Investors want to know about the procedures for opening a company in Dubai because the recent opening of a company in Dubai has become one of the simplest activities compared to the past. The economic conditions in Dubai have completely changed since ever before. The Dubai Department of Economy works for entrepreneurs and business owners and helps them grow and expand their work. This aims to develop Dubai’s economy, which can bring many benefits to the entire country and boost the economy. The increase in companies increases job opportunities and commercial activity. This will increase the economy and rise in living standards, but starting a business in Dubai must create a company that will serve as the headquarters for this job, and the process of starting and starting a business is not one of the things that a person can do alone, but he needs more experience. It is preferable to use a specialized company. This is why our company is working on the procedures for opening a company in Dubai , both within and in free trade zones.

Procedures for opening a company in Dubai

Economy in Dubai

A country’s economy decides whether a country contributes to the success of its investment projects or not, because every country, when its economy is high, has many foreigners and visitors who help trade flourish, and Dubai’s economy has made it one of the most visited countries for investors. Its economy was previously dependent on trade until oil flourished and was discovered and the whole country relied on oil until it became one of the richest Arab countries and they all went there to build commercial projects and many other investment projects. Dubai’s economy has become one of the most important factors in the success of any investment, but it is necessary to start a business so that every investor can implement any project in Dubai. This is what helps our company to start business and complete all its documents to help its clients.

Costs of opening a company in Dubai

The cost factors of opening a company in Dubai include several key aspects that affect the total costs. Here are the most important factors that determine the cost of opening a company in Dubai:

1. Company type : The cost of establishing a limited liability company (LLC) differs from the cost of establishing a company in a free zone or a branch of a foreign company.
2. Place of incorporation : Costs vary depending on whether you are establishing the company in a free zone, a special economic zone, or in public areas. Free zones usually offer packages that include offices and other services.
3. Type of business activity : The cost of the license depends on the type of business activity you wish to engage in. Some activities require special permits that may increase costs.
4. Office space and location : Rental costs vary based on the size and location of the office. Offices in central areas may be more expensive than offices in less popular areas.
5. Number of employees and visas : The costs of work visas and accommodation for employees affect the budget. Each visa requires additional fees.
6. Government fees : These include government fees related to company registration, taxes, and business licensing.
7. Consulting Services : Legal and administrative consulting costs may vary. Some companies provide integrated services that include incorporation, licensing, and assistance in opening bank accounts.
8. Document preparation : The costs of preparing legal documents, such as lease agreements, deeds of incorporation, and notarization, may be part of the costs.
9. Bank Accounts : Opening a company bank account may require an initial deposit, and this can add to costs.
10. Training and development : You may need to invest in training employees or developing the company’s administrative system, which may increase costs.

Identifying these factors accurately helps in better estimating total costs. It is helpful to consult a local consultant or professional company to provide accurate estimates based on your specific needs.

Procedures for opening a company in Dubai

Opening a company in Dubai requires following several basic steps. Here are the main actions:

1. Determine the type of company : Choose the type of company you wish to establish, such as a limited liability company (LLC), a public joint stock company, or a branch of a foreign company.
2. Choosing a business : Determine the business activity that the company will undertake. The activity must be consistent with the activities permitted in the free zone or in public areas.
3. Choosing a company name : Choose a company name that complies with local regulations. The name must be unique and not used by other companies.
4. Obtaining initial approvals : You may need to obtain initial approval from the Department of Economic Development (DED) or the competent authority in the free zone, depending on the location of registration.
5. Preparing documents : Prepare all necessary documents, such as passports, copies of lease contracts, agreements, and incorporation deeds.
6. Signing the lease contract : Conclude a lease contract for an office or commercial place. In free zones, the free zone will offer you office rental services.
7. Submit a license application : Submit an application to obtain a commercial license from the Department of Economic Development or the Free Zone Administration.
8. Payment of fees : Pay the fees required to obtain the license and other certificates.
9. Receiving the license : After reviewing the documents and paying the fees, you will receive the business license that allows you to start your business.
10. Registration with government agencies : Register the company with the tax authorities, open a bank account for the company, and make any other necessary registrations.

Procedures vary based on the type and location of the company, so it is best to consult a legal advisor or a specialized company such as Atqan to ensure the correct steps are followed.

Establishing a company in the free zone in Dubai 

Establishing a company in a free zone in Dubai involves several main steps, and free zones in Dubai enjoy many advantages such as full ownership by foreigners and tax exemptions. Here are the basic steps for establishing a company in a free zone:

1. Choosing a free zone : Dubai contains several free zones such as Dubai Silicon Oasis, Dubai Airport Freezone (DAFZ), Jebel Ali Free Zone (JAFZA), and others. Choose the free zone that suits your business and requirements.
2. Determine the type of company : Determine the type of company you wish to establish (limited liability company, branch of a foreign company, sole proprietorship, etc.).
3. Choosing a Business : Determine the business activity your company will undertake. Make sure it is compatible with the activities permitted in the free zone.
4. Choosing a company name : Choose a unique name for your company that complies with the naming laws in the free zone.
5. Submit a request for initial approval : Submit a request to obtain initial approval from the free zone administration. You may need to provide documents such as a passport, documents proving address, and incorporation deeds.
6. Signing the lease contract : Conclude a lease contract for an office or commercial space in the free zone. Free zones often offer packages that include an office space and rent relief for large spaces.
7. Preparing documents : Prepare the required documents such as incorporation deeds, copies of passports, and a business plan.
8. Submit a license application : Submit an application for a commercial license from the free zone administration, where the license will be issued after reviewing the documents.
9. Payment of fees : Pay the fees required to obtain the license, office, and other services.
10. Receiving License : After final approval, you will receive the business license that allows you to start your operations.
11. Registration with other authorities : Register the company with other government agencies, such as tax authorities, if required.

Costs and procedures vary based on the free zone and type of business. It is beneficial to consult a consulting company such as Atqan to provide assistance at all stages of incorporation and ensure compliance with local requirements.

The best company for establishing companies and business services

A company for establishing companies and business services

Itqan Company is a company specialized in providing company establishment services in the free zone and the Emirates in general, while providing services to businessmen in Dubai. Its services include:

• Company Registration: Assistance in company registration procedures in various free zones and special economic zones.
  Document preparation: Providing support in preparing required legal documents, such as incorporation deeds, leases, and licenses.
• Legal advice: Providing legal advice related to local and international laws and regulations that affect business.
  Licensing procedures: Assistance in obtaining the necessary licenses to practice commercial activity.
• Commercial License: Help in obtaining a commercial license to practice commercial activity in Dubai.
  License renewal: Support in renewing licenses and renewing other necessary documents.
• Accounting services: Providing accounting services and preparing financial reports for companies.
  Human Resources Management: Support in managing human resources and providing recruitment services.
• Facilitating account opening: Helping companies open bank accounts in local and international banks.
• Work and residence visas: Support in procedures for obtaining work and residence visas for employees and investors.
• Investment Consulting: Providing advice on investment opportunities in Dubai and the Special Economic Zones.
  Itqan Company aims to facilitate the process of establishing a business in Dubai and provide integrated services to support the growth of companies.

In conclusion, the procedures for opening a company in Dubai are a delicate process that requires careful planning and following basic steps to ensure the success of the establishment. From choosing the right type of company and location to obtaining the necessary licenses, companies need to take into account all the factors affecting costs and procedures. Collaborating with specialized consultants such as Itqan Company can contribute significantly to simplifying this process, saving time and effort, and ensuring full compliance with local regulations. By investing time and resources into properly understanding and handling these steps, new businesses can get off to a strong start and grow in the dynamic business environment that Dubai has to offer.

Frequently asked questions about procedures for opening a company in Dubai