Importance of Document Attestation in Starting a New Business in the UAE
The UAE is one of the fastest-growing tax-havens and one of the best destinations for building a new business or expanding an existing one. The UAE is also very welcoming to foreigners, and it is easy to take your business there. However, like everything else, there are rules and regulations, but it is nothing complicated. There is no excessive red tape to deal with, and the procedures for setting up a business are laid down clearly. As long as you adhere to the requirements, you will be granted permission and a visa to start your business enterprise in the UAE.
Among all the requirements, document attestation is one of the most essential to initiate immigration and other business-related processes in the UAE. We have curated information on document attestation that will help you understand the procedure better.
Understanding Document Attestation
Document attestation is a verification process to ascertain the veracity of the papers submitted to the various government departments in the UAE. Document attestation is a mandatory requirement for applying for a visa and starting a business in the UAE. The attestation process is clearly defined—the documents have to be attested by various government and administrative agencies where they originated. The UAE laws mandate documents attestation to safeguard the country’s interest.
- The attested document is a pre-screening process that corroborates the information mentioned in the applications.
- It is an identity verification that reduces the chances of fraud, forgery, and fake documents and prevents unlawful entry into the country.
- It establishes the legality of the business.
- It gives the UAE an insight into the person or persons applying for the permit.
The UAE does not process visa applications without the attested copies. Hence, submit all the documents asked for while applying for a visa or trade license.
The list of documents required for attestation depends on the type of visa application. However, for starting a business in the UAE, foreign nationals will have to submit the following attested documents:
Personal certificates include all those documents that verify identity. These documents carry an individual’s details, such as name, parent’s name, date of birth, nationality, marital status etc. So, what are these documents?
- Birth certificate
- Marriage certificate
- Divorce certificate
- Medical certificate indicating the individual does not suffer from infectious diseases, such as tuberculosis and HIV etc.
- A covid-19 vaccination certificate is the latest addition to the list of documents
Also read: How to Identify Fake UAE Attestation?
No matter where you are in the world, you need to submit specific documents to get approvals and licenses for starting a business. And it is no different for foreigners wanting to start a business venture in the UAE. You will need a trade license issued by the Department of Economic Development (DED), and for that, you are required to submit a set of documents.
Trade or business licenses are divided into three categories:
1. Commercial Trade License
Apply for a commercial trade license for the following businesses:
- Brokerage firms
- Car rental services
- Electronics trading
- Import and export
- Logistic firms
- Trading of building materials
2. Industrial License
Apply for an industrial license if your business deals in the following trade:
- Manufacturing food products
- Manufacturing furniture
- Metal casing
3. Professional License
Apply for a professional license if you are one of these firms:
- Auditing and accounting company
- Educational institute
- Information technology company
- Law firm
- Management and marketing consultancy
- Medicine related enterprise
You may also like to read: How to Get a Certificate Attested by the UAE embassy?
Processes Involved for a Business Trade License
- Identify a business partner, as it is mandatory for foreigners to have a UAE national as a partner in any business they start in the country.
- Create a Memorandum of Association (MOA) with the business partner.
- Put forward an application to the DED for approval of business and trade name.
- Select the premises for the business and create a tenancy contract.
- Present the application for trade license to DED, together with supporting documents.
List of documents required for DED approval for Commercial Registration
- Application form filled and signed by the company’s legal agent
- Original statutory documents of the company, along with photocopies
- DED approval for setting up of the business
- DED approval of company name
- Tenancy agreement
- Details of shareholders
- Passport copies of the shareholders
List of documents required for a Business Trade License
Below is a list of attested documents that are to be submitted with the application for a business trade license. However, this is not a comprehensive list:
- Agreements and Contracts
- Certificate of Good Standing
- Certificate of Incorporation
- Documents of Incorporation
- Memorandum and Articles of Association
- Minutes, Resolution, and Company Letters
- Power of Attorneys
- Product Lists and Specification
Importance of Document Attestation for Starting a New Business in the UAE
If you plan to set up a business in the UAE, you will need to get documents attested based on the UAE rules. Apart from getting approvals and licenses, you will need the attestation documents for things to go smoothly, for your new business.
Some reasons for document attestation for starting a new business in the UAE are:
- Creating distribution agreements
- Establishing a supply chain
- Forming a new branch in the UAE or an offshore company
- Opening a company bank account in the UAE
- Working in partnership with UAE companies
Astute attestation company in UAE provides attestation services for all kinds of documents like commercial, personal, educational, etc. You can contact us if you are looking for a reputed company for attestation services in UAE.