Recently, the amount of foreign investors looking to become a resident has gone up in Dubai UAE. This can be accomplished by investing in real estate. This growth has consequently increased construction projects growing up in different parts of the Emirates and Dubai in particular. It has also been observed that the value of these projects is sky-high. New businesses are coming up, but the most passionate and profitable one seems to be construction company formation in Dubai UAE. EXPO Dubai 2020 is a much-awaited event & this, in particular, has caused a dramatic rise in the number of construction projects in Dubai in recent times.
Dubai is one of the most profitable businesses in the long run. Besides the Dubai Expo 2020, the number of construction projects is growing month after month. Just in case you have been wondering about how the construction company formation in Dubai-UAE works. Our company’s incorporation agents can help you with the details & can provide information on the legal requirements.
How to Register a Construction Company in Dubai UAE?
If you are a foreign investor and looking to set up a construction company, the first thing that you need is a local partner. Otherwise, you can look to set up the company in the free zone where you are given the privilege of full ownership. The Building Law in Dubai was revised in the year 2013. Any investor that is seeing to set up a construction company must fully comply with the legal provisions of this law. Wheresoever the construction is to take place and approvals from the Dubai authorities for the same.
Formation of a construction company requires the relevant documents to be appropriately prepared & filed with the Department of Economic Development. This forms a part of the registration process.
Special Requirements for Construction Companies Setup in Dubai
A commercial license in Dubai is equivalent to a business permit for the formation of business here. Soon after this permit is obtained, it is necessary for the company to obtain the building permit. The company has to hire specialists such as engineers and consultants to apply for the building permit. Only after the permit is obtained can the company start its building activities. The consultant is given the responsibility of soil evaluation and determining its properties at the proposed site of construction.
Other licenses that construction companies must apply for & get are those concerning the environment & civil work. The G+1 permit is the building permit issued either by the Dubai Municipality or the authorities at the free zone.
Special approvals for Construction Company Registration in Dubai from the Dubai Authorities
Some compulsory approvals are required once the special licenses are obtained. Approvals need to be taken from the following bodies: Dubai Electricity & Water Authority, Irrigation & Drainage Department, Building department, & the Civil Defence Authority of Dubai.
In case you would like to get complete information about how to set up a Construction Company in Dubai UAE. Please feel free to contact our business setup experts in Dubai for assistance.