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How to establish a company in Dubai

٠٥ يونيو How to establish a company in Dubai

How to establish a company in Dubai. Establishing a company in Dubai represents an important strategic opportunity for growth and success in one of the most attractive business markets in the world. Dubai provides a developed and distinguished investment environment, allowing investors to explore multiple opportunities in various fields. To make the most of these opportunities, it becomes necessary to follow precise and effective incorporation procedures. Collaborating with Itqan Company can be key to simplifying and facilitating this process. Itqan Company, thanks to its extensive experience and deep knowledge of the legal and administrative system in Dubai, provides comprehensive support to investors wishing to establish their companies. Through this cooperation, investors are able to obtain specialized professional advice, prepare the required documents, and deal with all aspects of incorporation efficiently.

The basic steps that should be followed include determining the appropriate type of company, how to establish a company in Dubai, preparing a detailed business plan, choosing the ideal location, and preparing all necessary legal documents. Itqan Company contributes to accelerating these steps by providing integrated support that helps achieve full compliance with legal requirements, which contributes to facilitating procedures and avoiding any complications that may hinder the establishment process. In cooperation with Itqan, investors can focus on developing their business strategies and achieving their goals without worrying about administrative and legal details. This collaboration also provides support in understanding the business environment in Dubai, enabling investors to make informed decisions in line with market trends and growth expectations.

How to establish a company in Dubai

How to establish a company in Dubai

Basic steps to establish a company in Dubai

Establishing a company in Dubai represents a strategic step towards entering one of the most vibrant and growing global markets. Dubai is an ideal environment for business thanks to its modern infrastructure, distinguished geographical location, and encouraging economic policies. For the establishment process to be successful and to ensure its compliance with all legal and administrative requirements, it is necessary to follow a set of basic steps. These steps include determining the appropriate type of company, preparing the necessary documents, and completing all legal procedures that ensure the smooth start of the business. In this context, we review the basic steps for establishing a company in Dubai, which helps investors understand the requirements and simplify the process to achieve the desired success.

  • Determine the type of company: The first step in the process of establishing a company in Dubai is to determine the type of company that suits the business objectives and commercial activity. Popular options include limited liability companies (LLC), joint stock companies, sole proprietorships, companies in free zones, and offshore companies.
  • Preparing a business plan: Preparing a detailed business plan helps define the company’s goals, strategies, and market analysis. This plan is essential to the success of the business and must be submitted as part of the required documentation during the registration process.
  • Choosing a location: You must choose the appropriate location for your company, which could be on the mainland of Dubai or in one of the free zones. The choice of location depends on the type of business activity and the special requirements of the company.
  • Preparing the required documents: Basic documents include passports of shareholders and directors, personal photos, proof of address, business plan, and office lease contract. Make sure to submit all documents accurately to avoid any delays in the process.
  • Submitting a registration application: Submit a registration application for the company with the Department of Economic Development in Dubai or the competent authority in the free zone. The application includes submitting all required documents and filling out the appropriate forms.
  • Obtaining licenses: Complete the procedures for obtaining the necessary licenses to operate the company. Licenses vary based on the type of activity and company, and may include commercial, industrial, or professional licensing.
  • Opening a bank account: Open a commercial bank account in the name of the company. The account will be necessary to manage financial transactions and provide the capital required for operation.
  • Obtaining visas: After registering the company, you can apply for work visas for investors and employees, depending on the company’s needs.
  • Registration with government agencies: Register the company with other government agencies such as the Federal Tax Authority, and ensure compliance with all local laws and regulations.

Documents required to establish a company in Dubai

Establishing a company in Dubai requires preparing a set of basic documents to ensure compliance with all legal and administrative requirements. Dubai, thanks to its strategic location and encouraging economic environment, is an ideal destination for ambitious investors. However, to ensure that the incorporation process runs smoothly and efficiently, it is necessary to submit the required documents accurately. These documents include information about shareholders and directors, details related to business activity, and necessary legal proofs. In this context, we review the basic documents you need to establish a company in Dubai, which helps you prepare all the necessary documents and avoid any delays in the establishment process.

  • Passports: Valid passports for investors and managers are essential documents required. Copies must be clear and certified if necessary.
  • Personal photographs: You will need to provide recent personal photographs of investors and managers, for registration and licensing purposes.
  • Proof of Address: Investors and managers must be provided with proof of address, such as utility bills or lease agreements, to ensure verification of residence.
  • Business Plan: A detailed business plan that includes a description of the business activity, market analysis, strategic objectives, and financial plan. This document is necessary to obtain approvals and submit it to the competent authorities.
  • Office lease contract: A lease contract for the company’s headquarters, proving the workplace. The office location must be identical to the address mentioned in other documents.
  • Certificate of no criminal record: A certificate from the local authorities confirming that investors and managers do not have any criminal record. May be required to ensure compliance with legal standards.
  • Company registration documents: Company registration documents include the Memorandum of Association, Articles of Association, and any other legal documents required by the Department of Economic Development or the competent authority in the free zone.
  • Licenses and Permits: Submit an application to obtain the necessary licenses, such as a commercial, industrial, or professional license, depending on the type of activity that the company will carry out.

Licenses required to establish a company in Dubai

Licenses required to establish a company in Dubai

Licenses required to establish a company in Dubai

Establishing a company in Dubai requires obtaining a set of basic licenses that are in line with the type of business activity and local laws. Dubai, as one of the most attractive economic destinations in the world, provides an encouraging and easy-to-interact business environment. However, to ensure that the company adheres to all legal requirements and ensures that the process runs smoothly, it is necessary to obtain the appropriate licenses. These licenses provide the legal framework that enables companies to operate effectively in the market, and licenses vary based on the type of company and business activity. In this context, we review the basic licenses required to establish a company in Dubai, which helps investors understand the requirements and simplify the incorporation process.

  • Commercial licenses: If a company intends to engage in commercial activities such as selling products or providing services, obtaining a commercial license is the essential step. This license allows the company to legally conduct business activities in Dubai.
  • Industrial licenses: For companies operating in the industrial or manufacturing fields, an industrial license must be obtained. This license covers activities related to the manufacture and transformation of materials, and usually requires details about the nature of the industrial process and location.
  • Professional Licenses: For businesses that provide consulting or professional services, such as law or accounting, a professional license is required. This license focuses on activities that require special skills and professional services.
  • Free zone licenses: If the company is going to establish a business in one of the free zones in Dubai, it will need to obtain a license from the authority supervising that zone. Licenses in free zones allow full ownership by foreigners and provide additional tax and business advantages.
  • Offshore licenses: For companies that intend to establish business in Dubai in an offshore manner, such as companies that do not conduct business activity within the Emirates but are managed from there, an offshore license is required. This license ensures the company’s compliance with local and international laws.
  • Special licenses: For some special activities such as education, healthcare, and finance, you may need special licenses that require additional approvals from the relevant regulatory bodies.

Our company’s role in establishing a company in Dubai

Establishing a company in Dubai represents an important step towards success in a dynamic and thriving market. Through cooperation with Itqan Company, this path becomes clearer and easier. Itqan Company, with its deep experience and specialized team, provides comprehensive support covering all aspects of the establishment process, from choosing the appropriate type of company until completing the legal and administrative procedures. With their support, investors are able to overcome the challenges associated with setting up a business and move smoothly to the next stage of their growth. Collaborating with Itqan helps simplify and facilitate the incorporation process, allowing investors to focus on developing their strategies and achieving their business goals without being distracted by bureaucratic details.

This cooperation provides a guarantee that all legal requirements are met, which reduces risks and enhances the chances of success. Thanks to the experience and professionalism provided by Itqan, investors can explore market opportunities with confidence and know that all aspects of incorporation have been completed efficiently and professionally. Dealing with Itqan Company is not only an acceleration of procedures, but it is also a reliable partner that enhances the success of the project and contributes to achieving the business vision effectively. Ultimately, the collaboration with Itqan proves to be a crucial investment in the success and expansion of businesses in Dubai, allowing investors to make the most of the opportunities available in this leading market.

Frequently asked questions about establishing a company in Dubai

What are the basic steps to establish a company in Dubai?

Establishing a company in Dubai requires several basic steps, including determining the appropriate type of company, preparing a business plan, choosing a location, submitting a registration application, completing legal procedures such as obtaining the required licenses, opening a bank account, and obtaining the necessary visas. A specialized company like Itqan can help you speed up and facilitate these steps.

What are the documents required to establish a company in Dubai?

Basic documents include passports of shareholders and directors, personal photographs, proof of address, a detailed business plan, office lease contract, certificates of no criminal record, and special permits or approvals depending on the type of activity. Be sure to review the required documentation based on the company type and location.

Do companies in Dubai need a local partner?

Yes, in most cases, companies incorporated on the mainland need a local partner who owns 51% of the shares, while the foreign investor owns 49%. However, companies established in free zones or offshore companies do not need a local partner.

What licenses are required to establish a company in Dubai?

The required licenses vary according to the type of activity and company. Common licenses include: commercial license, industrial license, and professional license. You must apply for the appropriate license from the Department of Economic Development or the competent authorities in the free zones.

What are the free zones in which companies can be established?

There are many free zones in Dubai such as Jebel Ali District, Dubai Silicon Oasis, Dubai Media City, and Dubai International Financial Centre. Each free zone offers different benefits such as tax exemptions and full ownership of the company.

How long does it take to establish a company in Dubai?

The time required to establish a company in Dubai depends on the type of company and the procedures followed. In general, the process can take from several weeks to two months, which also depends on the speed of submission of documents and completion of procedures.

What are the costs of establishing a company in Dubai?

Company formation costs vary based on company type, location, and licensing requirements. Costs include government fees, office rent, costs for legal services, and other accommodations such as insurance and staff.