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Company Formation

company formation in uae

The Initial Steps Of Company Formation In Dubai

company formation in uae The Initial Steps Of Company Formation In Dubai The Department of Economic Development in Dubai envisions rapid business growth in the state by offering a launch pad to all aspiring business owners and facilitating them with smooth operations, without any encumbrances of time-consuming procedures and administration constraints. This has made Company formation in Dubai, relatively an easier process for native and international aspirants alike.
Before getting on to the initial steps of Dubai business formation, it is a good idea to get detailed insights into the Dubai business jurisdictions and the set-allowances in different business models.

In the bigger picture, there are 2 jurisdictions governing Company formation in Dubai. They are:

  • Mainland
  • Free Zones
Both these jurisdictions are different and offer exclusive advantages to companies forming businesses in Dubai, based on the type of business and activities undertaken. If you are planning your company formation in the Dubai mainland, you also need to obtain your Dubai business license after registering with DED.
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Types of Business Structures in Dubai

Initial steps in Company formation in Dubai involve:

  • Initial Approval
  • License Issuance
  • License Renewal
  • General License Modification
  • Modification of Business Location
  • Addition/Removal of Business Activities
  • Change of Local Service Agent
  • Change of Partnership Stakes
  • Partner Addition / Removal
  • License Freezing
  • Trade Name Change
  • Manager Change
  • Liquidation or Sale of Business
  • License Cancellation
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Here is all you need to do in the process:
  • Decide the Business Activities
  • Finalize a Trade Name
  • Decide the Business Location
Initial steps associated with Dubai business formation that we help you with:
  • Legal Form Selection
  • Application for Initial Approval
  • Preparation of MOA & LSA Agreements
  • Getting Business Approvals
  • Collecting the Business License
The process of obtaining a business license for company formation in Dubai depends greatly on the type of activities you undertake, as they determine the type of legal forms you need to fill in and also the parties associated with those operations.

The business operations or activities in Dubai are broadly classified into the following groups:

  • Industrial Activities
  • Commercial Activities
  • Professional Activities
  • Tourism Activities

There may be other activities that require approval from Governmental bodies. So, if the business activity you are planning to undertake doesn’t fall into the above-listed categories, you must draft a concise description of the activity and send an email to info@dubaided.gov.ae for enquiry. You can also use the activities classification section in DED to report.

FAQ for Accounting & Tax in Dubai
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Below are some examples of activities with their categorization:
  • Road Transport Related Activities – Commercial
  • Legal Activities – Professional
  • Travel Agencies – Tourism

Apart from legal forms and activity types, there are other laws applicable by DED or other governing bodies. At Al Zora, we help you right from the time you conceive your business idea for company formation in Dubai and walks you through the process of approvals and documentation.

We get every business and personal tax deductions and rebates you are entitled to ensuring the maximum tax refund.

We Believe in Best Quality

Competence, Integrity and Reliability is our main mantra.

We Believe in Good Relation

We strive for life term relationship with you on your financial journey.

We Believe in Service

We will move extra mile with our service to make your life easier.

Our Accounting and Bookkeeping Services Dubai and UAE

Excellence Accounting Services focuses on the following aspects of accounting and bookkeeping:

Accounting Software

We can help you choose the ideal accounting software package and guide you on keeping your records and books, setup suppliers, reconcile banks, customers, and so on.

Accounting Software Integration

Our specialists use the till system, online payment systems. We review VAT on transaction transfers accurately to the accounts program and rectify VAT.

Record Keeping

EAS can manage your data entry, raise sales invoices, review statements of accounts and handle purchase accounts.

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Reconciliations

We help to reconcile Credit Cards, PayPal and other key accounts of your business.

Correct Asset Register

Our bookkeeping and accounting specialists will maintain an asset register on behalf of the client.

Basic Reports Preparation

We prepare different reports to help companies manage their business efficiently. From Aged Debtor, Profit and Loss and Credit Reports tailored to the business.

Client Testimonials

We’re very proud to say that we’re the best Tax Advisors in Dubai, UAE. Don’t take our word, Take our clients’.
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“Great set of people providing corporate tax, accounting and vat services. Handled my business profile professionally and guided me to the best possible solutions. Recommended and good luck to you and your team.”

Aslam Sheik

UrbanAcres, LLC
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“I can’t say enough positive things about Al Zora. They are truly the best accounting firm in Dubai. Their team of experts has helped us navigate complex financial challenges with ease. Their attention to detail, professionalism, and expertise make them the go-to choice for any business in need of accounting services. I highly recommend Al Zora for all your financial needs.”

Rashida E

H&H Legal Partners
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“Thanks to the VAT consultants at Al Zora, our VAT compliance is in safe hands. Their proactive approach and attention to detail have provided us with peace of mind. They are the best VAT consultants in Dubai.”

Abdu Rahman

SavvyMarket

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