Starting a company in the UAE involves a clear and structured process, whether you're setting up on the Mainland, in a Free Zone, or Offshore. The steps may vary slightly based on the jurisdiction, but the core process includes the following:
- Choose the Business Activity: Select from the approved list of activities regulated by the Department of Economic Development (DED) or the respective Free Zone Authority.
- Select a Jurisdiction: Decide between Mainland (for full UAE market access), Free Zone (offers tax benefits and full foreign ownership), or Offshore (for international operations without a local office).
- Reserve a Trade Name: Propose a unique company name that meets the UAE’s naming regulations and does not conflict with existing businesses.
- Apply for Initial Approval: Submit passport copies, business plans (if required), and application forms for pre-approval.
- Lease Office Space: Secure a physical office or Flexi-desk, depending on your business type and jurisdiction.
- Submit Final Documents: Provide all legal documents, agreements, and lease contracts.
- Obtain Trade License: Once approved, pay the fees and receive your official business license.
- Apply for Visas and Open a Bank Account: Sponsor visas for owners and employees, and establish a corporate bank account.