Company formation in the United Arab Emirates (UAE) can be a straightforward process. If you follow the proper steps and understand the legal requirements.

The following are the key steps to consider when setting up a company in the UAE:

Choose the type of Company:

There are several types of companies that you can form in the UAE,. Including Limited Liability Company (LLC), Free Zone Company, Offshore Company, and Branch of a Foreign Company. Each type of company has its requirements, advantages, and disadvantages. So you should choose the one that best fits your business needs.

Choose a business activity:

It’s important to determine the business activity that you want to undertake in the UAE. Some business activities are subject to specific legal requirements and regulations. And you may need special permits or licenses to carry out certain activities.

Choose a company name:

The UAE has specific naming conventions that you should follow when choosing a company name. Name should be relevant to your business activity and not contain any offensive or religious words.

Choose a location:

Depending on the type of company you want to set up, you may have to choose a location. If you want to form a Free Zone Company. You will have to choose a free zone. If you want to form an LLC, you will have to choose a location in the UAE mainland.

Obtain necessary licenses and permits:

Depending on the type of business activity you want to undertake. You may need to obtain certain licenses and permits from the relevant authorities.

Draft legal documents:

You will need to draft legal documents. Including articles of association and memorandum of association and get them notarized.

Register the company:

Once you have completed all the necessary steps. You can register your company with the relevant authorities. The registration process may differ depending on the type of company you have chosen.

It’s advisable to seek the assistance of a professional company formation service provider to guide you through the process. And ensure that you meet all the legal requirements.

How MASAR Can Help You:

MASAR can provide valuable assistance to businesses looking to set up a company in the UAE. Here are some of the ways in which MASAR can help you with your company formation:

• Company registration: We can guide you through the process of company registration in the UAE. Including choosing the right type of company, selecting a business activity, and obtaining the necessary licenses and permits.
• Legal documentation: Our team can assist you in preparing legal documents required for company formation. Such as articles of association and memorandum of association and getting them notarized.
• Business planning and advice: MASAR can provide you with business planning and advisory services. That can help you develop a sound business strategy, identify potential risks, and make informed decisions.
• Financial planning and management: We can help you with financial planning and management. Including setting up accounting systems, financial reporting, and tax planning.
• Compliance: MASAR can help you ensure that you follow local laws and regulations. Including tax laws, labour laws, and commercial laws.

MASAR Chartered Accountants can provide you with professional guidance and support throughout the company formation process. Helping you save time and minimize risk. We are always available for your help, for any inquire feel free to contact us.