Thank You for Wanting to Set Up a UAE Business

How To Register A Company In Dubai: 6 Tips To Avoid Shock!

How to register a company in Dubai: Completed documents, UAE vs other countries, costs and budget, time depends on, steps to be taken, bank accounts. Get a quote now!

1. How to register a company in Dubai: What documents you should expect at the completion of your process?

How to register a company in Dubai: To start your business and move to Dubai or any other city in the United Arab Emirates [UAE] you should at a minimum have the following documents:

  • A 2 or 3-year renewable Investor or Employment visa stamped in your passport
  • An Emirates ID card
  • A company and a personal bank account
  • A company Trade License [business license] that permits you to do the activities you want to do
  • A company establishment card that allows you to apply for visas
  • A lease agreement, registered with the authorities, for your office or desk space or shared office or other facilities from where you are supposed to conduct your business

Other conveniences that can be obtained as necessary are:

Yes, you will be able to set up your business and move to the UAE within the next 2 to 6 months.

How To Register A Company In Dubai: 6 Tips To Avoid Shock!
Varal Team Members, CEO & Managing Director

How to register a company in Dubai: Get a free quote by filling your details in the form on the right and get advice and guidance in registering a company

2. Benefits of being in the UAE vs other countries

In most other countries e.g. the UK, USA, Australia, Canada, Singapore, Cyprus resident visas revolve around investment in government-approved securities or real estate. The costs, time taken and the hurdles you’ll face are significantly higher.

In the UAE, resident visas revolve around company ownership which you can achieve at a fraction of the cost and time. Also, you don’t need to be in the UAE for long periods of time before you become eligible.

You merely need to register a company.

For Tax Residency certificates though you will be required to be in the UAE for 183+ days per year.

How to register a company in Dubai: Get a free quote by filling your details in the form on the right and get advice and guidance in registering a company

3. Typical range of costs you should budget for

Yes, the costs are small for moving and setting up an entity in the UAE when compared to other foreign countries!

The costs related to starting a business in the UAE range from AED. 40,000 to 500,000+ [US$ 11,000 to 150,000+] depending on

  • The type of activity you wish to do
  • Your shop, restaurant or office rent
  • Costs of licenses, customs registration, and additional ministry approvals
  • The number and types of visas you need
  • Attestation costs for degrees and other documents
  • Where in the UAE you choose to register your business

Your smallest budget options are for trading or consultancy licenses with 1 visa and they are the quickest to form.

Those requiring additional ministry approval e.g. clinics, tourism, manpower supply, restaurants, financial and training firms, take more time and cost more money.

Also, companies formed outside the Emirate of Dubai are cheaper than those formed within Dubai.

How to register a company in Dubai: Get a free quote by filling your details in the form on the right and get advice and guidance in registering a company

How To Register A Company In Dubai: 6 Tips To Avoid Shock!
Varal CEO & Managing Director

4. Typical time it will take and what it depends on

Yes, the time taken for you to move to the UAE is much less than what it would take for other countries! You should budget for 3 to 6 months.

It depends on the type of business activity, the number of approvals required, and the type of business facility you are going to need.

If it’s just desk space for 1 visa, then the time required would be a few days compared to the few weeks you may need to find a good location for your restaurant or clinic.

For example, if you are starting a clinic that requires approvals from the Health Department. The total process just for the approvals for clinic license, doctor’s qualifications & license, facilities and fit-out may take you 6 months or more!

How to register a company in Dubai: Get a free quote by filling your details in the form on the right and get advice and guidance in registering a company

5. Steps that will need to be taken

Yes, starting the process is simple. You only need your passport and a proof of address document to get started. You will need a decision on which activity you want to do and how many initial visas you want.

Some of the subsequent steps

  • Decisions on company name and company shareholders & directors
  • Application forms have to be filled
  • 3rd ministry approvals to be taken if required
  • Facility or desk space to be rented
  • Payments
  • Bank visits

There are thousands of choices and your registration agent will help you get to where you want to be.

More than 2,000 business activities are licensed by the 40+ different free zones and economic departments. So you will definitely be able to find the one you wish to do.

How to register a company in Dubai: Get a free quote by filling your details in the form on the right and get advice and guidance in registering a company

How To Register A Company In Dubai: 6 Tips To Avoid Shock!
Varal Managing Director

6. How to register a company in Dubai: Business and personal bank accounts

Yes, it will be possible to open your business account as soon as your business license is obtained. And your personal bank account once your investor’s visa is stamped in your passport.

There is excellent representation from both foreign and local banks.

Foreign banks are governed by both their head office regulations as well as the UAE central bank whereas the local banks only need to comply with the UAE central bank’s regulations.

Certain types of licenses have more difficulty in opening accounts. UAE Anti-Money Laundering policies have tightened document requirements and the time taken.

Your company registration agent may be able to recommend one.

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Thank You for Wanting to Set Up a UAE Business was last modified: February 3rd, 2020 by Ramapati Singhania

Ramapati Singhania

He strives for excellence in all he does and brings out the best in his people through guidance, a strong vision and support. He is exceptionally open-minded, flexible, dependable, understanding and straightforward in all words and actions and encourages personal as well as professional growth.

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