Trade license
UAE has been the hub of international trade in the region. It has attracted investors from all around the globe & the authorities have made sure their guidelines and processes are streamlined and ready to take on the challenge of dealing with the influx of investments into different industries from across the globe. The authorities have a way of handling procedures and the business environment that Dubai has, was possible only due to the way the country has organized itself to handle everything through due process. In order to run your own business setup in UAE, you must have a valid trade license issued by the Department of Economic Development. The Department for Economic Development also deals with local and foreign investors. Entrepreneurs wishing to incorporate or own a business setup in UAE face certain hurdles. AZAN Corporate Services provides entrepreneurs and investors with all required and viable solutions to do so.
Strong foundation for Successful Future
company registration process
- Decide who will partner with the company or a local sponsor.
- Decide the role played by the local partner in business matters.
- Decide on fee the company is prepared to pay each year.
- Reserve a name for the company and get required approval for the name and business activities from DED.
- Decide a place for office premises and get a tenancy contract.
- This contract is necessary for getting the company registered
- Creation of Memorandum of Association (MOA) with the sponsor and its submission to the DED.
- A legal firm or business consultants in Dubai may be hired for the development of MOA which is going to highlight business activities, special arrangements, and share of the partners in the company
- The MOA and the license application has to be submitted to the DED with other required legal documents and the tenancy contract.
- Applicable fees and charges will have to be paid and a trade license can be obtained a week or two after the submission of application.