Business Establishment Guide from the Ministry of Economy of the UAE

Why Set Up a Business in the UAE?

The UAE is renowned for being among the most lucrative countries in the world. Although the UAE federal government will implement a corporate tax of 9% in June 2023, it has a well-developed and diversified economy, excellent infrastructure, good transportation links, and a unique zero-tax regime. It provides a business-friendly environment, making it the ideal location for setting up a company and for entrepreneurs looking to tap into the burgeoning local market.

Establish Businesses in the UAE

According to the UAE Ministry of Economy, forming a business in the UAE only requires a few straightforward steps to be followed in each country’s seven emirates. In the emirate where you intend to open for business, you can submit an application in person at the Department of Economic Development (DED).

Using digital platforms, you can also start a business and obtain a business license. You can get a license in a matter of minutes if you apply with the proper documentation. Investors may also submit applications through designated law firms or businesses that provide services for business establishment. Setting up a business usually involves:

  • Choosing a location.
  • Deciding what kind of business it will be.
  • Paying fees to get a commercial license.

How Long Does It Take to Start a Business in the UAE and Worldwide?

In high-income nations, it takes 10 Days, according to the World Bank.

In UAE, 4 Days via the Department of Economic Development.

Via the online Basher platform, it takes only 15 minutes.

How To Start Your Company in UAE?

You have two choices for establishing your company, the UAE Mainland or The UAE Free zones.

How to Start a Business in the Mainland of the UAE

You have two choices for launching a business: submit an online application or visit one of the DED centers in person.

Apply Online.

  • The online Basher Platform.

Basher is a single platform that enables a 15-minute business startup. To simplify the business application process, the local and federal government agencies that grant licenses for commercial activities in various emirates have been consolidated into one platform.

  • Through The UAE’s Departments Of Economic Development (DED):

– DED in Abu Dhabi.

– DED in Dubai.

– DED in Sharjah.

– DED in Ajman.

– DED in Umm Al Quwain.

– DED in Ras Al Khaimah.

– Fujairah Municipality.

Apply in Person.

By going to one of the following offices, you can apply to form your business:

– Centres for government services.

– Offices of Tasheel.

– OnTime offices for government services.

– Offices of legal services.

– Customer happiness centers affiliated with the DED in all emirates of the country.

Steps to Starting a Business in the UAE Mainland

1- Determine the Nature of Your Commercial Activity.

2- Determine the Legal Structure of Your Company.

3- Register the Business Name.

4- Request Initial Approval.

5- Make a local service agent agreement (LSA) or a Memorandum of Association (MOA).

6- Choose a location for your business.

7- Request further governmental approvals.

8- Submit the necessary documents.

9- Pay Fees and obtain licenses.

10- Register Your Business with the Chamber of Industry and Commerce.

How to Set Up Your Business in the UAE Free Zones

1- Determine the Nature of Your Commercial Activity.

2- Choose a Legal Structure for Your Company.

3- Register the Business Name.

4- Select a location and business space.

5- Get the First Approval.

6- Registration and Fee Payment.

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