A Complete Guide to Registering Company in UAE with Dubai Business Service
- November 25, 2024
- Posted by: fatma zahra
- Categories: Business Services, Business Setup, Business Setup in UAE, Company Registration
Registering Company in UAE and Dubai’s thriving business environment have long captured the attention of entrepreneurs globally. The emirate offers a highly appealing tax framework—0% on both personal and corporate income—and is strategically positioned for international trade, making it an ideal hub for business.
The UAE supports business growth through numerous initiatives and simplified regulations, contributing to its top rankings in the World Bank’s Doing Business Index. Establishing a business in Dubai is straightforward and can be completed in six key steps, drawing in entrepreneurs eager to access this dynamic market.
How to Registering Company in UAE
Step 1: Select Your Business Activity for Registering Company in UAE
The first step when registering a company in the UAE is identifying your business activity. The Dubai Department of Economic Development (DED) permits over 2,000 activities across various sectors, giving you multiple choices. Specifying all planned activities accurately is essential, as you can often include multiple activities under one license, depending on the license type.
Dubai Business Service can provide guidance on selecting the best activities for your company, streamlining this process.
Step 2: Choose Your Business Setup for Registering Company in UAE
In this stage, determine the type of business license you need. For instance, a professional services license is required for services-based businesses, while an industrial license is necessary for manufacturing activities.
Next, decide between establishing your business on the Dubai mainland or within one of the many free zones. Both have unique benefits: setting up on the mainland allows direct access to the local UAE market and government contracts, while free zones offer 0% tax, full customs exemptions, and the ability to repatriate 100% of your capital and profit.
Step 3: Select a Business Name for Registering Company in UAE
Naming your business in Dubai is straightforward but comes with specific guidelines. The UAE has strict naming conventions—business names should not include any blasphemous or offensive terms nor any references to Allah or Islam. It must be your full name if you intend to include a personal name.
Ensuring your chosen name is available and meets UAE requirements is essential. Dubai Business Service can assist with verifying and registering your preferred business name.
Step 4: Submit Your Application for Registering Company in UAE
Once you have chosen your business type and name, it’s time to apply for your business license. The process varies depending on whether you’re in a free zone or on the mainland. Free zone registrations are typically completed by applying with supporting documentation to the chosen free zone authority. In contrast, mainland applications are processed by the DED.
Since application requirements differ based on business type, scale, and sometimes nationality, partnering with Dubai Business Service can simplify this step. They handle document submission, coordinate with authorities, and ensure compliance with UAE regulations.
Step 5: Apply for Visas for Registering Company in UAE
With your business license secured, you can apply for necessary visas, including your own, employee visas, and visas for dependents if required. The number of visas granted often depends on your business size and setup location. Obtaining dependent visas is a straightforward process if eligibility criteria are met.
Step 6: Open a Corporate Bank Account for Registering Company in UAE
Setting up a bank account as a foreign entrepreneur in the UAE can be challenging due to varying criteria across local and international banks. Dubai Business Service can guide you through selecting a bank that fits your needs and arrange introductory meetings to streamline account opening.
Benefits of Partnering with Dubai Business Service for Registering Company in UAE
Setting up a business in Dubai is affordable, with costs varying based on business type and size. However, even with a simplified registration process, working with an expert can help prevent delays or errors that might arise from unfamiliarity with UAE regulations.
Dubai Business Service simplifies the process by managing license and visa applications, liaising with relevant authorities, and ensuring all legal requirements are met. With Dubai Business Service, you provide only basic documents and details about your business; they handle the rest, allowing you to focus on your business goals.
Starting a company in the UAE has never been more accessible. Registering a company in Dubai through Dubai Business Service is efficient and straightforward. It sets you on the path to success.