Company Formation

Oryx World can assist with your business set up when you take a serviced office within Empire Heights. Our experienced PRO’s can apply for your mainland trade licence and visas quickly and easily.

Oryx World can assist with your business set up. The Oryx World Business Centre offices are DED compliant being at least 200sqft and suitable for companies wishing to directly trade and provide services locally. Our trusted network of local sponsors and expertise mean we can arrange all required paper work and permissions allowing you to concentrate on running your business.

Main Services

We can identify a local national as a local sponsor or service agent, assist with bank account opening, help to arrange visas and complete the registration procedure and obtain your professional licence.

Company Formation Specialists

Our in house company formation team work quickly, are cost effective and offer an excellent service.

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Sponsors

Where possible we work with exclusive sponsors whose power of attorney is available in the UAE. Sponsor costs can vary from AED 15,000 to upwards of AED 1 million annually. More powerful sponsors with better connections tend to cost more. Depending what your budget is and what you would like to achieve our Company Formation Specialists will match a sponsor accordingly. If you already have a sponsor in place, we can work with your existing sponsor too.

Main Licence Types

Foreign Branch Office
This type of licence allows you to conduct the same activities as the parent company, local national involvement is that of a National Service Agent only.

Limited Liability Company
The most commonly used facility in the UAE, allows you to do both retail and distribution in the UAE, the company is 51% UAE local UAE national shareholder owned and foreign ownership is limited to 49%.

Professional
This is applicable when a company provides a service only, it is suitable for skilled and qualified professionals and gives 100% ownership.

Offshore Company/Representative Office
This gives 100% ownership but only international business is allowed.

Costs

The costs vary depending on your business activity, how many visas you require and the sponsor you require. Some costs are one off, some are annual and some are every 3 years. We will happily work on a quote for you.

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Formation Steps

Step 1

Complete our KYC form with the basic information needed so we can work on a quote, this allows us to understand what your company needs to achieve. Our Company Formation Specialist will prepare a quote for you.

Step 2

Discussion either at our Business Centre or over skype with our Company Formation Specialist

Step 3

Sign the quotation and pay the upfront fees

Step 4

The Company Formation Specialist drafts the relevant documents and facilitates the incorporation of the company with DED (Department of Economic Development – they are the statutory body that regulates and controls the licensing procedures for an entity in Dubai)

Step 5

Submission of documents and wait for approval

Step 6

Registration of labour card and immigration card so you can start recruiting staff