Registering Your Company in Dubai: Step-by-step guideline.
Register a company in Dubai: Dubai is a thriving hub of commerce and innovation, and registering a company in Dubai with the Department of Economic Development (DED) is an important step in establishing a successful business presence in the Emirates. In this guide, we’ll outline the complete process of how to register a company in Dubai with the DED, including the required steps and necessary paperwork, as well as the benefits of doing so.
Table of Contents: Register a company in Dubai
Jump to a section of the content:
- 1 Benefits of registering an offshore LLC company in Dubai:
- 1.1 Check out the fees for registering an offshore LLC company in Dubai:
- 1.2 Frequently Asked Questions about Registering a Company in Dubai
- 1.2.1 Q1: Why should I consider registering a company in Dubai?
- 1.2.2 Q2: What types of companies can be registered in Dubai?
- 1.2.3 Q3: What is a Free Zone Company?
- 1.2.4 Q4: Can I own 100% of my business in Dubai?
- 1.2.5 Q5: What are the steps to register a company in Dubai?
- 1.2.6 Q6: How long does it take to register a company in Dubai?
- 1.2.7 Q7: What documents are required for company registration?
- 1.2.8 Q8: Can I operate outside the Free Zone if my company is registered there?
- 1.2.9 Q9: What is the role of the local sponsor in mainland company registration?
- 1.2.10 Q10: Are there any specific industry regulations I need to be aware of?
- 1.2.11 Q11: Can I open a corporate bank account in Dubai for my company?
- 1.2.12 Q12: Is it necessary to have an office space in Dubai?
- 1.2.13 Q13: Can I register an offshore company in Dubai?
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Step 1: Choose a Legal Structure
Choose a legal structure that suits your business needs to register your company with the DED. Options include sole proprietorship, limited liability company (LLC), branch office, representative office, and more. You can find more information about the different legal structures available in Dubai on the DED website.
Step 2: Obtain Approval
Once you have chosen a legal structure, you’ll need to obtain approval from the DED for your business activity. You need to obtain licenses and permits, including commercial, trade, or industrial, before registering your business with the DED. You can find more information about the licenses and permits required for your specific business activity on the DED website.
Step 3: Register Your Company
After approval, you can register your company with the DED by submitting the necessary paperwork and fees. This includes completing the company registration form, which is available on the DED website. To apply, you must provide evidence of owning the required capital and proof of your company’s physical address in Dubai.
Step 4: Open a Bank Account
After your company is registered, you’ll need to open a bank account in Dubai and deposit the required capital. You can find more information about opening a bank account in Dubai on the DED website.
Step 5: Apply for Visas and Work Permits
If you or your employees are not citizens of the UAE, you’ll need to apply for visas and work permits. You can find more information about obtaining visas and work permits for your employees on the General Directorate of Residency and Foreigners Affairs (GDRFA) website.
Benefits of registering an offshore LLC company in Dubai:
By registering your company with the DED, you’ll be able to access a range of benefits and services, including:
Legal Recognition: Registering your company with the DED gives your business legal recognition and legitimacy in Dubai.
Access to Business Services: The DED provides a range of services and support to businesses in Dubai, including access to information and resources, investment opportunities, and networking events.
Protection of Trademarks and Intellectual Property: The DED provides legal protection for your company’s trademarks and intellectual property, helping to ensure the success and growth of your business.
Ease of Doing Business: The DED streamlines the process of starting and running a business in Dubai, making it easier for entrepreneurs to focus on growing their operations.
Check out the fees for registering an offshore LLC company in Dubai:
- Department of Economic Development: https://ded.gov.ae/
- General Directorate of Residency and Foreigners Affairs: https://www.dnrd.ae/
Registering a company in Dubai is an important step in establishing a successful business presence in the Emirates. With its supportive business environment, skilled workforce, and access to capital, Dubai offers a wealth of opportunities for businesses of all sizes and industries.
Frequently Asked Questions about Registering a Company in Dubai
Q1: Why should I consider registering a company in Dubai?
A1: Dubai offers a strategic location, a business-friendly environment, tax advantages, and access to a diverse market. It’s a global business hub with excellent infrastructure.
Q2: What types of companies can be registered in Dubai?
A2: Dubai offers various business structures, including Free Zone Companies, Mainland Companies, and Offshore Companies. Each type has its own benefits and restrictions.
Q3: What is a Free Zone Company?
A3: Free Zone Companies operate within designated zones and enjoy benefits like 100% foreign ownership, no import or export duties, and simplified customs procedures.
Q4: Can I own 100% of my business in Dubai?
A4: In Free Zones, yes, you can have full ownership. However, on the mainland, you might need a local sponsor who holds at least 51% of the shares.
Q5: What are the steps to register a company in Dubai?
A5: Steps may vary, but generally, they include choosing a business activity, selecting a company name, applying for a license, and obtaining necessary approvals.
Q6: How long does it take to register a company in Dubai?
A6: The timeframe depends on the type of business and approvals required. It can take a few days to several weeks.
Q7: What documents are required for company registration?
A7: Documents typically include passport copies, visa copies, NOC from the sponsor (if applicable), business plan, and application forms.
Q8: Can I operate outside the Free Zone if my company is registered there?
A8: Companies registered in Free Zones are generally restricted from conducting business outside the zone. However, they can work with mainland companies through a distributor or agent.
Q9: What is the role of the local sponsor in mainland company registration?
A9: The local sponsor, often a UAE national, is required to hold the majority of shares in the company. They act as a sleeping partner and usually don’t interfere in the business operations.
Q10: Are there any specific industry regulations I need to be aware of?
A10: Yes, certain industries may have additional regulations. It’s crucial to research and comply with sector-specific rules and licensing requirements.
Q11: Can I open a corporate bank account in Dubai for my company?
A11: Yes, once your company is registered, you can open a corporate bank account. Requirements may include business documents, shareholder information, and proof of address.
Q12: Is it necessary to have an office space in Dubai?
A12: Yes, most jurisdictions require a physical office for company registration. Free Zones often provide options for flexi-desk or virtual office facilities.
Q13: Can I register an offshore company in Dubai?
A13: Yes, RAK Offshore and JAFZA Offshore are popular options for those wanting to establish an offshore presence in Dubai.
Remember, the information provided here is general, and it’s advisable to consult with business registration professionals or government authorities for the most accurate and up-to-date guidance.