Everything about setting up a company in the UAE

The UAE is considered one of the best Arab destinations for starting various types of investment businesses. Since the UAE allows you to carry out your various investment activities easily, such as trade, industry, etc. This is thanks to its strong, stable economy, in addition to the diversity of investment places in it. For this reason, in this article, we will talk about the process of setting up a company in the UAE. Continue reading with us to know more details.

Conditions for setting up a company in the UAE

In order to be able to open a company in the UAE, you must fulfill some conditions. One of the most important of one of them is choosing an activity that you can practice in the UAE legally. The UAE allows investors to engage in some activities, but prohibits others. We will show you these activities as follows:

Activities permitted in the UAE for foreigners

1. Trading and owning real estate.

2. Air transport.

3. Providing consultations to companies in the Emirates.

Activities that are not permitted in the UAE

1. Any work within the field of mining, such as oil, gold, or others.

2. Establishing advertising agencies in the Emirates.

3. Provide consultations to these agencies or managing them as a foreign investor.

4. Owning or establishing any activity related to the field of aviation, or purchasing and trading stocks related to the field of aviation in the Emirates.

In addition to the permitted activities, the Permitted Activities Authority for the Emirati investor specifies the necessity of having a partner who holds Emirati citizenship. Except for working in the field of accounting, legal, and pharmaceutical activities. So, for these activities, there is no need to have an Emirati partner.

How to set up a company in the UAE

As for the process of setting up a company in the UAE, it can be done in several ways. The UAE allows you to start establishing your company online, using its own platform owned by the state. But the investor can also contract with service companies, which carry out all the steps on his behalf and save him a lot of time and effort.

One of the most prominent service companies that can be contracted with is Tdabeer Company, which is distinguished by its highly experienced staff, which will ensure that you complete all the steps of establishing your company in the Emirates within a short time and with the lowest costs and effort. Contact us through the links at the bottom of the page to join our client list, or for any question or inquiry about the subject of this article.

Steps for setting up a company in the UAE

As for the establishment steps, they can be summarized in the following points:

1- Determining the type of economic activity

The first and most important step is to accurately choose the economic activity of this company. This process helps you know whether the activity you wish to engage in is permitted in the UAE or not. In addition to knowing the type of commercial license that is appropriate for you. The UAE provides 6 types of commercial licenses, and one person cannot hold more than one license at the same time.

2- Determining the legal form of the company

The second step in this process is to determine the legal form of the company. The UAE provides 13 types of legal forms for companies, and you must choose the legal form for your company carefully.

3- Choosing and registering the trade name

The next step in the process of establishing a company in the UAE is to choose the appropriate trade name for this company. Knowing that this currency is subject to some conditions that must be adhered to, i.e. a trade name must be chosen so that it fulfills the conditions for the process of choosing this name. Then you must also register this name with the relevant authorities in the country.

4- Obtaining the initial approval

The Initial approval represents a certificate or legal document that means the United Arab Emirates has no objection in principle to establishing your company. Each investor must obtain this approval at this stage before they can complete the next steps.

5- Concluding the articles of incorporation

The articles of incorporation are determined and concluded mainly depending on the legal type of company, which was determined in the previous steps.

6- Choosing the company’s location

Then, you must choose a suitable location for the company within the UAE. Knowing that the state sets some conditions that must be adhered to here, such as the size of the place, its location, etc. You must adhere to these conditions, in addition to the conditions and requirements for the nature of the company work, to find the appropriate place for your company.

7- Obtaining Additional licenses

For some businesses it may be necessary to obtain some additional licenses from some government agencies in the UAE. Such as the Ministry of Economy, the Ministry of Justice, or others.

8- Obtaining the commercial license

The final step in the process of setting up a company in the UAE is obtaining the appropriate business license to operate. After getting this license, you can begin practicing the company’s activity legally in the Emirates.

Tdabeer Company for establishing companies in the UAE

Thanks to its distinguished staff, Tdabeer Company works to implement all the necessary steps for setting up a company in the UAE or in Dubai. Contact us to establish your own company in the fastest time, lowest cost, and least effort as well.

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