Registration of a company name is one of the important preliminary steps an entrepreneur has to undertake before establishing a business in Dubai. The city offers a friendly business climate, combined with its strategic location and highly developed infrastructure, making it one of the prime business hubs. One has to follow some guidelines and steps to enable running a business name through the registration system. This article will further define what to do for the registration of your company’s name in Dubai.
After identifying the Nature of Your Business Activity and the company’s legal structure, it’s time to decide on a catchy name for your company. Here are some considerations:
Most business entities will register a trade name as a usual practice, but many UAE residents do not know the specifics of the matter. You can apply for a trade name through the Department of Economic Development (DED) of the chosen emirate (e.g. Dubai’s DED) on its website or smart application, or personally.
Choose a trade name that will associate with your brand. Ensure the trade name follows the DED rules and regulations. If the DED finds the name not viable according to the regulations, it holds the right to cancel the name.
This step is basically searching for an acceptable trade name. When the name is chosen, check whether such a name is available with DED personally or through its web portal, as many trade names are already in use by various business concerns.
After following the DED trade name guidelines and verifying the availability of the name, the trade name can easily be reserved. If the trade name is not reserved in advance, another business may take that trade name, which will create problems. The initial step of obtaining the license, the name reservation, can be done via DED. Your name will be reserved after verification from the DED.
You must pay for your trade name reservation processing. It is at the last stage on this list because you will not have a certificate without a trade name that abides by the DED trade name guidelines. Your payment will be confirmed within 72 hours. The validity of the trade name is only six months, and if need be, you can reserve it again.
Registering your business by the appropriate name is a critical step in Dubai. Proper completion of all the above steps and adherence to all requirements would complete the process smoothly. Proper planning and knowledge about the requirements of trade name registration can save your firm from predictable losses and make it closer to success.
Registering your company name may not be an easy process. Consult Farahat & Co., where you are guaranteed the best advice on registration and assured of complying with all relevant regulations while avoiding headaches from the procedure. FAR Consulting Middle East. professionals will take care of availability checks, compilation of necessary documents, and approvals. Ease the process of company name registration in Dubai today so you can focus on corporate expansion.