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Beyond Dawlish

rohitsingh02
rohitsingh02
23 Dec 2024 08:53

Starting a business in the UAE involves a structured process that ensures entrepreneurs comply with local laws and regulations. The first step in company formation is deciding on the business activity and legal structure. In the UAE, businesses can be set up as a mainland company, a free zone company, or an offshore company, each with its own set of rules and benefits. Once the business type is decided for company formation in UAE, the next step is to choose a suitable company name that adheres to the UAE’s naming conventions.

The following step is obtaining initial approval from the relevant authorities. For mainland businesses, this involves securing a trade license from the Department of Economic Development (DED). For free zone companies, the process is managed by the respective free zone authority. After approval, the next step is preparing the required documentation, including passports, proof of residence, and shareholder agreements, which must be submitted to the authorities.

Once the documents are approved, a local sponsor or agent may be needed for mainland companies, as foreigners are typically required to have a UAE national partner. After completing this step, the company can secure office space, apply for a business license, and complete the registration process. Finally, the company receives the trade license, allowing it to operate legally in the UAE.

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