Dubai Incorporation means the formation of entity in the Dubai. Dubai is one of the lucrative places for registering the business because of its effective tax structure but the process of registration in Dubai is complex and difficult. In terms of the law of Dubai, foreigners are allowed only to the extent of 49% ownership in its Limited Liability Company (LLC).
Trade License is the mandatory requirement to start a corporation in Dubai. Commercial License, Industrial License and Professional License are the three types of trade licenses. Commercial Licenses are meant for trading businesses. Industrial Licenses are meant for manufacturing businesses and Professional Licenses are meant for service providers.
A few considerations are necessarily needs to be made before you go ahead with the plan of starting a Dubai Corporation. Ensure that you are ready with the decisions of the following points:
- Self Attested and Notarised Copy of Passport of Shareholders and Directors
- Memorandum and Articles of Association
- 1 Passport size Photo in softcopy of Directors and Shareholders.
- Utility Bill
Application check filing for Name Approval.
Preparation of Byelaws of corporation (Articles of Association).
Filings of documents with Trade Registrar.
Issuance of Certificate of formation.
Open Bank Account and start operations.
Trade License is the mandatory license to start a corporation in Dubai. Commercial License, Industrial License and Professional License are the three types of trade licenses. Commercial Licenses are meant for trading businesses. Industrial Licenses are meant for manufacturing businesses and Professional Licenses are meant for service providers.
Free Zone Company is the company which permits the foreign owners to own 100% in the company as compare to the LLC which only allows 49%.
The minimum number of shareholders is 2 and maximum can be 50 in a Dubai based LLC.
Yes, we need the local person or professional competent firm to register the corporation in Dubai in case of LLC.
No, physical presence is not required. Proper documents are needed to form a corporation in a soft copy which needs to be uploaded online at the time of formation of corporation.
Director and Shareholder may or may not be a same person so a person can be a shareholder without or with being a Director or vice versa.
Startupfino is working with Startups since last 10 years with an unparalleled experience of helping fast growing startups. Our Success can be witnessed through the numbers given below.