Owing a business venture is such a great decision to take in life, if you are a person who hate to worth with the 9am to 5pm lifestyles. Most netizens are much concerned about owing a business to their satisfaction. However, these business owners in United Arab Emirates (UAE) do not know how to start a business and how to register a business name legally in UAE.
A business name standing as a brand name is what your business operates under — for recognition.
Most business owners are not thinking of registering their businesses because of the frustration involved and not even sure of completing the business registration process.
Cost Career shall cover much information to go about on how to register your business name in UAE, the importance of registering your business name and the number of days this will take.
There is much attention you would have to pay for this guide on How To Register A Business Name In UAE in 2022.
Importance of Registering Your Business Name In UAE
Registering your business name in United Arab Emirates (UAE) is much important since this makes your brand legitimate and a trustworthy as well. Having a registered business name for your business brings good reputation for your business venture.
Let’s get to know some of the reasons in addition to the importance of registering your business name in United Arab Emirates (UAE).
Registering your business name in UAE has beneficial on your internal company policies. There are times there will be conflict amongst shareholders and have a registered business can help reduce this conflict amongst shareholders and partners regarding issues of share allocation.
In United Arab Emirates (UAE), a registered business name makes your company more credible to its customers. Your customers can trust your company due to its registration. Despite the recognition and trustworthy, having a registered business name in UAE helps you protect your business name from copyrighting.
Anyone who tries to register a business with the same name you bear will be rendered unavailable to other businesses that may want to use the same name.
How Long Does It Take To Register A Business Name In UAE
The business duration and its process is what makes most people fear to register their businesses, but now you can start the process and get things done within some couple of minutes.
A person in UAE should not take more than 30 minutes to fill the business name registration form online.
After filling the business name registration form, paying for the application fee, you should receive confirmation in about three to five business working days.
Business Name Registration Price In UAE
The cost of a business name registration in UAE is such affordable to mention. In Dubai, Abu Dhabi and its environs, you could possibly pay for a lesser price for your business registration as compared to other countries.
The price of a business name registration in United Arab Emirates (UAE) will depend on how faster you want things to be done for you. The fee for registering a business name in the United Arab Emirates (UAE) is between AED 9,000 to AED 10,000. This becomes the cost of opening a company in Dubai free zone.
Cost Company Registration In Dubai Mainland
| Business Registration Details | Price (AED) | Price (AED) |
|---|---|---|
| Commercial Business Setup Cost | Professional Business Setup Cost | |
| Initial approval (one-time governmental fee) | AED 120 | AED 120 |
| Name approval (one-time governmental fee | AED 620 | AED 620 |
| Notarisation of MoA (one-time governmental fee) | AED 1,500 | AED 900 |
| Trade License fee (yearly governmental fee) | AED 10,000 | AED 5,600 |
| Market fee (yearly governmental fee) | AED 250 | |
| Foreign trade name (other than the owner’s or non-Arabic) (yearly governmental fee) | AED 2,000 – 3,000 | |
| Office Space | Depends on space & location |
The exact fee will be determined according to the company’s legal structure, and of course, the chosen free zone. The costs for registering a company in a Dubai free zone is not exceptionally varied.
How To Apply For Business Name Registration In UAE
Within a couple of minutes, a person living in any region of UAE should be able to register a business. There is a chance to register your business name and any other essential business under the Department of Economic Development (DED).
- Select business activity
- Get a local partner (if required)
- Select a company structure
- Finalise your company name
- Get initial approval and external permits
- Rent a commercial space
- Make relevant payments
- Get your trade license
If you live in the environs closer to Dubai Airport Free Zone, Dubai — you could possibly walk to a business registration firm like Aurion Business Consultants to help get your business name registration done for you right away.
Major Attractions For New Company Registration In Dubai
- Strategic geographic location
- Growth-centric international business hub
- Low tax liabilities
- World-class infrastructure and unparalleled global connectivity
- Active government support for entrepreneurs and investors
- 100% expat ownership on mainland as well as free zones
Frequently Asked Questions About Business Registration In UAE
Yes, a foreigner can start a business in Dubai, and many do. … The emirate is home to many company formation experts and setup agents, created to help guide foreign entrepreneurs through the license, visa, and business incorporation processes.
To register your company in Dubai, Decide who will be your local partner – Sponsor, Get a name and activity approval from the Department of Economic Development (DED), Look for business premises and make a tenancy contract, Make a Memorandum of Association (MOA) with the sponsor and submit to DED, Submit the MOA and the License application at DED along with the required legal documents and the tenancy contract.
Free zone jurisdictions do not permit companies registered under free zone authorities to do business in Dubai Mainland. Most trading companies in free zones are completely restricted from doing business in Dubai mainland.
I may conclude by telling you that, registering your business would only take about 30 minutes and this will save you from a year’s worth of stress. Getting your business name registered makes your business more reputable and credible.