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How to Start a Business in Dubai?

Thinking of how to start a business in Dubai? TQM Marketing Management will help you set a business in Dubai, meeting all your requirements and the UAE law. Both economic and political stability plays a vital role in the overall progress of any region or country. Dubai has a very professional approach to banking systems and industrial relations. And the liberal policies adopted by the government are business-friendly. The advantage of being an open and free economy invite large scale investments to Dubai.

World-class infrastructure facilities in Dubai in the field of telecommunications, energy, aviation and transport help Dubai attain a special place in the minds of investors. Dubai’s stringent and proactive policymaking substantiate its flawless and abundant infrastructure development.

The cultural diversity of Dubai with a huge number of its expatriate population serves as a catalyst to Dubai’s growth.Setting up a company in Dubai is not at all time-consuming as many would think. Once the documentation and approvals are accomplished, the company registration can take place in a week. We, at Kiltons, guide you through the essential formalities and its successful fulfilment through optimal business set up services.

Here are the necessary formalities to set up a business in Dubai.

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Here are the necessary formalities to set up a business in Dubai.

  • Find your sponsor
    One of the major requirements to start mainland company in Dubai is finding a Sponsor. The sponsor must be a UAE national. The sponsor has a dual role of being your company’s service agent and at the same time sleeping partner.

    The investor needs to pay a yearly sponsor fee. The sponsor’s role or responsibility linked to your business should be defined and signed via an agreement.

    The Sponsor issues a “No Objection certificate” and this is mandatory for the investor to start the operations.
  • Memorandum of Association

    The next step is to formulate your company’s Memorandum of Association. The MOA is nothing but a list of operational guidelines that your company should follow. The company must strictly abide by these guidelines regarding:

    Company purpose

    Investment of capital

    Share

  • MOA notarization
    The Department of Economic Development (DED) should notarize the MOA. Once the MOA gets notarized you get the initial approval. You may avail the services of a consultant or a lawyer for MOA notarization.
  • Trade name registration
    Now you may find an appropriate Trade name for your company. The next step is to get your trade name registered under DED. The name should be distinctive and significant enough to get the approval. DED has the full right to discard your trade name if it has already been selected by another company.
  • Get your Office space
    An office space or registered address is compulsory for mainland company formation. Address of the Registered Agent can be provided for Offshore Company formation purposes.
  • Trade license application

    After filing the Trade License application, the DED issues the license based on your business endeavour. There are various types of trade licenses like Professional License, Industrial License, Commercial License and Tourism License.

  • Remit the license fee

    The license fee can be remitted at the Commercial Registration Department and DED after final submission of the documents.

    7 days or a week is sufficient enough to complete the entire company registration process.

    The instructions mentioned above give a very basic idea about how to set up your business in Dubai. If you are new to business set up or a new investor planning to invest in Dubai, it is advisable to entrust the company registration tasks to a reliable and experienced consultant. TQM Marketing Management Business Set up Services can save you precious time and energy in this regard. We undertake company registration, Accounting, Sponsor services and all other formalities with utmost sincerity and responsibility. Over the years we have served small, medium and large business establishments to secure a foothold in Dubai and UAE market.

    Any queries or doubts regarding Company formation, feel free to contact TQM Marketing Management business setup consultant ASAP.

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