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Incorporating a company is the cornerstone of starting any business, and we ensure that the process is seamless for you. This includes handling various formalities such as registrations, licensing, PRO services, visas, renewals, approvals, office space arrangements, and bank account setup.
Rest assured, STH provides customized solutions that address your specific needs throughout your company’s entire lifecycle.
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Entities planning to establish operations in UAE must register as a legal entity, such as an LLC, Sole Establishment, or Branch Liaison Office. It’s crucial to identify the intended business activities from the outset, as each entity in Dubai requires a license specific to its business activity.
Generally, you have two options to decide from where you want to operate your business:- Mainland & Free Zones
Trade Name: Entities should first reserve their trade name with respective authorities that is unique and resembles to its business activity.
Guidelines for Applying Trade name:
In the UAE, every organization must obtain specific licenses for their operations and renew them periodically. The type of license required depends on the nature of the economic activity. A single license can cover multiple business activities from the 2,300 approved economic activities list. Recent regulations allow 100% foreign ownership in Dubai for 1,061 of these activities.
Here are the key licenses:
Commercial License: Required for entities involved in trading goods and commodities, including activities such as retail trading, transportation, broadcasting, real estate, communication, construction, and healthcare.
Industrial License: Necessary for businesses engaged in manufacturing or processing goods from raw materials, whether sourced locally or internationally. Additional approvals may be needed from the Ministry of Finance, Ministry of Energy & Infrastructure, etc. This license covers industrial activities like food production, textiles, metals, equipment and engines, petroleum products, and paper.
Professional License: Needed for organizations offering professional services such as consulting, craftsmanship, and artisan work. This license confirms the organization’s expertise and credibility in specific fields like consultancy, publishing, repair services, and security.
Banking: Your organization needs to create a bank account in a Local, Islamic, or International bank for all its financial activities. However, local banks provide more flexibility for SMEs and start-up companies. After selecting the bank you want to work with, you have to finalize your business activities, management, stakeholders, and business plan and apply with full-furnished documents.
STH Business Incorporation Services offers expert guidance and customized solutions designed to meet your unique business goals, with a focus on adaptability, flexibility, and top-tier security and privacy protections.
Office Spacing: An entity doing business in the UAE is mandated to have a physical presence inside the country. Establishing an own property or renting is the choice of the organization. However, both have their formalities and procedures. Adopting a suitable workspace structure reduces the money spent on capital expenditure.
At STH, we don’t just handle your paperwork; we find the ideal workspace to match your business needs. From vibrant co-working hubs to private offices and flexible desk solutions, we expertly manage your expansions and relocations, ensuring a smooth transition every step of the way.
Contact us today to schedule a consultation and learn how our corporate tax services can benefit your business.
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Our goal is to impact the lives we touch, not just with our knowledge, but through the wisdom we’ve gained.
We will use our life experiences to enhance the lives of others, earning their trust and respect along the way.
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