Company registration in the UAE and its types
- calendar_month 2023/Apr/30
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- person مولودزاده
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Company registration in the UAE and its types
Due to the favorable and growing economic situation of the UAE, business in this country will have many successes. For this reason, the number of applicants for company registration in this country is increasing day by day. In addition, company registration in the UAE creates the necessary conditions to obtain a residence permit and immigrate to this country. Such permits are issued based on the regulations established by the UAE government for various time periods, and people can choose one of them depending on their conditions.
Company registration license in the UAE
The permits granted by the UAE government for company registration by foreign expatriates fall into three groups and they are:
- Job license
This license is related to service and operational activities and requires relevant education and scientific performance. Legal and advocacy companies are among the companies that are registered by this license. The UAE has made it a condition to obtain a professional license in order to register a company in the fields of education, medicine, management, career counseling and accounting. The applicant for this license must have a guarantor in the UAE in order to prepare for the license. It is necessary to have an educational qualification related to the company’s activity in order to receive a license.
- Business (commercial) license
People who get such a license can sell their goods and products in the UAE. a company establishment using this license allows you to expose your products to the thriving and international market of the UAE and experience an increase in sales. Such a license provides the possibility of providing real estate transaction services for its holder.
Your guarantor in the UAE must own at least 51% of the company. It is also possible for you to own the entire company, but this is an issue when you do not have a guarantor in the UAE.
- Industry license
People active in the field of production and assembly work, industrial and food materials, etc., can use such a license to register their company in the UAE. The guarantor must own 51% of the company. The industry license is issued only to companies whose registration is not virtual and the applicant must provide a place under the title of office or factory office in the UAE.
How much does it cost to register a company in the UAE?
Various factors determine the costs required to register a company in the UAE. Among them, we can mention the type of company selected by the applicant, the requested license for corporate activity, the costs related to providing human resources and registering the company’s brand. These costs are variable according to the region that is considered for the establishment of the company. The minimum liquidity to register a company in this country is between 8 and 20 thousand US dollars and 30 to 73 thousand UAE dirhams.
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