COMPANY REGISTRATION IN UAE
The UAE allows for several types of business structures, each catering to different needs and objectives. The main types include:
Steps for Company Registration:
1.Choose a Business Activity: Determine the type of business activity to comply with UAE regulations.
2.Select a Business Structure: Decide between mainland, free zone, or offshore company based on business goals and market reach.
3.Register Trade Name: Choose a unique trade name and register it with the Department of Economic Development (DED).
4.Obtain Initial Approval: Get approval from relevant authorities to ensure compliance with UAE laws.
5.Draft MOA and LSA: Prepare the Memorandum of Association (MOA) and, for mainland companies, a Local Service Agent (LSA) agreement.
6.Secure Office Space: Rent physical office space or use flexi-desk options in free zones.
7.Licensing and Permits: Apply for the necessary licenses and permits based on the business activity. Cost Considerations: The cost of setting up a business in the UAE varies by type and location, ranging from AED 15,000 to AED 50,000 for free zone setups, and higher for mainland companies due to additional regulatory requirements. Registering a company in the UAE provides access to a robust economy, strategic global positioning, and a favorable business environment, making it an attractive option for entrepreneurs worldwide.
