24. March 2023

How To Register a Company in Dubai

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Starting a business in Dubai can be done by registering your own limited liability company (LLC). This is also referred to as a ‘local company’. You can set up an LLC in Dubai within one week, depending on the time required for setting up bank accounts. In this article, we will discuss all aspects of how to register a company in Dubai.

What is a company?

A company is a legal entity that can be incorporated in Dubai. It’s a separate legal entity from its owners and directors, meaning that if you own shares in a company, you do not have any personal liability for its debts or obligations.

Business is registered with the government and has its own unique identity number (UEN), just like people do when they are born. This means that any business transactions conducted by your company will be recorded as belonging to it rather than you personally – which can save you from paying taxes on certain transactions if done right!

Companies also have directors who manage them on behalf of shareholders; these roles are often filled by individuals but there may also sometimes be companies with multiple directors instead of individuals serving those positions. Either way though: whoever holds these roles needs permission from other parties involved before making decisions on behalf of their respective parties’ interests (i..e., shareholders).

Who can register a company?

  • Anyone can register a company in Dubai.
  • You must be 18 years old or older.
  • You must have a valid passport, which must be issued by your country’s government and not expired for more than 6 months from the date of application.
  • You must also have a UAE residence visa (there are several types available), which means that you will need to prove that you live in the UAE and have been there for at least 2 years prior to registering your company or else one of those visas will not be accepted by our system as proof of residence in Dubai

Is there a process for registering a company in Dubai?

Yes, there is a process of company registration in Dubai everyone has to follow. The process is very similar to other countries and follows the same steps. You must have:

  • A registered office address
  • At least one director and shareholder (shareholders can be individuals or companies)
  • A registered agent who can act on behalf of your company when required by law or court order (this could be an individual or another legal entity)
  • A bank account with at least Dhs 50K (US$ 13,000) deposited into it

What is the cost of registering a company in Dubai?

The cost of registering a company in Dubai depends on the number of shareholders and directors. If you have one shareholder and director, then the registration costs will be lower than if there are more than one shareholder or director.

If you want to register an LLC, then it will cost about $1,100 for an LLC with one member and $2,000 for an LLC with two members. This includes all government fees associated with registering an LLC in Dubai

What are the documents required to register a company in Dubai?

You will need to provide the following documents:

  • A company name (in Arabic or English)
  • A company secretary and a director who are both UAE nationals or residents
  • The shareholders’ names and their respective shares in the authorized capital of your company, if any (25% minimum for each shareholder)4. An authorized capital5. An authorized share capital6.You can apply for registration with any of our Dubai offices by filling out an application form and submitting all required documents with it.

Do you need an accountant or auditor for your new business?

You will need an accountant or auditor. You can hire a professional to help you with your finances or learn how to do your own bookkeeping. If neither of those options appeal, consider hiring a virtual assistant who specializes in financial management tasks such as bookkeeping and payroll services.

You can start your own business by creating an LLC.

An LLC is a legal entity that is separate from its owners. This means that if the company goes bankrupt or faces any other legal issues, only its assets are affected and not those of its owners. In addition to this, an LLC has many of the same benefits as an S-corporation (such as being taxed at the personal level), but it’s easier to set up and costs less money to maintain.

It’s important to note that you can’t just start any business in Dubai; there are certain restrictions on what kind of businesses are allowed here depending on where they fall under Dubai Municipality’s classification system:

Final Thoughts

In conclusion, if you are planning on starting your own business and would like to register it in Dubai, then you should consider creating an LLC. This type of company is easy to set up, has low fees and offers many benefits such as not being required by law to have an accountant or auditor on board.

 

Avyanco Business


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