Process for registration of any kind of business in Dubai
Dubai economic development department has classified all the activities under the different heads. The prospective investor has to choose the activity group.
To establish LLC, as per the Dubai government law, it is compulsory to keep one UAE national as a partner in the company. So the prospective investor has to choose the one UAE national (sponsor) as a partner in the company.
After selecting the activity group and the local national partner (sponsor), investor has to take initial approval from the Department of Economic Development Dubai.
After having the initial approval, the investor has to select the trade name of the company and has to take the trade name approval from the Department of Economic Development Dubai.
After taking the trade name approval, the investor (partners) and the sponsor has to register LLC contract- a memorandum in the Dubai court.
The investor has to select a proper business place and bring the tenancy contract along with the location plan, which has to be approved by planning and civil defense departments in Dubai Municipality.
After executing the LLC contract in the court, the authorized partner has to open a bank account and deposit the capital required to register a company in this account. Then the authorized person has to obtain a letter from the bank mentioning that the partners have deposited the specific amount in the bank.
After that the partners have to obtain an auditor’s report mentioning that partners have deposited the capital amount required to register a LLC.
After processing all above documents, the partner has to submit (these documents) in Department of Economic Development Dubai and after due scrutiny, the department will issue a trade license on payment of the required fees.
After obtaining the trade license, the partner has to open an immigration and labor computer card.
The partner can now apply for the investor visa by depositing the required amount.
For some specific activities, some special permissions are required, like advertising, tourism, gold and jewelry, money exchanges, medicines trading etc.
