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Documents required for Mainland construction business setup Dubai
One of the best global business hubs is UAE and its good reputation in business success is creating the fastest growing economy and infrastructure. It is a strategic location and offers a good structure of tax. The infrastructure here is one of the qualities that the Middle East is known for, especially Dubai. There are many documents required to set up in mainland Dubai. So, before trying to commence a business there are different types of documents needed for different businesses. We have a common list of documents required in all types of business in the mainland. Let’s get to know about them.
List of Documents Required for Mainland business setup
Trade Name Reservation Certificate
The Department of Economics holds the authority of approving your trade name. Trade name is a unique name given to your company. It should not match other company’s names and should be totally unique.
Initial Approval / No Objection Certificate (NOC)
An initial approval basically means the NOC from the UAE Government. This brings businesses closer to opening a business in the mainland.
Memorandum of Association (MOA) or Local service agent agreement (LSA)
If you want to start a business in UAE, a MOA or LSA is required after the NOC. MOA is needed in case you are establishing a civil company, LLC, and private/public shareholding company whereas LSA is needed if you are running a sole proprietorship company.
Visa and passport copies:
Passport copies of all shareholders and proposed managers/directors of the company and copies of the visa pages of all shareholders and proposed managers/directors are needed.
Copy of lease contract
A lease agreement for a physical office space in the UAE is usually required. If you are acquiring a physical space in UAE, then lease contact is compulsory.
Registration
You need to register your company in the emirate where your company has been incorporated. You can register the company with the Chamber of Commerce and Industry.
Other Permits and Approvals
Depending on the nature of the business, you may need additional permits or approvals from relevant authorities, such as municipality approvals, health department approvals (for medical facilities), etc.
Conclusion
So, if you are someone who is working towards starting your business in the UAE mainland then this is the list of documents for you. You can consult a professional before taking a step towards commencing a business. Hope this article was helpful.
FAQs
1. What makes the UAE an attractive destination for global businesses?
The UAE boasts a stellar reputation for business success, fueled by its rapidly growing economy and top-notch infrastructure. Its strategic location and favorable tax structure further enhance its appeal as a global business hub, with Dubai particularly renowned for its world-class infrastructure.
2. What documents are required to set up a mainland company in the UAE?
To establish a mainland company in the UAE, you’ll typically need to provide several key documents. These include a Trade Name Reservation Certificate, Initial Approval or No Objection Certificate (NOC), Memorandum of Association (MOA) or Local Service Agent agreement (LSA), passport and visa copies of shareholders and managers, a copy of the lease contract for office space, and registration with the Chamber of Commerce and Industry. Depending on your business’s nature, additional permits and approvals may be necessary.
3. What is the Trade Name Reservation Certificate, and how do I obtain it?
The Trade Name Reservation Certificate is a crucial document that grants your business a unique identity. It can be acquired from the Department of Economic Development (DED) in the respective emirate where you plan to register your company.
4. What is the significance of the Initial Approval or NOC?
The Initial Approval or No Objection Certificate (NOC) is essential for progressing with your business setup in the UAE. While it doesn’t grant permission to operate your business yet, it facilitates the licensing process and signifies government approval for your venture.
5. What role do the MOA and LSA play in setting up a business in the UAE?
The Memorandum of Association (MOA) is required for establishing certain types of companies, such as civil companies, LLCs, and private/public shareholding companies. On the other hand, the Local Service Agent agreement (LSA) is necessary for sole proprietorship businesses. These documents outline the legal framework and ownership structure of your company.
6. How important is the lease contract for office space in the UAE setup process?
Securing a lease agreement for a physical office space is a mandatory step in the company setup process in the UAE. It serves as proof of your company’s physical presence in the country and is typically required for registration purposes.