Business Set-up & Company Formation in Dubai and the UAE
Looking forward to setting up your business in the promising land of Dubai? Well, thank your stars, because you’ve landed at just the right place. We, at Virtual Office, take immense pride in being one of the most renowned and trustworthy business setup services in Dubai.
As you may imagine, business setup in Dubai or business setup in UAE for that matter is no mean feat. It takes a lot of diligence, numerous steps, umpteen legalities, countless visits to Government Authorities, and much more before you can kick-start your entrepreneurial venture. However, you don’t need to be disheartened just yet. After all, we are here to help
Why Setup Business in Dubai?
As the commercial capital of the UAE, Dubai offers countless business opportunities thereby proving to be an unmissable attraction for businesses from all over the world.
Some of the leading factors for this attraction are –
• High Level of International Exposure
• Investor-Friendly Government
• Unmatched Tax Benefits
• Investment Based Perks
Steps for Business Setup in Dubai
Secure a Trade Name
Define the Type of Business
Determine Business Activity
Create a Memorandum of Association
Acquire a Trade License and other Approvals
Complete the Formalities
1. Secure a Trade Name
You will be required to choose a trading name that is not in use by any other enterprise and submit the same along with a registration application to the DED (Department of Economic Development).
2. Define the Type of Business
Depending on the type of business, take your pick from –
• Sole Proprietorship
• General Partnership
• Partnership-en-Commendam
• Limited Liability Company
• Joint Venture Company
• Public Shareholding Company
• Private Shareholding Company
• Professional Company
3. Determine Business Activity
Based on your business goals, you will be required to determine a business activity, which will further help you in deciding the business jurisdiction you choose.
4. Create a Memorandum of Association
Your MoA draft will carry the details of the shareholders as well as of your company, complete with minimum share capital. You will be required to get it notarized in the DED.
5. Acquire a Trade License and other Approvals
This is by far the most uphill task, considering the sheer number of documents you ought to submit. Then again, you will be required to get the relevant approvals from the analogous Ministry/Department. This is where having an expert business setup company in Dubai such as ours by your side can prove to be of immense help. After all, documentation and dealing with the company register in a foreign land is best handled by someone who knows the task inside out!
6. Complete the Formalities
Once your business is registered, you will be good to go as soon as you complete the remaining formalities including the following -
• Rent a business premise, since it is mandatory to have a physical existence in Dubai
• Open a business bank account for which the requirements vary based on the bank, and the offshore presence of your business, if any.
• Apply for an establishment card, as a means to hire staff and apply for the requisite visa for your employees. This card will also help you obtain the relevant work permits.
• Applying for the relevant visa for yourself, your employees, and for the dependents. The number of visa applications you can file largely depends on the zone in which your business is set up.
• Register your employees with Social Security so that they are entitled to pension benefits once they
reach the official age of retirement!
STRIVING TO EXCEED YOUR EXPECTATION WITH OUR EXPERIENCE OF 4+ YEARS
Why Choose Virtual Office for Business Setup in Dubai?
Simply put, we make the seemingly taxing and difficult task of setting up a new business in Dubai fairly easy for you. Our business setup services in Dubai include but are not limited to -
• Consultation on the corporate structure that best suits your business needs and goals
• Drafting the requisite documents, managing submissions and assisting end-to-end services about notarisations and legalisations
• Processing visa and work permit applications
• Availing partnership alternatives for Professional, Branch Office and Dubai Offshore Company
• Assisting in various aspects related to applications and approvals from Economic Department, Ministries, Department of Planning and Civil Defence
• Setting up Company Bank Accounts