INCORPORATING YOUR BUSINESS IN DUBAI
Yes, in order to carry out business in the Dubai, an investor is required to establish a formal legal presence (directly or indirectly – through a commercial agent) in Dubai. There are many options open to foreign companies and individuals who seek to establish a business presence in Dubai. These are some of the common types of arrangements/entities:
A limited liability company
A branch of a foreign company
A free zone company
A civil company
A commercial agency
Carrying out a business in Dubai without the necessary licenses and permits is considered illegal and can call for huge penalties and fines.
Yes, an office space is a mandatory requirement for all kinds of companies incorporated in Dubai. To minimize costs, you may opt to rent a small office space or avail the flexi desk or work station options provided by the various free zones in Dubai.
This will entirely depend on the type of business you intend to carry out in Dubai. It is very important to choose the right licensing location for your business. While deciding the business location companies should give primary importance to their long term objectives and factors like the type of business, the type and place of customers, possible government tenders, import and export etc. before making a decision.
The fees you will need to pay will depend on factors like the type of business you intend to set up and the licensing zone you choose. You will have to initially budget for the following:
translation and attestation costs,
fee payable to local partner or agent etc.
Yes, in the Dubai and UAE, all companies should renew their licenses annually. Failure to renew the license will result in the company incurring fines and penalties and other sanctions which can deny the company access to various government services.
Being one of the top law firms in Dubai, James Berry & Associates have qualified and experienced lawyers in Dubai who can assist you with the interpretation of the Dubai Creative Clusters Private Companies Regulations
To know more contact Deepa - email@example.com
This is a general guide on the subject matter and should not be construed as specific legal advice.
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