Register company in dubai
- Registering a Private Company in Dubai:
Of the seven emirates of the United Arab Emirates (UAE), it is Dubai, which has risen as a international business city. register company in Dubai is a suitable market for the establishment of private company for the Indian entrepreneurs and business owners who wish to venture into the international market. Here is a step by step DIY guide on how to register a private company in Dubai, the benefits of doing so and the paperwork you’ll need.
- Why Dubai Is Best Option For Business Registration?
Some of the advantages of doing business in Dubai include; favorable location, efficient infrastructure and the fact that the place has low taxes. It has a vast potential consumer base not only in the Middle East but in African, European and even Asian continents yes this time for register company in Dubai. Also, a factor that is important for the intentions of the Indians has been the liberal policies for the businesses in Dubai such as 100 percent foreign ownership in most of the industries, no corporate tax essentially other than a few specific industries, no personal income taxes.
- The following are the various types of Private Companies that exist in
In Dubai private companies are mostly formed under the category of the Limited Liability Company (LLC). An LLC is formed most often because of its rather a peculiar structure; it may include multiple participants, and the participants’ liability is restricted to the quantity of their share.
Nevertheless, in case of certain types of activities, or a particular branch of industry, it is possible to register a company in Dubai consider the establishment of Free Zone Company register company in Dubai Free Zones are such economic zones where a variety of privileges exists such as hundred percent FDI and no taxation of imports and exports and visa and permit procedures are relatively easy and quick.
- Main Procedures for Formation of a Private Limited Company in Dubai
1. Choosing the Business Activity and Legal Structure:Choosing the Business Activity and Legal Structure:
The first step is the definition of the kind of business activity and the form of the enterprise. Pertaining to the business activity you require you can either register company in Dubai Mainland LLC or a Free Zone Company or an Offshore Company.
2. Selecting a Trade Name:
The trade name of your company should be different and should follow some rules that have been laid down by the Department of Economic Development (DED) in Dubai. Avoid using any bad words or any religious words in the name and it should be in related to the type of business you are carrying out
3. Finding a Business Location:
For Mainland LLCs, you are required to obtain an office in Dubai. The lease must be accompanied by Ejari registration with the DED. On their part, the Free Zone establishments can make do with flexi-desk solutions in this regard as these are cheaper.
4. register company in Dubai:
Free Zones are economic zones where a variety of privileges exist such as a hundred percentage FDI and no taxation of imports and exports and visa and permit procedures are relatively easy and quick.
- Main Procedures for Formation of a Private Limited Company in Dubai
Finalising the Registration Process:
The documents when completed should be forwarded to the DED or the respective Free Zone Authority, with a complete application. Such documents include the MoA, lease agreement, passport copies of the shareholders and any other document may be requited.
Obtaining a Business License:
If the application is successful and gets approved, it will be followed by the issuance of the business license. This license is compulsory when it comes to the legal running of your business within the emirate of Dubai.
Setting Up Corporate Bank Accounts:
After registration of the company a corporate bank account is required in the United Arab Emirates, especially in Dubai. A majority of the banks need their clients to provide a minimum deposit and an elaborate business plan.
Visa Processing:
The good news is that you can begin applying for UAE residency visas for shareholders, employees as well as their dependents. The number of visas you can apply for depends on the size of the office that you rent of own.
Some of the expenses that a business person has to meet while registering a company include:
The establishment cost of a private limited company in Dubai depends on number of factors; company type, this business activity and whether you will be operating in Mainland Dubai or in a Free Zone. In general, the Companies operating in Free Zone premises enjoy relatively low incidence of overheads
because of flexi-desk solutions, and other such facilities. Mainland companies may have to make more investments so as to meet the physical establishment of an office space kind of arrangement.
Ongoing Compliance and Renewal
After the registration of your company, there are some legal formalities that are to be complied with on a regular basis, for instance, the trade license is to be renewed every year if your company is registered for VAT then VAT returns are also to be filed periodically and laws relating to accounting also have to be followed. Non-compliance to these regulations attracts fines, or in the extreme, business license suspension of your business.
Dubai is one of the seven emirates constituting the United Arab Emirates (UAE), where the leading type of activity is the development of the business centre. Dubai is among the few places that is favourable to set up a private company for Indian entrepreneurs or business owners who seek to diversify internationally. Here is a step-by-step guide on the procedures, advantages and statutory conditions of registering a private company in Dubai.
Why Should You Register Your Company in Dubai?
As such, Dubai has been at vantage position with competitive infrastructure and favorable tax regimes that are appealing to investors. The emirate provides a vast and versatile customer base that extends beyond the Middle East to Africa and across Europe and Asia. Besides, it is easy for Indian investors to operate businesses in Dubai since many sectors allow 100% foreign ownership, there is no corporate tax (apart from specific sectors) and no personal income tax.
There are four main categories of private limited companies that are formed in Dubai.
In Dubai private formations are mainly under the category of Limited Liability Company (LLC) for the companies. It is favored opting for Formation of an LLC because it has a relatively liberal structure of establishment that accommodates many shareholders and shields the interests of the shareholders up to the nominal value of their stakes.
Nevertheless, for particular types of business or certain business activities, one may also opt for Free Zone Establishment. Free Zones are zones of special economic status with special privileges such as: 100% foreign ownership Export and import tax holidays Visas and permits free zones.
