What you need to know before payment
- Identifying a business activity;
- Selecting an appropriate legal form;
- Registering the trade name;
- Applying for an initial approval;
- Drafting a Memorandum of Association and local service agent agreement;
- Select a business location;
- Get additional government approvals;
- Submit documents and pay fees.
Identify business activityBusiness activity is the basis for selecting the legal form and type of license, whether commercial, industrial or professional, etc. There are six types of licences. They are: industrial, commercial, professional, tourism, agricultural and occupational.
One of the first and most important steps when starting a business in Dubai is choosing the type of activity. There are 2445 of them in the UAE, so you will definitely find one or more that meet all the requirements.
Select the legal formThe legal form depends mainly on the business requirements. Moreover, the legal form is basis for identifying applicable laws and regulations. In the UAE, an investor can select one of these legal forms:
- General partnership;
- Limited partnership;
- Limited liability company (LLC);
- Public joint stock company (PJSC);
- Private joint stock company (PrJSC);
- Civil company;
- Local company branch;
- GCC company branch;
- Foreign company branch;
- Free zone company branch;
- Sole establishment;
- Holding companies.
Note: the legal form of the business must match the business activity.
Register a trade nameA trade name distinguishes one business from another. It also reflects the nature and form of the business. There are several additional factors to keep in mind here. Most importantly, your name should not be similar to the name of any other company, and it should not be offensive or blasphemous.
Note: after the trade name, your organizational and legal form must necessarily go (Example: SONA Holding LLC).
MOA and LSADepending on the organizational and legal form of the enterprise, a completed and signed foundation agreement (MoA) or an agreement with the local service agent (LSA) of the enterprise is required. A foundation agreement is required for the following organizational and legal forms of business:
- Limited partnership;
- Limited liability company (LLC);
- Public joint stock company (PJSC);
- Private joint stock company (PrJSC).
Get your resident visaYou will also need a visa to the UAE to do business on the mainland in Dubai. We will help you in this process.
Select the location of the companyAll businesses in the UAE must have a physical address to conduct business. Commercial premises and their location must comply with the requirements established by the Department of Economic Development (DED) of the relevant emirate, as well as the rules of land management of local municipalities.
It is necessary to provide an office and warehouse rental agreement. Some emirates require agreements to be certified. In Dubai, the agreement (RERA) must be registered with Ejari.