Dubai Companies
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Depending on the nature of the business, investors may need to obtain external approvals from other government agencies.
A professional license is required for companies engaged in professional services such as consulting, accounting, and legal services. The requirements for obtaining a professional license include: A physical office space in Dubai, A trade name registered with the DED, Approval from the relevant authorities, depending on the type of business activity and Submission of the required documents, including passport copies, visa copies, and proof of address
Investors can choose from several legal structures, including sole proprietorship, partnership, and Limited Liability Company (LLC). The LLC is the most popular legal structure for general trading companies in Dubai.
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Company formation in Dubai involves several legal requirements that must be met before investors can establish a general trading company in the emirate. Here is an overview of the steps involved in forming a general trading company in Dubai: Choose a Business Activity, Choose a Legal Structure, Reserve a Company Name, Obtain Initial Approval, Draft the Memorandum of Association (MOA), Obtain External Approvals, Register the Company and Obtain Business License.
The general trading industry in Dubai is diverse and encompasses a wide range of products and services, including textiles, electronics, food items, construction materials, machinery, and more. Many of these products are imported from other countries and then exported to various destinations around the world.
The cost of obtaining a trading license in Dubai can range from AED 10,000 to AED 50,000, depending on the type of license required.
Register the Company
General trading companies in Dubai are businesses that engage in buying and selling a wide range of goods and commodities, both locally and internationally. Dubai is a hub for trade and commerce, with a strategic location that connects the East and West, making it an ideal destination for general trading companies.
A commercial license is required for companies engaged in buying and selling goods. The requirements for obtaining a commercial license include: A physical office space in Dubai, A trade name registered with the DED, Approval from the relevant authorities, depending on the type of business activity and Submission of the required documents, including passport copies, visa copies, and proof of address.
The cost of obtaining visas for employees will depend on the type of visa required and the nationality of the employee. The fees can range from AED 2,500 to AED 5,000 per visa.
economy
Once all the approvals are obtained, investors can register the company with the DED.
The MOA is a legal document that outlines the company's activities, legal structure, and ownership details.
Investors must obtain initial approval from the Department of Economic Development (DED) in Dubai. This step involves submitting the company registration application along with the required documents.
electronics
The cost of setting up a general trading company in Dubai will vary depending on several factors, including the type of business activity, the legal structure, and the location of the company's office.
An industrial license is required for companies engaged in manufacturing or industrial activities. The requirements for obtaining an industrial license include: A physical office space in Dubai, A trade name registered with the DED, Approval from the relevant authorities, depending on the type of business activity and Submission of the required documents, including passport copies, visa copies, and proof of address
The cost of renting an office space in Dubai will depend on the location, size, and quality of the property. The average cost of renting an office space in Dubai is around AED 1,500 per square meter per year.
Business Activity
The final step is to obtain the appropriate business license for the company, which allows it to legally operate in Dubai.
General trading companies in Dubai play a significant role in the economy of the region. They contribute to the country's GDP and provide employment opportunities for both locals and expatriates. Dubai's favorable business environment, tax incentives, and strategic location make it an attractive destination for foreign investors looking to set up general trading companies.
The first step is to choose the type of business activity the company will engage in. This decision will determine the type of license required and the legal structure of the company.
Draft the Memorandum of Association
Investors may need to engage the services of a business consultant, legal advisor, or other professionals to assist with the company formation process. The fees for these services can range from AED 5,000 to AED 15,000.
The company name must be unique and conform to the naming conventions specified by the Dubai government.
Obtaining a trading license is a crucial step in the process of establishing a general trading company in Dubai. The type of trading license required will depend on the nature of the business and the activities the company plans to undertake.
General Trading Companies