Step 1: Identify the Business Nature
First step consists of identifying the nature of the business for the registration as there tend to be more than 2000 different economic activities listed for registration.
Step 2: Select Business Structure
Once the activities have been identified in the business, it is time to select the most suitable business structure for the registration process as different business structures offer different benefits and compliances.
Step 3: Trade name Registration
The company name, or trade name, needs to be distinct and not rhyme with the name of any other company that has already been registered. Through the Department of Economic Development of the selected emirate, you can apply in person, online, or through a smart application.
Step 4: Initial Approval
The UAE government's "no objection" to a certain firm being created in the nation is known as an initial permission. The investor can now move forward with the next phases of business setup and wait for the authorities to grant the license, thanks to this approval. Nonetheless, it does not provide the investor authority to manage the company or carry out the business activity.
Step 5: Prepare Documentation
If the company is organized as a limited liability company, civil corporation, public shareholding company, or private shareholding company, a Memorandum of Association (MOA) is necessary. If the business is a sole proprietorship, a local service agent agreement (LSA) is necessary.
Step 6: Business Location Selection
In order to conduct business in the UAE, all companies need a physical address. The company's site and facilities must adhere to the emirate's Department of Economic Development's criteria as well as any local municipalities' or other appropriate authorities' zoning laws and regulations. The Ejari site of the Dubai Land Department is where the tenancy contract for office or warehouse space must be recorded in Dubai.
Step 7: Other Government Approvals
In certain instances, further permissions from governmental bodies in charge of specific commercial operations are needed such as from the Ministry of Interiors, Ministry of Justice, Local Municipal Department, etc.
Step 8: Documents Submission
Once all the documents have been prepared, you may submit all of them along with the application. The documents include Copy of lease contract, duly attested.
Step 9: License Procurement
After the submission of documents with the application, you can obtain the business license on their website or at the economic department's service centers if no objection has been made.
Step 10: Company Registration with Chamber of Commerce and Industry
After the procurement of License, you may register the company with the chamber of commerce and industry. However, the company must register in the same emirate in which it was incorporated.
