Business Set up in Dubai

Mainland Or Local Company set up in Dubai / UAE

• Dubai economic development department has classified all the activities under the different heads. The prospective investor has to choose the activity group.
• To establish LLC, as per the Dubai government law, its compulsory to keep one UAE national as a partner in the company. So the prospective investor has to choose the one UAE national (sponsor) as a partner in the company.
• After selecting the activity group and the local national partner(sponsor), investor has to take initial approval from the Dubai economic department.
• After having the initial approval, the investor has to select the trade name of the company and has to take the trade name approval from the Dubai economic department.
• After taking the trade name approval, the investor (partners) and the sponsor has to register LLC contract- a memorandum in the Dubai court.
• The investor has to select a proper business place and bring the tenancy contract along with the location plan, which has to be approved by planning and civil defence departments in Dubai Municipality.
• After executing the LLC contract in the court, the authorised partner has to open a bank account and deposit the capital required to register company in this account. Then the authorised person has to obtain a letter from the bank mentioning that the partners have deposited the specific amount in the bank.
• After that the partners have to obtain an auditor's report mentioning that partners have deposited the capital amount required to register a LLC.
• After processing all above documents, the partner has to submit them in Dubai economic department and after due scrutiny, the department will issue a trade license on payment of the required fees.
• After obtaining the trade license, the partner has to open an immigration and labor computer card.
• The partner can now apply for the investor visa by depositing the required amount.
• For some specific activities, some special permission is required, like advertising, tourism, gold and jewellery, money exchanges, medicines trading etc.