If you have just started a new business venture in Dubai, you might wonder what you need to do to set up a company. This article will cover the different aspects of setting up a company in Dubai, including the cost of licensing and document clearance, office space availability, and the experience of an Arab Business Consultant. By the time you’ve finished reading this article, you’ll be well on your way to having a successful business.
There are many legal processes for setting up a business in the UAE. Whether it is a branch, representative office, professional partnership or sole proprietorship, you must complete the following steps before starting a business in Dubai. Setting up a company in Dubai entails dealing with several federal and institutional bodies to receive approval for your business.
Firstly, you will need to select a name for your company. After deciding on a name, you will need to submit the required documents. Your business memorandum of association must contain all the necessary information, the company’s board resolutions, and powers of attorney. You will need a bank guarantee of at least AED50,000 as well. Once the documents are in place, you can proceed with the application.