In the world of international investors, Dubai is very attractive and Indian entrepreneurs are never an exception to this. The city’s strategic positioning, strong economy and friendly business climate make it one of the best places to start a company. Therefore, If you an Indian investor thinking of establishing a company in Dubai, this guide will take you through company registration every step of the way.
Understand the Types of Business Structures in Dubai
Before the registration is started, it is necessary to select a suitable category of a company. Dubai has a number of these options each associated with different benefit:
- Mainland Company: Operating across the UAE and outside Dubai is made possible by this type of company, but a local sponsor or partner who has 51% ownership is a must, unless it falls within the category of particular professional services companies.
- Free Zone Company: If you operate a free zone, you receive 100% foreign ownership and are exempted from taxes when conducting business. The process is made simpler, too, making it best for companies dealing with exports or providing services in such areas.
- Offshore Company: For those businesses that do not wish to have a physical presence in the UAE but would like to take advantage of tax benefits and legal systems present the best option.
Choose a Business Activity
Dubai contains more than 2,000 authorized business operations. These also influence your company’s legal structure depending on their type of operations. You should be able to figure out in which division you fall. The latter vary from trading, consultancy, manufacturing to real estate. Each type of operations has different requirements in terms of licensing and procedures. Know about Company Registration in Dubai UAE from Surat.
Register Your Trade Name
Once you have chosen a business activity, the following thing that you should do is select a trade name. Your company’s name should be able to tell what business you are doing in it and it must conform with Dubai’s naming rules. It should not contain any offensive words, religious implications, famous institutions abbreviations among other things.
To see if the name you want for your company is available you can contact the Department of Economic Development (DED) and have it reserved when approved.
Apply for the Necessary Licenses
You can apply for one of three main license types based on your business setup:
- Commercial License: For carrying out particular trade and commerce activities.
- Professional License: Service-based businesses that provide consultancy, healthcare or legal services.
- Industrial License: For firms engaged in manufacturing and production.
In order to get a license, you should provide documents like trade name, passport copy, and business activity details. These licenses are given by DED and depending on how complex your business is, it might take a while up to weeks. Get details about Company Registration in Dubai UAE from Kolkata.
Find a Local Sponsor (if Necessary)
When you establish a mainland business, you must be sponsored by someone living there. Also referred to as a prime UAE citizen owning 51 % of the entity’s stock, sponsors play an important role in any company founded in this country. But there are some cases where specific business activities like professional services could let you off this hook. Just be certain that before settling for one as your legal partner; the sponsors are trustworthy.
Register with the Relevant Authorities
After you’ve gotten the trade name and license, it’s vital that you register with relevant authorities which typically includes; securing a tenancy contract for your business location as well as registering with Dubai Chamber of Commerce & Industry (DCCI) and Molecules Entities alike before seeking any other sector-specific approvals when necessary. Know about Company Registration in Dubai UAE from Bangalore.
Open a Business Bank Account
After your business has been registered, you will require the opening of a corporate bank account which is essential for managing the company’s finances as well as making transactions. There are a number of international and local banks in Dubai that offer business accounts which have different advantages such as these.
Visa and Employee Regulations
If you intend to hire workers, you need to request work visas. The process for obtaining Dubai visas is very simple and can be facilitated at the Ministry of Human Resources and Emiratisation.
Call +971 56 658 2477 for Register a company in Dubai
While trying to Register a company in Dubai, for an Indian investor, it can always look like a hard task but getting proper instructions and planning will make it enjoyable. By selecting the right kind of organization for your trade, securing licenses that are required and adhering to set regulations you may be sure that starting up any venture here will be both possible and profitable due its high levels of activity among entrepreneurs from all over the world.