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LLC COMPANY FORMATION IN DUBAI
Question – What are the requirements to start up a Freight Forwarding & Logistics License?
What is the process to form a Freight Forwarding & Logistics License in Dubai?
We at PRO Desk assist customer in setting up a Freight Forwarding & Logistics License in Dubai. This License falls under Commercial category and is termed as LLC. This license includes Cargo packing, Cargo Clearing, Freight Forwarding License, etc. The following are the steps required to start a new license in Dubai.
Trade Name Reservation
The first and foremost step in registering the License in DED is to select a name and it needs to be approved by DED. The client needs to give Three name options and depend on the availability in the DED the name will be approved. The activity code will be a part of the Trade Name reservation. (Kindly note: – The name cannot be reserved by Name of the country & Continent, Famous Regions and Town, etc)
Initial Approval
Once the Trade Name is reserved, then the next step is going for Initial Approval. For Initial approval the activity needs to be specified. The list of trading activities can be selected from the activity list. All the documents need to be submitted at DED for approval and Issuance of Initial approval Certificate.
Drafting of MOA agreement
MOA (Memorandum of Association) agreement needs to be drafted once we receive the Initial approval from DED. The MOA agreement can be typed in Arabic or English and Arabic as per the clients need. If the MOA is drafted in English and Arabic it needs to be legalised from a Legal Consultancy firm.
Notary Public
Once the MOA agreement is ready, then all the partners and local partner needs to proceed to Dubai court for notarising the agreement in the presence of the court person. Four copies of the agreement is done, one for the Court Original, once copy for Partner, one copy for Local Sponsor and one for the service provider if required.
Dubai Maritime Approval
Once the Notary is done, the applicant needs to fill in the application for getting approval from Dubai Maritime City. Dubai Maritime City will issue a NOC for registering the company in DED. Once the license is formed the copy of the Trade License needs to be submitted to the Dubai Maritime City.
Ejari (Tenancy Contract)
The Tenancy contract must be registered in the Land Department between the Landlord and the Tenant and on submission they will issue an Ejari. The minimum square feet required is 200.
Payment Voucher at the DED
Once the Notary and Ejari is done submit all the documents to DED to get the Payment voucher. The DED will register the company in the Commercial Register and the Payment Voucher will be out.
Trade License
On receiving the Payment voucher, we can pay the voucher in the DED either through Cash or by Card and get the Trade License immediately. Once the license is received you can then do the amendment by adding PO. Box and other details.
On receiving the Trade License submit it to DPS to obtain the DPS Certificate.
Documents Required for Trade name reservation: Passport copy of Partner or Local Sponsor
Documents Required for Initial Approval: Passport copy of the Local Sponsor, Passport copy of the Partner, EID copy of local sponsor and Partner. If the Manager is a third person then the Visa page copy and EID copy of the person is required.
Documents Required for Drafting of MOA agreement: Passport copy of the Local Sponsor, Passport copy of the Partner, EID copy of local sponsor and Partner. If the Manager is a third person then the Visa page copy and EID copy of the person is required. Copy of Initial Approval and Trade Name Certificate.
Documents Required for Notary Public: Passport copy of the Local Sponsor, Passport copy of the Partner, EID copy of local sponsor and Partner. If the Manager is a third person then the Visa page copy and EID copy of the person is required. Copy of Initial Approval and Trade Name Certificate to be attached.
Dubai Maritime Approval: Passport copy of the Local Sponsor, Passport copy of the Partner, EID copy of local sponsor and Partner. If the Manager is a third person then the Visa page copy and EID copy of the person is required. Initial approval copy along with the Notarised MOA.
Documents Required for Ejari (Tenancy Contract): NOC from Landlord, DEWA deposit slip, EID of the Tenant and Landlord, Passport copy of tenant.
Documents required for Payment Voucher:
Trade Name reservation copy, Initial Approval Certificate copy, Attested MOA from Notary public, Ejari copy, Passport copy of the Local Sponsor, Passport copy of the Partner, EID copy of local sponsor and Partner. If the Manager is a third person then the Visa page copy and EID copy of the person is required.