What are the requirements to setup company in Dubai?
Most of the foreign investors prefer to open a company in Dubai in one of the free zones as these offer an easy procedure and require a few documents. Here are the main steps to follow:
choose the type of legal entity – there are two types: Free Zone Limited Liability Company or Free Zone Company and Free Zone Establishment;
choose a business name for your company and verify its unicity and conditions imposed by the free zone authority;
apply for a trade license with the local authorities, depending on the primary activity of your business;
find a space for your office (we can help with a virtual office); you can buy or rent it;
register your company and obtain the license.
There are various capital requirements that differ from a free zone to another. For instance, you will need AED 150,000 to open a firm in KIZAD, AED 1000 for an LLC in Dubai Airport Free Zone and AED 50,000 in DMCC. Each free zone has an authority that controls the business activities performed there. It is advised to get in touch with the respective authority before you open a company in Dubai in order to find out the permitted activities in each free zone and the procedure for company formation. Usually, you can operate businesses in different areas in the free zones: finance, education, retail, hospitality, etc.
The Commercial Law does not need Dubai LLC companies to store a minimum share capital before registration, therefore the shareholders will decide the amount they want to help them reach their goals. For joint stock companies, there are various share capital requirements depending on the business they will undertake:
– public companies will need a minimum share capital of 10 million AED,
– insurance and investment companies will need a least share capital of 25 million AED,
– financial institutions need a minimum share capital of 40 million AED.
The Dubai Chamber of Commerce and Industry (DCCI) announces the following kinds of business licenses:
– commercial or trade licenses,
– industrial licenses,
– professional licenses.
Our company formation agents in Dubai will help foreign entrepreneurs with business license applications.
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At Arab Business Consultant, we boast of years of experience that has helped us obtain detailed knowledge about the local market. Owing to the experience, expertise, and knowledge of our team, we have provided extensive guidance to multinational businesses and foreign investors in terms of initiating their new business set up in Dubai. From start to the end, you can rest assured that we will continue to offer valuable information and guidance all through the process. From applying for your trade license, to register an offshore company in Dubai and visa solutions for your employees, the one thing that you can be assured of is that we’ve got you covered.
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If you wish to maximize your resources and assets, then Arab Business Consultant is the place to be for you. With a dedicated team of PRO specialists and consultants, we go the extra mile to ensure that that are deadlines are met, and the costs involved are kept to a minimum. Neither matter your requirements, whether you are interested in a free zone company formation in Dubai, or wish to establish an LLC company, we guarantee to offer extensive help with every single aspect of getting your business up and running.
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