Terms & Conditions

Individual Shareholder

  • Passport copy
  • Visit visa or resident visa copy (For resident visa holder, No Objection Certificate will be required from the employer/sponsor).
  • Emirates ID (for resident visa holder)
  • Options on Trade Name / Company Names (To check their availability)

NOTE: Additional documents may be required for any external approval from other government bodies depending on the business activity.

Employee / Labor Terms

  • The Labor Department must open the company’s labor file & issue labor computer card, only after which employees can be hired.
  • For the issuance of the labor file, the company to must have a PO BOX & get it updated on the business license.
  • For resident visa application & stamping, individuals under the company need to have medical insurance.
  • The labor computer card, new PO BOX number & updates, employment visa, medical & emirates ID will be at an additional cost as mentioned below:
    – Labor Computer Card: AED 3,900
    – New PO BOX: TBD
    – Update of PO BOX on license: AED 560
    – Employment Visa: AED 3,000 (refundable deposit) + AED 4,000 approx.
    – Medical & Emirates ID: AED 710 approx. (VIP service will be extra)

Shareholders / Sponsorship Terms

  • For sole establishments/ Civil Company, corporate shareholders are not allowed.
  • In case of more than one shareholder the company will be a Civil Partnership Company.
  • At the time of license renewal, sponsorship fees may increase in case the company holds more than 20 visas.
  • For each partner/ investor will be charge AED 500 as partner fee by Dubai Economic Department.
  • Additional notary fees will be applicable based on the share capital of the company.
  • Wave is not responsible for any delay due to process of Govt. approvals or due to the delay by clients to provide payments/necessary documents.
  • Wave is not responsible for any rejection from the Authorities.
  • Advance payments are not refundable.
  • Sponsorship fee payable at the time of signing MOA / LSA in court.
  • Wave is not responsible for any increase in the Govt. fees.

Obligatory Terms

  • Few business categories must have approval from designated government authorities. Additional government fee may be applicable.
  • To establish a company, share capital / minimum capital must be not less than AED 100,000 (only on papers – This amount is not required to be deposited neither shown in the bank account).
  • Leasing office space or a flexi desk is compulsory to obtain the business license from DED.
  • For consultancy licenses, the authorized company manager must have a mandatory certification with the American University. In case if the manager is unable to clear the examination for the certification, he / she will have to take up a course & reappear for the exam.
  • The cost for the examination & course will be additional as mentioned below:
    – Examination: AED 2,000 approx.
    – Course: AED 10,000 approx.

Nationality Terms

  • Certain nationalities may have to undergo security check for business license & visa formality.
  • The timeframe to complete the business setup process may increase for selected nationalities due to additional approvals or security check.


  • Investor Benefits
  • Investors have 100% ownership in the company.
  • Investor’s visa provides an upgraded status & family benefits.
  • Investor can solely monitor the business without any interference of the local Emirati sponsor.
  • Investor can benefit as the assets & capital will under the company name and not in the name of the Emirati Sponsor.

Banking Benefits

  • Sole investors can freely open a bank account for his / her company.
  • Investor has complete authority to operate the bank account.
  • The investors will not need the assistance of the local partner to make banking transactions.
  • The Emirati partner cannot open a bank account under the company as he will only be a “Local Service Agent” for the company.
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