Embarking on your business journey in Dubai is an exhilarating endeavor, and ensuring you have the right documents is crucial for a seamless company setup. Here’s a comprehensive checklist to guide you through the incorporation process:
1. Trade Name Registration:
- Application for Trade Name Reservation
- Passport copies of shareholders
- Proposed trade name options
2. Legal Structure Documents:
- For LLCs: Memorandum of Association (MOA)
- Business activities description
- Shareholder details and ownership structure
- For Free Zone Companies: Articles of Association (AOA)
- Outlining the business structure and operations
3. Initial Approval:
- Application for Initial Approval from the Department of Economic Development (DED) or relevant free zone authority
- Passport copies of shareholders
- Proposed business activities and business plan
4. Workspace Lease Agreement:
- Lease agreement for the office space in Dubai
- Ejari certificate (Dubai’s real estate regulatory authority)
5. External Approvals:
- Depending on your business activity, you may need approvals from relevant government departments:
- Example: Approval from the Ministry of Health for health-related businesses
6. Business License Application:
- Completed business license application form
- Passport copies of shareholders
- Initial approval from DED or the respective free zone authority
- Lease agreement for the office space
7. Bank Account Opening:
- Application for corporate bank account
- Business license
- MOA or AOA
- Passport copies and proof of address for shareholders
- Bank reference letters
8. Visa Processing:
- Application for the establishment card (for investors and partners)
- Visa application forms for shareholders and employees
- Passport copies and passport-size photos
- Medical fitness certificate
- Emirates ID application forms
9. Dubai Chamber of Commerce Membership:
- Application for membership with the Dubai Chamber of Commerce and Industry
- Business license
- MOA or AOA
- Passport copies of shareholders
10. Miscellaneous Documents:
- Power of Attorney (if applicable)
- No Objection Certificate (NOC) from existing sponsor (for certain cases)
- External approvals from relevant authorities (if applicable)
Ensuring that you have all the necessary documents in order will not only expedite the process but also contribute to a successful and compliant company setup in Dubai. It’s recommended to work closely with legal consultants or business advisors familiar with the local regulations to ensure a smooth incorporation journey. Cheers to your Dubai debut and the exciting business ventures that lie ahead!