Company Formation In Dubai

The Department of Economic Development in Dubai envisions rapid business growth in the state by offering a launch pad to all aspiring business owners and facilitating them with smooth operations, without any encumbrances of time-consuming procedures and administration constraints. This has made Company formation in Dubai, relatively an easier process for native and international aspirants alike.

Before getting on to the initial steps of Dubai business formation, it is a good idea to get detailed insights into the Dubai business jurisdictions and the set-allowances in different business models.

In the bigger picture, there are 2 jurisdictions governing Company formation in Dubai. They are:

• Mainland
• Free Zones

Both these jurisdictions are different and offer exclusive advantages to companies forming businesses in Dubai, based on the type of business and activities undertaken. If you are planning your company formation in the Dubai mainland, you also need to obtain your Dubai business license after registering with DED.

TYPES OF BUSINESS STRUCTURES IN DUBAI

Initial steps in Company formation in Dubai involve:

• Initial approval
• License issuance
• License renewal
• General license modification
• Modification of business location
• Addition/removal of business activities
• Change of local service agent
• Change of partnership stakes
• Partner addition / removal
• License freezing
• Trade name change
• Manager change
• Liquidation or sale of business
• License cancellation

Here is all you need to do in the process:

• Decide the business activities
• Finalize a trade name
• Decide the business location

Initial steps associated with Dubai business formation that we help you with:

• Legal form selection
• Application for initial approval
• Preparation of MOA & LSA agreements
• Getting business approvals
• Collecting the business license

The process of obtaining a business license for company formation in Dubai
depends greatly on the type of activities you undertake, as they determine the type of
legal forms you need to fill in and also the parties associated with those operations.

The business operations or activities in Dubai are broadly classified into the following
groups:

• Industrial activities
• Commercial activities
• Professional activities
• Tourism activities

There may be other activities that require approval from Governmental bodies. So, if
the business activity you are planning to undertake doesn’t fall into the above-listed
categories, you must draft a concise description of the activity and send an email to
info@dubaided.gov.ae for enquiry. You can also use the activities classification section
in DED to report.

Below are some examples of activities with their categorization:

Road transport related activities – Commercial
Legal activities – Professional
Travel agencies – Tourism

Apart from legal forms and activity types, there are other laws applicable by DED or
other governing bodies. At Al Zora, we help you right from the time you conceive
your business idea for company formation in Dubai and walks you through the
process of approvals and documentation.