10 Feb UAE Company Registration
As an Indian business owner, you must have come across the thought of UAE company registration, thanks to a growing business hub. The clearly defined laws and appropriate support from the government help you establish your business in Emirates.
In addition, to become a legal entity in Dubai, you need to register your company. Several factors decide the registration process for your particular business. Your business type, location, licensing, etc., all account for your dream company’s legal registration in the UAE.
However, it can get confusing for a foreign investor to get around the process of UAE company registration. But, with the help of friendly business consults at Shuraa India, your job gets easier.
How to Register Your Business in the UAE?
Company registration in the UAE is straightforward when you have the right guidance and correct documents. Moreover, your business model and trade name should abide by the region’s jurisdiction.
Follow these steps to register your company in the UAE:
- Decide Business Type and Establishment Category
- Register a Legal Trade Name
- Finalize the Company Location
- Acquire a Legal Business License
- Visa Validation
- Final Documentation for Company Registration
Here’s a detailed explanation of these steps:
1. Decide Business Type and Establishment Category
Different laws regulate different business activities in the UAE. In addition, you need to have the utmost clarity for all your business activities because they’ll decide the license you acquire, the location you choose, and the jurisdiction that your business comes under. Furthermore, you need to select the legal form of your company.
In Dubai, you can establish a sole proprietorship company, LLC (Limited Liability Company), public/private shareholding company, general partnership, etc. Therefore, you should have a clear understanding of these legal structures before coming to a conclusion.
2. Register a Legal Trade Name
Choose a name for your company and make it official by applying to the Trademark Registration Office. Furthermore, the UAE government follows a no-compromise policy for trade names that inflict intellectual or sentimental harm in any form. Therefore, ensure that your trade name complies with the defined criteria.
3. Finalize the Company Location
You need to decide the business location in the UAE that best suits your business activities. For example, if you plan to establish a trading company, you should pick a site that has convenient access to the airport and harbor.
If it’s a financial firm, DIFC (Dubai International Financial Centre) is the optimum location as it’s the largest financial free trade zone in the Middle East.
Dubai mainland and free zones– all have independent jurisdiction and business policies. Therefore, your company’s nature and target audience have a critical role in deciding the perfect business location to register your company in the UAE.
4. Acquire a Legal Business License
The prerequisites and permits of trade licenses required to incorporate a company in the UAE vary based on company type. Moreover, it implies that some categories of companies, such as financial services, health services, printing and publishing, and food trade, need more approvals and agreements than a regular trading company.
You can apply for the following license types in the UAE:
- Commercial License
- Professional License
- Industrial License
- Tourism License
5. Visa Validation
Ensure that your visa is valid and up to date. Furthermore, there’s an investor visa/employee visa for company formation in Dubai. The investor visa gives investors a temporary residency for a maximum term of three years.
Therefore, it’s the best choice for Indian investors who want to register a company in the UAE. Visa procurement generally takes 4-5 business days. However, sometimes it takes up to 15 days to complete.
6. Final Documentation for Company Registration
There’s a long list of documents that you need to submit for successful UAE company registration. It includes necessary paperwork for the branch office, registration process, and visa application. Furthermore, after acquiring a visa, the next phase is to get all the documents stacked for the branch office and final registration.
Moreover, you need to sign a Memorandum of Association based on your company’s legal form. The memorandum is required for corporate or local service agents as it’s a legal obligation for specific business types in Dubai. In addition, the last stage of registration is at the Dubai Chamber of Commerce and Industry.
What’s the Cost of Business Registration in the UAE?
Many factors influence the UAE company registration cost. Your business activities, license type, location, and other factors are among them. Note that you can secure a trading license for as little as AED 10,000-12,000.
Hence, anything between AED 25,000 and AED 30,000 is considered a standard estimate for a complete setup. Furthermore, it’s vital to remember that if you require special privileges, the cost of UAE company registration will increase.
For instance, protocols like a foreign trading name or a local body approval add to the overall cost. However, you can connect with Shuraa India’s business experts, and we’ll ensure you don’t overpay at any time during the company registration procedure in the Emirates.
What are the Benefits of UAE Company Registration?
- When you register your business in the UAE, you don’t have to pay any personal or corporate taxes. Furthermore, Indian investors and other expats can repatriate their income and capital gains in full.
- The most recent modifications to the Companies Law have given foreign business entrepreneurs the ability to own 100% of their company. Therefore, you’re the ruler of your commercial empire, whether it’s on the mainland or in one of the free zones.
- The finest aspect of starting a company in the UAE is a large number of potential clients. In the United Arab Emirates, there are numerous enterprises in operation. As a result, if you provide excellent products and services, you’ll never run out of clients.
What Paperwork Goes Into UAE Company Registration
- Photographs (passport size) of the company registration applicant
- Passport copies of all the legal participants for verification
- A copy of the LSA’s/local sponsor’s Emirati ID
- Tourist visa of the company registration applicant
- External approvals (if applicable)
Register Your Company in the UAE!
Several technical and administrative procedures are part of a company’s registration journey. When you connect with Shuraa India, we’ll do all the heavy lifting for you to ensure smooth company registration in the UAE.
Our business consultants will help you secure the right license at the right price. Furthermore, we’ll prepare all the documents for you and work hand-in-hand for the successful establishment of your company.