Business Setup and Business Advisory Start your UAE Company today!
Business setup in UAE is a futuristic and insightful business decision for the following reasons:
- The UAE is a growing and diversified market with high global demand for imports and exports, and vast opportunities for suppliers
- The country bears a strategic geographic location in a resource-rich region
- The UAE has easy access and global connectivity with over 90 airlines and 170 shipping lines
- Above all, the commerce in the UAE is based on free trade barriers (no quotas or exchange controls)
- The country levies no tax on personal, capital or corporate income, and allows 100% repatriation of capital and profits
- The real estate and freight charges are competitive
- There are no currency restrictions on the exchange of money
- The energy supply is abundant and low-priced
- The populace in the country is educated and skilled, so the place is favorable from the standpoint of hiring workforce – not that there are any restrictions on hiring foreign nationals
- The transportation system throughout the UAE is well developed
- The infrastructural advancement in the UAE is no secret – its plush real estate, state-of-the-art telecommunication systems, and dependable power supply & other utilities are a fertile breeding ground for business entities
- There is top-notch accommodation for residential and office purposes, with cutting-edge venues for exhibitions and conferences
- The financial and services sector in the UAE is remarkably developed, especially suited to complement the business milieu in the region
- The nation has a cosmopolitan lifestyle with first-rate educational institutions, medical facilities, hotels, and shopping complexes
The United Arab Emirates (UAE) is a federation of 7 Emirates: Dubai, Abu Dhabi, Sharjah, and Ajman, Ras al-Khaimah, Fujairah and Umm al-Quwain. In the last few decades, the UAE has become a hub for international trade. Lifestyle, corporate structuring, and infrastructure have made the UAE a corporate business hub and meeting point of the north & west. The UAE is known for its progressive policies and business-friendly milieu. This coupled with the presence of over 50 free zones and a lucrative tax regime attracts extensive foreign investment every year. Why Set Up Your Business in UAE? UAE is a developed economy that offers a favorable business environment, world-class infrastructure, nifty amenities, flexible government norms, and efficient quality services to all incoming businesses, irrespective of their country of origin. Company Formation in UAE Tradex is conversant with the company formation laws and regulations in the UAE and can help you set up your business here, availing the required license. You can choose from among a free zone, mainland or offshore company in UAE.
The process of Company Formation in UAE
Steps for Company Setup in UAE
- Find a local sponsor to act as the service agent for your business in the UAE
- Decide upon the economic activity and, based on that, the legal form of your business
- Submit an application for company registration to the Department of Economic Development (DED) with a suggested company name
- Obtain a trade license by submitting the company’s documents to the DED or the Chamber of Commerce and Industry
- Get the company’s Memorandum of Association (MOA) notarized
- Register the trade name
- Apply for an Establishment Card
- Obtain the initial and special approvals
- Sign the MOA and lease agreement in front of a public notary
- Obtain location and inspection approval from the Municipality
- Get document processing done to get a payment voucher issued
- Pay the license fee to get a trade license issued
- For hiring employees, get an approval from the Name Board and Ministry of Labor
Documents Required for Company Setup in UAE
- Certified copy of tenancy contract
- Photocopies of visa, passport, No-Objection Certificate (NOC), residency certificates, land map or ownership certificate, national ID and family book
- Approval document from the Legal Affairs Department
- Approval documents from the Ministry of Economy and other government entities, if required
- License form
- Partnership contract certificate from a public notary
- Photocopies of Technical Evaluation Report
- Trade name certificate
- Stamped visa from the Immigration Department