Tuesday, December 26, 2006

To Set Up A Company in Dubai ...

You need to

1. Reserve a name for your intended company;
2. Indicate the intended business activities according to the "Standard Classification of Economic Activities";
3. Get an in-principle approval for your proposed lease premises;
4. Sign your lease agreement;
5. Have the Memorandum and Articles of Association notarised before the Notary Public;
6. Open your bank account and deposit the capital;
7. Bring all the documents to the Department of Economic Development.

And for the in-principle approval, make sure you have:

1. The name of the actual landlord who will be leasing the premises to you;
2. Plot no.;
3. Floor no.;
4. Unit no.;
5. Area of unit to be leased.

The above information should NOT be construed as legal advice. You are advised to seek proper legal advice from qualified professionals.

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