For international investors looking to start up a business in the UAE, there are many choices available. Holding a company in Dubai, United Arab Emirates, however, is the best choice if they are specifically seeking for a business structure where they may create and hold the investment in subsidiary business organizations.
The majority of these investors chose Dubai company registration over the other six emirates.
Some of the major factors that make the UAE or Dubai a tempting option for foreign investors to launch a business include the ease of doing business, being connected to the East and west world, and accessibility to a pool of talent from around the world.
E-business categories that are eligible for registration in Dubai
Creating an e-portal to advertise goods for sale online is referred to as creating an e-marketplace. Consider online storefronts like Amazon and Flipkart as an example. Therefore, you need an e-portal if you want to launch a business of a similar nature.
Through the development of a website, the e-commerce portal can be used as an additional feature. Therefore, this online store makes it possible for customers to purchase goods from anywhere in the world or in any geographic region. Thus, this makes it possible to trade anytime, anywhere through a direct connection between buyers and sellers.
● Commercial/ Service Licensing
When you set up a traditional firm, it has nothing to do with e-commerce and does not prevent anyone from selling goods online. Both online and offline sales channels are acceptable for product distribution.
The Best Tactic To Accelerate Company Registration In Dubai Procedure
Select a legal structure for the company
You must first choose the structure of the firm before beginning the registration process for your company in Dubai. Limited Liability Companies can be established on the mainland to take advantage of the regional markets. This is useful since you can now have 100% foreign ownership of your business. The company law has been amended by the UAE government to allow for more than 1000 company operations to obtain full ownership.
Therefore, a local service agent may assist you in obtaining all required licenses and permits. Additionally, he won’t own any shares of your company. The local government will give all of these approvals and licenses if you are starting a business in the free zone. In Dubai, free zones also offer 100% business ownership.
Choosing a trade name for the company
The next vital step in establishing a company in Dubai is registering a trading name.
After describing all of your business activities, choose a name for your company. Follow every naming guideline that the government has provided. This will assist you in avoiding registration delays. You may choose any name, but be careful that it does not imply disrespect, abuse, or any beliefs or views.
Selecting a business location
Numerous factors will differ from one location to the next, including tax laws, infrastructure, the accessibility of resources, exposure to different economies, etc. Once you have a lease, you can reserve space for your office. Only choose office space if it is actually required for your company.
Drafting LSA and MOA
If you want to register your business in Dubai mainland, you must engage with a local service agent. LSA won’t meddle with your decisions or business operations in any way. You will receive help from them in obtaining the necessary permits and approvals.
In this way, LSA will assist you in keeping full operational and legal control over your company. The following stage is determined by your company’s organizational structure and business model. Creating and signing a Memorandum of Association (MoA) is required.
Applying for license
You must obtain a company license from DED if you are registering your business on the mainland. Your company will be granted this license by local authorities if it is registered in a free zone. After receiving a company license, you may also need to request additional permits from other regulatory agencies.
Opening a business bank account
The next stage is to open a bank account for your business once you have completed all of the steps mentioned above and obtained all necessary paperwork, licenses, and permissions. Choose a bank for this purpose that best satisfies all of your company’s requirements and needs and can provide you with enticing advantages and offers to help you lower your expenditures.