New Company Registration in UAE ᐅ Make the right choice!

ᐅ What are the steps for new company registration in UAE?
To register a new company in the UAE, one must follow several essential steps. Initially, you need to select a business name that complies with UAE regulations. Then, choose a suitable business structure, whether it's a Limited Liability Company (LLC), Free Zone Company, or another form. After that, apply for a trade license, which requires submitting necessary documentation like your passport copies, the proposed business name, and initial approval from the relevant authorities. Once you receive your trade license, you can proceed with the local business registration, VAT registration if applicable, and opening a corporate bank account.

ᐅ How does VAT registration work for new companies in the UAE?
VAT registration in the UAE for new companies is a straightforward process. If your business turnover is expected to exceed AED 375,000 annually, you are required to register for VAT. This involves submitting an application through the Federal Tax Authority’s online portal, along with necessary documentation such as business details and financial projections. In case your turnover is below this threshold, registration is optional but can still be beneficial in terms of tax reclaim.

ᐅ What are the costs associated with new company setup in Dubai?
The costs can vary significantly based on the type of business and license required. Typically, expenses include trade license fees, registration fees, local sponsor fees if applicable, and costs for obtaining necessary permissions and approvals. Additional costs for office space and VAT registration also need to be considered. At Cassius Law, we can provide a detailed breakdown of these expenses based on your specific business requirements.

ᐅ Is it mandatory to have a local sponsor for company registration in Dubai?
For most business types, particularly LLCs, having a local sponsor is mandatory. A local sponsor is a UAE national who will hold 51% of the shares in the company. However, in certain free zones, 100% foreign ownership is allowed, eliminating the need for a local sponsor. Understanding the nuances of this requirement is essential, and we can guide you through this process.

ᐅ Can I register my business in UAE as a foreign national?
Yes, as a foreign national, you can register a business in the UAE. You have the option to set up in a free zone, which allows 100% ownership without a local partner or sponsor. Alternatively, if you choose to establish a business outside of the free zone, having a local sponsor will be necessary. Our team at Cassius Law can help you explore the best options based on your business goals.

ᐅ What type of licenses are available for new companies in Dubai?
New companies in Dubai can apply for various types of licenses, including commercial, professional, industrial, and tourism licenses. The type of license required will depend on the nature of your business activities. Understanding which license suits your business is crucial for compliance, and we can assist you in identifying the right one for your venture.

ᐅ What documentation is required for new company registration in the UAE?
The documentation needed generally includes passport copies of the owners and partners, a proposed trade name, a business plan, and approvals from relevant authorities if required. Additional documents, such as lease agreements for office space and identification of local sponsors, may also be necessary. We can help you compile the required documentation for a seamless registration process.

ᐅ What is the timeframe for new company registration in Dubai?
The timeframe can vary, but typically, new company registration in Dubai can take anywhere from a few days to several weeks, depending on the business type, location, and completeness of documentation. By opting for our services at Cassius Law, we can expedite this process, ensuring all the necessary steps are completed promptly.

ᐅ Are there specific requirements for expatriates to register a business in the UAE?
Ex-pats must adhere to certain requirements, including securing a residence visa, choosing the right business structure, and providing the necessary documentation. It is essential to familiarize yourself with the legal landscape, especially regarding local sponsorship requirements. Our legal expertise will ensure that you're fully informed and compliant in your business endeavors.

ᐅ How can Cassius Law assist in the new company registration process?
At Cassius Law, we specialize in assisting clients with the entire process of new company registration, from providing guidance on business structure and license acquisition to ensuring compliance with local laws. Our knowledgeable team will support you at each step, making the process smoother and less daunting. Reach out to us today for a consultation.

ᐅ What benefits does establishing a business in a UAE free zone provide?
Establishing a business in a UAE free zone offers numerous advantages, including 100% foreign ownership, tax exemptions, and the ability to repatriate all profits. Additionally, free zones often provide simplified licensing processes and excellent infrastructure. Our team can help evaluate which free zone best aligns with your business objectives.

ᐅ Do I need a physical office to register my new company in Dubai?
Yes, having a physical address is typically required for company registration in Dubai. However, in certain free zones, you may have the option of virtual office services. This can vary depending on the type of business and jurisdiction. We offer consultancy services to help you choose the best setup for your company.

At Cassius Law, we are dedicated to guiding you through the complexities of business registration in the UAE. From understanding VAT registration to ensuring compliance with local regulations, we have the expertise to make the process seamless. Please do not hesitate to contact us for any queries or assistance in establishing your business successfully in the UAE.