What are the requirements for starting a business in Dubai?
Many foreign investors want to open a business in the Free Trade Zone of Dubai. Because Dubai offers a simpler process and requires some documents. The main steps are as follows.
Choice of Type of Legal Entity - Free Zone Limited There are two types of Live Company or Free Zone Company and Free Zone Installation.
· Select your company name and check the conditions set by the Free Zone Authority.
· Please apply for a business license from the local authorities according to your original activities.
· Where to find an office (virtual office can help); You can buy or rent it.
· Register your business and purchase a license.
Different zones have different capital requirements. For example, 150,000 AADs are required. One company is S&F Consulting Firm. Before starting a business in Dubai, it is a good idea to contact the relevant agencies to learn about the process of starting a business in all the free regions and the process of alliance activities. In general, you can do business in many areas of the free world, including finance, education, retail, and immigration.
Commercial law does not have to provide a minimum amount before registering the Dubai Limited leasing companies. Therefore, the shareholders determine the amount necessary to achieve this objective. For common stock companies, there are other capital requirements that relate to the business.
- · A listed company needs at least $ 10 million in capital.
- · Insurance and investment companies require a minimum capital of 25 million US dollars.
- · Financial institutions need a minimum capital of AED 40 million.
The Dubai Chamber of Commerce issues the following types of business licenses:
- · commercial or commercial licenses
- · commercial licenses
- · Professional license
Are there any other requirements for starting a business in Dubai?
Other requirements for starting a business in Dubai are:
- · company notes and association representatives as well as notarized articles,
- · Opening a company bank account
- · The basic workers are pastors,
- · Registered local workers in the Social Security Office
If you want to start a business in Dubai, you can contact the company's production staff who can help you integrate the company into other important companies like Singapore.
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