Company Setup in Dubai – A step by step guide

Company Setup in Dubai – A step by step guide
Once all the legal paperwork is sorted, it shouldn’t take over a week or so for the
company to be set up in Dubai. Here are some of the aspects you need to consider
when it comes to starting legal formalities.
Nature of Business
The type of license required varies as per the nature of the business. Whether you are
looking for an industrial, commercial, or professional license, it is up to your business
operations. Keep in mind that some activities need further approval from the
government like jewelry trade, food trade, legal consultancy, and veterinary care. Over
2100 activities have been listed by the Department of Economic Development (DED).
Contact the DED if your type of business is not listed. The approval formalities and
regulations vary from free zones.
Ownership
If you want full ownership of a company as a foreign national, you need a license and
address in one of several free zones in Dubai. Each free zone serves different activities.
UAE has over 45 free zones for different operations. So, you will be spoilt for choices.
You need a license from DED if you have to operate locally and you need a local license.
There are different restrictions on DED license on ownership share for foreign nationals
on the basis of various legalities.
Legality
According to the type and location of the business, there are certain rules. Suppose you
are setting up a law firm, you can set it up as a stand-alone firm or as a branch. You
cannot launch your business as a sole proprietorship. There are different restrictions in
each free zone about the structure of the company.
Premises
After preparing your legal forms and procedures, it is always wise to choose some
offices with some details like costs. You can have a clear way ahead after completing all

the legal formalities. You will seek help to find the best-suited premises to your needs
with support to set up the internet, electricity, water, and other facilities.

Comments

Post a Comment

Popular posts from this blog

What Not to Do for Business set up in Dubai?

Image
  What Not to Do for Business set up in Dubai? There have been plenty of opportunities out of the existing market for foreign investors to make the most of increasing tourist traffic in the city and enter into the import/export of products. It has been creating a lot of opportunities to grab a lot of potential customers and clients. But there are some things you sh ould avoid doing for business set up in Dubai. 1. Don’t set up your business in any free zone without considering the pre- conditions and available sizes It goes without saying that there are plenty of offices available in a free zone. But availability keeps changing in the real world. Usually a startup wants a cheaper option. So, there are chances that you may find only specific sizes when you really go for company registration. Only one visa is allowed for some offices for investors, not employees. 2. Don’t base your plans on published details Confirm the validity of information published before finalizing the plans to...
Read more

What to Consider for Business Setup in Dubai?

Image
What to Consider for Business Setup in Dubai? The “City of Gold” Dubai is the commercial capital of UAE which offers a lot of opportunities to set up a business with unique commercial modules for companies from different parts of the world. Investor-friendly government and global exposure are two of the most important factors which help in business setup in Dubai. Startups also enjoy more tax benefits and investment perks than any other part of the world. Despite the approachable processes, it is not easy for a new entity to grasp the procedure to launch a business. You should decide business activity in advance – There are some limitations when setting up a business in Dubai. You cannot start just any business in Dubai. You should figure out whether it fits in according to standards. Choose the right jurisdiction – Jurisdictions are segregated in Dubai in the form of zones to improve the productivity and competence of businesses. There are offshore, free zones, and mainland availab...
Read more

Intellectual Property in the UAE

Image
Intellectual Property in the UAE You have selected the business activity and after looking at the various options for establishing your business you select the DMCC free zone. The DMCC will assist for further procedure, but one thing they cannot help you with is the protection of your intellectual property rights. Intellectual Property is the must for large or small business. Intellectual property refers to creations of property that includes intangible creations of the human intellect. Intellectual property law provides exclusive rights to a person for the creation of an idea and also protects from unauthorized use of this idea by others. The Ministry of Economy is authorised for registering and protecting intellectual property in the UAE. The basic aim of Intellectual Property law is to benefit the creators of intellectual property, there are four main categories of Intellectual property: ● Copyright: Art, literary works and music, Federal Law No. 7 of 2002 on Copyrights and Rel...
Read more