Steps to Successfully company formation in Dubai

Keys of company formation in Dubai, Entrepreneurs have to take several steps to ensure a successful start-up process:

• In the first step, identify the right specific economic sectors, the relevant legal and financial requirements depend on the chosen activity and the location
• Choosing the legal form of the company. the rules and regulations apply to the various legal forms
• Registration of the trade name
• compliance with the registration application to the Department of Economic Development
• Communication of the deed of incorporation (MOA)
• Receipt of the trade license and submission of the necessary documents to the Chamber of Commerce
• Pay the stated fees and get the payment receipts
• Obtain the approval of the municipality for the seat of the branch office and carry out the tour of the branch office
• Obtaining the company card for the immigration and labor departments.
• In the case of Mainland Company, investors may be asked to find a local pay for as a service manager or a restricted partner as a 55% majority shareholder. It depends on the company’s movement.

Offshore

• Offshore companies are best suited for international companies operating outside of Dubai. They act as holding companies or international trading channels. Offshore companies are an attractive option for company formation in Dubai because of:
• 100% foreign participation
• One of the most important cost-saving structures for starting an international business
• No physical space or visa requirements
• Account setup process flexible bank that allows multiple currency exchanges.

Required documents

• A certified copy of the rental agreement or jari for the office rental agreement
• Approval documents from the Legal Department, Department of Commerce, and other government agencies if the company is engaged in an activity that requires approval from a government agency
• Trade name reservation, initial permit, and business license application form
• Notary Association Agreement or MOA
• High-resolution color copies of shareholder/partner passports ( as well as residence visas and Emirates ID, if applicable)
• Corporate constitution documents for corporate shareholders: these must be certified, certified and notarized, and stamped with MOFA and MOJ if they come from a foreign jurisdiction
• Certificate of No Objection (NOC), map or certificates of ownership as well any technical assessment reports, if required for specific activities and locations.
• Trade Name Licensing Authority and Office Inspection

Paul Watson