Religious License

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Procedure for Religious company formation

We have outlined the steps that you must perform to set up

  • Register your company with The Department of Economic Development (DED) in UAE
  • Appoint a local agent to handle the business registration process on your behalf.
  • Reserve the company name.
  • Legal translation of the documents
  • Obtain approval for your business activities and operation from DED.
  • Notarize the documents and draft articles and the Memorandum of Association (MOA) for the Religious Company in UAE
  • Submit documents and required information of your business shareholders and managers to DED.
  • Apply for a business trade license at Chamber of Commerce and Industry.

 

Documents required to obtain Religious  trade license.

  • Articles and the Memorandum of association for the subsidiary company in Dubai.
  • Application form of the Trade license.
  • A business name approval letter form DED.
  • Notarized passport copies of the shareholders and managers.
  • Clearance certificate from relevant government authorities.

Advantages of Religious trade license company formation

Legal independence

A Religious  trade license company in UAE is an independent legal entity from the parent company. This makes conducting business easier in the region.

Credibility to the business

It is easier to gage with important entities such as banks, service providers and business partners as a subsidiary company giving credibility to the business

Unrivaled access to a wider economy in a new location

 Setting up a s Religious  trade license company will help you in gaining an understanding whether your business has a niche in the new region.

Cost efficiency

Religious  trade license companies are incredibly cost effective as there is less tax liability due to small annual turnover and low overhead costs owing to its small size.

Religious trade license flexibility

You can obtain 100% ownership of the subsidiary company and issue bonds and shares to the public and obtain a quotation on a stock exchange.

Reduced administrative overhead

Since the Religious  trade license company has its own management manpower bookkeeping, auditing and other administrative tasks can be shared and completed efficiently.