How to check company status in Dubai?
Business scams are everywhere but they are somewhat avoidable if you do due diligence before getting into any business opportunities. Foreign investors and entrepreneurs often have to collaborate with companies in Dubai to make the most of some investment opportunity or startup idea. But before you get involved in any business with a Dubai or UAE company, remember, precaution is better than cure. It means you need to verify a company before signing any contract or making an investment.
Prospr wants you to have the best return on your investment without becoming a victim of scam. Thereby, we are going to explain how to check company status in Dubai. It’s a must-have step for opening a new company in Dubai or a startup. You must know complete details of a company before you invest or collaborate.
Let’s find out:
How to verify a company in the UAE?
Here are some steps you need to take:
Step #1 Verify basic information
When you contact a company, they usually share some information with you such as LinkedIn Id, contact number, and physical address. Now the first step is to verify all this information.
Click on LinkedIn Id link and thoroughly check company pages and its employee’s page. Remember, top companies pay attention to their profiles. It means when you open their ID, you will get a sense of professionalism. When a profile seems unprofessional or incomplete (basic company information is missing), try not to consider such a company.
Call the official company phone number. This is another way you can verify a company in Dubai. You will call them and see whether your call gets a response or not. Try not to call during off days. Pick an official day and official time for calls, though. Also, when the company’s representative picks up your call, feel free to ask them basic questions. Again, the idea is to check how professional they sound.
Visit the physical location of the company. It’s one of the best ways to verify company details. Pay them a visit and check the overall environment. Don’t schedule this meeting, go there uninvited to see how they are doing.
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Step #2 Unofficial way to check status of a company
Here are some other ways to verify company details.
Use Google: You can search this company on Google, it’s official website must be indexed and ranked somewhere. You can use the word “Scam” alongside the company name and it’s how you find out if a company was ever involved in crime. People post stories about scam companies online and you can find details about the company through it.
Social Media: Another way to check how a company does its business in Dubai or whether they are scam or not is through social media. Check social media accounts and see the comments on their posts. If anything sounds fishy and when there are too many complaints, try to avoid such companies in Dubai.
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Step #4 Ask for trade license details
Every legitimate company in Dubai has a trade license. This license is not a confidential thing. It means you can ask them to provide you with a trade license detail or number. If a company is hesitant to provide any such detail, it’s a red flag that you shouldn’t ignore at any cost.
You can easily find out whether a company is registered in Dubai or not through a trade license. Be wary of some scammers who don’t mind providing you with the wrong license number. It means that once you have a license number, go ahead and verify it and check company status by yourself.
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Step #5 Verify trade license
After you have a license number, it’s time to verify it. Here is how you can do that:
If you want to verify company status registered in Free zones:
You need to contact the registry through email. Free zone also has a business registry office; you can visit those offices to check a company status in Dubai. Whether you send an email or visit a company, it will help you get all the required details about the company.
Another way to check status of a company is to request a Certificate of Good Standing from the local registration authority. This certificate is proof of the company’s reputation. It helps you understand whether this company pays all the fees and submits all the required reports to authorities or not. So, it’s how you can check the status of a company in Dubai and find out how a company does its business.
Free zones have official websites and you can check company directory of a relevant company. This directory provides a complete list of all licensed companies operating in the free zone.
Here are some company directory’s official link for checking:
Step #6 Check local UAE company status online
Once you have trade license information, you can find out whether a company is legitimate or not by searching their license number on the Department of Economic Development DED website of a relevant emirate.
- If you are looking for a company in Dubai, visit Dubai DED website and then search license information
- For Sharjah’s company verification, check Sharjah DED and search for license
- For Abu Dhabi’s company status check, you need to visit this official website for license checking.
In case you only have the company name and no other information, you need to check that company on the official website of National Economic Register.
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Wrap up
Finally, you understand how to check the company status in Dubai. If you find it hard to verify company registration or license number details, no worries. Prospr’s business experts are here to assist you in this matter.
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FAQs
What company details I can find on company`s trade license?
You can find following details about a company on its trade license:
- Company registered name
- Business activities
- License number
- Data of license issue
- Expiry date
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How to check if a company is registered with the Dubai Chamber of Commerce and Industry?
Visit the official website of Dubai Chamber of Commerce and then find details about the company through membership and commercial directory search tools.
Can I check company status with the Ministry of Economy in Dubai?
Yes, you can check company status through the Ministry. Visit the official website of the Ministry of Economy in Dubai and check company status. You can also use customer service.
Can I check a company’s financial statements in Dubai?
If you are interested to know about the financial condition of a company, you need to check financial statements. You can pay for checking the financial status of a company. It can be done through a company credit report or the Securities and Commodities Authority.
What to do if I suspect fraudulent activity by a company in Dubai?
If you suspect that a company is involved in fraudulent activity, you can immediately contact Dubai police.
How to confirm a company’s VAT registration in Dubai?
Visit the official website of Federal Tax Authority FTA and then check the VAT registration status of a company.
What is the procedure for verifying a company`s immigration file in Dubai?
Visit the official website of the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai and then ask for the company’s immigration file. You can also visit the office of GDRFA and get assistance from customer service.
Can I check a company’s compliance with labor laws in Dubai?
Yes, you can do that. For this purpose visit the official website of the Ministry of Human Resources and Emiratisation.
