital. However, this share capital does not require depositing in the bank. The investor needs to pay only setup costs, issuing license, office rent, and visa cost. To get Avyanco’s offer for company registration in Dubai, visit www.avyanco.com
Can foreign nationals get 100% ownership of a business in Dubai?
Yes, they can. Suppose the nature of the business is providing services in the UAE. In that case, a foreign national can get 100% ownership of the business. However, they must appoint a UAE national as an agent of the company. According to the new FDI guidelines, the UAE government allows 100% ownership for foreign nationals in certain business activities in the manufacturing and agriculture sectors. Earlier, only a maximum of 49% ownership was allowed to foreign nationals.
If I set up a company in Dubai and get a residence permit, can I travel to other Emirates freely?
Yes, you can. A residence visa for foreigners is issued by the UAE government. So, they can travel to any of the emirates in the UAE. After company registration in Dubai and you residence visa is out you are always free to visit and travel every where in UAE.
How much time is required to set up a business in Dubai?
Company formation in the free zones will take around 1-5 days. In contrast, an offshore company can be established in 48 hours if the proper documentation and resources are presented. Mainland company registration, business license, as well as registration, depends on the necessary paperwork and documentation requirements. However, these licenses also can be obtained in a day or two. We at Avyanco make it easy for the investor to start their business in Dubai.
What is the cost of setting up a business in Dubai?
The cost for setting up a company in Dubai depends on the business location, the number of visas required, and the size of the office. A minimum amount of AED 8050/-* will be needed to set up a free zone company in UAE free zone. The cost for the owner’s visa, registration in immigration, and getting an establishment card is additional. A minimum amount of AED 14,999/-* is needed to set up a mainland company for a professional business license. There will also be visa costs for the owner, registration in immigration, and an establishment card. The minimum registration fee for setting up an offshore company is AED 9000/-*.
Can a company established in Dubai operate in other Emirates?
No, a local branch of the Dubai company must be established in another emirate where the company plans to operate. Which means that only company registration in Dubai does not give you the permission to operate in other Emirates unless you open branches in those Emirates.
Do I require a physical office for registering a company
A registered address is a mandatory requirement to open a bank account for the new company. Until recently, DED mandated a permanent office of a minimum of 200sqft to issue its license it is mandatory. However, in keeping with the different developments to attract investors, Department of Economic Development has started issuing Licenses without office space. Instead of getting a permanent office space, you can get an Estidama/Sustainability Contract like a virtual office. You get a Lease Agreement for the company, enabling you to get up to 4 employment visas. Free zones offer Shared or Hot Desks for those looking to minimize their office expenses and apply for 1-2 visas.
Can a foreign trading company open its branch in the UAE?
No, Foreign trading companies cannot open a branch with the same activity mentioned in the parent company however the foreign company can have a Representative office in Dubai to expand its business in Dubai and provide support to its client in the country.