Dubai is one of the most important economic centers in the world, as it provides an ideal environment for business and investments by encouraging local and international companies to establish and develop their activities in various sectors. Among the distinguished services available in Dubai is the service of establishing a company in Dubai, which is provided by specialized companies such as Itqan.

Establishing a company in Dubai is considered a very strategic and important step, as investors can benefit from the many advantages and opportunities offered by this vital city. One of the most prominent benefits is the favorable legal and tax environment, as companies enjoy great flexibility in managing their activities and achieving success in a global competitive environment.

Itqan Company is considered an ideal choice for investors who want to establish a company in Dubai , as the company provides integrated services that include legal, financial and administrative consulting, which makes it easier for clients to achieve their goals with high efficiency and professionalism.

Through this article, we will take an overview of the process of establishing companies in Dubai and Itqan’s role in facilitating this process and providing the necessary support to investors to achieve sustainable success in Dubai’s dynamic business market.

Company establishment service in Dubai

Company establishment service in Dubai

If you are looking for a company establishment service in Dubai, you can seek help from law firms and legal consultations specialized in establishing companies. These offices provide comprehensive services including:

1. Legal advice: Legal lawyers can provide advice on the appropriate types of companies, the required legal conditions, and the steps necessary to establish the company.
2. Preparing documents: Lawyers prepare all the documents necessary to establish the company, such as contracts, certificates, and licenses.
3. Submitting applications: Lawyers are responsible for submitting all applications and documents to the competent authorities in Dubai to obtain the necessary licenses and permits.
4. Assistance with banking operations: They help you open a bank account in the name of the company and secure everything related to financial operations.
5. Company registration: After completing all steps and documents, the company is registered in the commercial registry and final permits are obtained.
6. Follow up on legal procedures: Lawyers follow all necessary legal procedures during the company establishment process and ensure compliance with all legal controls and laws.

Establishing a company in Dubai

Establishing a company in Dubai is considered a strategic and important step towards entering the world of entrepreneurship and exploiting the economic opportunities available in the Emirate of Dubai. Dubai has a dynamic and modern business environment that provides many opportunities for both local and international investors. Dubai is distinguished by its encouragement of innovation and leadership and the provision of advanced infrastructure that supports the growth of companies and facilitates commercial procedures.

When investors decide to establish a company in Dubai, they find many options available to them, including different types of companies such as a limited company, a sole proprietorship, or a free zone company. These types of companies offer different benefits based on the needs of the business and the nature of the business.

In addition, investors in Dubai enjoy significant government and institutional support that facilitates the process of establishing and operating companies smoothly. The UAE government offers a range of incentives and facilities to companies, including tax exemptions and facilities for obtaining licenses and permits.

In short, establishing a company in Dubai is a strategic step that provides the opportunity to benefit from the prosperous and competitive economic environment, and provides possibilities for growth and expansion in the local and global business market.

Basic steps to establish a company in Dubai

Establishing a company in Dubai represents an important step for investors seeking to build a successful business in the thriving emirate of Dubai. Dubai offers its advanced infrastructure and business environment suitable for new companies, making it an ideal destination for business and investment. Basic steps to establish a company in Dubai:

1. Study the market and prepare a practical plan: Before starting the establishment process, investors must study the local market and identify the expected opportunities and challenges. Next, a comprehensive business plan should be prepared that defines goals, strategies and expected costs.
2. Choosing the appropriate type of company: Investors must choose the appropriate type of company according to the planned business activity, whether it is a joint-stock company, a limited liability company, an individual company, or others.
3. Determine the location and trade name: Investors should determine the appropriate business location and look for a suitable and non-duplicate trade name.
4. Obtaining the necessary licenses and permits: Investors must obtain the necessary licenses and permits from the relevant government agencies, such as the Department of Economic Development in Dubai.
5. Submitting the required documents: Establishing a company requires submitting a set of required documents, such as passports and residency for shareholders and company certificates.
6. Establishing and officially registering the company: After meeting all requirements, an application to establish and officially register the company must be submitted to the relevant authorities.
7. Registration with tax and health insurance (if necessary): The incorporation process can require registration with tax authorities and health insurance, depending on the business activity and size.

Different types of companies that can be established in Dubai

In Dubai, several types of companies can be established, and these types vary according to the requirements of the law and regulatory bodies. Here are some common types of companies that can be established in Dubai:

• Sole Proprietorship: A company consisting of one person who owns all the assets and bears all the liabilities.
• Limited joint-stock company: It is a company in which shareholders can contribute a certain amount to the capital, and each shareholder’s liability is limited to the value of his contribution.
• Private Joint Stock Company: It is a company consisting of a group of shareholders who bear responsibility in proportion to their shares in the capital.
• Public Joint Stock Company: It is a company that brings together public shareholders, and its shares are tradable in the financial market.
• Personal Limited Company: It is a company consisting of specific partners, who are responsible for managing and operating the company.
• Real Estate Company: It is a company specialized in real estate investment, and owns and manages real estate and properties.
• Company in a free zone: It is a company established within one of the free zones in Dubai, and enjoys privileges such as the freedom for foreigners to own the company 100% and tax exemptions.
• Family business: A company owned and operated by family members, usually focused on preserving the legacy and achieving business sustainability.

Fees for establishing a company in Dubai

Company formation fees in Dubai are varied and vary based on several factors, including the type of company, its structure, and the services required. However, I can provide an overview of the possible fees that may be involved in the company formation process in Dubai:

1. Government Licensing Fees: Government licensing fees include application fees and processing fees to obtain the necessary business licenses and permits.
2. Company registration fees: These fees include company registration fees with the Dubai Department of Commerce and Industry, which changes depending on the type of company and the size of capital.
3. Legal consultants’ fees: If the company uses the services of legal consultants to prepare and document contracts, you may incur additional fees for them.
4. Other administrative services fees: Some other administrative services may require additional fees, such as attestation and documentation fees and official publication fees.
5. Banking and insurance fees: These fees may include the costs of opening a business bank account for the company and required insurance fees.

Documents required to establish a company in Dubai

To establish a company in Dubai, a set of necessary documents must be submitted to the relevant authorities. Here is a list of basic documents required:

1. Passport copy for shareholders and directors: A certified copy of the passport must be submitted to all shareholders and directors representing the company.
2. A copy of proof of residence: Shareholders and directors who have residency in the UAE need to submit a certified copy of their residency card.
3. workplan: A comprehensive business plan must be submitted that explains the company’s proposed activity, objectives and strategies.
4. Collective agreement (if there is one): If there are multiple shareholders in the company, a collective agreement that defines their rights and obligations may be required.
5. Authorization to establish the company: If there is a person who intends to act on behalf of shareholders in the incorporation process, an official authorization must be provided to do so.
6. Application form: The application form submitted by the competent government authority must be completed.
7. A copy of the letter certified by the bank: A letter certified by the bank must be submitted proving the shareholders’ ability to finance the capital required to establish the company.
8. Prior approval form (if necessary): In some cases, prior approval from government or regulatory agencies may be required.

Advantages of establishing a company in Dubai

Establishing a company in Dubai provides many opportunities and advantages, and among the positives that can be available when establishing a company in Dubai are:

• Strategic location: Dubai is located in the heart of the Middle East and is considered a major center for global trade, giving companies opportunities to access new markets and expand globally.
• Suitable business environment: Dubai has a vibrant business environment full of opportunities, with laws and regulations that encourage investment and facilitate doing business.
• Diversity of economic sectors: Dubai has a diverse range of economic sectors such as trade, hospitality, real estate, and technology, providing diverse opportunities for companies in various industries.
• Advanced infrastructure: Dubai has an advanced infrastructure that includes modern airports, sea ports, and advanced transportation networks, which facilitates transportation and distribution operations for companies.
• Political and economic stability: Dubai enjoys political and economic stability, which is an important factor for companies in terms of achieving growth and continuity.
• Encouraging government policies: The Dubai government adopts encouraging investment policies that include tax cuts and investment facilities, making it a preferred destination for entrepreneurship.
• Cultural Diversity: Dubai’s cultural diversity attracts a diverse group of clients and business partners from all over the world.
• Attractiveness to human talent: Dubai attracts distinguished human talents of various nationalities and specializations, which facilitates the process of recruiting qualified human cadres.

In concluding this article, we look to summarize the main and vital aspects of the company formation service in Dubai, focusing on the benefits and challenges that companies may face during this process.

First and foremost, Dubai is a major gateway for entrepreneurship and investment in the region, providing an ideal business environment while maintaining flexible legislation and a sustainable economic environment. Provides company establishment services in Dubai provide access to diverse global markets and wide-ranging investment opportunities.

A notable positive aspect of this service is the provision of legal and advisory support that helps overcome legal and administrative hurdles and ensure compliance with local legislation. Company formation services in Dubai also provide a smooth path for investors and entrepreneurs to achieve their business and financial goals.

However, some potential challenges must be taken into account such as the financial needs needed to start and actually operate the company, as well as competitiveness in the local and global business market. Providing distinguished and innovative services and developing effective marketing strategies are also challenges that must be faced wisely and sustainably.

In general, the service of establishing a company in Dubai represents an opportunity for investors and entrepreneurs to build successful and sustainable projects in an advanced and diverse business environment. Taking advantage of the services available comprehensively and investing wisely and with good planning are the key to achieving success and growth in the business world in Dubai.

The most frequently asked questions about establishing a company in Dubai