Company Formation in Dubai with A&M Alansari Auditing
- June 10, 2019
- Posted by: admin
- Category: Finance & Accounting
Whether you are a tourist or an expat – the multicultural environment of Dubai will make you feel right at home, regardless of the country you come from.
The city is equally great and potential-driven for individuals and organizations who are planning to set up their business. Strategically placed between the east and the west economies, Dubai is one of the most connected and developed business destinations in the world. Limited taxation, access to talented workforce, and the cosmopolitan lifestyle are just some of the temptations of living here.
If you are also planning a business setup in Dubai, congratulations – you are on the right path. In this guide, let’s take a look at some of the basic elements that are required in the process.
- Type of Business
If you haven’t already considered the type of business you would be launching in Dubai, please bear in mind that the niche of your business will determine the business licensing. The city is divided into two main zones that entrepreneurs use to conduct their business activity:
- Free zone: allowing 100% foreign national ownership and speedy setup of the business
- Mainland: affiliated with the government and requires a Dubai business license
- Choose A Trade Name
Dubai has strict naming rules. For ex. the name of the business should not include offensive language or refer to Allah or any other religious or political group. If you choose to name your business by a person’s name, the person should be a partner/owner of the business.
- Get the Paperwork in Order
Once you have defined the niche of your business along with the trade name, it’s time to fill in the application along with the shareholder’s passport copies and NOCs to the relevant government authorities.
This is the most arduous step of company formation in Dubai and we suggest taking help from experienced consultants to complete the paperwork accurately.
- Wait for Your License
As soon as the application is processed, the government will issue the business owner a license to operate in the emirates. Once the paperwork is received back, it’s time to plan your relocation, open up a bank account, and get a visa.
- Local Support
This may sound like a simple procedure, but business setup in Dubai can often be a cumbersome milestone, especially without the right guidance and local support.
If you are looking for assistance as well, contact us at A&M Alansari Auditing. Our team of expert business setup consultants in Dubai will offer complete solutions to launch your economic activity without any hassle. We make our client’s requirements and security a top priority and ensure their business needs are met at competitive pricing.