How to open a company for business setup in Dubai?
Key Takeaways:
- The first step is to define your business activity and choose the appropriate legal structure and jurisdiction (mainland or free zone).
- Secure trade name approval and gather all necessary personal and company documentation.
- Obtain an Initial Approval from the relevant authority, signaling their acceptance of your business proposal.
- Draft and notarize the Memorandum of Association (MOA) or Local Service Agent (LSA) agreement, if required by your chosen legal form.
- Lease a physical office space (mandatory for most setups) and obtain your trade license.
- Complete post-licensing requirements, including corporate bank account opening and visa processing.
Dubai has long been a beacon for entrepreneurs and investors globally, thanks to its strategic location, tax advantages, and supportive business environment. However, the process of a Business setup in Dubai involves several distinct steps, each requiring careful attention to detail and adherence to local regulations. While the process is streamlined, understanding …
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