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Decide on Business Type and Activities: Determine the type of company you want to establish (e.g., mainland company, free zone company) and the specific business activities you plan to engage in.
Choose a Company Name: Choose a unique and appropriate name for your company, keeping in mind the naming regulations of Dubai and the UAE.
Select a Business Location: Depending on the type of company, choose a suitable location within Dubai. Dubai offers various free zones, each with its own advantages and regulations.
Determine Ownership Structure: Understand the ownership structure allowed for your chosen type of company. Some types of companies require local sponsorship or partnership with a UAE national.
Obtain Necessary Approvals: Depending on your business activities and location, you may need approvals from relevant authorities, such as the Dubai Department of Economic Development (DED) or the relevant free zone authority.
Prepare Legal Documents: Prepare the required legal documents, including Memorandum of Association (MOA), Articles of Association (AOA), and other relevant incorporation documents. These documents outline the company's structure, activities, and other essential details.
Submit Application: Submit your application and required documents to the relevant authority. This might be the DED if you're setting up a mainland company or the chosen free zone authority if you're establishing a company in a free zone.
Issue Trade License: Upon approval of your application, you will receive a trade license that permits you to conduct your business activities legally.
Lease Office Space: Secure office space in the chosen location as per the regulations. Some free zones offer flexi-desk options, while others require a physical office.
Complete Immigration Formalities: If you plan to hire employees, you'll need to complete the necessary immigration and labor procedures, including obtaining work visas for your staff.
Open Bank Account: Open a business bank account with a UAE bank. This is essential for conducting financial transactions related to your business.
Register for Taxation: Understand the taxation regulations and register for VAT (Value Added Tax) if applicable to your business activities.
Comply with Regulations: Ensure ongoing compliance with local regulations, including renewal of licenses, visas, and other permits.