Process for registration of any kind of business in Dubai
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Dubai economic development department has classified all the activities under the different heads. The prospective investor has to choose the activity group.
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To establish LLC, as per the Dubai government law, it is compulsory to keep one UAE national as a partner in the company. So the prospective investor has to choose the one UAE national (sponsor) as a partner in the company.
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After selecting the activity group and the local national partner (sponsor), investor has to take initial approval from the Dubai economic department.
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After having the initial approval, the investor has to select the trade name of the company and has to take the trade name approval from the Dubai economic department.
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After taking the trade name approval, the investor (partners) and the sponsor has to register LLC contract- a memorandum in the Dubai court.
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The investor has to select a proper business place and bring the tenancy contract along with the location plan, which has to be approved by planning and civil defense departments in Dubai Municipality.
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After executing the LLC contract in the court, the authorized partner has to open a bank account and deposit the capital required to register a company in this account. Then the authorized person has to obtain a letter from the bank mentioning that the partners have deposited the specific amount in the bank.
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After that the partners have to obtain an auditor's report mentioning that partners have deposited the capital amount required to register a LLC.
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After processing all above documents, the partner has to submit them in Dubai economic department and after due scrutiny, the department will issue a trade license on payment of the required fees.
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After obtaining the trade license, the partner has to open an immigration and labor computer card.
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The partner can now apply for the investor visa by depositing the required amount.
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For some specific activities, some special permissions are required, like advertising, tourism, gold and jewelry, money exchanges, medicines trading etc.
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