Do you want to set up a business in Dubai? -SETUP A COMPANY

If you are looking to set up a business in Dubai, the first step is to identify exactly what business activities your company will be into.

There are about 2,100 designated commercial activities in Dubai and not all of them can be carried out everywhere. For example, only Limited Liability Companies are permitted to be established in free zones, and business activities like banking / finance / investment cannot be carried out by a Limited Liability Company. So that would mean you have to open your company on the mainland and not in a free zone if you wanted to engage in banking / finance / investment.

There are about 30 free zones in Dubai, and there is a dedicated free zone for about just every type of business activity. For instance, there is the Gold and Diamond Park for jewellers. It is spread over more than half a million square feet and has 800 basement car parking spaces. This is where the whole of Dubai comes to shop for gold and diamond jewellery, as well as precious gemstones. With only 76 retail stores at present, competition is also quite low.

So you can see how Dubai offers a competitive business environment to be in. For business setup in Dubai, it is recommended that you get in touch with a company formation specialist, who will lend his/her expertise and let you whether the mainland or a free zone would be best suited for your business. Someone who specializes in company formation in Dubai can help you draw up the company formation documents and get them attested by a Notary Public, so that they have legal validity in the United Arab Emirates.

For a company on the mainland, you also need to lease suitable commercial space. You need to enter into a Tenancy Agreement with the landlord and get it registered so that it becomes a legally binding Tenancy Contract. The address of the commercial space leased becomes the registered office address of your company as per official Government records once company registration is granted by the Department of Economic Development, Dubai. A company formation expert can help you with this as well.

*The Tenancy Contract is replaced by a Lease Agreement in free zones.

There is more a company formation specialist can do for you. Prior to drawing up the company formation documents, he/she can run a search to see if the name you have in mind for your company is available. He/She can also reserve the trade name (the name of your company) so that when you apply for company registration, it will be granted exclusively to you and not anyone who may apply for the same trade name before you.

SetUpACompany.ae is a provider of business setup services in Dubai, United Arab Emirates. It has years of experience with company setup in Dubai and the rest of the United Arab Emirates. It has a team of experts that specialize in Business Consulting, Tax Advisory, Legal, and Corporate Finance. To date, it has also been of professional assistance to clients from 100 countries around the world. It has an excellent client satisfaction rate so far, and can be contacted at +971 50 427 3503