The LRV GROUP team will help you at every stage of setting up a company in the UAE
The process of opening a company in the United Arab Emirates is not difficult in itself. To do this you need:
- Decide on the type of activityThe list of activities available to entrepreneurs contains more than 2,000 different business activities from which to choose. It is important to decide on this at the initial stage, since this is what further steps depend on.
- Decide on the place of registration of the entityThe company can be located in different jurisdictions: the so-called Free Zones - there are more than 30 of them in the UAE and they are located in different emirates. Or directly the jurisdiction of the UAE (mainland). A number of factors in the company’s life will depend on the choice of place of registration of the company in the future: for example, your tax regime, location of the office.
- Select the legal form of the entityYou need to choose the legal form of company that suits you. Options include general partnership, limited liability company (LLC), public joint stock company (PJSC) and others.
- Decide on a company nameYour company name must be unique and cannot be repeated with existing names. This is why we ask for 3 different company names when registering so you can try different options.
- Prepare a Memorandum of Association (MOA)Typically, both in the Free Zones and in the Mainland, you are provided with standard documents, but, if necessary, it is possible to apply to change some articles in the documents.
- Obtain additional permits from government agenciesFor some activities, it is necessary to obtain additional permits from various UAE government agencies. We will provide you with all the necessary information about this.
However, for those who decide to open a company in another country for the first time, it is best to contact a partner who has experience in these matters, since mistakes can lead to financial losses and, more importantly, loss of time, since Correcting each defect takes a certain amount of time.
Opening a corporate bank account
You've probably heard that after opening a company, an important step is opening a corporate bank account in the UAE. Indeed, in the UAE this process can take several months, since, in essence, you (as the owner of the company) and your company are a blank sheet for the Emirates banking system. And the bank needs to collect and analyze as much information as possible from you: get acquainted with your experience, understand your goals and objectives in this region, and also make sure there are financial resources to implement your plans. Our team will advise you on this issue and help you choose the most suitable bank for submitting a set of documents.
LRV GROUP also provides other services to support your business in the UAE
- Taxes and Accounting
Our cost accounting and accounting techniques will help you navigate the UAE tax system and ensure your business is in good financial health. Our risk management services provide peace of mind and protection for your business by helping you resolve disputes and comply with regulatory requirements.
01 - Visa support
Our visa support consultancy services will help you obtain the visa that suits your needs, be it a work visa, an investor visa, a freelancer visa or any other type of visa. We provide expert advice on the visa application process and help you prepare all the necessary documents.
02 - Selection of premisesWe will select premises that suit your needs: office, warehouse, retail space anywhere in the Emirates: Dubai, Abu Dhabi, Ras Al Khaimah and others03
- RecruitmentWe will provide consultations on the selection of employees for your company: for this you need to determine their qualifications and requirements that will meet your goals and objectives
Contact us for the first consultation!
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