Tasyer Company explains how to establish a company in Dubai with the investor residency, as the field of establishing companies in the UAE includes several important steps and procedures that must be applied, and therefore there are several digital platforms that aim to establish companies electronically and then obtain a commercial license, but the investor needs to collect the required documents and papers, then submit the application to obtain a license in a short time. The investor can also apply in person through the centers of the Departments of Economic Development located in the Emirate of Dubai, or apply through legal offices, or specialized companies that facilitate the establishment of establishments, such as Tasyer Company, which is the best institution that through it, you can create a company and receive a commercial license to start your business in Dubai.
How to establish a company in Dubai with investor residency
Investors can establish businesses within Dubai via the Internet and within a short time, either through the usual methods, by completing some procedures and approvals and then officially registering the establishment.
Or by resorting to one of the companies specialized in establishing businesses because they provide investors with everything they need to start work in the Emirates.
It is worth noting that the process of establishing a business in Dubai goes through some steps that include the following:
Determine the nature of the activity
The first step must determine the nature of the company’s economic activity in order to determine the legal entity and the type of commercial licenses required, whether a commercial, industrial, or professional license.
It is worth noting that there are six types of licenses (industrial – craft – commercial – tourism – professional – agricultural).
It must be noted that the license can include more than one activity, and there are 2,000 different economic activities that the investor can choose from within the list of businesses in the Emirates.
Determine the legal form
As for the legal form of your company, it depends mainly on business requirements, and the legal framework is determined according to the required laws and regulations, which must adhered to by investors.
It must be noted that choosing one of the legal forms is based on:
- Solidarity Company.
- A Simple recommendation.
- As well as, limited liability.
- Public contribution.
- Special contribution.
- As well as a commercial representation office.
- Civil works company.
- A branch of a local company, an offshore company, or a foreign company.
- Branch of a free zone company.
- As well as, individual Foundation.
- Holding company.
It must note that the legal form must match the specific economic activity of the company. And you must obtain all requirements by accessing the website of the Economic Department in the Emirate of Dubai.
Reserve and register the commercial name
As for the commercial name, it is the third step in establishing a company in Dubai, because it distinguishes the type of license and is linked to it.
It is worth noting that applying for a commercial name is done through the Department of Economic Development of the Emirate of Dubai, or through the emirate’s website, or through its smart application.
However, there are some terms and conditions related to choosing a commercial name, which are as follows:
- The commercial name must briefly follow the legal formula of the company.
- The company’s commercial name must not contain inappropriate words or violate public taste.
- As well as, the chosen name must also be compatible with economic activities.
- The commercial name must not contain the word Allah, government agencies, or logos of third parties.
- As well as, the commercial name must be exclusive and not registered by any other company.
- After completing the reservation of the commercial name, a payment authorization is issued and the transaction number is used as a reference when paying the fees.
- It should be noted that the Department of Economic Development is responsible for approving the commercial name.
- As well as, the Ministry of Economy is responsible for approving the trademark.
- Commercial name certificates are always subject to renewal.
Initial approval
This step means that the UAE government approves the establishment of a facility in the Emirate of Dubai and that there is no objection to the work, and thus the investor can obtain a commercial license.
It is worth noting that the foreign investor must obtain approval from the General Directorate of Residency and Foreigners Affairs before obtaining initial approval.
It is also necessary to note that some activities require initial approval from government agencies related to the activity before applying, such as activities related to legal affairs and activities related to security agencies.
Memorandum of Association
In order to determine the legal form of the facility, the matter may require signing an incorporation contract or concluding an agreement with a local service agent or company agent.
It is worth noting that an incorporation contract is concluded if the legal form of the company is one of these forms:
- Civil works.
- As well as, one person company.
- Limited liability.
- A Simple recommendation.
- As well as, public contribution.
- Solidarity Company.
- As well as, special contributions.
- Choose a location
A physical address for the company’s activity must be chosen for the various businesses that take place in the Emirates, and commercial buildings must comply with the conditions specified by the Department of Economic Development of the Emirate of Dubai, as well as the compatibility of land allocation systems from the competent authorities.
It is worth noting the necessity of providing a lease contract because some emirates require a certified document, while in the Emirate of Dubai, a lease contract must be registered through offices for rent.
Additional government approvals
In some cases, commercial activities require obtaining license approvals from the relevant authorities. The following are examples of activities that require approvals:
- Ministry of Interior: Issues approvals for fire fighting equipment, public transportation services, driving schools, and others.
- Ministry of Justice: Responsible for legal activities and legal consultations.
- Telecommunications Regulatory Authority: Responsible for communications activities.
- Executive Council: Responsible for tourism and travel, public services, car clubs, and branches of foreign companies.
- The Municipality Department in the Emirate of Dubai: Responsible for engineering and architecture activities.
- Supreme Petroleum Council: Responsible for approvals for gas field services and well drilling operations.
- Dubai Health Authority: Responsible for activities related to health.
- Ministry of Economy: Responsible for insurance activities and insurance consultations.
Receiving the license
After completing all the mentioned steps, the investor can obtain a commercial license through the service provision centers affiliated with the Economic Department in the Emirate of Dubai, and through one of the electronic services platforms affiliated with the Department.
Some documents must be prepared to issue licenses in various legal forms:
- Initial approval receipt.
- As well as a copy of the lease contract authentication certificate.
- Certified articles of incorporation.
- Approval of the relevant authorities for the activity.
- As well as, contract for appointing a service agent.
- It should be noted that it is necessary to pay the fees within a certain period, usually within 30 days of issuing the payment receipt. In the event of non-payment, this will lead to the cancellation of the order.
Consulting on Tasyer company services
Tasyer Company is the best choice in establishing companies because it has the best business consultants in Dubai. Therefore, with us, investors can establish the company smoothly, as the company has all the necessary capabilities and preparations. It also provides the best professional advice when it comes to registering companies and helps investors with all procedures and approvals.
Therefore, contact us to find out how to establish a company in Dubai with the residency of an investor. We have everything that interests you in the world of establishing companies and starting businesses easily through some simple steps.
Tasyer company the best establishing companies
Thus, establishing a company is no longer difficult. Rather, you can enjoy multiple opportunities and advantages and do business and successful investments in Dubai through Tasyer company that shows you how to establish a company in Dubai with the residency of an investor.
Follow us on social media
