How to Set Up a Promotion and Introduction Company in Dubai, UAE?

Dubai - the ground full of opportunities invites investors to start their dream business in the strategic location of Dubai, UAE. Modern infrastructure and high-tech technologies attract foreign investors.

You need an SCA license to start a Promotions and Introductions Company in Dubai; the basic this you need for this is to have a physical onshore business.

Continue reading to understand the procedure and the documents required for getting the license for your business setup in Dubai.

Set Up a Business in Dubai - Essential Documents for Starting a Promotions and Introduction Company

Read the below list of documents to understand better the requirements for a business setup in Dubai.

• Company Plan

Plan everything about the company, from the finances to the location and name.

• Copy of MoA and AoA

You need to have a copy of the MoA and AoA with the relevant approval.

• Documents need to be submitted to Insurance Authority

If the Insurance Authority governs the applicant, it has to submit the following:

1. A licensed copy issued by the Authority
2. Copy from the Authority's approval for the applicant to practice the Promotional operation.

• Trade Permit Copy

Have the approved document copy that says that you are allowed to trade legally.

• Receipt copy for SCA fees

Keep the receipt of the fees that you paid.

• Copy of Tenancy Agreement

This is also called Ejari, and this is important when you go for a bank account opening.

• Bank Fee Evidence

Evidence of depositing the paid-up capital in a bank account.

• Financial Report Copy

Copy of the financial report for the last three years

• Documents of All Shareholders

For partners/shareholders (natural persons) holding 5% or more of the shares, copies of the documents required: (Autobiography, Fit, and proper supporting documents).

• Legal Advisor’s Document

A document issued by the applicant's legal adviser demonstrating certain legal or judicial obligations or decisions relating to the applicant

• Basic Documents

1. Passport Copies of Shareholder visa copies as well (s)
2. A portrait of the shareholder, as well as (with a white background)
3. And passport copies of shareholder visas, too (s)

Other Requirements to Start a Company in Dubai

Some other essential requirements are as follows to get your business license in Dubai:

• Register the company with the required authorities
• The parent company should be authorized to do promotions legally
• Get authorization from the central bank
• Get MOM approved y relevant authorization
• Have a MOM translated into Arabic
• Pay the fees
• Appoint a local agent to take care of all the legalities
• Keep all the basic amenities ready, or opt for such office space that has all the basic amenities and get approval to use them
• Hire someone to handle the internal security control and the local market
• Keep a track report of the risk that the company faced in tha past to do proper risk management.

Reach Out to Us to Set Up a Business in Dubai

The above details might look confusing, but not if you hear the same from an expert. Contact Commitbiz right away to have a hassle-free business setup process.