Offshore Company Formation In Dubai

Depending on the nature of the activity a business entity plans to undertake, a license in one of these categories will be issued:

1. Commercial License – is issued to a company that will engage in any trading activity.

2. Industrial License – is issued to a company that will engage in manufacturing or any industrial activity.

3. Professional License – is issued to service providers, professionals, artisans, and artisans.

The Dubai Economic Department for Business Development issues Dubai company/business licenses. This department operates from several locations to deliver licensing services in Dubai, UAE.

• The first step in incorporating a company in Dubai is getting an effective legal name for the business entity. One can choose any name for the company, including the name of the company, its address, the name of its director and the management team, and many more. The company’s legal name must comply with the laws of the country where it is incorporated. An expert firm will help you choose the name of the company accordingly. Another factor you need to consider is that the company’s name should be clear.
• Once you have selected the company’s name, you have to get ownership of the business. If you need to learn how to start an LLC in Dubai, this aspect is the responsibility of the firm you have chosen to do the task for you. Regarding the ownership of the business, you need to contact an experienced business lawyer who will help you carry out the procedure legally. Once you complete incorporating the company in Dubai, register it at the Companies Registry. You must provide all the details about the nature of the business, the owners and the type of trade you undertake. All these details are mandatory, and you must submit them along with the application form in the database maintained by the Registry.
• After registering the company, you need to register the company. This process can be done online or by visiting the Companies Registry office in the city. You need to pay a nominal fee for the registration and provide the directors’ latest contact information to the registry authorities. How do I start an LLC in Dubai? Then, you must know that this process can be completed within three months of filing the first set of forms.
• Now, you need to decide about the capitalization of the business. This decision depends on your requirements and the profit margins you can get from the business. For instance, if you are running a small retail business, you can start a limited liability company with a capital of only a few thousand dollars. However, if you plan to set up a manufacturing business, you must have a business plan that includes figures regarding investments, profits, losses, etc. That is why it is necessary to have a well-written business plan before starting the business.
• The next step in the process of how to start an LLC in Dubai is to find a name for your company. Choosing the company’s name when you apply for its registration is not mandatory. But, if you are going to establish a limited liability company, you must use the name of your company or brand. Again, you have to select a trademark that will be able to represent your company and its products. For instance, if you are dealing in the manufacturing of sports equipment, you can choose the name of the brand or purchase a trademark from the trademark department of the United States Patent and Trademark Office.
• After you have chosen your company’s name and trademark, you need to register the name. This is done by filing the appropriate paperwork with the concerned office. However, you must remember that even if your company name is registered, the term can still be changed anytime. Therefore, you have to keep this factor in mind. Even if you have registered your company’s name, you should still check on it once in a while so that you can make the necessary changes as and when required.
• One crucial point that you have to consider when you want to set up an LLC in Dubai is the formation procedure. You must complete the courses and formalities required to get a legally registered company up and running. In addition, you will also have to abide by specific laws, regulations and rules to become functional as a business unit. To deal with these requirements, you should seek help from a company specialising in establishing a limited liability company in Dubai. You can discuss the details of the company’s formation with this company, and you can also look at the services they are offering to get the ball rolling.