What are the documents that need to be filled before starting a business in Dubai?
The specific documents required to start a business in Dubai may vary depending on the type of business activity and legal structure you choose. However, generally speaking, here are some of the documents you may need to prepare:
- Trade Name Reservation: This is the first step in the business registration process, and you will need to reserve a trade name for your business. The trade name must be approved by the Department of Economic Development (DED).
- Initial Approval: This is a document issued by the DED that allows you to proceed with the registration process. You will need to submit the trade name reservation certificate, passport copies of all shareholders, and the proposed business activity.
- Memorandum of Association (MOA): The MOA outlines the company's structure, the shareholders' roles and responsibilities, and the distribution of shares. The MOA must be notarized by a public notary in Dubai.
- Articles of Association (AOA): The AOA sets out the rules and regulations that govern the company's internal affairs. It must also be notarized by a public notary in Dubai.
- Tenancy Contract: You will need to provide a tenancy contract for the business location. The contract must be registered with Ejari, a government portal that records all rental contracts in Dubai.
- License Application: You will need to submit a license application form, which includes details of the business activity, location, shareholders, and capital.
- Bank Letter: You will need to provide a bank letter that shows you have deposited the minimum share capital required for your business activity.
- Passport Copies: You will need to provide passport copies of all shareholders.
- Visa Application: If you are a foreign investor, you will need to apply for a residence visa.
It is recommended to seek the assistance of a business consultant or a local sponsor in Dubai to ensure that you meet all the requirements and comply with the regulations of the DED.
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