Dubai has become one of the most
popular foreign market for investors from all over the world. This is the
reason why hundreds of new companies are registered in Dubai every month. A
majority of investors prefer registering a limited liability company in Dubai
due to the legal covers that it offers to them. If you are also planning to
register a limited liability company in Dubai then the following tips will
surely help you register your business without any difficulties:
Find a UAE national as your business partner
If you don’t know already, you cannot register a limited liability company with
Dubai Economic Department without adding a UAE national as at least 51% partner
in your business. The one thing that should be very clear to you here is the
fact that adding a 51% local partner is mandatory for limited liability
companies in Dubai. However, if you believe that registering your business in a
Dubai free trade zone is the best option for you then you will not have to add
a UAE national as your partner. Dubai free trade zones offer 100% business
ownership to foreign investors which is the biggest reason behind their
success.
Shortlist a few company names
Next, you will have to shortlist a few company names for your business. If you
are wondering why you should shortlist multiple company names for your business
when you already have selected a company name for it then you must realize that
there will always be a chance that some other business will already have that
name. This is why, it is highly recommended for you to shortlist at least 5
different company names for your business. Once you have selected the best
company names for your business, you will have to get approval of one name that
you could use for your business along with the approval of business activities
of your company.
Find a suitable office for your business
You will now have to rent an office for your business. You cannot skip this
step as you will have to submit the tenancy contract of your office in Dubai
Economic Department to register your business.
Prepare and submit the MOA of your company to DED
Your limited liability company process will complete once you will prepare and
submit the Memorandum of Association of your company along with other required
documents to Dubai Economic Department.
