Dubai Trade License and UAE National ID Card

Before discussing the benefits of Company formation in Dubai, let us understand first why a company needs a company formation license. A company formation in Dubai is important to conduct business in the emirate. The general company formation in Dubai is normally issued within 5 working days after being approved. An alternative option for an individual wanting to open a company in Dubai is to apply for a direct company formation which can be done through the internet.

Another benefit of the Dubai trade license being issued is it allows the establishment of offshore holding companies. Basically, that means foreign investors are able to purchase shares in a company that they want to invest in. This alternative option for investment in Dubai also allows the purchase and sale of commodities. However, the company formation in Dubai does not permit you to conduct any business in the name of your company.

Company formation in Dubai Trade permits foreigners to invest up to twenty-one million pounds. A company formation in Dubai does not require a separate director and there is no need to issue shares to the investors. Holding company shares does not require you to pay any dividend. Company formation in Dubai allows free trading and selling of foreign currencies. Company formation in Dubai trade permits trading and selling only domestic currencies.

Before starting a business in Dubai, the company should hold a valid trading license from the Dubai Trade License Registry. A copy of the certificate is to be kept with all the necessary documents in the office. The Company Formation Department in the Office of the Secretary of State in Dubai will forward the required documents to all the foreign investors. The Company Formation Department will also send a copy of the approved Dubai Company Formation Certificate to the foreign investors. Foreign investors can visit the website of the Dubai Trade License Registry to get the list of all the companies that are registered with them.

A qualified accountant will be appointed as the company's manager. He will be responsible for all business activities conducted by the company. He must have a sound knowledge of all laws related to investment, business registration, corporate affairs, and financial matters. Prior to the approval of the Dubai trade license, the accountant must submit his previous works relating to his previous professional trade license to the registrar. The accountant must follow all rules of conduct pertaining to investment in order to become a qualified manager.

If the individual wishes to purchase or sell shares through a company formation in Dubai, he/she may need to obtain a business permit from the Dubai Business Office. An individual can apply for a business permit at any Dubai financial or commercial institution. The business permit is valid for three years and may be renewed after being re-licensed every three years. If one fails to renew his business permit on time, his status as an entrepreneur may be revoked according to the Companies Act of Dubai.

The property market in Dubai is very promising and has good potential to become highly economic. Dubai is considered as the new center for real estate. The Dubai government encourages the growth of investment in real estate through its Dubai international business center and Dubai property market. The property market includes apartments, offices, shops, residential houses, and Dubai resorts.

The laws and regulations governing the business activities in Dubai are governed by the Dubai Civil Aviation Authority (DCA). To obtain a Dubai shear business visa, one must submit an application to the General Authority of Dubai (GAADA). The applicant must provide proof that he will employ at least two original native workers for each hundred work permits that he submits for approval. The General Authority of Dubai enacts rules and regulations concerning foreign investment in Dubai's economy. In order to operate legally in the United Arab Emirates, all expatriates must comply with the law of that country.