5 Step Guide to Company Formation in Dubai
Whether you’re planning to establish your company or thinking about LLC Company formation in Dubai, you need to know about the whole process of the entire company formation in one of the emerging markets in the world.
Dubai is a popular city in the UAE that offer many benefits to its investors and entrepreneurs. It is also one of the fastest growing economies today with people from well-diversified backgrounds.
Setting up a business or planning to form a company in Dubai is quite easy as compared to other cities and the countries as it takes only a few weeks to register and submit all the necessary documents and payments to operate the business activities in one of the world’s most modern platforms for businesses.
That’s why we have come with a step guide that includes a 5 step guide to Company Formation in Dubai. Get more info here.
- Choose the business category
You need to choose the category of your business from the list of permitted business categories as mentioned by the Department of Economic Development (DED) to determine the nature of your business in the long-run.
- Choose business establishment
Dubai offers many business establishments such as Mainland and Free Zones. These both establishments have their own benefits and rules related to it. To decide which one is the best for you, you need to go through all your business needs and the nature of your business to see which of the setup is more suited for your business.
- Select a company name
Your company name conveys a valuable insight into your brand’s services and values. It should have a strong presence but under certain rules and regulations.
- Complete all Legal Requirements
After completing all the steps, the next step is to fulfill all the legal formalities. For this purpose, you could even hire the PRO services in Dubai that provide visa assistant and company formations support to help you get started with your business operations. Also, submit a license and visa application according to your eligibility criteria and wait for its issuance date.
- Open a Bank Account
The final step after obtaining a license and submitting all the applications is to open a corporate bank account so that you can easily carry out transactions. You can take the help of professional services to assist you in the account opening process according to your business requirements.