If you are thinking of starting a new business in Dubai, Company formation in Dubai is an option for you. This emirate is quite popular as a holiday destination and home to many multinational companies. It's a place where businessmen go to relax, and the luxurious Burj al Arab hotel on the Jumeirah beach is a favourite with them. But they are not the only visitors in Dubai, millions of tourists every year come to this city to take in the stunning natural scenery and enjoy the various entertainment opportunities available there. If you are planning to start a new business in Dubai then company formation in Dubai is an option for you. The first step towards company formation in Dubai is to apply for an International Business Number or an IBN. An IBN is a 12-digit number that needs to be submitted on a legal document that can be translated into the English language from Arabic. This process takes about one to three months depending on the type of company registration you have decided upon. There are several different forms of company registration that can be obtained, these are the FIFO, Business and individual ownership. Company formation in Dubai is also possible through Corporate Service Company formation in Dubai. The different types of companies formation in Dubai include limited liability, nominee service, company limited by guarantee, partnership, limited company and a public limited company. If you are running your own business and need to incorporate a company, you need to follow the guidelines given by the Dubai government on company formation. In order to have a successful company formation, you need to follow the rules, regulations, requirements, payment of fees and other documentation carefully. Company formation in Dubai also requires that you pay a small fee to start-up the company. Company formation in Dubai is very simple with the help of corporate registration firms that offer an online formation quotation consultation service. These firms can be contacted online or over the phone to provide free advice on company formation, investment requirements, transfer of funds and other important information required to set up an international business. Through company formation in Dubai, foreigners can open a new company in a short period of time that can hold its first shares or dividends after a one-year waiting period. Company formation in Dubai also provides foreigners the option of investing via a self-direct investment plan. There are many benefits of company formation in Dubai, which includes the exemption on the payment of income taxes, paying personal taxes and customizations depending on the choice of the sponsor, right to operate the business uninterruptedly and the right to manage the business and assets. Another benefit is the requirement of a business visa, which is only needed if you are from the United Arab Emirates (Emirates), India, Pakistan, Sri Lanka and Singapore. If you have a business plan and an investment plan, you will need a license from the Dubai Financial Services Authority for trading in the stock market and exchange trading. If your business is not registered under the Companies Act, you will be required to register it under the Companies Name Registry, and also provide a certificate of registration. In order to save tax on the payment of salaries, employees and costs of running the business, all employees are usually paid through a performance bonus based on the salary amount. Company formation in Dubai can take two methods, the standard registration process and the limited liability option offered by the offshore vehicle. During the registration process, the individuals interested will fill up the form indicating the nature of their business and the purpose of registration. After the completion of the registration, the company gets a letter of appointment from the government that is valid for two years. On starting the business, the new company needs a certificate from the Dubai Ministry of Economic Affairs that proves that the business is registered and no bankruptcy claims have been lodged against it in the past three years. These are some of the legal formalities that have to be completed in order to start the company in Dubai. Once the company is registered, the next step is to get the registration seal from the Dubai Ministry of Economic Affairs, which is then submitted to the Companies House for publishing the record. By this time, the company formation in Dubai would be complete, and it's time for you to decide the structure of your company. There are many options to choose from and here are some of the important ones: Company Formation in Dubai, which has been tailor-made for the business owners; Companies Formation in Dubai, which has been tailor-made for the professionals; Company Formation in Dubai, which has been tailor-made for the individuals; Corporate formation in Dubai, which has been made easy; Registration of a Business through the Companies House, which is one of the simplest processes; Bank Accounts, including Dubai Companies Formation, which has been made easy; Company Formation in Dubai, which is complete with all the required licenses. These are the things that you need to know about in order to start the company in Dubai. All the requirements are done, but the ownership is not yet given to the company. When the ownership is given, the Companies House will send you the Registration Certificate, which is then processed by the Companies House. After this, you are now ready to start your business in Dubai!