Forming a company in Dubai involves following certain procedures and regulations set by the government. The process can vary depending on the type of company and the location. Generally, the steps for company formation in Dubai include:
Choose a company name and register it with the Department of Economic Development (DED).
Obtain a trade license from the DED or the relevant free zone authority.
Decide on the type of legal structure for your company, such as a limited liability company (LLC), free zone company, or offshore company.
Obtain any necessary approvals or permits from relevant government agencies.
Register for VAT with the Federal Tax Authority (FTA) if your company's annual revenue is above a certain threshold.
Obtain any necessary work permits for yourself and any employees.
Find and secure a physical location for your business, whether it be renting a commercial space or setting up in a free zone.
Open a corporate bank account.
It is important to seek professional advice and consulting services to navigate the process, choose the appropriate legal structure, and comply with the regulations. Some of the firms in Dubai can provide you with the full range of services related to company formation, including legal, accounting and sponsorship services.
