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The factor that gives rise to the construction business in Dubai is increasing the number of foreign investors.
Entrepreneurs across the globe come to Dubai for business opportunities and to seek residency in Dubai. It leads to the increasing construction sectors that value the properties on this basis.
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When you look to start a construction business in the United Arab Emirates, decide either you form a Free Zone Company or a Mainland Company.
The formation of a Mainland Company needs you to have a local partner to own 51% of your company shares. Formation of the Free Zone Company grants complete ownership. You can understand the benefits and differences of these company formation types here.
It doesn’t matter what type of company you like to establish, take into account the UAE provisions of building law amended in 2013.
Our experts of Black Swan will assist you with the company registration process. This needs to prepare the application form, essential documents and file them to the Department of Economic Development (DED) in the United Arab Emirates.
Get a commercial license to give you official permission to start your company formation in Dubai. After receiving this license, you need a building permit that allows you to start the construction activities.
You may need consultants or engineers to apply for your building permit. Then the responsibility of the consultant is to evaluate the soil from the construction site and to determine their properties.
Other licenses can be the building license that is issued by a Free Zone Company or Dubai Municipality known as G+1 permit. The construction companies should get a civil work permit and an environmental license.
Once obtaining the above-mentioned license, the Construction Company of Dubai must acquire special approvals from the government authorities listed below.
For more information on ways to set up a Construction Company in UAE, feel free to contact the Blackswan business set-up team.
Originally posted 2021-09-29 01:37:07.