Licensing and leasing an office in the UAE: key aspects for starting a business

In the United Arab Emirates, any commercial activity is subject to compulsory licensing. This process is a key step in registering a business in emirates such as Dubai, Abu Dhabi or Sharjah. The Department of Licensing issues the necessary documents after prior approval from the Ministry of Economic Development to register your company.

The cost of a license varies depending on its type and scope of activity. The average time to obtain the document is about a week. It is important to note that a license is usually issued for one year, after which it must be renewed. The renewal process is not automatic and involves re-verifying the compliance of the business with the established requirements, including the amount of authorized capital and the level of economic presence in the country.

Before applying for a license, it is necessary to choose a unique name for the company. You can check the availability of the name on the official website of the UAE Ministry of Economic Development. A business plan, the proposed name and a number of other documents will need to be submitted to obtain preliminary approval for company registration.

An important stage is the drafting of the Memorandum of Association, an analog of the Russian Charter of the Company. This document should contain key information about the business, including its objectives, management and capital details.

Renting an office in the UAE

Having a physical office is a prerequisite for most types of companies in the UAE. The process of finding suitable premises can take several months, so it is advisable to start early.

When choosing an office, you should consider the specifics of business centers in different emirates. For example, Dubai is known for its modern business districts, while Abu Dhabi may offer more traditional office options.

Investing in real estate and obtaining a visa

It is worth noting that buying commercial real estate in the UAE can be not only a solution to the office issue, but also an investment that opens up additional opportunities. For example, with a certain amount of investment in real estate, you can get a long-term visa to live in the country.

Choosing a free economic zone

An alternative to the traditional office lease can be the placement of the company in one of the numerous free economic zones of the UAE. Each zone is different and can offer a variety of office space options, including virtual offices for certain types of businesses.

The process of obtaining a license and leasing an office in the UAE requires careful planning and consideration of many factors. Compliance with all requirements and the right choice of office location can greatly simplify the process of registration and further business in this dynamic region. Consultation with local experts is recommended to optimize the process and minimize possible risks.

Feel free to contact us via the contact form on our website. We will be happy to answer all your questions and help you start a successful business in the UAE.