How to start a company setup in Dubai 2024

company setup in dubai

Starting a company setup in Dubai in 2024 is going to be a venture towards success and is full of exciting prospects. This city and the entire UAE are growing higher than all the expectations. So, it is the best time for setting up a business here. Even if you are a foreign entrepreneur, starting a branch in Dubai is a bull’s eye shot for you. You can enjoy a multitude of possibilities, and it opens up a world to the global market. The success figure for 2023 shows how attractive starting a business setup in Dubai 2024 is. The procedures and all have made it simple, which helps you start your business faster than ever. You can always call Marqueway to start your business in the city. Our experts will help you in setting up your business here. Now, let’s have a look at the procedures for that.

Steps to start a company setup in Dubai in 2024

1) Decide the activities of your company

This is the first and foremost step in starting a company. The rest of the procedures, including the type of license and all other official and productive aspects, are carried out based on the activities of your business setup. Furthermore, you can choose your business zones in Dubai, which are Freezone, Mainland, and Offshore, based on what is best for your activities.

2) Select your company name

The next crucial step in establishing your company is selecting an appropriate name, taking into account Dubai’s specific requirements. It’s important to note that offensive names or references to gods’ names or any religious figures are not permitted. Additionally, avoid the use of abbreviations in the company name. If naming the company after a person, ensure that the individual is either the owner or a partner.

After settling on a name, proceed to register it with the Department of Economic Development (DED). Keep in mind that the DED reserves the right to reject a name if it resembles other existing companies. Verify the availability and conformity of the chosen name before finalizing the registration.

3) Draft and Obtain a Memorandum of Association (MoA)

An essential component of company setup in Dubai is the Memorandum of Association (MoA). This contract, signed by all shareholders, outlines key clauses, including the nature of the business, company capital, issued shares, and other pertinent business details.

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4) Secure Preparatory Approvals and Permissions

Depending on your business type, it’s crucial to obtain initial approvals and permissions from legal authorities. Engage your lawyer or business consultants to facilitate this process, leveraging their expertise in navigating the requirements for your business setup in Dubai.

5) Apply for Trade License

Initiate the trade license application process by ensuring your business activities align with the licenses offered by the UAE government. Choose from professional, commercial, or industrial licenses based on your business nature. For activities like training and industrial pursuits, Limited liability company (LLCs) are highly recommended.

6) Secure Office Space

Renting a suitable office space is a fundamental step in the Dubai company setup. Choose a location and office space that aligns with your business activities. Register with Ejari to obtain a tenancy contract, generating a unique Ejari number for future reference.

Keep in mind that obtaining a license requires a valid office address. For offshore companies, the registered agent’s address becomes the official company address.

7) Document Submission and Finalization

Complete the process for starting the company setup in Dubai by meticulously handling all documentation. Submit copies of passports and visas for you and your partners. Obtain final approvals, permissions, and certifications from the Department of Economic Development (DED) to ensure an easy setup.

Start your business setup with Marqueway

The process of setting up a company in Dubai is easy and speedy, although you need to be aware of each and every aspect of the procedures and ensure that the documents are proper.

If you want to eliminate all those stresses and make the procedure easier than ever, feel free to contact Marqueway. We are a group of experts who are professionals in guiding you to start your company setup in Dubai without any bit of stress.
We are always within your reach. Let’s make your journey stress-free.

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