HomeBusiness setup - Dubai Department of Economy and Tourism - Readymix Concrete Trading

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Local Trading Company Setup (LLC)Readymix Concrete Trading

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Dubai Department of Economy and Tourism logo
JurisdictionDubai Department of Economy and Tourism
Service
Short description

This company can engage in the sale of concrete that is manufactured in a factory or batching plant, according to a set recipe, and then delivered to a work site, by mixers mounted on trucks.

About the company's activities
Types of activities

For setup of a local company in Dubai in the field of readymix concrete trading, the following business activity has been chosen:

  • Readymix Concrete Trading (4752029). Includes reselling the concrete is manufactured in a factory or batching plant, according to a set recipe, and then delivered to a work site, by mixers mounted on trucks.

The company can choose up to 10 types of business activities from the "Building materials trading" activity group within a single commercial license.

License Type

Commercial license that allows to сonduct trading activity.

Additional External Regulator Approvals

As part of the company registration process with this business activity, no additional approvals are required.

Share Capital Requirements

There is no requirement for a minimum share capital for local companies in Dubai with this business activity, its contribution is optional.
If the shareholder plans to obtain an investor visa, the shareholder's share in the share capital should be at least AED 48,000.

Company Name Requirements
  • Must not be identical or similar to local/global brands or registered trademarks
  • Must not contain the names of local/international religious, political or governmental organizations
  • Must not contain the names of Allah or God, or any other religious terminology
  • Must not violate the UAE laws or contain words that are obscene, indecent or generally offensive
  • May contain the name of a shareholder
  • Must correspond to the company’s business activities
Bank Account

Entrepreneurs are provided with the opportunity to open a corporate account in classic banks with physical branches, as well as in digital banks and in payment systems.

When choosing a bank to open a corporate account, factors such as the level of service, fees, available currencies, convenience of online banking, the reputation of the bank and other conditions that may be important for business should be taken into account.

Successful corporate bank account opening requires a well-prepared document package, which may vary depending on the specific requirements of a particular bank.  Incorrectly or incompletely submitted documents may negatively affect the final decision of the bank in processing the application for opening a corporate bank account.

About Jurisdiction
Name and Description
  • Title: Dubai Department of Economy and Tourism
  • Description:

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