Unlock the doors to your business success in the UAE
We provide complete company formation and market entry solutions for multinational corporations, small to medium enterprises, entrepreneurs, and those who are looking to setup and register their business all throughout the UAE.
Years experience
Company opened in UAE
How would I go about setting up my business in Dubai or the UAE?
When starting a business in the UAE, it is important to have the right corporate structure that suits the needs and purpose of your business.
With detailed analysis, we identify what the right corporate structure would be for your business that maximizes profitability, reduces risk, and enables you to retain a 100% control of your business.
Once complete, your business will be highly profitable, compliant and controlled by you; putting you ahead of your competition.
How does the process work?
1. Expert Consultation
Begin your journey with personalized guidance from Fasttrack Consultants. We offer precise insights and strategies tailored to your business objectives.
2. Business Review and Strategy
Work with our Corporate Structuring, tax, and compliance specialists to develop a successful business strategy. We assist in navigating the complexities of selecting the appropriate business activity, license, and shareholding and tax structure.
3. Seamless Licensing, Banking, and Visa Processes
Allow us to handle the necessary procedures while you focus on expanding your business. We will support you in:
- Choosing a company name and obtaining initial or preliminary approval.
- Securing any required third-party government approvals.
- Preparing the company’s Memorandum and Articles of Association.
- Finalizing the company’s registered address.
- Completing business license registration with the Department of Economy and Tourism.
- Registering the company with relevant government departments.
- Applying for investor, employee, and dependent visas.
- Completing post-license processes such as Ultimate Beneficial Ownership registration.
- Opening a corporate bank account.
Depending on your company’s requirements, we assist in choosing between forming a company in free zones or mainland Dubai and the UAE. From obtaining approvals to opening bank accounts and securing visas, we ensure a smooth and efficient process.
FAQs on business formation in UAE
What are the license types available in Dubai and the UAE?
There are six types of licenses offered by the UAE:
- Commercial License
- Professional License
- Industrial License
- Tourism License
- Occupational License
- Agricultural License
For expert consultation, contact Fasttrack Consultancy via email at info@fasttrackconsultancy.ae email or call +97165225808 today.
What is the minimum capital requirement for setting a company up?
The minimum capital requirement for establishing a business in Dubai and the UAE can vary depending on the legal structure and specific criteria of the chosen jurisdiction (mainland or free zone). Some licensing authorities may mandate paid-up capital, while others do not.
I am a foreigner. Can I own 100% of a company?
Foreigners can own 100% of a company in Dubai and the UAE. According to Federal Decree-Law No. (32) of 2021, foreign investors are permitted to own 100% of their companies in certain sectors of the economy.
However, while some industries and free zones allow 100% foreign ownership, there are still restrictions for specific activities and licenses.
For expert consultation, contact Fasttrack Consultancy via email at info@fasttrackconsultancy.ae email or call +97165225808 today.
How long will it take to incorporate my company?
In general, basic free zone and certain mainland company structures can be established in approximately 3 days. However, for complex structures, the timeframe for setting up a company in Dubai and the UAE can vary depending on several factors, including the type of company, ownership and structure, and business activities.
For expert consultation, contact Fasttrack Consultancy via email at info@fasttrackconsultancy.ae email or call +97165225808 today.
What documents do I need to register my company?
Documents required to establish a Limited Liability Company in Dubai and the UAE include:
- Identification documents of General Manager and Shareholder an (Passport, Entry Stamp/ Residence Visa, Emirates ID)
- No Objection Certificate if General Manager and Shareholder have an existing UAE residence visa
- Initial Approvals from the Department of Economy and Tourism and Ministry of Economy e.g., Trade Name Reservation Certificate
- Business Activities
- Ejari Certificate
- Notarised Memorandum of Association
Documents required to establish a mainland branch in Dubai and the UAE include:
- Parent Company Documents – Memorandum of Association, Articles of Association, Certificate of Incorporation, Trade License, and Certificate of Good Standing
- Board Resolution from the Parent Company
- Power of Attorney for the General Manager
- 2-year Audited Financial Statement
- Identification documents of Local Service Agent
- Identification documents of the General Manager
- Local Service Agreement
- Initial Approvals from the Department of Economy and Tourism and Ministry of Economy e.g., Trade Name Reservation Certificate
- Proof of address of the owners (Ejari Certificate)
- Notarised tenancy contract for the business location
- Completed and signed registration forms
Documents required to establish a freezone company in Dubai and the UAE include:
- Corporate Shareholder: Parent Company Documents – Memorandum of Association, Articles of Association, Certificate of Incorporation, Trade License, and Certificate of Good Standing, Board Resolution, Power of Attorney
- Individual Shareholder: Identification Documents of the Shareholder (Passport, Entry Stamp/ Residence Visa, Emirates ID)
- Identification documents of General Manager (Passport, Entry Stamp/ Residence Visa, Emirates ID)
- Memorandum and Articles of Association
Can a non-resident be the director or shareholder of a company?
A director or shareholder of a UAE company can be a non-resident of the UAE. There are no limitations on the citizenship and nationality of shareholders and directors of businesses registered in the UAE free zones. However, certain activities for mainland companies require the mandatory involvement of a local resident as a shareholder. Additionally, for opening a corporate bank account, the director and authorized signatory of the company will need a UAE resident visa
What is the process of closing or liquidating my company?
If you decide not to renew your company trade license and wish to liquidate the company, you must follow the formal company closure process regulated by your licensing authority.
For expert consultation, contact Fasttrack Consultancy via email at info@fasttrackconsultancy.ae email or call +97165225808 today