The first step is to decide on the name of your company. It may happen that the name that you have in mind has already been registered, so a good business setup consultant can run a search for you and see if the name is available. You can then proceed to form a company under this trade name. This step requires a company formation expert who can draw up the Memorandum of Association / Articles of Association and get the documents registered.
Once you have established your company, the next step is to get a Commercial Trade License for your company, paying the requisite fees. The fees vary, depending on the number of business activities included in the Commercial Trade License for your establishment and also on the type of company. The rule of thumb is that the higher the number of business partners, the more will be the fees payable. Similarly, having more activities included in the Commercial Trade License also increases the cost of the License. So there are no hard and fast answers to how much a Commercial Trade License costs in Dubai or elsewhere in the United Arab Emirates. The fees also vary by emirate, and a business setup consultant can help you determine the exact costs of getting a Commercial Trade License for the intended business activity by your proposed company.
The right business setup consultant listens to you and your needs, advising you on company formation. At A&A Associate LLC, we work closely with our in-house team of legal experts to ensure that everything is done just the way it should be. We pay extreme attention to detail, because we know that it is the small details that make up the larger picture. Even after your company has been established, we continue to support you and your journey by offering you cost-effective bookkeeping, accounting, and audit solutions. This way, you can focus on what you do best – running your business.