Company Incorporation Services in Dubai

Morison Menon | Offshore Company Formation Services in Dubai
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Company Incorporation Services in Dubai – United Arab Emirates – Morison Menon Provides Company Registration in Dubai, UAE. Help Companies to Get Business Registration for Company Formation in Dubai, United Arab Emirates. Starting a business in Dubai is a dream for many ambitious entrepreneurs not just from Asian countries, but even from the West. Why is it so? From its earliest days, Dubai has been involved in trading.

For over six centuries, its creek has provided a safe haven for the merchant vessels laden with goods from Dubai’s traditional trading partners in the Far East, the Indian subcontinent and Africa. In the past, these goods were sold to the camel caravan tribes in the vast desert hinterland. Today, the city is a major re-export centre and the world comes to shop in Dubai. Dubai was also once one of the world’s foremost pearling centers.

The emergence of cultured pearls in the 1930’s could well have devastated the economy; however, Dubai with a reputation as a world centre for trading in gold and other precious metals continues to have a thriving economy. Dubai is the second largest of the seven Emirates. The Late Ruler of Dubai, His Highness Sheikh Rashid, together with late His Highness Sheikh Zayed, Former President of the UAE, both were instrumental in forming the federation, which has brought stability and prosperity to the region.

Company Incorporation in Dubai

It is not surprising therefore, that entrepreneurs are flocking to setup business in Dubai. Each country has certain rules and regulations that are to be followed while starting a new organization. Company formation in Dubai is also subject to several rules and regulations. Morison Menon, as one of the top professional consultancy companies in dubai, UAE, assists clients to comply with such laws.

Procedure for Company Registration in Dubai

The Department of Economic Development, with the institutional support from the Dubai Chamber of Commerce & Industry, is the statutory body that regulates and controls the licensing procedures for company formation in Dubai; it also specifies the rules that need to be complied with during the entity’s lifetime. It was formed to organize and activate industry as well as internal and external trade in the Emirate and prepare studies relating to industrial and commercial activities. One of the first and most important steps for company registration in Dubai is applying for and procuring the required licences.

Types of Licenses issued in Dubai

1. Trade License

A trade license is issued to a natural or juridical person to practice any trading activity for the purpose of profit making through buying and selling of goods. These licenses are issued for engaging wholesale or retail trade enterprises, contractors, hotels, transport and storing establishments etc., A Trading License can be a General Trading or Specific Trading. A specific trading license limits the scope of activities to trade in only closely related items. [For e.g. a company can not trade in building materials, if its licensed activity is trading in computer peripherals]

2. Industrial License

An industrial license is issued to a natural or juridical person to practice any investment activity, the object of which is to discover natural resources or transform raw materials in terms of its structure or appearance into manufactured products or to transform the semi-manufactured products into fully manufactured products by using mechanical power and segregate the products, filling, assembling or packing them.

3. Professional License

A professional license is issued to a natural or juridical person to practice any profession in which he depends on his physical or mental efforts rather than depending on a cash capital. This license is issued to practice certain professions such as engineering consultancy, other consultancy services and studies, auditing and accounting, business set up, company formation, medical and educational services and similar services

A) Engineering Consultancy (Dubai Municipality Requirements)

  • To be a UAE national
  • To be holder of a BSc. Degree in engineering from a recognized university in one of the engineering fields for which he requires to obtain a license.
  • To have experience in the specialization field not less than three years after obtaining the university degree
  • To be a member of the Engineers’ Association in the Country
  • Not to be an owner or a partner in any of the contracting companies nor building materials trading companies

 

Expatriates may, pursuant to the stipulations and conditions provided for, apply for registration in the register of engineers subject to the following conditions:

  • To be exclusively dedicated to the business of the Engineering Firm
  • To have experience in the concerned engineering field not less than 5 years after obtaining the university degree.

Expatriate engineer must reside in UAE not less than 9 months in a year. One more expatriates may join the firm; provided they are entered in the Register of Practicing Engineers and the maximum shareholding in the capital allowed shall not exceed 49%. Engineering firm operating in Dubai shall adopt one of the following forms:

a) Local Engineering Firm

A local engineering firm is the firm owned by one or more UAE nationals who are entered in the Register. One or more expatriates may have share in the ownership of the firm, provided that they are entered in the Register and maximum such ownership allowed in 49%. A local engineering firm can be classified as follows:

b) An Associate Engineering Firm A local engineering firm classified as First Category may associate with a Foreign Engineering Firm in establishing not more than one Associate Engineering Firm to carry out some specialized engineering works, provided that such firms should have previously practiced the engineering profession for a period not less than 10 years inside or outside the country in the field required to be licensed.

c) An Expert Engineering Firm An Expert Engineering Firm is the firm carrying out some of the sophisticated specialized engineering works. Its work shall be limited to provide opinion to the local engineering firms, the associate engineering firms or any of the official bodies.

The applicant of the Expert Engineering Firm license must hold a scientific degree in a sophisticated engineering specialization, have practiced the profession in his sophisticated specialization for a period of not less than 15 years and required to carry out the activity personally. It is conditional for an Expert Engineering Firm (if the licensee is an expatriate) to appoint a UAE national as Local Service Agent whose domicile is in Dubai.

d) A branch office of Foreign Engineering Firm Foreign Engineering firm Branch Office is defined as the branch established in the Emirate by one of the foreign specialized engineering firms.

Licensing of the same shall be limited to the fields of sophisticated specialization not commonly provided by local engineering firms.

Conditions for Company Registration in Dubai:

The foreign engineering branch office should have high technical qualifications and specialized in one or more of the sophisticated engineering field and existing in the native country for a period of not less than fifteen years.

The management of the firm should be vested in a manager in charge, entered in the register of practitioners of the engineering consultancy profession, whose experience in the practice of profession is not less than 15 years. A registered local engineer may also be assigned for the management of the firm, provided that he is totally devoted to the business of such a firm.

The head office of the firm in the mother country should have carried out a number of projects of large technical and financial value. When submitting the application for the license, a full statement of such projects shall be attached with supporting drawings and documents.

a) Each of the licensed fields of activity to be practiced should be lead by an engineer whose experience is not less than 15 years in sophisticated specialization and it is permissible to appoint one of the specialization heads as a resident office general manager.

b) The specialization head should be assisted by a number of assistant engineers whose experience is not less than 7 years and that their number should be consistent with the volume of the current works assigned to the firm and that the head office should undertake to appoint the number necessary to reside in the Emirate throughout the period of carrying out the projects which require their presence.

B) Medical and Related Professions (Ministry of Health, Department of Health and Dubai Municipality Requirements)

Stage – I: Approval by Ministry Of Health

Formal application with local sponsor’s particulars and suggested trade name
Provide address/location of proposed clinic/pharmacy center for formal inspection by the MOH
Obtain no objection from MOH

Stage – II – Approval by Department of Health (DOH)

If the manager is a new appointment he should appear for DOH exam before
obtaining permission to proceed for the license. Exams shall be conducted within 2 weeks time from the date of submitting the application.

Upon successful clearance of the exam a formal request letter has to be submitted in the name of a UAE national to the “Director, Licensing and Specification Department with passport copy, nationality card, profile about the proposed establishment, experience of the doctor, location etc.

on reviewing the application, the department shall issue the no-objection letter to the department of Economic Development and Dubai Municipality.

Stage – III – Approval by Dubai Municipality and issue of License by Dept. of Economic Development

Submit formal license application and name approval form to the Department of Economic Development
Submit formal application for permission to the Clinics Department of Dubai Municipality The Municipality/DOH shall conduct formal inspection to satisfy their requirements as per the standards set.
The license shall be a professional license and issued in the name of UAE national.
The legal structure shall be sole proprietorship, however, the same may be converted into partnership subject to the approval of the Director (Licensing & Specification Dept) of DOH
The partnership must be in the name of a professional doctor.

C) Legal Consultancy (Ruler’s Office Requirements)

1. A formal letter addressed to H.H. Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai requesting for the approval to practice the activity legal consultancy in Dubai.

2. A detailed profile of the applicant mentioning his/her experiences in the legal consultancy field, i.e., curriculum vitae.

3. A certificate duly authenticated by the concerned authority confirming the applicant is currently practicing as a lawyer/legal consultant in the country.

4. A letter of confirmation from the Law Firm stating the applicant is a partner or working with the firm and the number of years.

5. Passport Copy of the Applicant.

6. Two passport size photographs.

7. Qualification Certificate/s duly legalized from the UAE Embassy.

D) Management Consultancy (DED Requirements)

1. To be exclusively dedicated to the business of the consultancy firm

2. To be holder of Bachelor Degree in the field in which he requires obtaining a License.

3. To have experience in the specialization field for not less than 3 years after obtaining the University degree.

4. Not to be owner or a partner in any of the consultancy companies.

5. To submit copies of work experience certificates and academic qualifications

6. To obtain a certificate of good conduct and reputation from Dubai Police General H.Q.

Industrial Areas for Company Incorporation in Dubai

The Dubai Government has allocated a number of Industrial areas and provided them with all necessary facilities, such as internal roads, electric power, water, tele-communication services and other facilities. The local government offers various incentives to the businesses involved in industrial projects.

These include exemption from customs duty on import of items for the use of industrial projects such as raw materials and machinery, in addition to a 10% price preference in government prices over imported goods. There are five basic requirements to be complied by an entrepreneur to start up an industrial project in Dubai.

1. No objection from Dubai Municipality

2. Obtain initial clearance from Ministry of Finance & Industry (Industrial Department)

3. Apply for industrial license with Department of Economic Development

4. Arrange the factory site (such as preparation of factory site, installation of machinery, import of raw materials etc.)

5. Register the project in the Industrial Register at the Ministry of Finance & Industry

  • Ras Al Khor Industrial area
  • Al-Quoz Industrial area
  • Al-Safa Area
  • Al Khubaisi Area
  • Um-Ramool Industrial Area
  • Al-Qusais Industrial Area
  • Jebel Ali Industrial Area
  • Dubai Investments Park (DIP)
  • Dubai Industrial City

Except form company registration in Dubai, we offers other services such as Auditing which is done by one of the best team of Auditor in Dubai, Other than auditing we are offering Accounting Services in Dubai, We also provide consultancy for business setup due to which we are one of the well known Consultancy Companies in Dubai, Abu Dhabi, Sharjah, kizad,Ras Al Khaimah,DAFZA .

Morison Menon Dubai Address & Contact Details

Level 15, Lake Central – At The Bay,
Business Bay, Al Abraj Street,
P. O. Box : 55535, Dubai, United Arab Emirates
Email: dubai@morisonmenon.com
Tel: +9714 2762233
Fax: +971 4 422 1680
Google+: https://plus.google.com/+MorisonmenonCharteredAccountants/posts
Facebook: https://www.facebook.com/MorisonMenon
Twitter: https://twitter.com/MorisonMenon

Morison Menon Dubai

Morison Menon famous for dubai offshore company formation is a leading professional advisory firm in the UAE, we have our headquarters in Dubai and offices in Abu Dhabi, Sharjah, Jebel Ali Free Zone and Ras Al Khaimah, within the UAE, and overseas operations in Oman, Qatar, Bahrain and India.Functioning independently under the Morison International group, we are proud to say that our firm is one of the best accounting firms in Dubai. In fact you could say that it is the premier firm for accounting in UAE itself. Our organization is structured to deliver a comprehensive array of services that will add value to our client organizations’ management. Our team is carefully handpicked to represent a wide range of backgrounds, experience and styles. This is why dedication, innovation and excellence are our hallmarks.

We endeavour to be a one-stop solution for our clients, and to this end, we provide several services like  Investment & Incorporation Services, Assurance Services, Financial & Business Advisory, Performance & Risk Advisory, IT Consulting & IT Products, Property Consulting, and Compliance & Consulting Services for companies in Dubai International Financial Centre.

This means that if you want to set up a business in Dubai or need any assistance with company formation in UAE, also setup the dubai offshore company acrss UAE. Morison Menon will be with you every step of the way. It’s not just the financial advice; we have our fingers in different pies like website development, healthcare, property, digital advertising and SEO services. So we can continue serving clients even after they have set up their business – to help them grow and expand, and to build a formidable web presence.

You may wonder why is it that we are so keen to be omnipresent where the UAE company formation is concerned. The reason is simple. The world of modern business is complex and the competition searing. A single aspect overlooked, a signal ignored – could lead to chaos and trouble. We at Morison Menon aim to help you examine every opportunity and face every challenge so that you can succeed and stride forward. Unlike other audit firms in Dubai we believe that your success is our business, and we are ever ready to provide valuable insights to help you make sense of market dynamics, leverage your investments, manage risk and protect your assets.

With a dedicated team of expert professionals, it’s small wonder that Morison Menon is one of the best audit firms in Dubai.  We help you navigate the complexities of regulation and policy changes smoothly and tide over any turbulence you may encounter with appropriate, well-timed solutions.

Let’s say you have already completed your setup in Dubai, but feel the need for a revamp or want to reach out to a bigger audience through the internet; what you need is a reliable web development company in Dubai. Perhaps you have a web presence already but your visibility is not so great, and you’re on the lookout for an SEO company in Dubai. In either case, we have the expertise to fulfil your requirements. We are pleased to say that we have successfully delivered innovative and creative digital solutions to dozens of satisfied customers globally.

We strive for our clients to excel, regardless of where they are based in the world. We would like to mention here, that we offer only such financial services as are permitted by the Regulating Authority and legal framework for accounting and audit firms in Dubai.

Transform your business with our relentless execution of creation, preservation and enhancement of value.

Our perseverance for excellence bore fruit when Morison Menon was chosen Superbrand in 2014. So when you think of good firms for accounting in Dubai, think excellence; think Morison Menon.

Morison Menon Dubai Address & Contact Details

Level 15, Lake Central – At The Bay,
Business Bay, Al Abraj Street,
P. O. Box : 55535, Dubai, United Arab Emirates
Email: dubai@morisonmenon.com
Tel: +9714 2762233
Fax: +971 4 422 1680
Google+: https://plus.google.com/+MorisonmenonCharteredAccountants/posts
Facebook: https://www.facebook.com/MorisonMenon
Twitter: https://twitter.com/MorisonMenon

Morison Menon Dubai

Morison Menon famous for dubai offshore company formation is a leading professional advisory firm in the UAE, we have our headquarters in Dubai and offices in Abu Dhabi, Sharjah, Jebel Ali Free Zone and Ras Al Khaimah, within the UAE, and overseas operations in Oman, Qatar, Bahrain and India.Functioning independently under the Morison International group, we are proud to say that our firm is one of the best accounting firms in Dubai. In fact you could say that it is the premier firm for accounting in UAE itself.

Our organization is structured to deliver a comprehensive array of services that will add value to our client organizations’ management. Our team is carefully handpicked to represent a wide range of backgrounds, experience and styles. This is why dedication, innovation and excellence are our hallmarks.

We endeavour to be a one-stop solution for our clients, and to this end, we provide several services like  Investment & Incorporation Services, Assurance Services, Financial & Business Advisory, Performance & Risk Advisory, IT Consulting & IT Products, Property Consulting, and Compliance & Consulting Services for companies in Dubai International Financial Centre.

With a dedicated team of expert professionals, it’s small wonder that Morison Menon is one of the best audit firms in Dubai.  We help you navigate the complexities of regulation and policy changes smoothly and tide over any turbulence you may encounter with appropriate, well-timed solutions.

Let’s say you have already completed your setup in Dubai, but feel the need for a revamp or want to reach out to a bigger audience through the internet; what you need is a reliable web development company in Dubai. Perhaps you have a web presence already but your visibility is not so great, and you’re on the lookout for an SEO company in Dubai. In either case, we have the expertise to fulfil your requirements. We are pleased to say that we have successfully delivered innovative and creative digital solutions to dozens of satisfied customers globally.

We strive for our clients to excel, regardless of where they are based in the world. We would like to mention here, that we offer only such financial services as are permitted by the Regulating Authority and legal framework for accounting and audit firms in Dubai.

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