Yes, it\ntakes a just about a week to start your get your small business or startup\nregistered in the UAE, as long as you have followed all legal procedures that\nare necessary to get your business up and running.<\/p>\n\n\n\n
Carefully\nfollow these steps and you will be awarded your business license by the end of\nall the procedures:<\/p>\n\n\n\n
The\nlicense you require will depend on the type of business you plan to set-up.\nThese licenses can either be commercial, professional or industrial and will\nlargely characterize the line of your operation. Department of Economic\nDevelopment (DED) lists out nearly 2100 activities to choose from. However,\ncertain lines of businesses like jewellery, veterinary services, legal\nconsulting and food trading require additional approvals from governmental\nbodies. It is also important to note that each Free Zone has its own set of\nrules and regulation for approvals<\/p>\n\n\n\n
Legal\nform implies the kind of business you intend to set up in Dubai; not a form\nthat you need to complete. You need to take into consideration the type of\nbusiness, activity and the number of owners and their nationality along with\nownership formats. Companies in the UAE can take on various legal forms but\nthere are some restrictions for certain businesses. You can read up in detail\non the DED website.<\/p>\n\n\n\n
Your\ntrade name is part of the legal procedure to setup a company in UAE. It should\nconvey the nature of your business unless it\u2019s a branch of another company.\nRead up all the rules and regulation about trade names on the official DED\nwebsite.<\/p>\n\n\n\n
An Initial Approval\nCertificate issued by the DED confirms that the Dubai DED does not have any\nobjections with your business set-up and paves way to go through the next steps\nto get a business license.<\/p>\n\n\n\n
You can\napply through:<\/p>\n\n\n\n
The legal form of your\ncompany will determine if you need to formulate and sign the Memorandum of\nAssociation (MOA). For local businesses, you will also need to sign a Local\nService Agent (LSA) \/ Corporate Agent agreement with a UAE citizen who will\nrepresent your business for licenses and compliances.<\/p>\n\n\n\n
Memorandum\nof Association is needed if the legal form of your business is:<\/p>\n\n\n\n
You\nwill need to approach a legal consultancy or DED Legal Affairs or Notary Public\nto draft the MOA. If you intend to register a branch of your existing company,\nthe existing MOA needs to be presented. However, you will not need a MOA if you\nare a Sole Establishment or Intelaq license holder<\/p>\n\n\n\n
Choosing\nthe location to set-up your business in crucial. You need to choose the area as\nper your business type. Free Zones allow you to startup your business without a\nlocal partnership, with 100% ownership of your business. However it is\nabsolutely essential that you study and understand the prerequisite and\navailable office spaces within a Free Zone. Businesses like shops and\nrestaurants cannot go this route as they need access to markets to bring in\ncustomers.<\/p>\n\n\n\n
Certain\nbusiness set-ups require special licenses from various governmental bodies.\nBusinesses that come under DED control do not need any additional licensing but\nyou can check if your company set-up falls under this purview. A hospital\nrequires a DED approval along with a license from the Dubai Health Authority.<\/p>\n\n\n\n
Once you submit all your\ndocuments through the following agencies, you have completed the steps needed\nto your business license. Application Channels Legal forms DED\neServices \u2013 an online user account should be available All legal forms<\/p>\n\n\n\n
Service\nCenters As per services offered in each center Happiness\nLounge All legal forms<\/p>\n\n\n\n
You\nwill receive a transaction voucher with a reference number which needs to be\nquoted while making the payment at various approved channels. Please do note\nthat you need to make the payment within 30 days of receiving the payment\nvoucher. The transaction will stand annulled if the amount is not paid at the\nend of 6 months.<\/p>\n","protected":false},"excerpt":{"rendered":"
Yes, it takes a just about a week to start your get your small business or startup registered in the UAE, as long as you have followed all legal procedures that are necessary to get your business up and running. Carefully follow these steps and you will be awarded your business license by the end of all the procedures: Choose Type Of Business: The license you require will depend on the type of business you plan to set-up. These licenses can either be commercial, professional or industrial and will largely characterize the line of your operation. Department of Economic Development […]<\/p>\n