Dubai, located in UAE (Emirates), a nation situated within the Middle East the continent. 7 emirates are forming UAE, namely Abu Dhabi, Dubai, Ajman, Fujairah, Ras Al Khaimah, Sharjah, as well as Umm Al Quwain. The population of this nation majorly comprises the expats and this segment comprises 7.5+ million of the population in comparison to 1.4 million citizens of the country. The main reason why people are looking forward to investing in this nation is the flexible business environment with geo-political stability as well as macroeconomic conditions. Currently, UAE stands as 26th best place for conducting business activity.

Read Also This – Start a GYM or Fitness Centre in Dubai

Why is Dubai most sought after among investors?

Dubai is also standing among quite a lucrative place to register a company owing to its remarkable taxation system. It is an outstanding place for carrying out business activities being capital and quite desirable by the global investors for setting up business.

This place is a popular choice among many investors & who are seeking company registration in Dubai. Some of the major attractive features of this place include globalized infrastructure, strategically located, accessible as well as diversified market as well as reduced logistics & also operational costs. Also, this area comprises 25 of the FTZ (Free Trade Zones), thereby attracting foreign businesses for company registration in Dubai.

Different Categories of Companies Registration in Dubai

  • FTZ (Free Trade Zone) Companies

These types of businesses are being established within the FTZs. There is the existence of some specialized laws about taxation/ownership/custom. There can be setting up of the two types of corporations which include free zone establishment as well as the free zone company.

  • LLC (Limited Liability Company)

For setting up LLC in Dubai mainland, there is a requirement for two of the shareholders. And maximum of 50 can be incorporated within an LLC in Dubai. However, the contribution of the shareholder in LLC towards the share capital has its limits.

  • Onshore Establishment

Read Also This – Register My Company in UAE

The onshore company setup being managed solely by the directors from Dubai only be established here. There is the permission of 49% of the ownership and onshore company is established through the involvement of the agent/national sponsor. But there is a recent change in this regard and foreign business owner can now
hold 100% of the ownership within Dubai by forming an onshore establishment.

Offshore Company

The offshore business is established as well as operated externally to the jurisdiction of this nation. This serves as the wholly as well as foreign owned business, company registration in Dubai. But it can also have the setup in another foreign land. Entrepreneurs from other nations can have complete ownership of their offshore company in Dubai mainland.

Branch Office

There is also the possibility of setting up a branch office in Dubai. So foreign organization can have their branch office in Dubai and also at the FTZs all across the mainland. There is an extraordinary provision for all those businesses that are searching for ways to establish their presence in the local UAE market.

Free Zone/ Mainland Company setup in Dubai

While setting up a company in Dubai UAE, there is a choice of the free zone or mainland company. The Dubai mainland comprises several free zones that provide tax benefits for entrepreneurs as well as business owners. The free trade zone within Dubai mainland is under the Department of Economic Development with 100% foreign ownership. However, mainland firms must seek local sponsors.

What benefits Company Registration in Dubai provides?

  • Facilitates complete repatriation of capital as well as profitability
  • Flexibility in labor laws, facilitating affordable workforce recruitment
  • Personal/Income Taxation exempted
  • WorldClass Infrastructure
  • Underprovision of a few of the FTZs shared as well as virtual office facilities
  • Under FTZs, commercial company’s regulations are not applicable
  • Relaxation in import/export duties

What all documentation is needed for Company Registration Dubai?

Before starting company in UAE, applicants need to prepare certain specific documentation & submit the same. The documentation of the parent company situated in their home nation is submitted.

“Given below is the list of the documentation needed for business setup in Dubai:”

  • Incorporation certification within homeland.
  • Memorandum as well as article of association (parent company in homeland) Parent company’s financial accounting (audited) of past two years.
  • Power of attorney in favor of the company’s general manager.
  • Bank Guarantee (showing AED 50,000 amount). Renewal is needed during each.
  • every year, through the Ministry of Economy’s approval.
  • Service
  • Agent Agreement with citizens of UAE.

How to register Company in Dubai?

Here is how to register company in Dubai:

Decide business type

First of all, you are required to choose a business type and this will determine the nature of the licensing that you will be requiring. Ultimately, it is going to establish the crux of all your business operations.

Approval from concerned authorities

Getting initial approval pertains to no objection from the Government of UAE in operations of your organization. At the same time, it will also permit all the foreign investors to move a step ahead towards the further process of the company registration in Dubai.

Physical address

For business functioning in Dubai, your companies need to acquire a physical address in place. The website as well as the location of the company must adhere to the specific standards by concerned authorities.

Ejari Procedure

The Ejari process, which incorporates information about property, rental businesses name, details of the landlord, passport copy along with terms as well as conditions of the tenancy agreement.

Documentation Attestation

The attestation is the process of documentation verification done by the most competent authority. There is a handful of the administrative as well as the governmental bodies in UAE that possess the authority to authenticate documents.

Issuance of business licensing

Once the above steps have been completed, the investors will now be in the position to acquire licensing & acquire company registration in Dubai. This is done either through the economic department service center or through their official website.

Opening Of company’s bank account

Since, no business anywhere in the world can actually operate without holding a bank account and thus, there is a good number of credible banks in the Arab Emirates to choose from. Although the procedure of opening a bank account in the UAE is a bit lengthy & complicated, you can take the assistance of expert legal consultant who are knowledgeable, trained, and assist you in every possible way to open your bank account in a foreign land.

How Much Company Registration in Dubai costs?

The cost to register company in UAE is dependent upon several factors. The cost of company registration is straightforward with no hidden price involved.

The cost is split upon several factors which include documentation, attestation, business licensing, visa processing as well as immigration. For some of the specific business activities, there are additional approvals as well as the documentation clearance needed for concerned authorities.

The price of registering your company in this country is ranging between 17,000 to around 25000 AED. This is meant for civil corporation that has the virtual office along with inclusion of trade licensing for one year.