Obviously the prime need for starting up a business is the huge investment in terms of Capital. The Aryene Management and investment will guide to the smooth corners for getting the finance assistance and helping you in getting the best deals.
Obviously the prime need for starting up a business is the huge investment in terms of Capital. The Aryene Management and investment will guide to the smooth corners for getting the finance assistance and helping you in getting the best deals.
» Process for registration of any kind of business in Dubai
Dubai economic development department has classified all the activities under the different heads. The prospective investor has to choose the activity group.
To establish LLC, as per the Dubai government law, it is compulsory to keep one UAE national as a partner in the company. So the prospective investor has to choose the one UAE national (sponsor) as a partner in the company.
After selecting the activity group and the local national partner (sponsor), investor has to take initial approval from the Dubai economic department.
After having the initial approval, the investor has to select the trade name of the company and has to take the trade name approval from the Dubai economic department.
After taking the trade name approval, the investor (partners) and the sponsor has to register LLC contract- a memorandum in the Dubai court.
The investor has to select a proper business place and bring the tenancy contract along with the location plan, which has to be approved by planning and civil defense departments in Dubai Municipality.
After executing the LLC contract in the court, the authorized partner has to open a bank account and deposit the capital required to register a company in
this account. Then the authorized person has to obtain a letter from the bank mentioning that the partners have deposited the specific amount in the bank.
After that the partners have to obtain an auditor's report mentioning that partners have deposited the capital amount required to register a LLC.
After processing all above documents, the partner has to submit them in
Dubai economic department and after due scrutiny, the department will issue a trade license on payment of the required fees.
After obtaining the trade license, the partner has to open an immigration and labor computer card.
The partner can now apply for the investor visa by depositing the required amount.
For some specific activities, some special permissions are required, like advertising, tourism, gold and jewelry, money exchanges, medicines trading etc.
LICENSE FEES FOR FORMATION OF LLC (Limited Liability Company) IN DUBAI.
51-49 BASIS SHARE CAPITAL CONTRIBUTED COMPANIES
ECONOMIC AND MUNICIPALITIES FEES
*
Initial approval from economic department
AED 110
One time
*
Trade name approval
AED 210
One time
*
Notary fees for court (depend on company share capital)
AED 860
One time
*
Typing LLC contract (Arabic & English)
AED 250
One time
*
Ministry of economic fees
AED 3000
One time
*
Trade license fees
AED 200
One time
*
Owner accommodation fees (per partner)
AED 1000
Per year
*
Government cultural fees
AED 10
Per year
*
Commercial services fee
AED 500
Per year
*
Commercial license - Tejari fees
AED 150
Per year
*
Chamber of commerce
AED 1200
Per year
*
Waste fees municipality
AED 1000
Per year
*
Commercial services improvement fees
AED 600
Per year
*
License fees
AED 550
Per year
*
Auditor's report fees
AED 350
One time
*
5% of office rent
---------------
Per year
*
Total
AED 9,990
Note:
AED 300,000 share capital is required to present through bank guarantee. (Up to two foreign partners)
Chamber of commerce fees AED 1200 per year is for normal trading company. If it is an industrial company then this fees comes to AED 2200.
Waste fees for municipality AED 1000 per year is for normal trading company. If it is an industrial company then this fees comes to AED 2000.
For foreign trade name there is an extra fees of AED 2000 per year
For the formation of General trading company one-time fees of AED 15,000 is required.
For Contracting License one time fees of AED 10,000 is required.
For Real Estate Brokers Company fees for Economic Department of AED 5,000/- is required.
LABOUR AND IMMIGRATION FEES
*
Immigration computer card
AED 760
Every 3 years
*
Labor computer card
AED 2600
One time
*
Total
AED 3,360
INVESTOR VISA COST BREAK UP
*
Security deposit (per person)
AED 10010
One time
*
Processing fees
AED 250
For three years
*
Medical clearance
AED 550
For three years
*
Visa stamping
AED 450
For three years
*
Visa Residency Amendent
AED 1100
One Tiime
*
Total
AED 12,370
Note:
Security deposit is refundable after terminating the investor ship through the court.
EMPLOYMENT VISA COST BREAK UP
*
Security deposit (per person)
AED 3100
One time
*
Employment visa typing fees
AED 250
For three years
*
Employment labor card fees
AED 3030
For three years
*
Immigration fees
AED 210
For three years
*
Medical clearance
AED 550
For three years
*
Visa stamping fees
AED 410
For three years
*
Labor contract typing fees
AED 50
For three years
*
Total
AED 7,600
Note:
Security deposit is refundable after canceling the labor card, canceling the visa and actual exit from Dubai .
LICENSE FEES FOR FORMATION OF PROFESSIONAL LICENSE IN DUBAI.
ECONOMIC AND MUNICIPALITIES FEES
*
Initial approval from economic department
AED 110
One time
*
Trade name approval
AED 210
One time
*
Trade license fees
AED 500
One time
*
Typing of contract
AED 200
One time
*
Court fees
AED 450
One time
*
Owner accommodation fees (per partner/employee)
AED 1000
Per year
*
Waste fees municipality
AED 2000
Per year
*
Commercial services improvement fees
AED 300
Per year
*
Government culture fees
AED 10
Per year
*
License Printing fees
AED 50
Per year
*
License fees
AED 550
Per year
*
Local fees
AED 150
Per year
*
Tejari fees
AED 150
Per year
*
5% of office rent
---------------
Per year
*
Total
AED 5,680
LABOUR AND IMMIGRATION FEES
*
Immigration computer card
AED 760
Every 3 years
*
Labor computer card
AED 2100
One time
*
Total
AED 2,860
INVESTOR VISA COST BREAK UP
*
Security deposit (per person)
AED 20000
One time
*
Processing fees
AED 250
For three years
*
Medical clearance
AED 550
For three years
*
Visa stamping
AED 450
For three years
*
Total
AED 21,250
EMPLOYMENT VISA COST BREAK UP
*
Security deposit (per person)
AED 3100
One time
*
Employment visa typing fees
AED 250
For three years
*
Employment labor card fees
AED 3030
For three years
*
Immigration fees
AED 210
For three years
*
Medical clearance
AED 550
For three years
*
Visa stamping fees
AED 410
For three years
*
Labor contract typing fees
AED 50
For three years
*
Total
AED 7,600
» Documents required for registration of new LLC (Limited liability company)
Registration and licensing application form from economic department-Government of Dubai.
First approval from economic department
Trade name reservation.
Partner's passport copy
Sponsor's passport copy
Tenancy contract for the business place attested by planning department and civil defense department of Dubai municipality along with location plan
LLC contract attested from public notary.
Bank guarantee for the required share capital
Auditor's report
No objection from current company if the partner is already employed in Dubai.
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