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The first and foremost step in setting up a company in Dubai is selecting the appropriate business category and activity. With over 1,500 business activities available in the UAE, it is essential to choose the one that aligns with your business goals. The Department of Economic Development (DED) in Dubai serves as the regulatory authority overseeing all legal business activities in the region.
Select a unique name for your company, ensuring it does not match any existing businesses in Dubai. Once you have chosen a name and received approval, proceed with registering it with the Department of Economic Development (DED). The registration process usually takes approximately three days.
Once your company name is registered, the next step is to apply for a mainland trade license. However, certain commercial activities are restricted under DED regulations. The Department of Economic Development (DED) is responsible for determining, regulating, classifying, approving, and licensing all economic activities in Dubai. Obtaining a trade license requires submitting several essential documents. Creative Zone can provide guidance and assistance throughout this process.
In the UAE, office spaces are typically owned by third-party providers, with customizable packages based on your business needs. It is important to ensure that the tenancy agreement, Real Estate Regulation Authority (RERA) documents, and EJARI registration are submitted following the initial approval from the Department of Economic Development (DED). While having a dedicated office space is not always mandatory, opting for a coworking space can be a more cost-effective solution. Creative Zone offers coworking space options to help businesses save on overhead costs.
The Memorandum of Association (MoA) is a critical document when establishing a company in Dubai, as it details the share distribution, limitations, and rights of each partner. Given its significance, it must be drafted with precision. Legal experts at Noble Core are available to assist you in preparing this document.
Once all documentation and approvals are completed, proceed with the required fee payment to obtain your business license. This marks the official recognition of your company and grants you legal authorization to operate in Dubai Mainland.
After securing your trade license, the next step is to open a corporate bank account. With advancements in digital banking, this process has become more efficient and can typically be completed within a few days. Our team of banking experts is available to guide you through each step, ensuring a smooth and hassle-free experience.
