What are the steps to register company in UAE?
Setting up a business in UAE can seem complex but that’s why we are here to help. Here is a quick overview on the steps to register for a company in UAE
- Choose a business activity
- Finalize your company’s name
- Get all the paperwork done
- Process your business emigration card
- Apply for visa
- Apply and receive business license as per your business activity
- Open a bank account
What is the share capital requirement in UAE?
The share capital requirement in UAE is the amount of money invested by the owners in exchange for shares. Company directors usually tend to be shareholders of the company. Free zones have their own minimum share capital. You can visit our free zone pages for contact us directly for more info.
What is UAE local sponsor?
UAE local sponsors are shareholders in mainland companies. UAE local sponsors must be Emirati (UAE native).
Diference between Free zone and Mainland
Free Zone Company cannot conduct business in a non-free zone area without a local distributor but a mainland company can.
How to get a corporate bank account in UAE?
To open a bank account in UAE, you must have the following:
- Need to be physically present there, and not represented by an entity. When opening a new business in Dubai or the UAE, one of the biggest challenges for business owners is setting up a bank account. There are strict requirements to open a UAE corporate bank account.
- Entrepreneurs looking to open a new business in UAE must adhere to strict international regulations and restrictions. Obtaining a bank account can be a tedious process for those who want to do so.
- Professional CV – this must include your work experience and business experience in the last 5-7 years minimum. Your professional work experience must match the business you plan to open in the UAE.
- Utility Bill – issued in the last 3 months at max. This is to verify your address.
- Personal Bank Statement for each shareholder for the past 6 months
- Corporate Bank Statement for the past 6 months
- Corporate Document that shows proof ownership for your existing company
- Business Plan that includes all activity of the business – financial plan, brief business development plan, potential clients, suppliers (if it’s a trading company) and partners, and the background of the management team.