adminLegal formalities for starting a small business Dubai you must know. The whole process will need only a week but you must be sorted.
Steps To Start A Small Business Dubai
You will need to follow few steps to start a small business in Dubai.
- Select the type of business you want to do
- Know the details about owning the company
- Read the legal structures like the restrictions
- Find a Trade Name that follows the legal rules
- You will have to pay a minimum capital at the begning
- Choose a perfect location for your type of business
- You may need to hire a manager or you may not be allowed to hire staffs
- A local agent is a mandatory
Documents Required
Here are the documents and certifications that are required for business setup in Dubai.
- License Application
- Attested LLC agreement
- Governmental forms
- Name reservation certificate
- Initial approval certificate
- External departments approval
- Tenancy contract
- EJARI registration certificate
- Passport copies partners and NOC for partners (if any)
- Dubai Chamber of Commerce and Industry Registration
Endorsements from Governmental Agencies (For Gas and Oil Companies) - UAE Central Bank Approval and License (For Financial Institutions)
Finance and Industry Ministry Certification (For Manufacturing Companies) - Economy and Commerce Ministry Certification (For Insurance Companies)
- Health Ministry Certification (For Medical & Pharmaceutical Firms)
Legal Requirements in setting up a small business Dubai
Legal forms and activities
When you apply for license you must determine your type of activity. The legal laws, conditions, requirements and fees depends on the nature of business you decide to do. Therefore you need to choose it wisely.
Trade Name Registration
This is the second most important thing to start a small business in Dubai. There are a set of rules and laws for selecting the right name. The name you choose must be legally permitted in UAE. So read the rules and regulations more carefully.
Small Business Approval
DED gives the approval to start a small business in Dubai. This approval is valid for only 3 months from the date of issue. Also if the approval expires you will start the procedure from the beginning.
License
A license is issues depending on the economic and legal status of the business. All the documents must be translated into Arabic before submitting. Also the documents must be attested by the ministry of Justice.