Before you start to engage in economic activity in Dubai and apply for a license, we have to read this information and the key steps outlined below, which contribute to achieving the requirements of practicing economic accurately.
• Assumed at the outset determine the type of activity / activities to be practiced (commercial, industrial or professional), note that the total activities that may be contained in a single license must be no more than ten and that the activities to be homogeneous in nature, for more details, please see search service commercial activities .
• Determine the legal form of the facility, which is determined based on the type of activity / activities required and the number of applicants and the application of their nationality. For more details, see the legal forms of companies .
• Sure to provide all the requirements and conditions of license to be obtained, for more details, see the registration of new companies .
• Select the brand name of the facility according to the conditions and laws, for more details, please see the service Tradename electronically .
• Apply to the Department for preliminary approval, keeping the brand name, either in person to the building department or foreign branches or through e-services available on the site.
• After obtaining the approval of the rental site can conduct business and communicate with the Planning Department of Dubai Municipality to ensure suitability for the exercise of the activity.
• Processing of all required documents and the progress of the Department of Foreign Affairs or a branch to pay the fees and get the final license.
• Apply for a branch circuit to obtain a permit banner is necessary for the exercise of economic action.
First - the citizens of the State:
Citizens of the state may exercise all the commercial activities and professional and industry when they meet the requirements and conditions and activities they can engage in one of the following legal forms:
• Individual institution.
• Company with limited liability / solidarity.
• Private joint stock company / general.
• Civil business company.
Secondly - the citizens of the Gulf Cooperation Council states:
May GCC citizens the exercise of most commercial activities, professional and industrial when they meet the requirements and conditions (other than the activities of the Hajj and Umrah services and commercial agencies and the role for the disabled and aged care, community service and printing presses and publishing houses, newspapers and magazines as they are limited to citizens of the United Arab Emirates), and they can engage in activities in one way the following legal:
• Individual institution.
• A limited liability company: The required here that all the partners of citizens of GCC countries, and in the case of a partner or more possessing the nationality of the other Vistrt here and having a partner or more UAE nationals so that not less than its share / share of 51% of the paid-up capital .
• Public company / private: the required here that all the partners and who should not be less than three of the citizens of GCC countries, and in the case of a partner or more children possessing the nationality of the other Vistrt here and having a partner or more UAE nationals so that not less than its share / share 51% of the paid-up capital:
(Example: Gulf partner and a partner and newcomer requires a partner of the citizens of the state)
• Civil business company: It is permissible for two or more of the citizens of the States to establish a civil business company to practice a specific profession without the requirement to appoint a local agent, but in the case of a partner or more than non-GCC citizens shall be appointed a local agent of UAE nationals or as a partner.
Thirdly - the citizens of other States:
May the citizens of other countries, whether Arab or foreign economic activities one of the following legal forms:
• Individual institution: may be established for the conduct of one individual professional activities only provided the appointment of a local agent of the citizens of the United Arab Emirates
• A limited liability company: establishes this kind of companies to engage in a commercial or industrial activity is required here and having a partner or more UAE nationals so that not less than its share / share of 51% of the paid-up capital.
• Private joint stock company: establish this type of company to engage in a commercial or industrial activity is required here and having a partner or more UAE nationals so that not less than its share / share of 51% of the paid-up capital
• Civil business company: It is permissible for two people to establish a civil business company for the conduct of professional activity, provided that the appointment of a local agent of the citizens of the UAE, or as a partner.
IV - Foreign Companies:
Permissible for companies incorporated outside the UAE engage in a commercial or industrial activity or professional one of the following legal forms:
• Branch of a foreign company.
• A limited liability company: establishes this kind of companies to engage in a commercial or industrial activity is required here and having a partner or more UAE nationals so that not less than its share / share of 51% of the paid-up capital
• Public company / private: establish this type of company to engage in a commercial or industrial activity is required here and having a partner or more UAE nationals so that not less than its share / share of 51% of the paid-up capital.
For More Details.
Kind Regards
Mohammed Faisal
SME Consultant
Suite No. 12, The Iridium, Al Barsha,
P.O.Box: 183827, Dubai, U.A.E.
Phone: +971 4 341 9701 Ext: 146
Fax: +971 4 341 9702
Mobile: +971 55 2419200
Email: faisal@adamadvisors.com
Web: www.dbamc.com
ISO 9001:2008 NO: ME/08/1147
Paralegal Services International trading as ADAM Advisors
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