How To Start A Business Learn the 8 Legal Steps to Setup a Business in Dubai - PowerPoint PPT Presentation

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How To Start A Business Learn the 8 Legal Steps to Setup a Business in Dubai

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When it comes to new business setup in Dubai, the UAE is demanding, especially in terms of legal criteria. If you wish to establish a business in Dubai or elsewhere in the UAE. Before establishing a business in Dubai, it is critical to follow all legal requirements. So, let's go over the specifics of the legal tasks you must complete. For more information please visit our website : – PowerPoint PPT presentation

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Date added: 19 September 2022
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Title: How To Start A Business Learn the 8 Legal Steps to Setup a Business in Dubai


1
How To Start A Business Learn the 8 Legal Steps
to Setup a Business in Dubai
2
  • Because of its strategic positions and
    business-friendly environment, the United Arab
    Emirates (UAE) continues to attract more firms
    from around the world. Lawful procedures and
    documentation must be followed to ensure the
    legal establishment of your business in Dubai.
    Starting a business in the UAE should take no
    more than a week once all of your legal
    formalities are finished.
  • When it comes to new business setup in Dubai, the
    UAE is demanding, especially in terms of legal
    criteria. If you wish to establish a business in
    Dubai or elsewhere in the UAE. Before
    establishing a business in Dubai, it is critical
    to follow all legal requirements. So, let's go
    over the specifics of the legal tasks you must
    complete.

3
What Are the Eight Most Important Legal Steps to
Starting a Business in Dubai?
  • The key legal steps of setup a business in Dubai
    are outlined here.
  • Determine the Legal Form and Activity
  • Obtaining a Trade Name Registration
  • What Kinds of Businesses Can Operate in the Free
    Zone?
  • What Types of Business Entities Can I Establish
    in the UAE?
  • Initial Approval from Authorities
  • Licensing for Business Establishment in Dubai
  • Dubai Police Clearance Certificate
  • The Ministry of Economy's approval (MOE)

4
1.Determine the Legal Form and Activity
  • The first step in applying for a business license
    is selecting the type of business operations that
    will be undertaken. Furthermore, the specific
    nature of the business, such as whether it is an
    establishment, a branch of a foreign firm, or a
    limited liability corporation, must be
    identified. Furthermore, the laws, criteria,
    regulations, and costs for establishing a
    business in the UAE vary depending on the type
    and nature of the operation.

5
2.Obtaining a Trade Name Registration
  • Trade name registration is often subject to the
    following conditions
  • Trade names must not have been used or registered
    earlier in the same business industry.
  • It must be appropriate for the sort of activity
    and legal status required.
  • It shall not be in violation of any public law or
    order.
  • It must not be identical to any registered local
    or foreign trade name with the Ministry of
    Economy, and it must not be misleading to
    consumers.
  • If the Department of Economic Development (DED)
    discovers that a trading name is identical to an
    existing trade name or fails to follow the
    department's terms and conditions, it has the
    ability to cancel it.

6
What Kinds of Businesses Can Operate in the Free
Zone?
  • The legal form is mostly dictated by the needs of
    the different sorts of businesses. Furthermore,
    the legal form serves as the foundation for
    determining which laws and regulations apply.

7
What Types of Business Entities Can I Establish
in the UAE?
  • Determine the legal entity that your company will
    utilize for business setup in Dubai. You can
    start one of three types of enterprises in Dubai
    as a new business owner
  • Free Zone Limited Liability Partnership (FZ LLC)
    or Free Zone Corporation (FZ Corporation) (FZ
    Co.).
  • Establishment of a Free Zone
  • Establishment of a Mainland Company

8
Initial Approval from Authorities
  • If you want to start a business in Dubai, you
    must first register with DED Dubai. Businesses
    should be aware that preliminary permission is
    only valid for three months from the date of
    issuance. If the certificate expires, the
    business owner must obtain a new one before
    continuing. These commercial operations belong
    into one of six business industry categories,
    each requiring a separate sort of DED (Department
    of Economic Development) license

9
Licensing for Business Establishment in Dubai
  • First, ensure that you have all of the necessary
    papers. In addition to your business license, you
    will most likely require
  • A form for opening a corporate account.
  • A resolution of the board of directors
    authorizing the opening of the account, as well
    as the signatories to the account.
  • A copy of your company's incorporation
    certificate.
  • A duplicate of your share certificates.
  • A duplicate of the company's memorandum and
    articles of incorporation.
  • Copies of passports for all firm partners.

10
Dubai Police Clearance Certificate
  • In Dubai, the certificate can be obtained via the
    Dubai Police website or app. Visit the website to
    apply. You can either access your user profile
    through the MYID link or apply straight through
    the form.
  • The clearance certificate service charge is AED
    100 for UAE citizens and AED 200 for residents.
    For foreigners seeking a certificate in Dubai,
    the charge is AED 300.
  • Required Documents for Police Clearance
  • Original and duplicate Emirates ID
  • Photographs in passport size
  • Original copy of passport

11
The Ministry of Economy's approval (MOE)
  • The creation of a Representative Office in the
    UAE must be approved by the Ministry of Economy.
    The Ministry of Economy must receive information
    regarding the parent company, such as the head
    office address, nature of the business,
    shareholding agreement, Memorandum of
    Association, and other company documents (MOE).
    In some circumstances, additional approvals from
    government entities controlling specific
    commercial activity may be required.

12
  • Business Platform Corporate has made it easier to
    start a business in Dubai. Are you thinking about
    starting a business in Dubai? But the legal
    process is too intimidating for you? If this is
    the case, contact Business Platform, an
    international business setup consultant in Dubai
    who has assisted thousands of business owners in
    successfully establishing a firm in Dubai. We
    have a team of experienced specialists with
    cutting-edge knowledge of Dubai's business and
    market culture, so you can be confident that your
    business establishment is in good hands.

13
Read More
https//wakelet.com/wake/x6VnWEYhsuzWCF7EwmiKD
14
CONTACT
  • Address
  • Office 214, The Binary by Omniyat
  • Marasi Dr - Business Bay Dubai United Arab
    Emirates
  • Email info_at_businessplatform.ae
  • Phone 971 501594000 ,
  • 971 43332220
  • Website https//businessplatform.ae/

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