Is it possible to obtain Dubai residency by registering a company?
Many Iranian applicants still do not know that by using Company registration in DubaiIt is possible to obtain residency in this country. In response to you dear ones, we must say that obtaining Dubai residency through company registration in the UAE is completely feasible. By registering a company in Dubai, you will receive a 2-year residency. Regarding Residency in the UAE through Company Registration It’s good to know that:
- It is important to know that this residence is a temporary residence and it is possible to obtain Permanent Residency in Dubai There is no company registration.
- The good news is that this 2-year temporary residence is renewable, and you can extend your stay again at the end of the two years while maintaining your business.
- You can also obtain Dubai residence cards for your family members by registering them as company shareholders.
Steps for obtaining UAE residency through company registration
Registering a company in Dubai and obtaining UAE residency thereafter involves specific steps that must be carefully followed. Properly completing these steps can increase the chances of your application’s success and also make the process easier for you.
To register a company in the UAE and obtain residency, you must follow the steps below:
Defining the Nature of the Business
The first step is to define the nature of your business and clarify your goals. This will help you more easily obtain the necessary licenses and choose a simpler legal structure.
Obtaining a Company Registration License in Dubai
In previous sections, we introduced the types of company registration licenses in Dubai. Depending on the nature of your business, you need to select the appropriate option. The best option for Iranians is the commercial license. You should also determine the company structure at this stage.
Choosing a Company Name in Dubai
After obtaining the license and determining the legal structure of the company, you need to choose a company name. The name you select must comply with UAE regulations in this regard, and choosing a suitable name may sometimes cost up to 2000 AED.
Waiting for Initial Company Approval
After these steps, you need to wait for a period for the initial approval of the company by government authorities. Once the company is approved, you can proceed with the other steps.
Preparing the Company’s Articles of Association
Once the company is approved by the UAE government, you can draft its Articles of Association or agreement. For limited liability companies, public joint-stock, or private joint-stock companies, it is necessary to prepare the Articles of Association or MOA.
Selecting an Office Location for the Company
Registering a company in the UAE and starting a business requires you to designate an office. According to regulations, some companies must provide an office lease agreement. The office location must be registered on the Dubai Land Department’s website.
Submitting Required Documents and Paying Fees
At this stage, you must complete the necessary documents for company registration and pay the related business license fees to the relevant authorities.
Other Company Registration Steps
After completing the above steps, you must also go through additional procedures. The final steps for company registration in the UAE and obtaining residency include the following:
- Registering the Company with the Chamber of Commerce
- Traveling to the UAE to sign contracts and complete fingerprinting
- Obtaining a residence card and ID card for the company owner
- Opening a bank account in the UAE to manage company affairs
- Obtaining residency for family members of company shareholders
- Hiring staff in the company and starting operations
The process of company registration in the UAE can take about 2 weeks or 14 working days. (Provided there are no obstacles in the administrative procedures.)
Conditions for obtaining Dubai residency through company registration
To obtain Dubai residency by registering a company, you must also meet certain specific conditions. Obviously, the more you fulfill the necessary requirements for company registration and residency acquisition, the higher your chances of success will be compared to others. Some of the necessary conditions for company registration include:
- Being at least 18 years old to register a company
- Obtaining parental permission for company registration between the ages of 18 and 22
- Not suffering from contagious or specific diseases
- Having no active legal cases or prosecutions
- No history of deportation from the United Arab Emirates
- Registering and approving the company name at the UAE Department of Economic Development
- Providing the articles of association according to the legal structure
- Submitting a business plan for company registration
- Introducing a sufficient number of shareholders (at least 1 person, and in some cases at least 3 people)
- Obtaining a valid visa to enter the UAE
- Providing a physical address for the company office
- Having the minimum capital required to establish the company
Required documents for residency through company registration in the UAE
Submitting the necessary documents for company registration in Dubai and obtaining residency through this method is very important. Incomplete documents, submitting incorrect or even fake documents can significantly delay the process of obtaining Dubai residency through company registration. Therefore, you must have prepared all the following required documents:
- Completing and submitting the company registration application form in Dubai
- Submitting a business plan
- Providing passports with sufficient validity for the company managers
- Providing the passport and identification documents of the Arab sponsor
- Providing a No Objection Certificate (NOC) from your sponsor
- Bank reference letter for each of the company shareholders
- Copy of documents related to obtaining a tourist visa
- Company articles of association
- National ID card
- Photo
Required costs for residency through company registration in Dubai
The cost of registering a company in Dubai can vary greatly depending on the company registration license and the type of legal structure. Generally, regarding the costs of setting up and registering a company in the UAE, we can mention the following points:
- Establishing a service company, The cheapest way to obtain residency in Dubai It is. The minimum setup cost for these companies ranges between 11,000 to 18,000 AED.
- The best company that Iranian applicants can establish to obtain UAE residency is a Limited Liability Company (LLC). Registering an LLC company can typically cost around 20,000 to 25,000 AED on average.
- Also, if you intend to establish general trading companies, you should know that this may require a budget of about 32,000 to 35,000 AED.
In the table below, you can find more information about company registration costs in Dubai:
| Cost item | Cost amount (AED) |
|---|---|
| Administrative and office expenses | 9,000 to 10,000 |
| Company registration license fee | Minimum 10,000 and maximum 50,000 |
| Initial company capital | Minimum 1,000 |
| Company registration operational costs | Variable, depending on the type of business |
| Cost of choosing a company name | About 2,000 |
| Office rental cost | At least 5,000 annually |
| Residency and deposit fees | 4,500 (residency) + 3,000 (deposit) |
| Company registration and residency change fees | 1,000 |
| Ejari certificate or lease contract cost | 4,000 to 6,000 |
Advantages of Dubai residency through company registration
Undoubtedly, obtaining Dubai residency by registering a company can bring you many benefits. By registering a company in Dubai, you will gain valuable privileges; Two-year UAE residencyAccess to the free market as well as unrestricted and sanction-free trade are just some of the benefits of company registration and starting a business in the UAE.
Some of the most important advantages of obtaining Dubai residency through company registration include:
- The company registration process in Dubai is very fast and takes only 2 weeks.
- By registering a company in Dubai, you can also obtain UAE residency for your family members.
- With company registration in Dubai, you will not need to pay any taxes.
- In Dubai, the income tax rate is zero, and for incomes above 375,000 AED, it is only 9%.
- There is no need for continuous activity to renew the operation of a registered company in Dubai.
- Company registration in the UAE is possible with just one shareholder.
- It is also possible to register a family company in the UAE.
- In some cases, you can register your company without the need for an Emirati sponsor.
- Depending on the type of company, you can register it as a virtual company without the need to rent an office.
- Obtaining UAE residency through company registration allows you to open a bank account in the country.
- Also, with Dubai residency through company registration, you can enroll your children in schools and universities in the Emirates.
Registering a company in Dubai is one of the most popular routes to obtaining residency in the UAE. It means that entrepreneurs and business owners can combine the advantages of becoming a resident with the benefits of operating in a business-friendly environment.
Persian Translation
Registering a company in Dubai is one of the most popular ways to obtain residency in the United Arab Emirates. This means entrepreneurs and business owners can benefit from residency advantages while operating in a business-friendly environment.
Types of licenses for UAE residency through company registration
To start the company registration process in Dubai and then obtain UAE residency, you first need to acquire a company registration license. Today, there are more than 100 different licenses available for company registration in the UAE. You can obtain the relevant license based on your goals and business plan and proceed with company registration.
Some of the most common company registration licenses include:
Commercial license
According to our experts, the best option for obtaining a company registration license in Dubai is this one. The commercial license is not only very simple to acquire but also less expensive and more economical. With this license, you can engage in buying and selling, trade, import, and export of goods in Dubai.
Industrial license
If you have the necessary facilities to set up a production line in the UAE, you can use the industrial license. Simply put, the industrial license allows you to have a manufacturing factory in the UAE.
Professional License
If you have professional expertise in fields such as law, engineering, or similar areas, you can use the professional license to register a company and start a business in Dubai and obtain UAE residency.
Other licenses
There are some other types of company registration licenses in Dubai that are less commonly used compared to the previous ones. The most important among them include:
- Agricultural License
- tourism license
- Specialized License
- Service and Other Licenses.
Types of Companies for Company Registration in Dubai
After obtaining the license, it is time to choose the company's legal structure. Just like selecting the license for company registration in Dubai, choosing the legal structure or company type also depends on various factors. If you do not have enough information to choose the company's legal structure, it is necessary to consult with a specialist in this matter.
Among the most common types of companies for registration in Dubai are the following:
Limited Liability Company (LLC)
The best and most affordable option for obtaining Dubai residency through company registration is to register and establish a limited liability company. Additionally, this method is considered the fastest way to obtain UAE residency. To set up this company, you will need a trade license. The management of this company is more flexible, and the partners' liabilities are limited. An LLC can also be registered without an Emirati sponsor. The minimum number of partners in this company is 2, and the maximum is 50.
Public Joint Stock Company (Public Joint Stock Company)
If you want to establish a large company, this option is better for you. The required capital for this company will be raised through a public offering of shares. It is important to know that the initial capital required for this company is higher than the previous one.
Private Joint Stock Company (Private Joint Stock Company)
The legal structure of this company is very similar to the previous one; the only difference is that the shares for raising the initial capital are offered only to private investors.
Free Zone Company (Free Zone Company)
As the name suggests, these companies are registered in free zones. Among the advantages of these companies are certain specific tax exemptions and 100% ownership control in company management.
Foreign Company Registered in the UAE (Offshore Companies)
For companies that are only registered in the UAE but whose main activities are outside the country's borders, this option can be very suitable. These companies have a simpler structure and also benefit from legal exemptions.
Commercial Representative Office (Branch Offices)
If you currently own a company and want to have a branch in the UAE, you should choose this legal structure. Opening a commercial representative office in Dubai allows you to expand your business.
Final words
Among all the available methods for obtaining Dubai residency, acquiring residency through company registration can be the easiest and most profitable. In this article, we reviewed the details of obtaining UAE residency by registering a company; we examined the conditions and required documents and also saw what the most affordable way to register a company in Dubai is. For more information and to receive specialized consultation, you can contact our experts.
