The Process of Company Formation
In this article, you will gain a comprehensive insight into the process of company formation with ‘The Arabian Dream’ in Dubai, covering each essential step, from initial planning to securing the necessary permits and setting up your business for success.
Our Company Formation and Visa Process
As a client of our agency, we handle the entire bureaucratic process of your company formation and visa acquisition in Dubai. You can relax, knowing that we take care of every detail to ensure everything proceeds smoothly and efficiently.
Step 1: Free and Non-Binding Initial Consultation
Our process begins with a complimentary, non-binding consultation, where we assess your current situation and address any questions you may have. During this session, we take the time needed to analyze the legal framework of your planned relocation and company formation, focusing particularly on tax considerations like exit tax or disinvestment tax that may apply to your move to Dubai. Our aim is to provide you with thorough, professional guidance to help you navigate any potential challenges seamlessly.
Step 2: Your Order
To start your relocation process, you can book our comprehensive relocation package tailored to meet all necessary requirements for a smooth transition. Once you receive the invoice, payment can be made conveniently via bank transfer. Upon confirmation of payment, our team will immediately initiate the procedures for your company setup.
Step 3: Submission of Required Documents
To begin the company formation process in Dubai, we will need a few documents from you. These can be conveniently uploaded through our platform, where our team will review and handle every detail, ensuring all requirements are met efficiently and accurately. From this point forward, we manage the entire setup process, keeping you informed each step of the way for a seamless experience.
Step 4: Selection of Company Name
Selecting a company name is a crucial step, as it must comply with specific regulatory criteria to gain approval from the authorities. Our team provides expert guidance to help you choose a suitable and compliant name that aligns with both legal requirements and your business vision, ensuring a smooth approval process.
Step 5: Determination of Business Activities
In Dubai, every company is required to register its official business activities. Our packages cover the registration of up to three activities, with the flexibility to add more if needed for an additional fee. We offer comprehensive guidance to help you choose the most strategic and suitable business categories, ensuring your company aligns with local regulations and your operational goals.
Step 6: Completion of Company Formation
Once all required information and documents are submitted, we will initiate the official formation of your company. The registration process in Dubai is efficient, and your company is typically established within 3 to 7 business days.
Step 7: Issuance of Establishment Card
The Establishment Card is a crucial prerequisite for applying for work visas for your employees, as it officially registers your company with the UAE immigration authorities. Once you receive the card, we will promptly proceed with the necessary steps to initiate and complete your visa application process efficiently, ensuring compliance and smooth processing for you and your team.
Step 8: Visa Application
We will manage the entire visa application process on your behalf, officially designating you as the General Manager of your company in Dubai. As part of this process, we will also prepare a bilingual employment contract in both English and Arabic, outlining all essential terms, including your salary and responsibilities, to ensure full compliance with local regulations.
Step 9: Entry and Visa Process
Once you receive your e-visa, you can enter the UAE to complete the remaining visa formalities, such as the medical examination, fingerprinting, and final processing of your residence visa. These formalities are essential to finalize your residency status in the UAE. If you are already in the UAE on a tourist visa, we will need to perform a status change, allowing you to transition smoothly from a tourist visa to a residence visa. This process involves an additional cost of approximately AED 1,500, covering all required administrative fees to ensure compliance with UAE immigration regulations. Our team will guide you through each step, ensuring that all formalities are completed efficiently.
Step 10: Medical Check and Biometrics
We will schedule an appointment for your mandatory Dubai Medical Check, a requirement that includes blood tests and a chest X-ray to ensure certain communicable diseases, such as tuberculosis, are not present. This health check is essential to complete your residence visa application, as it meets the UAE’s public health standards. For our clients, we exclusively arrange VIP appointments, ensuring that your medical check is conducted swiftly and efficiently, typically taking only 10-15 minutes. This VIP service allows you to avoid long waiting times and provides a seamless, comfortable experience as you complete this necessary step.
Step 11: Emirates ID Application
After successfully completing your medical check, we will promptly proceed with the application for your Emirates ID card. This ID is a crucial piece of identification for residents, serving as proof of identity and residency within the UAE. The Emirates ID is required for a variety of essential activities, including opening a bank account, signing leasing contracts, registering a vehicle, and accessing many government and public services. Our team will oversee the entire application process to ensure that your ID is issued without delay, enabling you to seamlessly integrate into everyday life in Dubai and complete necessary transactions with ease.
Step 12: Delivery of Emirates ID
Once your Emirates ID is ready, we will personally deliver it to you, marking the final step in your residency process. Congratulations—this means you are now officially a resident of the UAE, with full access to all the rights and benefits that come with it. This milestone allows you to fully immerse yourself in life in Dubai, from banking and leasing to accessing healthcare and other essential services.
Step 13: Setting Up a Mobile Contract
With your Emirates ID in hand, we will arrange a local mobile contract for you, providing you with a UAE phone number, which is essential for many daily activities and official processes. A local number is invaluable from the start, as it facilitates communication with local services, banks, and government entities. We will ensure the contract is tailored to meet your specific usage needs, so you’re fully connected and equipped for life in Dubai right from the beginning.
Step 14: Bank Account Opening
Once your Emirates ID is issued, we will take the next step of setting up both your personal and business bank accounts. Through our partnerships with the largest and most reputable banks in the UAE, we assess and recommend the bank that best aligns with your financial requirements. Our team will manage the entire account-opening process on your behalf, ensuring a smooth and hassle-free experience so you can focus on establishing your new life and business in Dubai.
Step 15: Corporate Tax Registration
We will manage the complete registration process of your company for corporate tax in Dubai, ensuring full compliance with all regulatory requirements. This process begins with gathering and submitting the necessary documentation, including your company’s license, Emirates ID, and any other information required by the tax authorities. Our team will then submit your registration to the Federal Tax Authority (FTA) and ensure that all details are correctly entered to prevent any potential issues in the future. Following registration, we’ll provide guidance on your company’s tax obligations, including timelines for filing and payment, to help you stay compliant. We are also available to answer any questions you may have about corporate tax, ensuring your business meets all legal requirements smoothly and efficiently.
Step 16: Accounting Services
As a registered accounting firm, we provide comprehensive services to ensure you effortlessly meet all local legal requirements. From preparing and filing mandatory financial statements to managing your corporate tax obligations, our team handles each aspect of compliance on your behalf. We also keep you informed of any regulatory updates or changes, so your business remains fully compliant and up-to-date in Dubai’s dynamic regulatory environment.