Dubai is one of the fastest growing economy in the world. Company Setup in Dubai is a great idea. In order to do business in Dubai ,you are are required to register your business and form a company. Company Setup in Dubai is simple and easy if you know the procedure. Depending upon your business activity, there can be different requirement in order to setup a company. The first step is to select the most appropriate location for your company setup.
In brief there are 5 steps in order to setup a company.
Select the business activity – Depending upon the nature of your business,you need to select the relevant business activity defined by the government.
Select the company name (trade name) – You need to choose name of your company and check if the name is available. If the specified name is available, you can book the same trade name.
- Apply for the licence of your company , Get a Sponsor – Every business is required to have a valid business license. Depending upon the company size,business activity and location the license price may vary.
- You need a local sponsor (UAE national) in case of company setup in Dubai mainland.In freezone you will have 100% business ownership.Dubai Freezone authority will sponsor your company in this case.
- Get an Office – You need to have an office for your company.If you have opted for company setup in Dubai free zone then you need to choose one of the freeezone for your office location.If you have selected Dubai Mainland,then you need to have office within the mainland.
- Get initial approval, start business registration process and take your trade licence – You are required to take approvals from government for your company registration.Once you get the approval you can start the business registration and get the trade license.