Company registration in Dubai is essential for any individual or company wishing to establish a business in the emirate. The legal proceedings involved depending on the nature of the business undertaking. Companies registered in Dubai are required to pay a nominal fee as registration fee. This fee is paid to ensure the process of company registration in Dubai is carried out smoothly. Company Formation in Dubai requires the payment of a nominal franchise fee upon formation.
Companies are able to open a company registration in Dubai by completing the formalities at the concerned branch office. Companies are eligible for company registration only if they have fulfilled all the eligibility conditions. These requirements generally depend on the type of company, its location and the status of the company director. Companies are allowed to apply for company registration either in their own name or by registration of another company. Both options enable the company to operate legally.
Companies are required to register under the Companies Act of the country in which they are registered. The company formation procedure takes up to two months from the date of application. Companies have to submit all the necessary documents to the concerned authorities in UAE within the required time. Companies are required to pay the necessary charges, including the company registration fee, before they can proceed with the company registration in Dubai.
In order to start a business in Dubai, you need to open a company registration in Dubai. Company formation in Dubai is not that difficult, as it does not require you to change your legal status to become a non-residents or an offshore citizen. Companies can be established either onshore or offshore. Company formation in Dubai will enable you to enjoy all the benefits of company registration in the country. These benefits include exemption from corporate income tax and other import and export duties.
Companies registered in Dubai are considered to be the biggest and the most beneficial in the country. You can conduct company registration in Dubai at the Dubai Economic Development Commission (EDC) office located in the city. This department is headed by a person known as Governor Badr al-Oday. The office is staffed by a secretary and a director. Companies that file their annual returns and pay the necessary taxes to the Dubai government will receive a tax certificate. Once the tax certificate is received, you will be able to do business in Dubai and enjoy the benefits mentioned above.
One of the reasons for doing business in Dubai is the ease with which property registration in the emirate is processed. Companies are required to register with the Dubai SCC. Companies also need to pay a registration fee of ten thousand Dubai Dirhams or five hundred UAE Dirhams, which is payable by the bearer or any foreign investor. Once this fee is paid, the company holds a registration card, which enables it to do business in Dubai. Companies must also pay the appropriate tax and pay the necessary administrative fees to the Dubai government according to the law.
Another reason for which companies choose to establish business in Dubai is the legal framework laid down by the government. Companies are benefited with some of the most investor-friendly laws in the world. For instance, the company formation process is almost hassle-free in Dubai. Companies have to pay an appropriate fee for setting up an office in Dubai and for obtaining the registration certificate. Once the business is established, an offshore company formation provider will take over the whole process of corporate formation in Dubai.
Once the business is set up, the company needs to get registered with the Department of Economic Development (DED). Registration is done through the Dubai Ministry of Economic Affairs. Companies are then required to pay the prescribed annual charges for getting an individual’s passport and a business license. These things are important in order to operate in Dubai. However, one needs to remember that the company formation process takes almost three months on average if not more and so it is important to have a strong partner for this purpose in Dubai.