How to register a company in DIFC Dubai?

How to register a company in DIFC Dubai?

Procedure to register a company in DIFC Dubai (How to register a company in DIFC Dubai)

  • First and foremost, the candidate must choose a UAE-based sponsor. In order to meet the requirements of Federal Commercial Companies Law No. 2 of 2015, this requirement must be fulfilled on a mandatory basis (Companies Law).
  • However, if the applicant wants to open an office in the DIFC, a sponsor is not required.
  • The applicant must then proceed to the Department of Economic Development to reserve the company’s name. The application, along with the required fee, must be submitted to reserve the company’s name.
  • The applicant would be responsible for drafting the Company’s memorandum and articles of association. The MOA and AOA documents would be available for download from the Companies Registry.
  • The documents, along with the application, must be delivered to the Department of Economic Development and the Companies Registry after the writing of the application is complete. The documentation pertaining to this would be processed by the Companies Registry.
  • The firm would get a certificate of incorporation from the Companies Registry, allowing it to carry out the required operations in Dubai. After this procedure is completed, the applicant must choose the type of license that is required to conduct business.
  • The ROC issues a “Certificate of Continuation” to the transferred firm when it transfers its incorporation to the DIFC. The ROC’s seal and signature, the name and status of the incorporated, continued, or registered entity, the registration number, and the date of issuance appear on all documents.

Documents required

  • Personnel Sponsorship Agreement signed by both parties (2 original copies of this document needed, duly signed)
  • Passport copies of the Directors, Company Secretary, and Beneficial Owners specified on the Application for Registration as Authorised Signatories.
  • DFSA In principle Approval and Draft License
  • NOC for sharing registered space issued by DIFC Authority
  • Copy of the title deed or the NOL issued by the DIFC Registrar of Real Property.
  • Relationship Declaration.
  • Declaration LTD-PCC. This document is generated upon finalizing the request on DIFC Client Portal and must be signed by the shareholders or the person authorized by the body corporate shareholder.
  • A copy of its place of origin, or a document of similar effect, incorporator’s current certificate of Incorporation or registration is certified by the relevant authority in the jurisdiction in which it is incorporated or registered.

What are the types of legal entities?

companies limited by shares:

  • A Public Company (PLC);
  • A Private Company (LTD); or,
  • A branch office of a pre-existing foreign company (Recognised Company)
  • A party may also seek to transfer the incorporation of an existing company to the DIFC from another jurisdiction (Continued Company).

Under the Limited Liability Partnership Law a prospective registrant may seek to establish:

  • A Limited Liability Partnership (LLP); or
  • A Branch of a pre-existing foreign Limited Liability Partnership (RLLP)

Under the General Partnership Law, a prospective registrant may seek to establish:

  • A General Partnership (GP); or
  • A Branch of a pre-existing foreign general partnership (RP).

Under the Limited Partnership Law, a prospective registrant may seek to establish:

  • A Limited Partnership (LP); or
  • A Branch of pre-existing limited partnership (RLP); or
  • A party may also seek to transfer the existing limited partnership into DIFC from another jurisdiction (Continued LP).

Under the Non-Profit Incorporated Organisations Law, a prospective registrant may seek to establish:

  • A Non-Profit Incorporated Organisation (NPIO); or
  • A party may also seek to transfer an existing nonprofit incorporated organization into DIFC from another jurisdiction (Continued NPIO).

Under the Foundations Law, a prospective registrant may seek to establish:

  • A Foundation;
  • A Branch of a pre-existing Foundation (Recognised Foundation); or
  • A party may also seek to transfer an existing foundation into DIFC from another jurisdiction (Continued Foundation).

Eligibility

  • For a corporation that is registered in Dubai, there are three types of licenses available.
  • To register a corporation in Dubai, you will usually need a local sponsor. Finding a local sponsor is a prerequisite.
  • Choose the Form of Business Structure- When a company is formed in Dubai, the applicant must choose the type of business structure that will be used.

Details to fill the form to register a company in DIFC Dubai

  • You can start filling out the Application for Incorporation/Registration on the DIFC Client Portal once you have received in-principle approval and a registered operational location in the DIFC.
  • The DIFC Client Portal is a DIFC-developed system that extends and simplifies the DIFC Registrar of Companies’ services.
  • Log in to the portal. Then enter the details. using your user name and Password.

How to register a company in DIFC Dubai

How to register a company in DIFC Dubai

  • Once you logged in to the portal, click on the Company services Icon. Then click on the Application for incorporation.

How to register a company in DIFC Dubai

  • Then select your entity’s legal structure and fill in the information.

  • Once the legal structure is selected as’NIPO’. Complete all the fields in the first section to be able to proceed to the other section.
  • The following sections need to be filled on the system to submit the application. Post submission, DIFC Registry Services will process your application within five working days. In case of further information is required or documents to be uploaded, the portal user will be notified by email and the same will be accessible under the “pending Action ” tab.
  • You can check more details here.
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