Seamless Company Registration in Dubai Partnering for Success with Invest Royal
Pioneering Company Registration Alongside Invest Royal
Registering a Company in Dubai
1. Determine Business Activity and Legal Structure:
- Decide on the type of business activity you want to engage in (e.g., trading, manufacturing, services).
- Choose the appropriate legal structure for your business (e.g., LLC, sole proprietorship, partnership).
2. Choose a Business Name:
- Select a unique and appropriate name for your company.
- Ensure that the proposed name complies with the naming conventions and regulations set by the Department of Economic Development (DED).
3. Appoint Local Partners or Service Agents (if required):
Depending on your business activity and legal structure, you may need to have local partners or service agents. Local partners are required for certain business activities in mainland Dubai.
4. Draft a Memorandum of Association (MOA) and Local Service Agreement:
- Prepare the MOA, which outlines the company’s objectives, shareholding structure, and other important details.
- If you have local partners or service agents, draft the local service agreement in accordance with UAE laws.
5. Register with the Department of Economic Development (DED):
- Submit the necessary documents, including the MOA and local service agreement (if applicable), to the DED.
- Pay the required registration fees and obtain the initial approval.
6. Obtain Necessary Approvals and Permits:
- Depending on your business activity, you may need approvals from specific government departments or regulatory authorities.
- Obtain any additional permits or licenses required for your business activity.
7. Location and Lease Agreement:
- Secure a physical location for your business. You will need a valid lease agreement for this purpose.
- Ensure that the location is compliant with the zoning regulations.
8. Register for VAT:
If your company’s annual revenue exceeds the mandatory threshold, register for Value Added Tax (VAT) with the Federal Tax Authority (FTA).
9. Register Employees:
- Register your employees with the Ministry of Human Resources and Emiratisation (MOHRE).
- Comply with labor laws, including employment contracts and visa processing.
10. Open a Corporate Bank Account:
Open a bank account in Dubai for your company’s financial transactions.
9. Get a Trade License:
- After completing all the necessary steps and obtaining the required approvals, you can finally obtain your trade license.
10. Join Dubai Chamber of Commerce and Industry (DCCI):
Membership in the DCCI can provide various networking and support benefits.
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