Establishing a company in Dubai has become easier than ever, but there are still essential steps that must be understood before starting to ensure the process proceeds correctly and quickly.
1. Select the Appropriate Business Activity
The success of your company begins with choosing the correct activity. Activities vary between commercial, professional, industrial, and e-commerce activities. Choosing the activity determines:
- The type of license.
- The required government authorities for approvals.
- The ease of opening a bank account.
2. Determine the Company’s Legal Form
There are several legal forms, such as:
- Sole Establishment (Individual Establishment)
- Limited Liability Company (LLC)
- Civil Company The choice of legal form depends on the number of partners and the nature of the activity.
3. Register the Trade Name
A trade name must be chosen that complies with the conditions set by the Department of Economic Development (DED):
- It must not be similar to an existing name.
- It must not contain inappropriate language.
- It should be related to the activity, if possible.
4. Obtain the Trade License
After preparing the required documents, the application for the trade license is submitted and fees are paid to receive your license within a short time.
5. Open a Corporate Bank Account
After receiving the license, you can apply to open a corporate bank account. It is advisable to choose a bank suitable for the nature of your activity.
6. Post-Establishment Procedures
These include:
- Establishment Card (E-channel Card)
- Work Permits
- Employee Contracts
- Residency Renewals
The Golden Queen provides you with complete follow-up for every step to ensure your company is established in record time and without any complications.