Understanding the Steps of Company Registration in the UAE?

If you opt for a company registration in the UAE, it is a strategic move that helps in setting up new businesses under the legalities defined in the region. Company registration is also the first step to opening a business, providing employment, and adding to the economic activity of the UAE. 

However, it is important to note that the company registration process is very crucial and having expertise helps. No matter where you set up the business, the company registration process is often the first and most important step for business growth and promoting economic stability. In this post, the company registration process or steps are explained in detail. 

The Steps to Register Your Company 

1. Define Your Business Type, Purpose, and Structure 

The first step in the process is understanding the structure of the business, which can be a free-zone company, LLC, or an offshore company. The appropriate selection of the structure heavily relies on the type of business activity, number of shareholders, capital requirements, and the type of commercial activities that need to be undertaken. 

2. Reservation of the Company Name 

The next step in the process is deciding on the company name as per the legalities, like it must not be like another company already operating, etc. To make sure that the company’s name is not used anywhere, the availability of the name must be checked by the Dubai Economic Department (DED) or any authority, as stated from time to time. 

The name must follow these considerations: 

• It should not incite violence or disturb the morale of the public.
• The business name must reflect the activities conducted by the business; a spa company cannot make a name that shows FMCG operations.
• The names should not be derogatory to public figures or local politicians. 

3. Apply for a Business License 

The next step in the process is that, as per the name chosen, the business must apply for a license. The three types of licenses you might opt for are as follows: 

• Commercial license for businesses that are dealing with trading
• Industrial license for those businesses which are dealing with production activities and other industrial operations
• Professional license for offering specific services like artisanal works or technicians working on themselves. 

4. Open a Bank Account 

If the local authorities approve the license for your firm, you must open a corporate bank account. This is important as opening a bank account in the name of the company helps in sending or receiving money related to the company’s affairs. 

What are The Documents Required for Registering Your Company?

These are some of the documents which you must keep for registering your company:

• Shareholder’s passport details (original passport): shareholders consist of a board of directors of the firm
• National Identity Cards of the Shareholders as applicable
• Bank statements, credit cards, or utility bills (as applicable) must verify the name and residential address of the shareholders.
• Memorandum letters like MOAs (Memorandum of Association) or AOAs (Articles of Association), whichever is applicable
• Board resolution that must contain details regarding the branch or subsidiary nominating an authorised manager 
• Share capital information 
• Contract of appointment

Final Words 

An experienced company like Consulting.AE helps you get easy documentation and registration without any hassles. From consultation to final registration and ongoing support, the best companies will always help you get the best solutions as per your needs!

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