As UAE is rapidly spreading its business the place has great importance. It is such a state that is internationally recognized for its strategic location, stable governance, transparent business-friendly policies, a booming economy and steady growth. This business solutions house can help and guide a businessman to work properly. If the steps are followed then the company can earn huge profits and our team at LLC Dubai will help you with it.

Two different types of companies can be set up in Dubai – Free zone Company and Offshore Company. Free Zone Company is a business that is fully owned by the person who set it up. There is no requirement of a sponsor or an agent for helping in the management of your venture. The other type of company which is the Offshore Company refers to a business operating outside its boundaries.

If you are a newbie in Dubai, business registration can prove to be a fiddly task. LLC UAE offers services that are customized according to your business activity and business location.

However, it should be seen to it that the required capital must be funded from your own resources or through your bank.

You have over 2,000 business activities to choose from to register a business in Dubai. The first step is to select the type of business activity. When you register a company in Dubai, select a legal form for it keeping in mind your business type, business activity, the number and the nationality of owners as well as the ownership options.

Standard trade name rules are prescribed and must be complied with, while choosing a name for your business. This can then be applied for and done on a standard application form and submitted at DED

The second step is to decide who will be your local “Sponsor”. This requires careful consideration on the basis of the services you would expect of the sponsor. A good rapport with your sponsor helps in a smooth registration process of your company. Further, all business in Dubai must have business premises evidenced by a tenancy contract in order to get registered.

The next step is to obtain an initial approval certificate. It is like a No Objection Certificate which says that the Dubai Government has no objection to you starting a business.

Once this certificate is obtained, prepare a memorandum of Association (MOA). Any legal firm can type out the memorandum which must specify in a special arrangement and ownership percentage among all partners. Submit the MOA and the License application at DED along with the required legal documents and the tenancy contract.

In case of obtaining licenses for banks and other financial institutions, the same must be sanctioned by the UAE Central Bank. For manufacturing companies, the Finance and Industry Ministry should approve. For companies engaged in insurance and other relevant firms, the Economy and Commerce Ministry must give approval. For medical and pharmaceutical products, the Health Ministry should sanction setting up of the same. In case the company is engaged in gas or oil production, additional endorsements and approvals from other government agencies may be needed.

In addition, business registration must also have the involvement of the Dubai Chamber of Commerce and Industry. All charges and fees must be paid at this stage. You should get a license after about a week.

On fulfilling the above procedures, you will have to submit all the documents to the DED counters. After processing, the DED issues the business license.