Understanding the Documents Required for UAE Business Setup

Understanding the Documents Required for UAE Business Setup

If there’s one thing that aspiring entrepreneurs dread before setting up a business, it’s the paperwork involved. Handling documentation, navigating procedures, and seeking approvals are commonly seen as challenging tasks. However, it does not have to be as complicated as it seems, especially when you hire a business setup consultant in the UAE to assist you. Let us give you an overview of the key documents that are required before you get started with your venture.

Documents Required for UAE Company Formation

Based on the nature and jurisdiction of your business, the setup process may involve the submission, preparation, and issuance of some or all of these documents. 

Identification Documents

As the shareholder of the business, your personal documents such as passport, address proof, and visa (for residents) are vital. Submission of originals or copies of these documents is required right at the start of the setup procedure. In addition to this, you may be required to produce additional documents such as your past bank statements for KYC purposes. 

Business Plan

A business plan outlines various aspects of your business such as the long-term/short-term objectives, product/service details, marketing plans, funding plans, financial forecasts, and so on. Essentially, a business plan must effectively convey what your business is all about. Having a well-drafted business plan is crucial as it gives the authorities and potential investors a complete overview of your business.

Board Resolution

A board resolution is a document that formalizes the decisions made collaboratively by the directors of the company. These decisions could be regarding key company affairs such as appointing a manager, setting a company name, starting a new branch, and so on. This document is legally binding and serves as a record of the decisions made by the board. A business setup consultant can assist you in drafting a board resolution.

No Objection Certificate (NOC)

A No Objection Certificate (NOC) is usually required when you are looking to start a business while being employed. An NOC in this scenario must be obtained, stating that your current employer has no objection to your business. This document may also be required if your visa is sponsored by an individual other than your employer (e.g. your spouse). It must be noted that all free zone jurisdictions may not require a No Objection Certificate.

Articles of Association (AOA)

The Articles of Association (AOA) specifies the regulations related to the internal functioning of the company. These could include regulations associated with affairs such as the appointment of a secretary, the appointment of an alternate director, delegation of powers, proceedings at meetings, etc. Also, this document may specify the share capital information and regulations defining the transfer of shares. The Articles of Association (AOA) is prepared by the license issuing authority based on the information you have given.

Memorandum of Association (MOA) 

The Memorandum of Association (MOA) defines the company’s fundamental objectives and is an official confirmation that the shareholders have agreed to form a company. This document states the key company details such as the company name, structure, address, objectives, duration, scope of operations, and so on. It can cover aspects such as the dispute resolution process, financial obligations of the shareholders, sharing of benefits, etc. Just like the AOA, the Memorandum of Association (MOA) is also prepared by the license issuing authority.

Tenancy Contract

A tenancy contract is issued by the land department of the relevant emirate. Basically, a tenancy contract is a legal document specifying the rental cost and the duration along with the tenancy terms and conditions as agreed upon between the landlord and the tenant. The tenancy contract must be submitted to the relevant authority before you can be granted the trade license.

Trade License

A trade license is the final document issued to you after which you can get started with your business. This document specifies the business activities that you are authorized to carry out. The main types of business licenses issued in the UAE are professional, commercial, and industrial licenses. Depending on the jurisdiction you have selected for setup, you may be issued a license that varies from these three. 

It is advisable to acquire professional assistance and streamline the documentation process. A business setup service provider like InZone can comprehensively assist you with the documentation, and the overall company formation process. Get in touch today and get started with your business in no time.

Let's Talk

Get a response within 4 business hours!

This field is required
This field is required
This field is required
This field is required
We will handle your personal data in compliance with our Privacy Policy

Recent Articles

What are Non-Resident Bank Accounts in the UAE?

As can be expected from a prominent business and financial hub, the UAE has a booming yet stable banking industry. With total assets worth over 813 billion U.S. dollars, the UAE’s banking sector leads in the Middle East. The ease of banking and the excellent facilities available enhance the UAE’s appeal as an investment destination....
Read More ›

UAE VAT Registration in 2024: All You Need to Know

Value-added tax (VAT) was introduced in the year 2018 in the UAE. With the introduction of this federal tax, the UAE shed its long-standing tax-free status. Notably, the UAE’s Federal Tax Authority (FTA) was also launched shortly before this tax was implemented. As of 2024, VAT continues to be applicable and has been a major...
Read More ›

How to Obtain Family Visa in the UAE?

The United Arab Emirates (UAE) without a doubt is a desirable destination for expats from all over the world thanks to its growing economy, modern infrastructure, and high quality of life. Many expats residing in the UAE can sponsor their family members by obtaining a UAE family visa. In this article, we’ll be understanding the...
Read More ›

Family Offices in the UAE: A Complete Guide

Of late, an increasingly high number of super-rich families are investing in the UAE, and this trend does not seem to be slowing down. With an existing count of over 100,000 millionaires, the UAE is projected to further attract over 6000 more millionaires in 2024. These High-Net-Worth-Individuals (HNWIs) are noted to be coming from countries...
Read More ›

Top Business Ideas in Dubai for Beginners

Dubai, a city known as an icon of luxury, skylines, and a thriving economy, offers many opportunities for entrepreneurs. Whether you are a seasoned professional or simply a beginner, Dubai’s dynamic business environment can be highly rewarding. Here are some top business ideas ideal for beginners looking to start a successful business in this vibrant...
Read More ›

How to Get a Business Visa in Dubai?

Without a doubt, Dubai is a well-known thriving hub for business innovation and investment. If you are aiming to start your business in Dubai, securing the appropriate business visa is of utmost importance for residency. Continue reading if you want to know more about how to get a business visa in Dubai as in this...
Read More ›

How to Register a Company in Dubai From India?

With a strong economy and business-friendly environment, the city of Dubai certainly presents a rewarding opportunity for business expansion for entrepreneurs. If you’re an entrepreneur seeking to expand your entrepreneurial horizons and wish to start your business in Dubai from India, the best part is that this process can be done completely remotely! This blog...
Read More ›

Checking Your UAE Visa Validity and Status: A Comprehensive Guide

The process of verifying your UAE visa can sound like a complicated one, but with the right information, it’s a straightforward task. Whether you’re planning a trip to the UAE or already residing in the UAE, understanding your visa details is without a doubt highly necessary to ensure a smooth and hassle-free experience. Checking the...
Read More ›

Understanding Involuntary Loss of Employment Insurance (ILOE) in the UAE

In today’s constantly changing world, employment stability can be quite unpredictable, and the repercussions of losing a job can be overwhelming. For dealing with such risks, the UAE government has introduced a safety net known as Involuntary Loss of Employment Insurance. This policy mainly for the purpose of to support residents facing unexpected job loss...
Read More ›
We Accept

We accept the following credit cards. Our website is secured with SSL 256 Bit Encryption.

We accept credit cards
Why Choose InZone
  • We provide 30 day money back satisfaction guarantee to all our clients.
  • We provide 100% confidentiality to all our clients.
  • We provide a dedicated account manager.
  • We provide bank account opening assistance through our well-established banking relationships.
Refer & ReceiveRefer and Earn
Contact Us