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Dubai, being the central hub of innovation and technology, is an attractive spot for business and services. People from all around the globe want to establish themselves in this rich Emirate of the UAE, either through company formation in Dubai or by gaining a Dubai work visa.
Similarly, practitioners from different fields work together by forming partnerships and establishing civil companies in Dubai. Those people engaged in the fields of medicine, law, accounting, and so on find it very useful. In this blog, we will be taking a dig at the civil company in Dubai, eligibility, benefits, license cost, and so on. So let us start with the exact meaning of it.
A civil company in Dubai is a partnership between two or more individuals, both locals and foreigners, to provide professional services. While foreign nationals can have 100% ownership, they must appoint a Local Service Agent (LSA) to assist with legal formalities and government approvals. The LSA does not have any ownership or financial stake in the company. This partnership business structure in UAE allows professionals to establish their businesses in Dubai and offer a wide range of services to clients, contributing to the emirate’s diverse economy.
Here are the key requirements for the establishment of a civil company in Dubai:
Here is a step by step procedure to set up a civil company in Dubai.
Select a unique and appropriate name for your company. Determine the specific activities your company will undertake.
Hire a UAE national to act as your legal representative. The local service agent will assist with legal formalities and government approvals.
Submit an application to the Department of Economic Development (DED) for initial approval.
Choose a physical office space or opt for a virtual office. It depends on nature of your business and type of license you need.
Draft a Memorandum of Association (MOA) outlining the company’s structure and operations. Prepare a Local Service Agent Agreement detailing the relationship between the foreign partner(s) and the local agent.
Submit the completed application form, along with required documents such as passport copies, visa copies, and a lease agreement.
Pay the necessary fees to the DED. Upon approval, you will receive your trade license.
For a more defined version and details, you can get in touch with Dubiz Business Setup and get a helping hand with company formation in Dubai.
Here are the key differences between the two.
When selecting the best business structure for your venture in Dubai, take these considerations into great consideration.
There are various benefits to forming a civil company in Dubai, which include the operational system as well as the business aspect. Here are some of the major benefits:
To start a civil company in Dubai you would be required to get a professional license in Dubai, which might cost you about AED 7,000* (government cost). With Dubiz, you get an exclusive civil company license package that will cost you around AED 14,000* and will take care of your essential needs. For more details, you can contact Dubiz Business Setup.
You will find a team of dedicated professionals at Dubiz Business Setup who not only have the knowledge but will also provide you with the right advice when it comes to company formation in the UAE. While our main service is to help you as a business in the Emirates, we can also help you with visas like the Dubai work visa, freelance visa Dubai, maid visa in Dubai and so on. To get the best estimate of your new business ideas in Dubai.
Get in touch with us via:
📞 Call: +971 56 369 5485
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📧 Email: info@dubiz.co
When they establish their businesses in Dubai or another area of the United Arab Emirates, professionals such as doctors, architects, engineers, and lawyers engage in a civil partnership. This type of business is known as a civil corporation and is entirely owned by the firm’s partners.
The average formation time for a civil company in Dubai is 90 minutes. All you have to do is submit an application for a license to the Department of Economic Development (DED). If you match the qualifying requirements, you might register your firm with DED under the new programs in as little as 90 minutes. While this might be true, the whole process might take weeks.
While the civil company formation in Dubai is a profitable venture, there is no guarantee, as the profitability is governed by various factors. From the type of service you will provide to the location of your office, everything will play a role, and thus, to give a clear answer is difficult to provide.
Yes, you do not need a residency visa to establish a business in Dubai. Particularly for businesses who are not residents, Dubai and the UAE government have worked hard to provide a friendly and open business environment.
Civil company formation in Dubai can be an easy and fast task. Unbelievably, setting up a business in Dubai is a very simple and quick process. All you have to do is submit an application for a license to the Department of Economic Development (DED).
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