22 August, 2023
Over the past few years, Dubai has grown enormously economically. The Emirate changed from its oil dependent economy to one that is powered by innovation, knowledge and business. Dubai is one of the preferred places for entrepreneurs thing to setting up a company in Dubai. This is due to the business friendly environment in Dubai and availability of free zones. The excellent location and open economy adds to this. Dubai has evolved into a key hub for business opportunities, trade and investment. Import, export, commerce, logistics, event management, tourism, financial services, hospitality, and construction are some activities that take place in the Emirate.
During company registration in Dubai, you have to follow some steps. These steps decide whether you will get the license or not since an error in any of the steps can cause rejection of the application. The steps are as follows-
The structure of your company will decide where it can operate and the types of activities it can uptake. There are Commercial companies, Civil companies and Free Zone entities.
They maybe of 3 types-
After you have figured out what type of entity you want to establish, find a name for it. The name should not mention any offensive or rude word and ensure that the name is not already taken. The name should also not have any abbreviations.
Decide where you want to do your business. Choose whether you want a Dubai free zone company setup, offshore or mainland setup. The area choices may differ depending on the activity you have decided to do. The area you choose decides where you can trade.
Obtain external approvals and approval from concerned authorities. If you want to establish a mainland company then you will need an approval from DED and if it is a freezone company then approval from local authorities will be required. Submit the documents and fill the form.
Open a bank account by selecting a bank that suits the best to your business needs.
You can follow the procedures and obtain the visa you require. The visa depends on a variety of factors including your profession and whether you are in the emirates while applying or not.The applications are processed within 3 to 5 days. But these are done only after approvals from the concerned authorities.
The United Arab Emirates now allows the people to apply for their company setup online. These services allow you to apply for license, NOCs and approval requests.This way you can manage everything at one convenient place.
In order to give every person with a company in Dubai the best chance for success, upholding the Emirate’s laws and regulations is a crucial aspect of the local authorities’ responsibility. Dubai therefore has a strong compliance structure to guarantee that the operations of all the concerned authorities adhere to national and international laws, rules.
Setting up a business in Dubai is a dream for many people. But due to the company setup procedures, many people make mistakes and have to repeat the entire process again. This can be cumbersome. This is where RadiantBiz steps in. We take care of each and every step of your business setup. We take care of the hard work so that you can take care of the more important and interesting parts of your business.
Our experts are experienced in their fields and have worked at some of the top organizations in their fields before joining us. Let us help you. Book and appointment with us today and get started now!