Today we’ll take a look at how commercial activities in Dubai are regulated. If you are interested in registering a company in the UAE, you can find the information in this blog post useful for yourself.
Why register a company in Dubai
It is believed that the business environment and legal landscape in the jurisdiction are ideal for businessmen who decide to register a company in the UAE. And this is true! An example of stimulating financial activity in the Emirates is the presence of free zones such as the Dubai International Financial Center which provide favorable conditions for doing business. They were created for the accelerated development of the economy in this territory and for attracting investment.
If you intend to start a business in Dubai, we recommend that you enlist the support of IQ Decision UK professionals who specialize in corporate law jurisdiction.
Commercial law is a set of laws governing commercial transactions in the UAE.
Those who intend to start a business in the UAE should be aware that there are several rules regarding the economy, trade and investment. In addition, local authorities are constantly working on updating the main legislative acts.
Please note that you will need to obtain a license in the Emirates. You may need:
- Commercial license covering all types of trading activities;
- Professional license;
- Obtaining an industrial license in the United Arab Emirates for the organization of production activities.
Commercial licenses are usually issued by the local regulator, the Department of Economic Development. It should be remembered that the licensing of certain activities may also require special permission from the relevant ministries and/or Central Bank.
In accordance with the new Commercial Companies Law, company registration in Dubai is available in the form of:
- General partnership;
- Public or Private JSC.
If you are not a resident of the country, then you will not be able to register a Partnership, since this is prohibited by law.
If you are interested in this topic and would like to get more substantial information, reach out to us by filling out the quick contact form and sign up for a consultation on business regulation in the UAE.
Experienced experts at IQ Decision UK will help you choose a suitable form of company and successfully set up a company in the Emirates. In the course of cooperation, we will analyze and draw up a legal opinion on your specific issue and offer options for its solution.