The Certificate of Incorporation is an important document that serves as proof of starting a business in Dubai. It is an important document for confirming compliance with local regulations. Additionally, the certificate provides legal recognition to the company, enabling it to operate within the jurisdiction. Obtaining this certificate is also essential for opening corporate bank accounts, signing contracts, and accessing various business services in Dubai.
Read this article to understand the step-by-step process of availing a Certificate of Incorporation for your business setup in Dubai.
Steps for Obtaining a Certificate of Incorporation in Dubai
The process of obtaining a Certificate of Incorporation in Dubai involves multiple steps. Commitbiz LLC will help you navigate every step of the process, ensuring compliance with the local regulatory demands. Here is a list of steps:
Step 1 – Select the most suitable location for establishing your business. You can pick between the Dubai mainland or free zones. Both jurisdictions offer unique incentives and advantages designed to support various business models.
Step 2 – Pick a legal entity for your business setup in Dubai. Some of the available options include a free zone company, limited liability company, sole proprietorship, branch office, and more.
Step 3 – Analyse and choose the business activity you wish to conduct in Dubai. The Department of Economic Development (DED) has designed a list of permitted activities. Check the list to ensure your desired business activity is approved. Selecting the right activity is crucial, as it determines your licensing requirements, operational scope, and more.
Step 4 – Determine a trade name that adheres to the UAE’s naming regulations. Next, you will have to apply for a trade name reservation with the DED. The authority will review the submitted name to ensure it complies with the UAE’s guidelines.
Step 5 – Submit documents such as trade name approval, list of business activities, members of the company, and more to apply for initial approval. The relevant mainland or free zone authority will review the documents and issue the initial approval.
Step 6 – You are required to rent an office space in Dubai. Consider factors such as proximity to markets, amenities, and more. Once you have selected a place, obtain a lease contract from the owner of the property.
Step 7 – Apply for a relevant business license in Dubai based on the activity you wish to conduct. There are three main trade licenses in Dubai:
- Commercial licenses
- Professional licenses
- Industrial licenses
You can partner with business setup consultants, who can assist you with choosing the right business license.
Step 8 – Pay the requisite fees and avail the Certificate of Incorporation.
Step 9 – Set up a local business bank account in Dubai. You can use this account to manage all your business transactions in the region.
Conclusion
Starting a business in Dubai is an incredible opportunity if you wish to have access to various local and international markets. Additionally, the tax incentives, streamlined registration process, and pro-business environment make it an ideal destination for entrepreneurs.