Establishing a company in Dubai represents a great opportunity for ambitious Iraqis seeking to explore investment opportunities and build successful projects in a distinguished business environment. The Emirate of Dubai is characterized by several factors that make it an ideal destination for establishing companies and achieving success in the business world. Survey with us on the advantages of establishing a company in Dubai for Iraqis and the steps for establishing a company in Dubai for Iraqis.

First and foremost, Dubai has an inspiring and advanced business environment that enhances innovation and leadership in various economic sectors. The emirate provides the necessary support for businessmen to achieve their goals and achieve sustainable growth for their companies.

Secondly, Dubai has advanced infrastructure and distinguished facilities, which makes it easier for companies to operate, communicate and expand in local and global markets. This infrastructure includes advanced communications, modern airports, and advanced logistics facilities.

Third, establishing companies in Dubai gives Iraqis access to a broad international labor market, which enhances the opportunities for cooperation with international companies, expanding the scope of work, and achieving success at the international level.

In addition, Dubai provides a flexible and transparent legal environment, which enhances the ease of conducting business and reduces legislative obstacles that companies may face in some other places.

With these and other factors, Iraqis can achieve many advantages and benefits when establishing a company in Dubai , making it an ideal choice for those wishing to build successful and sustainable projects in the business world.

Advantages of establishing a company in Dubai for Iraqis

Advantages of establishing a company in Dubai for Iraqis

Establishing a company in Dubai for Iraqis has several advantages, including:

• Advanced business environment: Dubai is considered one of the most prominent economic and commercial centers in the world, and enjoys an advanced and innovative business environment. It provides many commercial and investment opportunities in various sectors, which facilitates the growth and expansion of companies.
• Distinctive strategic location: Dubai occupies an excellent strategic location between East and West, and is a gateway for trade and investment between the Middle East and the world. Dubai provides easy access to many global markets.
• Economic and political stability: Dubai enjoys economic and political stability, which enhances confidence and attracts investors. It is characterized by a developed and effective legal system and commercial laws.
• Advanced Infrastructure: Dubai has a modern and advanced infrastructure, including airports, ports, roads and communications, which facilitates transportation, distribution and international trade.
• Multiculturalism: Dubai is a multicultural and multinational city, providing an open and diverse business environment. Companies can benefit from this multiculturalism in terms of recruitment and international cooperation.
• Tax Freedom Ports: Investors in Dubai enjoy the benefits of tax freedom, as Dubai does not impose taxes on personal and corporate income in most economic sectors.
• Government support: The government in Dubai provides many supports and facilities to investors and businessmen, including financing programs, government assistance, and advisory services.

Steps to establish a company in Dubai for Iraqis

Here are the steps for establishing a company in Dubai for Iraqis:

1. Market study and strategic planning: Conduct a study of the market in Dubai and identify potential opportunities and challenges. Then, create a strategic business plan that defines your goals and how to achieve them.
2. Choose the legal type of company: Choose the appropriate legal structure for your business, whether it is a sole proprietorship, limited liability company (LLC), or joint stock company.
3. Choosing and registering a company name: Choose a unique and appropriate name for your company and ensure that it complies with Dubai company registration laws. Then, register the company’s trade name.
4. Determine responsibilities and contributions: Identify the people responsible for managing and operating the company, in addition to determining financial contributions and shareholder rights.
5. Determine the legal and office address: Determine a legal address for the company in Dubai and ensure that it complies with the registration requirements. You should also secure a corporate office, whether it is a co-working space or a private office.
6. Gather the required documents: Gather the documents required to establish the company, which may include the founders’ passport, personal photos, proof of address, partners’ agreement (if there is one), and others.
7. Submitting an application for registration and obtaining licenses: Submit an application to register the company with the relevant government agencies in Dubai, such as the Department of Economic Development. After approval, you will obtain the necessary licenses to start working.
8. Open a bank account for the company: Open a bank account for the company in one of the local banks in Dubai, to manage financial matters and commercial transactions.
9. Registration with other government bodies (if necessary): Depending on the company’s activity, you may need to register with other government bodies such as the Tax Authority and appropriate disciplinary bodies.
10. Starting a Business: After completing all the necessary procedures and collections, you can start the business of your company in Dubai and start achieving the set goals.

Conditions for establishing a company in Dubai

Conditions for establishing companies in Dubai vary depending on the type of company and its planned activity. However, there are some general conditions that may apply, including:

• Local Partnership: In some cases, the conditions for establishing a company in Dubai may require that there be a local partner (Emirati citizen) who owns a certain percentage of ownership interest in the company, especially in some specific sectors.
• Investment capital: Some types of companies may need specific investment capital to establish and register in Dubai, and the amount required varies depending on the type of company.
• Activity licenses: The company must adhere to the requirements for obtaining the necessary licenses to practice the planned commercial activity, and these licenses may vary depending on the type of activity.
• Necessary documents: All required documents including partner deeds, articles of incorporation, registration application form, and other required documents must be submitted to the local authorities.
• Compliance with Laws and Regulations: The company must comply with all applicable government laws and regulations in Dubai and the United Arab Emirates.

Types of companies in Dubai

Here is a table showing the common types of companies in Dubai:

These are some of the common types of companies in Dubai, the laws and regulations regarding these types of companies vary and are subject to change.

The cost of establishing a company in Dubai for Iraqis

The cost of setting up a company in Dubai for Iraqis varies based on several factors, including the type of company, the size of the planned business, and the services required. However, here is a general estimate of some of the costs that may be involved in the company formation process:

1. Company registration fees: These fees include the cost of submitting an application to register the company and obtaining a certificate of incorporation and other legal documents.
2. Venture Capital: Some types of companies may require a certain investment capital to be established and registered in Dubai.
3. License fees: These fees relate to obtaining the necessary licenses to practice commercial activity, and may vary depending on the type of company and activity.
4. Legal Consultation Fees: There can be costs for legal consultation to ensure compliance with all local laws and regulations.
5. Administrative services fees: These fees may include the cost of using the services of companies specialized in the field of company establishment and business management.
6. Value Added Tax (VAT): There may be a Value Added Tax (VAT) applicable to some services provided by specialist businesses.
7. Housing and living costs: You should also take into account the housing and living costs of employees and shareholders who may need to live in Dubai.

Basic documents for establishing a company in Dubai for Iraqis

The basic documents you may need to establish a company in Dubai for Iraqis vary slightly depending on the type of company, its legal structure, and its planned activity. However, here is a general list of documents that may be necessary:

1. Memorandum of Association: It is a document that specifies the basic structure of the company, information about shareholders, their percentage of ownership, and its proposed activities.
2. Articles of Association: The contract specifies the terms and conditions governing the company’s work, including rights, obligations, financial and administrative procedures.
3. Registration application form: contains personal information about the founders, details of the proposed company, and the business activities planned to be carried out.
4. Board of Directors Resolution: If there are directors appointed for the company, they may be required to have official documents proving their appointment.
5. Certificate of Good Conduct: The founders must submit certificates of good conduct from the competent authorities in Iraq.
6. Copy of passports: Copies of passports must be submitted for all founders and major shareholders.
7. Leases or real estate contracts: If the company plans to rent office or commercial space in Dubai, it may need to submit leases as part of the incorporation process.

Itqan Company services for establishing a company in Dubai

Itqan Company is a consulting company specializing in establishing companies and providing legal and advisory services to companies in Dubai and the United Arab Emirates in general. The company offers a range of services to help entrepreneurs establish and operate their companies successfully. These services include, but are not limited to:

• Company Establishment: Providing comprehensive services for establishing various types of companies, including local companies, free zones, national and international companies.
• Providing legal advice: Providing customized legal advice to guide clients in the legal aspects related to the establishment and operation of companies, including contracts, agreements and legal regulations.
• Arranging licenses and permits: Assisting clients in obtaining all necessary licenses and permits from the relevant government agencies to start a business.
• Logistics and hosting services: Providing logistics and hosting services, including providing offices and co-working spaces in central locations in Dubai.
• Tax Accounting and Auditing: Providing tax accounting and auditing services to assist clients in complying with financial and tax requirements.
• Business Development and Management Consulting: Providing business development and management consulting to help improve performance and achieve sustainable success.
• Public relations and marketing services: Providing public relations and marketing services to enhance the corporate brand and increase brand awareness.
• Providing comprehensive advisory support: Providing comprehensive advisory support to assist clients in all aspects of business management and achieving success.

Ultimately, setting up a company in Dubai is an exciting and rewarding option for ambitious Iraqis seeking to build a successful and sustainable business in the UAE. This option allows them to benefit from the advanced business environment and promising investment climate that Dubai enjoys.

Dubai is distinguished by its advanced infrastructure and distinguished financial and legal services, which facilitates the procedures for Iraqis to establish a company in Dubai and operate it efficiently and effectively. Dubai also provides countless opportunities for expansion into local, regional and global markets, which helps them build competitive international companies.

In addition, Dubai fosters a climate of innovation and leadership, giving Iraqis the opportunity to develop their ideas and turn them into successful projects. Dubai also provides a multicultural and multinational environment, which enhances cooperation and strategic partnerships with companies and investors from around the world.

Relying on good planning and professional advice, Iraqis can achieve success and prosperity in the business world in Dubai. It is a unique opportunity to benefit from the investment opportunities and competitive advantages that Dubai provides as one of the most prominent economic and commercial centers in the world.

The most important frequently asked questions about establishing a company in Dubai for Iraqis