Company Formation

Company Formation

Company Formation
Registering a Business
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COMPANY FORMATION

The UAE offers investors three options for registering a business: mainland (onshore), free zones (self-regulating emirates) or offshore. Choosing where to locate your company’s presence in the UAE will be easy when you work with us. UAE banks do not open new accounts to offshore companies, so practically there are only two real options.

Simplified Company Formation Process: Five Key Steps

Although the technical, administrative, and financial aspects of company formation in the UAE can seem intimidating, following a simple step-by-step process with the right support, is far more straightforward and affordable than you might expect. We have assisted many companies in establishing themselves in various free zones and can break down the process into five basic steps.

Navigating the intricacies of company formation in the UAE becomes a streamlined and cost-effective endeavor with our support. Trust us to simplify the process, allowing you to focus on your business’s core activities while ensuring compliance and strategic growth.

Step 1. Choose your business activity

A business’s nature affects which free zones it can or should operate in. A free zone that primarily permits certain businesses, such as media, medicine or transport, is often a good idea, regardless of the restrictions. Also consider the transportation links. Your business will probably benefit greatly from free zones located near airports or ports if it relies heavily on imports and exports.

Step 2. Choose your company name

Identify a company name that adheres to the UAE naming conventions before you commit. It is forbidden to use names with offensive language, as well as names that refer to Allah, Him, or to any other religious, sectarian, or political group, such as the FBI or Mafia. If you are naming your business after a person, it must be their full name and not an initial or abbreviation.

Step 3. Finalise All Incorporation Paperwork And Submit The Documents

As part of your application, you are required to provide a copy of shareholders’ passports along with your company name and activity. In some free zones, you will need more documentation, such as a business plan or a Non-Objection Certificate (NOC), which you can obtain from your current sponsor. Our business setup consultants in Dubai can assist with the paperwork and advise you accordingly.

Step 4. Process Your Visa

Finally, company formation ends with the last step. Several free zones allow you to apply for staff and dependents as well as your own visa. The exact number will depend on which free zone you choose to set up your business in. The entry permit process includes four simple steps: status adjustment, medical fitness test, Emirates ID registration, and visa issuance (recently that has been changed to an electronic form).

Step 5. Open A Bank Account

As soon as your paperwork is returned to you with the issued licence, you will be able to open your corporate bank account. A number of local and global banks operate in the UAE. During our business setup services, we’ll help you meet with financial institutions to decide which option is best for you.

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