Best Business Set Up In UAE | Company Formation In Dubai - Part 2
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Better infrastructure and a business-friendly environment make Dubai the darling of investors.

What Do I Need for Company Formation in the UAE?

One of the leading business centers of the world, the UAE has steadily risen to the forefront with favorable government policies and significant foreign investment. The excellent infrastructure, global connectivity and geography make it an ideal choice for business owners. There is a wide range of thriving sectors where you may consider company formation depending on your resources, experience, background and preferences.

Business setup requirements

There are some important things you need to learn and arrange before launching a company of your own in the UAE. If it is your first time setting up a business in this region, it is best to consult professionals to ensure a smooth process. Wondering how can start a business in Dubai? Check out the top priorities according to experts.

Dubai Company Setup Company Formation

To-do list

After getting sponsorship, determine your company category that will be going on the legal paperwork. Your business will have to be registered at the Department of Economic Development under a proper title followed by obtaining an official trade license from the same department or the Chamber of Commerce and Industry. Once your Memorandum of Association has been notarized you may register the trade name and apply for an Establishment Card. Consult professionals to get authority approvals according to your needs. After the Memorandum of Association and lease agreement has been signed officially, you can move on to Municipality approvals. Your payment voucher will allow you to pay the fee for your trade license so get that first. Lastly, approach the Name Board and Ministry of Labour to get approval for hiring employees after company formation.

Local sponsor

The first step is finding a UAE national who is willing to act as your sponsor for this purpose unless you are investing one of the free zones. They must possess a family membership card and own at least 51% shares in your company. Your sponsor should be a resident of the UAE and may belong to one of three categories: corporate local sponsor, individual local sponsor or local service agent. Make sure there is no language barrier and get sponsorship agreement deed verified before signing it. If your sponsor happens to be a government employee it would give you an edge as a foreign investor in the UAE. It is essential that you discuss and mutually agree on the shareholder details during company formation.

Documentation

Unless your paperwork is in order, your dream of organizing the best business setup in UAE will have to be put on hold. Approval documents from the Legal Affairs Department, Ministry of Economy and relevant government authorities must be arranged on time through experts. Your tenancy contract should be signed by both parties and the Immigration Department needs to place a stamp on your visa. Moreover, keep photocopies of your technical evaluation report, identification documents, no-objection certificate, residency papers, ownership documents, visa papers and family book. Ensure that your business license form and trade name certificate has been arranged and that your partnership contract certificate has been notarized.

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Al Wasael provides a wide array of document clearing services in Dubai, United Arab Emirates. We are trustworthy and innovative, striving for excellence in everything we offer. We are committed to providing quality service. We make the best effort in helping our clients handle documentary transactions with government and non-government offices.  We ensure compliance with the laws and regulations of each authority we deal with. We respect our customers’ needs and meet their demands on time. You will be more than happy to associate with us as we not only provide superior service, but also ensure value for our clients’ money.

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