Business Setup and Business Advisory
Start your UAE Company today!
The United Arab Emirates (UAE) is a federation of 7 Emirates: Dubai, Abu Dhabi, Sharjah, and Ajman, Ras al-Khaimah, Fujairah and Umm al-Quwain. In the last few decades, the UAE has become a hub for international trade. Lifestyle, corporate structuring, and infrastructure have made the UAE a corporate business hub and meeting point of the north & west. The UAE is known for its progressive policies and business-friendly milieu. This coupled with the presence of over 50 free zones and a lucrative tax regime attracts extensive foreign investment every year. Why Set Up Your Business in UAE? UAE is a developed economy that offers a favorable business environment, world-class infrastructure, nifty amenities, flexible government norms, and efficient quality services to all incoming businesses, irrespective of their country of origin. Business setup in UAE is a futuristic and insightful business decision for the following reasons:- The UAE is a growing and diversified market with high global demand for imports and exports, and vast opportunities for suppliers
- The country bears a strategic geographic location in a resource-rich region
- The UAE has easy access and global connectivity with over 90 airlines and 170 shipping lines
- Above all, the commerce in the UAE is based on free trade barriers (no quotas or exchange controls)
- The country levies no tax on personal, capital or corporate income, and allows 100% repatriation of capital and profits
- The real estate and freight charges are competitive
- There are no currency restrictions on the exchange of money
- The energy supply is abundant and low-priced
- The populace in the country is educated and skilled, so the place is favorable from the standpoint of hiring workforce – not that there are any restrictions on hiring foreign nationals
- The transportation system throughout the UAE is well developed
- The infrastructural advancement in the UAE is no secret – its plush real estate, state-of-the-art telecommunication systems, and dependable power supply & other utilities are a fertile breeding ground for business entities
- There is top-notch accommodation for residential and office purposes, with cutting-edge venues for exhibitions and conferences
- The financial and services sector in the UAE is remarkably developed, especially suited to complement the business milieu in the region
- The nation has a cosmopolitan lifestyle with first-rate educational institutions, medical facilities, hotels, and shopping complexes
The process of Company Formation in UAE
Steps for Company Setup in UAE- Find a local sponsor to act as the service agent for your business in the UAE
- Decide upon the economic activity and, based on that, the legal form of your business
- Submit an application for company registration to the Department of Economic Development (DED) with a suggested company name
- Obtain a trade license by submitting the company’s documents to the DED or the Chamber of Commerce and Industry
- Get the company’s Memorandum of Association (MOA) notarized
- Register the trade name
- Apply for an Establishment Card
- Obtain the initial and special approvals
- Sign the MOA and lease agreement in front of a public notary
- Obtain location and inspection approval from the Municipality
- Get document processing done to get a payment voucher issued
- Pay the license fee to get a trade license issued
- For hiring employees, get an approval from the Name Board and Ministry of Labor
- Certified copy of tenancy contract
- Photocopies of visa, passport, No-Objection Certificate (NOC), residency certificates, land map or ownership certificate, national ID and family book
- Approval document from the Legal Affairs Department
- Approval documents from the Ministry of Economy and other government entities, if required
- License form
- Partnership contract certificate from a public notary
- Photocopies of Technical Evaluation Report
- Trade name certificate
- Stamped visa from the Immigration Department
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Behind Mitsubishi Showroom
Deira
P.O.Box : 120591 Dubai
United Arab Emirates