S & F CONSULTING FIRM LIMITED

How to Register a Company in Dubai Free Zone Area With Low Cost

Company registration in Dubai

Let’s discuss how to register a company in Dubai free zone area if the directors are foreigners. All foreigners prefer LLC company registration process as easier to apply for work permit. Every year foreign companies like Indian companies are attracted to starting business in the UAE. As Dubai is the largest business hub in the world with a mix of multi-culture. 

The country has great markets and stunning products of the middle east. Conducting a business needs Dubai company registration with the government. Limited Company Registration in Dubai Free Zone is very easy and by following a few simple steps you can register a company in Dubai. 

The whole registration process takes a short time. The best thing about setting up a company in Dubai is that foreign investors can hold 100% control of the company. They can either register a new company in Dubai or open up a branch office as needed.

They should ensure that they have a National Service Agent’s own. That agent should be residing of UAE appointed who will act as their liaison. Without a local agent, registration will not be complete. There are many foreign companies and individuals contact us from: 

They contact us to guide them for Dubai company registration and work permit of the directors. Also, clients contact us to know the company registration process in Dubai. Follow the steps which we will discuss. 

Documents Required for Branch Office 

Before the registration process, there are certain documents that have to be prepare and submitted. These documents are at most from the parent company of their own homeland. The list of requirements includes the following: 

Steps of Company Registration in Dubai Free Zone 

Here are the steps of how to register a company in Dubai. Follow the steps to open a Private Limited Company (LLC) in Dubai under FDI Law. Under the guidance of the Service Agent, these steps should be of a minimal hassle. 

Apply For Busines Licence to MEC

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 a UAE national or a 100% UAE owned company.  

Forward Application to Economic Department

MEC department will forward an application to Economic Department for next step. It will start working when an agreement between the agent and business license is made done.

The purpose should ensure that foreign company like Indian companies feel secure about the local government’s approval. It is crucial to have the local government’s approval to run a business in Dubai 

Application Forward to FFC Committe

Once the job is complete by the Economic Department then again forward the application to FFC Committee. During this stage of processing, nature of business will confirm after justification. This business activity needs approval by MEC. Keep in mind that there are certain activities that are prohibited in Dubai. 

So, it is wise to do a thorough check-up on what is allowed and what is not permitted before setting up a company in Dubai. 

Ministerial Licence

After approval by the Federal Foreign Companies Committee, foreign entities now need Ministerial licenses. The Ministry of Economy and Commerce issues such licenses after verification.

The license will contain detailed information about valid activities. In short, it will state what the company is permissible to do in Dubai. 

Brance Office Permission

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

Issue a Certificate Of Registration

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

Dubai Company Registration Cost (AED) 

All are in concern about cost of LLC company registration although amount of fees are not same in all consultancy firms. Some of consultant written cost without local partner and some of them without work permit. And, some of them have written all inclusive fees in a package.

PARTICULARS OF SERVICE MINIMMUM FEES MAXIMUM FEES 
PRIVATE LIMITED (TOTAL APPROXIMATELY) 35000 50000 
BRANCH OFFICE (TOTAL APPROVAL) 70000 90000 
ECONOMIC DEPARTMENT FEE 3000 3500 
AGENT AGREEMENT WITH NOTARY 300 500 
TRADE LICENSE FEES & COST 15000 20000 
COMMERCIAL LICENSE FEE 700 800 
MUNICIPALITY 1000 1500 
MEMBERSHIP OF CHAMBER 1500 3000 
LOCAL DIRECTOR SERVICE 7000 10000 
TYPING FEE 500 700 
CONSULTING FEES & COST 7000 14000 

Company Registration Time in Dubai 

PRIVATE LIMITED 10 DAYS 15 DAYS 
BRANCH OFFICE 10 DAYS 30 DAYS 
AGENT AGREEMENT 2 DAYS 3 DAYS 
MEMBERSHIP OF CHAMBER 3 DAYS 10 DAYS 
BANK ACCOUNT 3 DAYS 7 DAYS 

Ownership and Type of Company 

TYPE OF COMPANY FREE ZONE LLC 
LLC 100% 49% 
BRANCH OFFICE 100% 100% 
COMMERCIAL 100% 49% 

Frequently Asked Question

What is the cost of an LLC in Dubai?

The minimum cost of LLC registration is 35000 AED, however, this cost can easily go up to 50000 AED depending on the charges for different business entities in Dubai.

Registration of a new company in Dubai will require different licenses and permits and depending on the business nature, the number of licenses or permits required will be determined.

How long does it take to open an LLC in Dubai?

Depending on the requirements of the licenses and permits, the time required to open an LLC in Dubai will take around 15 – 30 days.

If every document for your business registration is correct and without any mistakes, the time required will be less but if there are any mistakes or some documents information is wrong then it will take longer to register a company in Dubai.

How long does it take for VISA arrangements in Dubai?

The VISA arrangements can take a minimum of 7 days however, it can take up to 15 days depending on the complications regarding the company registration.

What are the benefits of Free Zone Company?

There are numerous benefits in registering a company in Dubai Free Zone. The benefits of Dubai Free Zone are provided below:

· Foreigners or investors are allowed to have 100% ownership of the company in Dubai Free Zone
· Formation of the company can be done alone
· Bank account opening facility in Dubai
· More privacy
· Tax exemption
· Renewal charge less
· Able to liquidate anytime
· Allowed to do any international legal business
· Able to do multiple activities
· Can own properties freely

What is the cost of Professional Services in Dubai?

The cost for professional service may vary depending on the company and requirements of licenses and permits. This can also depend on the amount of time required for company registration.

The professional fee for company registration in Dubai is around 7000 AED but it can get higher depending on the previously mentioned variables.

How can I get a local director?

The professional service can get you a local director. You must seek help from your professional service as this facility can be taken from them in Dubai. In Dubai, you will need a local director for LLC registration.

A Dubai citizen must hold a 51% share of the company to successfully register his/her company.

Is it safe to hire a local director?

As a requirement, you will need a local director for your company. In most cases, there were no issues found. If you keep paying them regularly then this will allow a good relationship between the director and the owner.

The director can be the silent partner of the company while you are being the main owner.

What are the licenses issued in Dubai to register a company?

Dubai provides 3 categories of licenses to register a company. The license will depend on the nature of your business. The categories are:
· Commercial License
· Industrial License
· Professional License

These licenses are issued by the Department of Economic Development in Dubai or DED in short. There are multiple locations of the offices to provide the licensing services.

A commercial license is issued to the company that will conduct any kind of trading activities in Dubai. The industrial license will be issued to those that will be in the industry for manufacturing and industrial activities and Professional licenses will be provided to those who are service providers, artisans, professionals, and craftsmen.

Exit mobile version