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Business setup in Duabi-A&A Associate LLC

Author: Aa Associate Llc
by Aa Associate Llc
Posted: Mar 11, 2022

There are about 2100 commercial activities permitted in Dubai. Not every business activity can be undertaken everywhere. For example, only Limited Liability Company structures are allowed for companies established in free zones. According to the laws of the United Arab Emirates, a Limited Liability Company cannot engage in certain activities like banking / finance / investment. So the first step involved when it comes toBusiness setup in Dubai is to zero in on the right commercial activity / activities.

A business establishment can be engaged in more than one commercial activity. Because a Business License is normally granted only to companies and not individuals (except in the case of freelancers), it becomes important to establish a company. For

company formation in Dubai, it is strongly recommended that you enlist the professional assistance of a business setup advisor, who also doubles up as a company formation expert. He/She will tell you that you need to choose a name for your company.

The company formation documents may be better known in your country as Memorandum of Association in case there is only a single owner for the company, or as Articles of Association if there are multiple owners in the company. A business setup consultant would advise you on the best location for company setup in Dubai. This could be on the mainland, in a designated free zone, or offshore. The mainland is the area in the United Arab Emirates that is not part of a free zone.

The company formation documents need to be notarized by a Notary Public, and a business setup consultant can get this done for you. You also need to lease commercial space for your operations prior to company registration. This is so that when company registration is granted, the official address of your company as per Government records will be the address of the commercial space you have leased. For this, you need to enter into a Lease Agreement with the owner of the premises.

A business setup consultant will submit the company formation documents and the Lease Agreement to the corresponding authority for company registration and grant of a Business License. If everything is in order, you could expect to register your company and receive your Business License in a matter of days – business setup in UAE is a fairly straightforward, uncomplicated affair. Once you receive your business license, you can commence operations at your registered office address immediately.

About the Author

A&A Associate Llc is a provider of corporate services that specializes in business setup in Dubai, United Arab Emirates

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Author: Aa Associate Llc

Aa Associate Llc

Member since: Mar 07, 2022
Published articles: 3

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