REGISTRATION OF A BUSINESS (FIRM) IN THE UAE

REGISTRATION OF BUSINESS (COMPANY) IN UAE

So, registering a business in the UAE is quite a profitable solution in case of business relocation. The presence of free zones with favorable conditions for business, so companies registered in such zones are exempt from paying taxes.

Therefore, it is important to answer the following questions:

• What is the cost of opening a company in Dubai or Abu Dhabi?
• What is the best organizational and legal form of entrepreneurial activity?

Company registration advantages and disadvantages:

• Two types of legal entities:

1. Companies are registered in free economic zones of the UAE, since there are more than 45 free economic zones, each has its own requirements and laws.

• The most popular organizational and legal forms of enterprises in the FEZ:

1. Free Zone Establishment (FZE) – for one shareholder
2. Free Zone Company (FZCO) – for several shareholders
3. A branch of a foreign company
4. Local companies – registered outside free economic zones

• The most common forms of local companies are:

1. Limited Liability Company as a newly formed entity with one or more shareholders (“LLC”),
2. The Limited Liability Company structure is one of the popular company structures in the UAE mainland.
3. Investors choose a limited liability company, as a rule, if there are more than 2 shareholders (up to 50).
4. There are various business advantages in established limited liability companies in the region for entrepreneurs.
5. The liability of the LLC company extends only to the share of shares owned by the Investor. Limited liability companies can be established in the UAE mainland for a variety of activities.
6. Commercial, service and industrial activities can be carried out by creating a limited liability company.
7. A limited liability company as a wholly owned subsidiary of a local or foreign company.
8. A branch of a local or foreign company

• Is it possible to register a company online?

Yes, UAE provides investors with many benefits of online company registration in Dubai. Many free zones do not require the physical presence of a shareholder to register a company. Professionals will help in the complete process of company registration in the UAE. The team will assist investors in solving various administrative tasks. This includes preparing the application form, choosing the right business license and activities, etc. We also provide services for obtaining special permits, submitting documents to the bodies of the free economic zone, etc.

• What are the stages of company registration in the UAE?

1. Choosing an organizational and legal form (we recommend LLC)
2. Choosing a name, the name must be unique and not repeated with others
3. Preparation of founding documents (statute, decision, founding agreement)
4. Notarization of these documents
5. Contribution of authorized capital – at least 50,000 dirhams, but it can be more, it depends on the chosen emirate and the type of activity you plan to engage in
6. Submission of a package of documents to the Department of Economic Development
7. Obtaining a value added tax payer number
8. Applications for obtaining additional permits

• Documents required for company registration in the UAE:

1. Information about each of the founders
2. Documents certifying the identity of each of the founders
3. A completed application for establishment
4. Information about the company itself (organizational and legal form, branch or independent structural unit)

But since the UAE is divided into emirates, each emirate may set additional requirements for documents.

What is the cost of registering a company in the UAE? To answer this question, leave your phone number or call us.

Online company registration in Dubai helps investors set up their companies from the comfort of their homes. Entrepreneurs from all over the world can easily register their companies in Dubai