There is no doubt that the UAE is a hot spot for international trade. People interested in starting a new business come for UAE company register from around the world. The UAE offers a large pool of experienced and professional people, attractive infrastructure, and support from the government. This works like a magnet for entrepreneurs and investors willing to start a company in the UAE. If you are one of those people willing to go for UAE company register, this blog is for you. Read further to get detailed information about the process, advantages, list of documents, and cost for company registration in UAE.
Why Should You Register a Company in the UAE?
Forming a company in the UAE has ample benefits. Besides high-class facilities, governmental support, and world-class infrastructure, the UAE also offers:
- Firstly, an economic system with the least restrictions on business activities for company formation.
- Talented and experienced professionals to select from for your company.
- High-class telecommunication system for all kinds of businesses.
- Advanced logistics support for warehousing, export-import, delivery, and re-export.
- Extraordinary events like Dubai Expo and other exhibitions.
- Comfortable residential accommodations and top-class commercial structures.
- Easy to follow the process for UAE company registration.
- Finally, rapidly evolving digital facilities.
What is the Process to Register a Company in the UAE?
Highly cooperative government and advanced digital facilities make the company registration process in the UAE very simple. Anyone can easily follow the given steps to register their company in the United Arab Emirates.
1. Collaborate with a UAE National
Get in touch with a local sponsor. He/she should be a UAE national. The local sponsor will own 51% of your company and the remaining 49% is yours. He/she will also be responsible to help you in signing your lease agreement. It is important to present a copy of the lease agreement to acquire your trade license.
2. Reserve a Suitable Company Name
Select an appropriate trade name for your company. To make sure it is approved, do not use the name of an existing company or use any foul words in the name. Moreover, if you plan to name your company after a person, use their full name. Once you have decided the name of your company, legally register it with DED and acquire the trade name reservation certificate.
3. Choose Business Activities
Be sure about the nature of your business and select the business activities accordingly. The DED provides a list of over 2000 activities to choose from. While filling the registration form, you need to choose the activities you want to conduct from the given options. Remember, you cannot conduct any activities apart from the ones you have selected. If so, the government can cancel your license.
4. Decide the Company Formation Region
Decide where you want to set up your company. In a free zone or mainland region? This will depend on the nature of your business and the activities you want to conduct. If you set up your company in the mainland you can conduct business globally, but you will need a local sponsor. If you wish to set up a free zone, you can conduct business within the UAE without a local sponsor. The legal formalities you need to complete ahead will depend on the location you choose.
5. Rent an Office Space
Rent an office space and register it online with Ejari. However, Ejari is an online platform by RERA that records all the information and transactions related to leasing and renting spaces. It is compulsory to register with Ejari and get your tenancy contract plus your unique Ejari code. You need to present these along with other necessary documents to complete the registration of your company.
6. Submit All Documents
Draft and sign Memorandum of Association and Article of Association. You will have to present it to the court to get initial approval. Furthermore, sign an agreement with a Local Service Agent and submit all the documents of your company. You will be provided with an initial approval letter that will help you acquire your trade license. You will have to pay a one-time registration fee to the DED of around AED 3,000.
7. Fill Trade License Application Form
Apply for your trade license. As per the UAE laws, you can apply for any one of these, a commercial license, industrial, or a professional license. Submit all the required documents along with the initial approval certificate with DED. Once all your documents are inspected and approved, the DED will send you a confirmation message or mail.
8. Make Payment for Trade License
You need to pay the required license fee of around AED 10,000 to the DED through the provided payment voucher sent via email. Make sure to complete the payment within 24 hours after you receive your trade license. If you fail to do so, the DED will cancel your trade license.
Connect With Shuraa
With the constant support of legal authorities, you can complete all the formalities and finish the registration process of your company within 4 to 5 working days. But, to make the process seamless, it is better to seek help from company formation experts. The business consultants at Shuraa Business Setup are experienced with company formation legalities and the paperwork involved. Give us a call and we will assist you throughout the whole process of your UAE company register.
Connect with Shuraa today by calling us on +971 44081900. For chat assistance, send a WhatsApp message on +971 50 777 5554. You can also write to us at firstname.lastname@example.org.