How to register a company in Dubai

Let discuss how to register a company in Dubai if the directors are foreigner. You may know how to register Limited Liability Company, JV or Branch Office in Dubai under FDI Law. Every year foreign companies attracted into doing business in the UAE. Dubai is the largest business hubs in the world with a mix of multi culture. It is great markets and stunning products of middle east. Conducting a business in Dubai need one to register the company with the government. Limited Company Registration in Dubai Free Zone is very easy and by following a few simple steps:

The whole registration process can complete within short period. The best thing about doing business is foreign investors can hold 100% control of own company. They can either register a new business or open up branch offices as need. They should always ensure that they have a National Service Agent own. That agent should be residing of UAE appointed who will act as their liaison. Without local agent registration will not complete.

Documents Required for branch office

Before start registration process, there are certain documents have to prepare and submit. These documents are at most from parent company of their own homeland. The list of requirement includes as follows:

• Certificate of Incorporation in the home country.
• Memorandum and Articles of Association of the parent company.
• Board Resolution.
• Audited Financial Accounts of the parent company for the past two years.
• Power of Attorney (issued in favor of the company-appointed General Manager).
• Bank Guarantee issued in favor of the Minister of Economy and Planning.
• The bank guarantee must show an amount of AED 50,000. This should renew every year upon approval of Ministry of Economy.
• A ‘Service Agent’ agreement with a UAE national.

Steps of Company Registration Dubai

Follow steps to open private limited Company (LLC) in Dubai under FDI Law. Under the guidance of a Service Agent, these steps should be of minimal hassle.

Step One

The first step is investor will file for business license to Ministry of Economy & Commerce. Along with this application, the foreign entity must submit a Service Agent Agreement. This agreement should clear data that the agent is either an UAE national or a 100% UAE owned company.

Step Two

MEC department will forward application to Economic Department for next step. It start working when agreement between agent and business license are make done. The purpose should ensure that the foreign company feel secures the local government’s approval. It is crucial to have the local government’s approval to run a business in Dubai.

Step Three

Once job complete by Economic Department then again application forward to FFC Committee. During this stage of processing, nature of business confirmed after justification. This business activity need approval by MEC. Keep in mind that there are certain activities prohibited in Dubai. So it is wise to do a thorough check up on what allows and what is not permitted before investing in the Emirates.

Step Four

After approval by Federal Foreign Companies Committee foreign entity now need Ministerial license. The Ministry of Economy and Commerce issue such license after verify. The license will contain detailed information about valid activities. In short, it will state what the company is permissible to do in Dubai.

Step Five

Branch office are permitted by the Commercial Register of the Economic Department. Over here, the required license are provided by department of UAE.

Step Six

The last step of registering a foreign company in Dubai is at the Dubai Chamber of Commerce and Industry. The government will issue the foreign entity a Certificate of Registration. This is the proof that the foreign company has been incorporated. And officially can start the operation without any more fuss in Dubai.

Dubai company registration Fees (AED)

Company registration Time

Ownership and type of company

Questions: Cost evaluation of Dubai LLC