The UAE is the largest country having maximum opportunities to allow foreign business people to set up different company forms. This has extended its possibilities to ensure that there consents growth. A lot of business people want to start company in Dubai. Hence if you are also interested to set up your business or company in the UAE and want to make it easy then you need to contact Start Any Business consultants who will provide you complete guidance on the process of registering a company here. In this post, we present a few vital factors that you need to understand.
Register a company in UAE permits business people to experience the plenty benefits of business given by the UAE. This is become a favorite option among foreign business people to register a company in the UAE because of the 100% ownership, tax saving, ease of doing, and increasing business possibilities. Investors can choose from a broad range of company registration choices available in the sector.
The Process of Register a Company in UAE in 2021
The procedure for company registration in Dubai is straightforward and easy. You can start with the business setup consultants as they understand the market requirements in a good manner.
Choose the Trade Name for Your Business
To start a company in the UAE you need to choose a trading name for your business. You need to make research about the name you selected for your company is not already exist. You will have to present the name of your company and submit your application for registration to the Department of Economic Development.
Choose a Business Activity
The important phase for your business establishment in the UAE is you will have to decide the select the business activity that you want to carry. There are some limitations of the business activities. You need to choose from the list mentioned by the government of the UAE. Your business license is depended on your chosen business activity.
Choose the Right Jurisdiction
The United Arab Emirates has three main jurisdictions are – Free zone, Mainland, and Offshore. Based on the kind of business, nature of your business, and the business activity you have chosen. Every jurisdiction has its rules and regulations. if you are unable to understand then you need to appoint the best business setup consultants in Dubai who will help you to decide the most suitable for your according to your business.
Applying for Your Business License
Next, you will have to get a business license to run your business in the UAE. Applying for a business license is a very crucial task and is not very difficult you just require to prepare complete documentation. If you select a free zone to start your company then you need to submit your license application to the concerned governmental authority. On the other hand, if you choose the mainland to register your company then you need to submit your license application to the Department of Economic Development.
Open a Bank Account
To register a company in the UAE, you will have to open a bank account to handle your company’s transactions. Opening a bank account is not a difficult task. You will have to prepare the right and valid documents which are needed like, a form of account opening, business license, company registration certificate and more.
Legal Structure
The United Arab Emirates has a robust legal framework and strict rules and regulations for crimes and omissions. Hence, prior to registering a company or business in the UAE, you need to ensure that you are aware in a good manner about the business ethically and are always in adherence to the law of the UAE.
Documents Required for Register a Company in UAE in 2021
The necessary documents that you need to prepare are given below:
Business plan
Application form of business
Memorandum of Association and Article of Association
Valid passport of the managers of the company
Passport of the sponsor
No Objection certificate from the local sponsor
Bank reference letter for each shareholder
If you looking to register a company in the UAE and are unable to do it yourself then the best way to deal with this problem is to consult with the Start Any Business professionals who will suggest you right path and provide you the best business setup services and make it easy, reliable and successful in a short possible time.