Setting up a business in the UAE can be both exciting and challenging, particularly for foreign investors who might not be familiar with local regulations and requirements. One crucial aspect of the setup process involves preparing and gathering essential documents required by the UAE Department of Economic Development (DED), the primary authority responsible for registering and issuing commercial licenses. Below, we outline crucial documents needed to business setup in UAE.
Passport copies:
Passport copies of all shareholders and directors are required for company formation in the UAE. These copies serve as proof of identity and are necessary for various administrative processes, including visa applications and bank account openings.
Memorandum of association (MOA):
The Memorandum of association is a legal document that outlines the company’s objectives, structure, share capital, and the roles and responsibilities of shareholders and directors. This document is a mandatory requirement for company formation and must be notarized by a Dubai court or public notary.
Trade license application:
Obtaining a trade license is a fundamental step in setting up a business in the UAE. The trade license application includes details such as the company name, business activities, and share capital. The type of trade license required depends on the nature of the business activities and the jurisdiction in which the company operates.
Lease agreement or Ejari:
A lease agreement or Ejari (tenancy contract registration) is required to provide evidence of a physical address for the company. The lease agreement must be attested by the relevant authorities and comply with zoning regulations. Additionally, obtaining an Ejari certificate is mandatory for mainland companies in Dubai.
Shareholder and director residency visa documents:
For individuals planning to reside in the UAE while operating a business, residency visa documents are essential. These may include passport copies, passport-sized photographs, educational certificates, and medical fitness certificates. Visa applications are typically processed through the General Directorate of Residency and Foreigners Affairs (GDRFA).
Company registration certificate:
Upon successful completion of company formation procedures, a company registration certificate is issued by the relevant authorities. This certificate works as official confirmation of the company’s existence and legal status in the UAE.
Opening a corporate bank account is necessary for conducting financial transactions and managing company finances. The required documents may include the company’s incorporation certificate, Memorandum of Association, passport copies of shareholders and directors, and proof of address.
