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We offers various types of business entities, such as Free Zone, Mainland. Incorporating a company involves selecting a business activity, obtaining a trade name, securing a business license, and fulfilling other legal requirements.
We provide mandatory annual audit services in Dubai for all types of businesses, which involve preparing financial statements, conducting fieldwork, issuing an audit report, and more.
Open a online bank account in Dubai with us. Save time and hassle. Embrace modern banking and simplify financial processes with ease.
: If you're planning to do business in Dubai, having a registered address can be crucial for complying with local laws and regulations. There are a few options available, including renting office space or using a virtual office service. The process typically involves meeting certain requirements, such as obtaining a valid tenancy contract and obtaining a no-objection certificate (NOC) from your landlord.
We're here to help make the process of obtaining a residency visa in Dubai easy and straightforward. We'll assist you in scheduling your medical test and submitting the necessary documents, including a valid Emirates ID and residency visa. Once you arrive at the medical center, the staff will conduct the required tests to ensure that you meet the health requirements for obtaining a residency visa.
The procedure for company registration in Dubai varies depending on the type of company and the location of the company. Here are the general steps for registering a business in Dubai:
Choose a Business Activity: Determine the type of business activity you want to undertake and ensure it is permitted in the location you want to register your company.
Choose a Business Name: Select a unique name for your business that complies with the naming conventions of the Department of Economic Development (DED) in Dubai.
Obtain Initial Approval: Submit the required documents to the DED and obtain initial approval for your business activity, business name, and location.
Rent Office Space: Rent a physical office space to register your company. This is a requirement for most types of companies in Dubai.
Draft the Memorandum of Association (MOA): Draft the MOA, which outlines the company's structure, objectives, and other details. This must be done with the help of a legal professional or a business setup consultant.
Obtain Approvals and Licenses: Obtain any additional approvals and licenses required for your business activity. This may include approvals from the Dubai Municipality, Dubai Civil Defense, Dubai Health Authority, and other regulatory bodies.
Sign the MOA and Register the Company: Sign the MOA with all shareholders and register the company with the DED.
Obtain the Trade License: Once the company is registered, apply for the trade license from the DED, which allows you to operate your business legally in Dubai.
Open a Corporate Bank Account: Open a corporate bank account to conduct business transactions.
Register for VAT: If your company's annual turnover exceeds the threshold set by the Federal Tax Authority (FTA), register for Value Added Tax (VAT).
It is recommended to seek the guidance of a legal professional or a business setup consultant to ensure a smooth and efficient registration process.
The accounting process for a company incorporated in Dubai involves several steps, including:
Establishing a chart of accounts: A chart of accounts is a list of all the accounts used to track a company's financial transactions. It is important to establish a chart of accounts that is appropriate for the company's industry and business activities.
Recording financial transactions: All financial transactions, such as sales, purchases, expenses, and payments, should be recorded accurately and promptly using appropriate accounting software.
Reconciling bank statements: Bank statements should be reconciled regularly to ensure that all transactions have been recorded accurately.
Preparing financial statements: Financial statements, such as the balance sheet, income statement, and cash flow statement, should be prepared regularly to provide a clear picture of the company's financial performance.
Maintaining proper documentation: All financial transactions should be supported by proper documentation, such as invoices, receipts, and bank statements, which should be kept in an organized and accessible manner.
Complying with local regulations: Companies incorporated in Dubai are required to comply with local regulations regarding accounting and financial reporting, such as filing annual financial statements and tax returns.
Auditing: Companies incorporated in Dubai are required to have their financial statements audited by a registered auditor by the UAE Commercial Companies Law and International Financial Reporting Standards.
It is important for companies incorporated in Dubai to have a proper accounting process in place to ensure accurate financial reporting and compliance with local regulations. Companies may choose to hire an experienced accountant or outsource their accounting needs to a professional accounting firm.
When incorporating a company in Dubai, it is important to open a bank account to manage your company's finances. The process for opening a bank account for company incorporation in Dubai is similar to that of opening a personal bank account, but with a few additional steps.
Choose a bank: Research and choose a bank that offers the services and features that best suit your company's needs.
Gather required documents: Gather the necessary documents required to open a bank account for a company. This typically includes the company's trade license, Memorandum of Association (MOA), Articles of Association (AOA), passport copies of shareholders and directors, residency visas, Emirates ID, proof of address, and a letter from your company's bank signatory authorizing the account opening.
Visit the bank: Make an appointment with the bank and visit the branch in person. You will need to fill out an account opening form and provide the required documents.
Provide additional documentation: The bank may require additional documentation, such as a board resolution authorizing the opening of the account, proof of income, or business documents, depending on the type of account you are opening.
Submit the application: After completing the application and providing the necessary documentation, the bank will review your application and may ask for additional information if necessary.
Wait for approval: Once your application is approved, the bank will open your account and provide you with the account details, including the account number and online banking access.
It is important to note that some banks may have specific requirements or procedures for opening a bank account for company incorporation, so it is recommended to check with the bank in advance and ensure that you have all the necessary documents and information. Additionally, some banks may require a minimum balance to be maintained in the account, and there may be fees associated with certain services or transactions.
Mainland Dubai incorporation refers to the process of setting up a company in the mainland area of Dubai, which is governed by the Dubai Economic Department (DED). Mainland companies in Dubai can conduct business within the UAE and internationally without any restrictions, and they are allowed to bid for government contracts.
Selecting a business activity and company name: The first step is to decide on the business activity and company name, which must comply with the UAE laws and regulations.
Choosing a local sponsor or service agent: A mainland company in Dubai must have a local sponsor or service agent who holds 51% of the company's shares. The local sponsor or service agent will assist with government approvals and documentation.
Obtaining initial approval: Once the business activity and company name are decided, the company must obtain initial approval from the DED.
Drafting the Memorandum of Association (MOA): The MOA outlines the company's structure, activities, and shareholders.
Obtaining a trade license: After the MOA is drafted, the company must obtain a trade license from the DED.
Registering with the Dubai Chamber of Commerce and Industry: All mainland companies in Dubai must register with the Dubai Chamber of Commerce and Industry.
Renting an office: A mainland company in Dubai must have a physical office space in Dubai.
Obtaining visas: Once the trade license is obtained, the company can apply for visas for its employees.
The process of mainland Dubai incorporation can be complex and time-consuming, so it's advisable to seek the assistance of a local business setup consultant or a law firm.
In Dubai, several business structures are eligible for company registration. The most common types of business structures are:
Limited Liability Company (LLC): An LLC is a popular business structure in Dubai, which requires a minimum of two and a maximum of 50 shareholders. The company's liability is limited to the number of its capital contributions.
Free Zone Company: A free zone company is a business structure that operates within a specific free zone in Dubai. It offers tax and customs duty exemptions, 100% foreign ownership, and allows for the repatriation of profits.
Sole Proprietorship: A sole proprietorship is a business owned and operated by a single individual who is fully responsible for the company's debts and liabilities.
Partnership: A partnership is a business structure where two or more individuals share the profits and losses of the company. There are two types of partnerships: general partnership and limited partnership.
Branch Office: A branch office is an extension of a foreign company that is registered in Dubai. It is 100% owned by a foreign company and is not considered a separate legal entity.
Representative Office: A representative office is a business structure that allows a foreign company to have a presence in Dubai to promote its products or services. It cannot conduct any business activities and is not considered a separate legal entity.
The eligibility of each business structure may vary based on factors such as the type of business, industry, and the company's objectives. It is recommended to consult with a legal professional or a business setup consultant to determine the most suitable business structure for your business.
The most common legal structures for company incorporation in Dubai are Limited Liability Company (LLC), Free Zone Company, and Branch Office.
The minimum share capital required for company incorporation in Dubai varies depending on the legal structure of the company. For example, the minimum share capital for an LLC is AED 300,000, while there is no minimum share capital requirement for a Free Zone Company.
To open a corporate bank account in Dubai, you need to provide the bank with the necessary documents, such as your company's trade license, memorandum of association, and passport copies of the shareholders and directors.
In some free zones in Dubai, foreign investors can own 100% of a company. However, in other areas, such as mainland Dubai, a local sponsor is required, and foreign investors can own up to 49% of the company.
The time it takes to incorporate a company in Dubai varies depending on the legal structure of the company and the completeness of the documentation. On average, it can take anywhere from 2-4 weeks to incorporate a company in Dubai.
For certain legal structures, such as an LLC, you are required to have a physical office in Dubai. However, for other legal structures, such as a Free Zone Company, you can use a virtual office or flexi desk as your registered address.
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