Dubai offers financial perks, tax benefits, flexibility on ownership, astounding infrastructure, top-notch state-of-the-art amenities as well as improvised governmental schemes, that makes company registration in Dubai extremely appealing. However, before understanding how to register a company or the company registration process it is crucial to comprehend the factors that differentiate this process.
While you might presume that the process of company registration is the same for every enterprise, there are several pre-regulatory aspects as well as factors that differentiate the process of Dubai company registration. Identifying the needs specifically for your business activity or the approvals and sanctions a business type or ownership requires offer better leverage to the businessmen.
Check out the factors that diverge the process of company registration in Dubai:
1. Type of Business
Dubai Businesses are divided into three main types – professional, commercial and industrial. Further, the business idea you deal with defines the type of business. Nevertheless, Dubai company registration process highly fluctuates depending on the business type.
2. Ownership and Partnership
According to the Department of Economic Development, a business license is conceded only when a 51% partnership is provided to an Emirati. And, if you would like to be a sole entrepreneur there are numerous free zones offering sole ownership partnership, etc. Whichever category of ownership you seek, the process of company registration in Dubai would differentiate.
3. Legal Form of the Business
The legal form of the business is driven on the basis of the business idea, the activity conducted, the ownership and the jursidiction of the company. Every legal form will have a set of constraint, formalities and advantages denoted as per the company type. On supplementary, this could also differentiate the process of Dubai company registration to be undertaken, that will represent the companies procedures and will provide a framework for the dealings. The various legal forms are the sole proprietorship, civil company, limited liability company, private shareholding company, etc.
4. The Rental Office
Renting an office and registering your lease or tenancy contract as well as getting it notarized and approved differs through the process of Dubai company registration. An LLC company registration would require an authorization from the Ejari- Land Department & RERA, on the other hand, a freezone company in Dubai seeking registration will deal with the freezone authority of the jurisdiction opted.
Depending on your commercial activity there is a list of notarizations, approvals and documents a business may require, although the government strives to make it as hassle free as possible the entire process of Dubai company registration keeps shuffling depending on the requirements of the business. To find out what distinguishes the process of company registration in Dubai for your business or to know more about business name registration or Dubai company registration costs contact Shuraa Business Setup today!