Rules and procedures for company registration in the UAE

The UAE is one of the most developed countries in the world. For this reason, it has become one of the purposes of companies to work and register. Every year, many people try to register their company in Dubai so as not to lag behind the developments of the UAE and the world.

Types of company registration

There are different types of company registration in the UAE, but the best ones for Iranians are listed below:

· Joint-stock companies: these companies are divided among the capital owners and each person has a specific amount of shares. If the company is dissolved, its shares must be divided equally among the owners of the company. These companies, like Iran, include private and public companies.

· Non-stock mixed companies: This company is created between several partners with limited liability and the relationship of the partners should be according to the company letter. When establishing these types of companies, it should be mentioned that they are non-stock companies.

· Limited Liability Company: This company is formed for commercial activities. In this type of company, capital is not divided between partners. These types of companies are usually the most famous type of companies among Iranians, and Iranian people form these companies among their friends and families.

Conditions for company registration in Dubai for Iranians

Company registration is one of the easiest and most popular ways to obtain a residence in Dubai. Companies that are registered in Dubai can access the local market of the UAE, in addition to the fact that from the UAE you can access the multinational markets of the world.

Procedures for company registration in the UAE

-The steps to register a company in Dubai are as follows:

- Obtaining a legal confirmation form

- Obtaining work and business approval form

- Obtaining the necessary approvals from the Ministry of Economic Development of the UAE to operate in the target market and profession

- Obtaining the head office lease

- Choosing the type of business activity

· If necessary, memorandum or agreement with government bodies

- Opening a legal account in the name of the company

· Opening a real account with your name to get a visa

Obtaining Dubai residence through the company

As mentioned, one of the best ways to get a residence in Dubai and the most popular way is to register a company. The UAE does not grant permanent residency to individuals, but registering a company can bring you long-term residency with the ability to extend it for board members and their families and company employees. During the residency period you have to pay company tax along with the salary of your employees, plus you have to hire 5 Emirati employees. Residency is considered for 3-year-old Iranians and there are some restrictions for them, but if you ignore these restrictions, you will get the residence.

Company registration documents

To register a company in the UAE, you need documents that must be translated and provided to the relevant government departments, which include:

- Passport photo

· Passport

· Submission of application for trademark reservation

- Copy of registration certificate

- Visa pages

- Choose at least 3 names for the company

· Obtaining NOC from the sponsor

- Getting the registration identification code

· Submission of shareholders' signatures

- Presentation of shareholders' passports

· Presentation of shareholders' corporate documents

- Providing financial reports

After completing the documents and submitting them, you must pay the company and brand registration fees, which depend on the type of company and its activity.

Company registration fee in Dubai

Company registration fees vary according to the type of company and its activity, and in general, company registration fees include the following:

1. The cost of collecting documents and translating them
2.  Business license fee
3. The cost of checking documents
4. Expenses of the immigration office
5. Visa

The company you want to register may have additional costs. Some companies and activities need government approvals, and obtaining these approvals requires money.

Conclusion

Company registration is one of the best ways to get UAE visa. Many people register companies in Dubai and UAE every year for economic reasons. Registering a company in Dubai requires its own special documents and costs, which were discussed in this article.