01Step 1: Define the business activityStart with the actual business model. What will the company sell or provide? Who will its customers be? Will it operate from an office, shop or another commercial premises?
02Step 2: Select the legal formThe appropriate legal structure is selected based on the activity, ownership and applicable regulations.
03Step 3: Choose and reserve the trade nameThe proposed company name is checked and submitted according to the applicable naming requirements.
04Step 4: Obtain initial approvalThe application moves through the relevant approval stage before the company can proceed with the remaining registration requirements.
05Step 5: Prepare the company documentsWhere applicable, the required constitutional documents, including the Memorandum of Association, are prepared and completed.
06Step 6: Arrange the premisesThe business secures an appropriate office or commercial premises in Downtown Dubai. The tenancy documentation is then used for the licensing process where required.
07Step 7: Obtain any external approvalsCertain activities require approval from another government department or regulatory authority. These requirements depend on the nature of the business.
08Step 8: Complete licensingOnce the required documents, approvals and premises arrangements are in place, the final application and applicable government fees can be completed and the mainland trade licence issued. The actual timeline varies according to the activity, documents, premises and external approvals involved. A simple application and a regulated business should not be expected to follow exactly the same timeline.
01Choosing Downtown only for the prestigeA premium address does not automatically make a business more successful. The office should serve a practical purpose.
02Selecting the activity too quicklyThe activity affects licensing, approvals and sometimes premises requirements. It deserves proper attention before registration.
03Assuming every mainland activity has the same ownership rulesForeign ownership is available for many activities, but the applicable rules should be checked for the exact activity.
04Budgeting only for the trade licenceRent, visas, documentation, accounting and annual renewal can make up a significant part of the actual cost.
05Signing an office lease too earlyUnderstand the licensing and premises requirements before committing to a particular office.
06Treating bank approval as automaticThe company can apply for a corporate account, but the bank carries out its own due diligence.
07Using inconsistent business informationThe description of the business should remain accurate and consistent across the licensing, banking and supporting documents.