What is the basic process of registering a company in Dubai?

With its unique location advantages, prosperous economic environment and attractive policies, Dubai has become an ideal choice for many investors to expand their international business territory. If you are also excited about the unlimited potential of the Dubai market, starting to register a company is a key first step to start your business journey. The following will comb the basic process of Dubai registered company for you in detail.

Dubai Company Registration Process

1. Determine the type of company:

choose the right type of company based on your business needs, such as a local company (Mainland Company) or a free zone company (Free Zone Company). Local companies are suitable for companies that wish to cover both local and international markets, but may require local partner ownership; free zone companies are suitable for foreign companies, with 100 per cent foreign ownership and tax exemption.

2. Select the company name:

the company name must conform to the naming standards of the UAE, and cannot contain offensive language or content related to politics or religion, and cannot be the same as the name of an existing company. It is usually necessary to prepare 3-5 alternative names.

3. Preparation of registration information:

copies of passports, proof of address and other personal data of shareholders and directors.

The Articles of Association (MOA), specifying the company's business scope, shareholders' rights and interests, etc.

The lease contract or office address proves that the local company needs to lease the physical office in Dubai, and the free zone company can choose the address in the free zone.

Depending on the particular industry or type of company, additional documents such as a business plan, audit report, etc. may be required.

4. Submit an application for registration:

submit the prepared documents to the Dubai Department of Economy and Tourism (DET) or the relevant Free Zone Authority for preliminary approval. Free zone companies are usually approved faster.

5. Obtain preliminary approval:

after approval, a preliminary approval letter is obtained, at which point subsequent steps such as notarization of the company's articles of association can be carried out.

6. Payment of registration fees:

depending on the type of company and the amount of registered capital, the corresponding registration fee is paid.

7. Obtain business license:

after completing all approvals and payment of expenses, obtain a business license and officially start operation.

8. Open a bank account:

to open a company account with a local bank in Dubai, documents such as business license, articles of association, identification of shareholders and directors are required.

9, for visa and follow-up procedures:

if you want to work in Dubai, you need to apply for a work visa and residence permit for your employees. At the same time, it is necessary to comply with local tax and financial regulations, conduct tax registration and regular audits.

Dubai Company Registration Post Maintenance

1. Annual review:

in Dubai, companies are required to conduct an annual audit to review the company's operations, financial status, etc. This review helps to ensure that the company complies with the law and maintains effective operations.

2. Financial Reporting and Auditing:

companies registered in Dubai are usually required to make annual financial reports and undergo external audits. These reports and audits help to ensure that the company's operations are transparent and meet international standards.

3. Tax declaration:

dubai has a very liberal corporate tax regime, and most companies do not pay corporate income tax unless they are engaged in certain industries (such as the oil and gas industry).

4. Labor and Employment Regulations:

dubai's labor market is relatively flexible, but companies still need to comply with local employment regulations, including labor contracts, minimum wage requirements, working hours, etc., to ensure that employees' rights are protected.

5. Intellectual Property and Brand Protection:

enterprises can protect their intellectual property rights through registered trademarks, patents and other forms. Dubai has a sound intellectual property protection system that allows companies to protect their brands and technologies through legal means.

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