What is the process of Company Registration in Dubai?

Answer 1

Registering a company in Dubai involves several steps, which I'll outline below:

Pre-Registration Steps

1. Choose a business activity: Select the type of business activity you want to conduct in Dubai.

2. Select a company name: Choose a unique name for your company, ensuring it complies with UAE naming conventions.

3. Determine the company structure: Decide on the company's legal structure, such as a Limited Liability Company (LLC), Free Zone Company, or Branch Office.

4. Obtain initial approval: Get initial approval from the relevant authorities, such as the Department of Economic Development (DED) or the relevant Free Zone Authority.

Registration Steps

1. Register with the DED or Free Zone Authority: Submit the required documents and pay the registration fees.

2. Obtain a trade license: Get a trade license from the DED or Free Zone Authority, which outlines the company's business activities.

3. Register with the Chamber of Commerce: Register with the Dubai Chamber of Commerce and Industry.

4. Obtain a tax registration number: Register for taxes with the Federal Tax Authority (FTA) and obtain a tax registration number (TRN).

5. Open a corporate bank account: Open a corporate bank account in Dubai to facilitate business transactions.

Post-Registration Steps

1. Obtain any additional licenses: Get any additional licenses or permits required for specific business activities.

2. Register employees with the UAE authorities: Register employees with the UAE authorities, such as the Ministry of Human Resources and Emiratization.

3. Comply with UAE labor laws: Ensure compliance with UAE labor laws and regulations.

4. Maintain company records: Maintain accurate and up-to-date company records, including financial statements and shareholder information.

Required Documents

1. Passport copy: A copy of the shareholder's and director's passports.

2. Proof of address: Proof of address for the shareholder and director.

3. Business plan: A detailed business plan outlining the company's objectives and activities.

4. Memorandum and Articles of Association: The company's Memorandum and Articles of Association.

5. Power of Attorney: A Power of Attorney document, if applicable.

Timeline and Costs

The company registration process in Dubai typically takes 2-4 weeks, depending on the complexity of the application. The costs involved include:

1. Registration fees: AED 1,000 - AED 5,000 (approximately USD 272 - USD 1,363).

2. License fees: AED 2,000 - AED 10,000 (approximately USD 545 - USD 2,727).

3. Other costs: Additional costs, such as office rent, employee salaries, and marketing expenses.

Please note that the costs and timeline may vary depending on the specific requirements of your company and the authority with which you are registering. It's recommended to consult with a business setup consultant or lawyer to ensure a smooth registration process.