I often get this question from my clients that how to start a business in Dubai as it is a long process with a lot of paperwork involved in it. Where the setup in some other countries are done just in an hours’ time. The irony is that this is something which is completely miss understood by an individual who is not completely aware of the legalities.
Dubai or UAE is emerging as one of the most flexible countries to live and lead a comfortable life. From the entrepreneurs point of view as well, the country turns to be the most economical and flexible choice for having the Business setup in Dubai. Most importantly, to have a right consultant is mandate to have a seamless process within the legal framework.
Procedure for Business setup in Dubai:
It is always important to understand the business plan and its activities from the perspective of the Economic department’s activity list. Selection of the activity is considered as the most important segment. Once the activity is finalized, we can get the name reservation done. There are set requirements for the name reservation as per the norms of the DED. Here in UAE, we have a choice of having an Arabic name or a foreign name nevertheless the Trade activity have to reflect the trade name choices.
Once the name and activity is finalized, it all starts with the initial approval from the DED where we finalize on the Partners and the managers of the company. The decision of the legal structure completely depends on the activity and the type of License opted. Currently with the Dubai economic department, the process is made even simpler that the same time when we receive the initial approval we can proceed with the agreement for the incorporation which is electronic.
For certain activities, it is required to have an external approval from other government authorities before we proceed further. Further there is a requirement of the space for the license to be registered which could be a co work space, business center, office, retail space or a warehouse depending on the activity of the client. For a normal license with not external approvals we can get the license issued on co work space also called as a sustainability center. If the above agreement or tenancy documents for the office is ready we can immediately submit the file for the final submission and get a voucher for the trade license issued. Once paid the License has been issued.
In case of external approvals, the paperwork for the external authorities is involved and the time frame varies from authority to authority depending on the activity as in some cases these are certain external parties also get involved in this process of getting approvals.
In short it is a myth that company formation in Dubai is a time taking and cumbersome. Under the right guidance and the legal approach to it, the Business Setup in Dubai can be done in a days’ time for a normal activity license with no external approvals.
We at Clever Corp-Business Setup Services in Dubai carry a solid experience and professional team for a decade now providing the company formation services. Discuss your business plan with our experts consultants for FREE and understand the right path of business setup in Dubai. Call us on +971-45-804048 or +971-58-641-2031 for more details. Reach us at [email protected]
For further information about Cost of Company Formation, Business Consultants in Dubai, Things to remember while setting up a Business in Dubai please go through the below mentioned blogs,
1. Cost of Company Formation in Dubai.
2. How would I Start my Business in Dubai.
3. Top 6 Things to remember while setting up a Business in Dubai.
4. Business Setup in Dubai is easier with right Business Consultants in Dubai.