Company Setup in Dubai | Step by Step Process | Explained in Hindi by CA.

Summary

This video provides a detailed step-by-step guide on setting up a business in the UAE. It covers the entire process from deciding the company name and business activity to obtaining the trade license, establishing an office, and opening a bank account. The video also emphasizes crucial steps like pre-approval from the immigration department and submitting necessary documents like passport photos and insurance. Additionally, it explains the process of obtaining an entry permit, medical checkups, biometric data, e-visa, and the Emirates ID. With helpful tips and practical advice, viewers are guided through the setup process with ease.

Takeaways

• 😀 Deciding on a unique company name that complies with UAE regulations is the first step in setting up a business.
• 😀 Choosing the right business activity is crucial and you can opt for a single or multiple activities for your business.
• 😀 Always get pre-approval from the immigration department before applying for a trade license to avoid unnecessary costs and issues.
• 😀 When applying for a trade license, only two documents are usually required: your passport and a passport-sized photo (ensure no smile and a white background).
• 😀 Your trade license will be issued within 3-5 days once all necessary documents and approvals are in place.
• 😀 After getting the trade license, you'll receive an incorporation certificate, a memorandum of association, and a lease agreement (if applicable).
• 😀 The establishment ID, which is crucial for business operations, will be provided shortly after the trade license is issued.
• 😀 You can open a corporate bank account remotely based on your trade license, saving the need for a physical visit to the UAE.
• 😀 The entry permit (temporary visa) is necessary for you to enter the UAE and proceed with further procedures like medical checkups and insurance.
• 😀 The biometric process (fingerprints and personal data) is required for the e-visa, which is essential for staying and working in the UAE for a year.
• 😀 Once you have completed all the steps, your Emirates ID, corporate bank account, and digital documents in UAE Pass will finalize your business setup process.

Q & A

What is the first step to setting up a business in the UAE?

The first step is to decide on your company name and business activity. The name must comply with UAE rules and regulations, and should not be similar to an existing company.

Why is it necessary to get pre-approval from the Immigration Department?

Pre-approval from the Immigration Department is essential to ensure that your trade license application will be accepted. Without it, there is a risk of wasting your investment if the Immigration Department denies your entry permit after you've already paid for the trade license.

What documents are required to apply for a trade license in the UAE?

The two primary documents required to apply for a trade license are your passport and a passport-size photo. Ensure that the photo has a white background and does not show any smile or teeth to avoid delays.

How long does it take to receive a trade license in the UAE?

Once all the necessary documents and approvals are in place, the trade license will typically be issued within 3 to 5 days.

What is the difference between free zone and mainland companies in the UAE?

In a free zone, you typically need a virtual office and can receive your trade license quickly. In mainland companies, you must have a physical office with at least 200 square feet of space.

What should be the background and expression for a passport-size photo in the UAE?

The background must be white, and the photo should not show any smile or visible teeth. This is important to avoid any issues or delays during the application process.

What happens after you receive your trade license?

After receiving your trade license, you will also get the incorporation certificate, memorandum of association (AOA), and lease agreement for your office space, whether virtual or physical, depending on your choice.

Can you open a bank account in the UAE remotely?

Yes, you can open a digital bank account in the UAE remotely without having to physically be in the country. This can be done using your trade license details.

What is the entry permit, and how long is it valid for?

The entry permit is a temporary visa issued for 60 days. It allows you to enter the UAE and continue with the setup process, including medical checkup, insurance, and biometric procedures.

What is the Emirates ID, and why is it necessary?

The Emirates ID is a national identity card for residents in the UAE, similar to India's Aadhaar card. It is required for a variety of tasks in the UAE, such as opening a bank account, registering property, and other official matters.