Company Registration In Dubai

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A Detailed Guide on Company Registration in Dubai
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Are you thinking of venturing out and starting
your own business? Look no further than Dubai!
This dynamic city has become a haven for
entrepreneurs, reported to be boasting over
652,885 registered private companies as of June
2023.

• Also, in the first nine months of 2023, Dubai
  Chamber witnessed a surge in new member
  companies, with a remarkable 42.9 increase
  compared to the same period in 2022. This means
  48,616 new companies were registered, compared to
  34,029 in the previous year
• as showcased in the above image.
• Thats a massive network of potential customers,
  collaborators, and partners waiting to connect!

Lets Talk About the Growth in New Business
Licenses in Dubai
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After a stellar 69 growth in new business
licenses issued in 2021, the momentum continued
in Q1 2023 with another remarkable increase of
over 30 compared to the same period in 2022.

• These statistics tell that Dubai has a vibrant
  and constantly expanding business environment,
  ideal for those seeking to capitalize on this
  wave of success.
• Are You Concerned About Navigating the Setup
  Process in A New Country?
• We at Safari Star can help you understand all
  about Dubai company registration. We create a
  launchpad to propel your entrepreneurial dreams.
  With our established network, explosive growth
  opportunities, and streamlined setup process we
  offer a winning formula for any ambitious
  go-getter.

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So, How to Register a Company in Dubai?
With this informative guide, get ready to learn ab
out the setup process, licensing requirements,
necessary documents, and the various Dubai
company registration fees.
Here are the 10 steps involved in registering
your company in the region 1. Selecting Your
Jurisdiction / Business Structure The initial
step involves choosing the legal framework for
your business. Popular options include Limited
Liability Companies (LLCs) Ideal for onshore
businesses with majority ownership by local
partners. Free Zone Companies Offer greater
ownership flexibility and operate within
designated free zones with specific
regulations. Branch Offices Establish a local
extension of an existing foreign company.
Representative Offices Serve as a marketing and
liaison point for a foreign company.
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Each structure is distinct and you need to
carefully consider them based on your business
goals. At Safari Star our team of legal experts
will analyze your business objectives and
recommend the optimal legal structure to maximize
your success in Dubai. We provide detailed
explanations of each structures characteristics,
ensuring you make an informed decision.

• 2. Defining Your Business Activities
• Once the legal structure is chosen, clearly
  define your core business activities. Selecting
  the right activity is paramount, as specific
  activities might necessitate additional licenses
  or permits.
• Our experts at Safari Star possess in-depth
  knowledge of Dubais business environment and
  regulations. We can assist you in identifying the
  appropriate activity codes that accurately
  reflect your operations. We can also advise on
  any potential licensing requirements associated
  with your chosen activities.

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3. Crafting a Unique Company Name
Choose a name that resonates with your brand as
well as adheres to UAE naming regulations. To
ensure availability, you can verify its status on
the Department of Economic Development (DED)
website and we can help you too! Safari Star can
assist you in brainstorming a shortlist of
company names that comply with UAE regulations
and effectively represent your brand. We will
handle the availability check with the DED,
ensuring you secure your desired company name. 4.
Securing Initial Approval Following the
selection of a company name, acquire initial
approval from the DED. This necessitates
submitting your business plan, chosen company
name, and other relevant documentation. Our team
at Safari Star will prepare your initial approval
application, adhering to the DED requirements.
We will coordinate with the DED on your behalf
and ensure a smooth application process.
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5. Drafting the Memorandum of Association (MOA)
The MOA serves as the foundation document for
your company. It outlines your companys
objectives, shareholder structure, capital
allocation, and other essential details. Safari
Stars legal team will draft a clear and
comprehensive MOA that safeguards your companys
interests and adheres to UAE corporate governance
regulations. 6. Securing Office Space For
establishing a mainland company, securing a
physical office space in Dubai is mandatory.
Free Zone companies, on the other hand, typically
have office space provided by the free zone
authority or can opt for flexi desks. Safari
Star can leverage its extensive network to help
you find suitable office space that aligns with
your budget and operational needs.
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7. Obtaining a Trade License
With initial approval secured, proceed with
applying for a trade license from the DED. This
process involves submitting your companys MOA,
lease agreement, and any other supporting
documents. Safari Star will efficiently navigate
the trade license application process, ensuring
all necessary documents are compiled and
submitted accurately. We will represent you
throughout the process and ensure timely
communication with the DED. 8. Registering with
the Federal Tax Authority (FTA) Company
registration with the FTA is mandatory. This
process results in obtaining a Tax Registration
Number (TRN), ensuring compliance with UAE tax
regulations. Safari Stars tax specialists will
guide you through the FTA registration process
and ensure your company obtains its TRN
efficiently.
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9. Registering with the Ministry of Human
Resources and Emiratisation (MOHRE)
Registering your company with MOHRE enables
acquiring a Labor Card, ensuring adherence to
UAE employment regulations. We at Safari Star
simplify MOHRE registration by handling the
paperwork, guiding you on the appropriate Labor
Card type, liaising with MOHRE on your behalf,
and ensuring visa and work permit
compliance. 10. Establishing a Corporate Bank
Account Finally, establish a dedicated bank
account in Dubai to facilitate your companys
financial transactions. While Safari Star cant
open a corporate bank account for you directly,
our consultants can simplify the process. We can
recommend suitable banks based on your needs,
help gather the required documents (trade
license, MOA, etc.), and potentially leverage our
network for introductions to banking
representatives, expediting your account opening
journey.
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Dubai Company Registration Essential Documents
The documents required to register a company in
Dubai can vary depending on the chosen business
structure (LLC, Free Zone, etc.). Heres a
general checklist to get you started Identificat
ion Passport copies and visas for all
shareholders and directors. Proof of Address
Verification documents for directors and
shareholders residences. Trade Name
Reservation A copy of your reserved trade name
certificate. Initial Approval A copy of the
Department of Economic Development (DED) initial
approval. Company Formation Documents Copies of
the Memorandum of Association (MOA) and Articles
of Association (AOA). Office Space A copy of
your companys office lease agreement. Landlord
Approval A no-objection letter (NOC) from the
office space owner. Fees Proof of payment for
initial approval, trade license, and other
associated fees. Company Stamp A company stamp
for official documents.
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Additional Potential Requirements
Financial Documents Bank reference letters for
shareholders and proof of share capital deposit
in a UAE bank (amounts may vary). Company
Resolutions Board resolutions authorizing
shareholder company formation and director
appointments. Legal Representation Power of
Attorney for the companys legal representative
(if applicable). Existing Company Status
Statement of Good Standing certificate (if a
shareholder is an existing company). Starting
Cost of Company Registration in Dubai (An
Estimate) Please note that the actual costs can
vary depending on several factors, including
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Chosen business activities (specific licenses
might incur additional fees) Number of visas
required
Location and size of office space (for mainland
companies) Free Zone selection (Free Zone
companies can have varying fees depending on the
specific zone) At Safari Star we can create
customized packages with varying inclusions and
exclusion, depending on your need and budget.
There will be other costs associated with
bank account opening, accounting services, and
other ongoing operational needs that are not
included in the above table. Safari Star For
Your Professional Assistance While outlined here,
the company registration process in Dubai can
involve intricacies that might necessitate
professional guidance. Consulting a qualified
service provider such as Safari Star can
streamline the process and ensure a smooth
registration experience.
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Mailing Address
Business Central Towers, Tower B, Floor 12, 1206B
Dubai Internet City, Dubai, United Arab
Emirates. Email Address info.sa_at_safaristar.net P
hone Number 97144508213
Contact us