Opening a company in the Emirates requires compliance with a number of conditions and legal procedures specified by the relevant authorities in each emirate. These conditions vary depending on the type of company and the economic sector in which the company operates. In this article, we will review some of the conditions for opening a company in the Emirates, including obtaining the necessary business licenses, providing the necessary capital, hiring Emirati citizens, and others. We will also provide advice on how to plan and prepare to open a successful company in the UAE, in addition to explaining the benefits that investors can benefit from when opening a company in this dynamic and developing country.
Opening a company in the United Arab Emirates is considered a strategic and important investment step. To ensure compliance with the required legal and administrative conditions, Itqan Company can be used as a reliable consulting partner. Itqan has extensive experience in the field of opening companies in the Emirates and providing specialized legal and financial services. In this comprehensive article, we will discuss the conditions for opening a company in the UAE, starting with choosing the appropriate legal type of company, obtaining the necessary licenses and permits, and meeting other financial and legal requirements. We will also highlight the role of Itqan in providing support and professional advice to investors who wish to open their company in the UAE, as Itqan will help them carry out all procedures in a consistent and efficient manner. This article will be a comprehensive guide for business owners seeking to understand the conditions and requirements for opening a company in the Emirates, and cooperation with Itqan Company will be a guarantee that all necessary conditions are met and the process is reliably facilitated in accordance with local legislation.
جدول المحتوى
ToggleConditions for opening a company in the Emirates
To open a company in the Emirates, there are some conditions for opening a company in the Emirates and procedures that must be followed. Please note that conditions and procedures may vary slightly between different emirates, so it is best to check the exact requirements of the emirate in which you wish to open the company. Below is an overview of the general conditions for opening a company in the UAE:
- Type of company: You must specify the type of company you wish to establish, whether it is a sole proprietorship (a company belonging to one person) or a partnership company (a joint venture between partners). The company can be a local company, a company wholly foreign-owned, or a joint company between citizens and foreigners.
- Company name: You must specify the company name and ensure that it does not conflict with any company names already existing in the emirate.
- Commercial License: You need to obtain a commercial license from the competent government authority in the emirate. This requires submitting the required documents and paying the prescribed fees.
- Minimum financial contribution: There may be requirements regarding the minimum financial contribution to establish the company, and these requirements vary depending on the type of company and economic activity.
- Local Partner (Partnership Firms): If you are planning to open a partnership firm in the UAE, there may be a requirement to have a local partner who owns a confirmed percentage of the company. This percentage varies according to economic activity and the emirate.
- Agency office: You need to provide an agency office in the emirate, and this office can be a virtual office or a physical office, depending on the activity and the company’s requirements.
- Legal Requirements and Local Laws: You must comply with all legal requirements and local regulations regarding trade, labor, taxes, employment, etc. You must submit the required documents and adhere to legal procedures.
Types of companies I can open in the UAE
In the UAE, you can open several types of companies based on your needs and the type of business you want to engage in. Among the common types of companies that can be opened in the UAE include:
- Sole proprietorship (sole traders): An individual can open a business company in his personal name. The owner is solely responsible for the company and there is no separation between his personal property and the company’s property.
- Limited Liability Company (LLC): The Limited Liability Company is one of the most common types of companies in the Emirates, where responsibility is divided between the shareholders and the company, and this type of company usually requires the presence of a local partner.
- Joint Stock Company (PJSC): A joint stock company is characterized by the fact that the capital is divided into shares that can be sold to the public, and is managed according to the rules specified in the law.
- Free companies in free zones and industrial zones: Free and industrial zones in the Emirates provide an improved environment for business, and allow the establishment of free zone companies that benefit from special advantages such as full foreign ownership and no taxes on profits.
- Foreign company in the private sector: The UAE enables foreign companies to open their branches or foreign offices in the Emirates, and they can work in the private sector under special licenses.
Creating an online company for foreigners
Here are a set of ways that will help you create your own online company regardless of your nationality:
Through “Bashir” services
Investors can establish a company and obtain a commercial license in Dubai in just 15 minutes in the United Arab Emirates through the “Begin Your Business” portal, which is an integrated electronic platform integrated with local and federal government departments and agencies concerned with licensing economic activities. This portal allows a quick, easy and secure procedure, eliminating the need to visit any government agency. “Basher” services include the following:
- Commercial license
- Chamber of Commerce membership number
- Establishment card from the Federal Authority for Identity and Citizenship
- Establishment number from the Ministry of Human Resources and Emiratisation
- 3 work permits from the Ministry of Human Resources and Emiratisation
- Renewal of commercial licenses for more than 1,200 economic activities
To benefit from company establishment services via the “Basher” platform, follow the following steps:
First: When submitting the application, the investor must have the following:
- An effective Emirati identity
- An effective digital ID account
- An effective digital signature in the digital identity account (for limited liability companies)
Second: To speed up the registration process, ensure that the following information is available before submitting the application:
- Company information (for limited liability companies)
- Partners information (for limited liability companies)
- Partner ID number and address (for limited liability companies)
- Economic name
Third: Submitting the required documents
During the application stage for the service, no documents are required to be submitted, but after the issuance of the commercial license and other documents, the investor will be given a period of time to provide some of the required documents, which are:
- One year to provide the lease contract to the Department of Economic Development in the relevant emirate in which the facility was opened, and
60 days for the non-national partner to do the following: - Change his residency type to investor residency
- Submit a copy of a valid no-objection certificate to the Federal Authority for Identity and Citizenship if he is a government sector employee or a housewife.
Documents required to open a company in the UAE
The documents required to open a company in the UAE vary slightly depending on the type of company and where it is established. However, there is a general list of documents that are usually required:
- Company incorporation application form: filled out with information about the company, shareholders, and proposed activities.
- Copy of passport of founders and directors: Certified copies of passports of all founders and directors must be submitted.
- Personal photos: Personal photos of founders and directors are usually required.
- A copy of the local law approval: Some commercial activities require obtaining approval from the competent government authorities.
- Articles of Incorporation: Incorporation usually requires articles of incorporation to be signed by the founders.
- Real estate deeds: In the case of renting a place to conduct a commercial activity, it may be necessary to submit real estate deeds or lease contracts.
- Bank letters: Bank letters must be submitted proving the existence of the basic capital of the company.
- Legal authorization: If there is a person representing the founders, legal authorization must be provided.
- Signature Form: It is signed by the founders and includes their signatures.
- A copy of the real estate map of the company’s chosen location: may be required in some cases.
Permits required to open a company in the UAE
The process of opening a company in the UAE requires many permits and approvals that vary according to the type of company, its activity, and the emirate in which the company is located. However, here is a general list of common permits you may need when opening a company in the UAE:
- Commercial activity permit: An official permit must be obtained allowing the chosen commercial activity to be practiced. This permit varies according to the type of activity, whether commercial, industrial, or service.
- Municipality licensing and urban planning: Some commercial activities may require licenses from the local municipality and permits from the authorities responsible for urban planning.
- Health Permit: A health permit must be obtained for the company, especially if it includes activities related to food, health or beauty.
- Advertising and Commercial Licensing: If a company plans to use commercial advertising, it may require obtaining a license from the relevant authorities.
- Work permit: Work permits must be obtained for employees working in the company, whether they are Emirati citizens or foreigners.
- Building permit and engineering plans: If the activity requires the construction of buildings or facilities, a building permit may be required from the competent authorities.
The cost of opening a company in the UAE
The cost of opening a company in the UAE may vary significantly based on several factors, including the type of company, location, proposed business activity, amount of capital required, support services required, and others. However, a general estimate of the costs of opening a company in the UAE can be provided:
- Registration fees: These fees include the fees required to register the company with the relevant authorities in the emirate, and the size of these fees varies according to the type of company and its activity.
- Consulting and legal fees: You may need specialized advice or legal services to assist in the company establishment process, and this may include consulting and legal fees.
- Commercial Registry and Government Licenses Fees: There can be fees associated with obtaining government licenses and permits such as business license, municipal permit, etc.
- Support services fees: You may need to use support services such as interior design, brand design, website development, etc., and this may incur additional fees.
- Required capital: The capital requirements needed to open a company vary based on the type of company and its activity, and are estimated according to local laws and regulations.
Investing in Dubai
Investing in Dubai is an attractive option for many investors due to the many opportunities and advantages that this global city offers. Dubai is characterized by advanced infrastructure, an encouraging business environment, and a distinctive strategic location that makes it a center for trade and investment in the Middle East. Dubai also provides encouraging government policies, clear laws, and advanced technology, making it a preferred destination for investment in a variety of sectors such as real estate, hospitality, technology, trade, and tourism. In addition, Dubai has a diverse cultural environment and multicultural society, making it an ideal place to invest and live.
Advantages of establishing a company in Dubai for foreigners
Establishing a company in Dubai for foreigners is considered a strategic investment step due to the dynamic economic environment and competitive advantages provided by the Emirate of Dubai. Dubai is characterized by advanced infrastructure, encouraging economic policies, and a distinguished geographical location that makes it a vital investment center in the Middle East. In this introduction, we will explore the procedures for setting up a company in Dubai for foreigners and the benefits they can gain from the process.
- Strategic location: Dubai is considered a gateway for trade and investment in the Middle East, which means easy access to the markets of the Middle East, North Africa and Asia.
- Advanced Infrastructure: Dubai has a modern and advanced infrastructure, providing an ideal environment for business and investment.
- Encouraging economic laws: Dubai provides a legislative and economic environment that encourages business, with regulatory laws that protect the rights of investors.
- Cultural diversity: The diversity of cultures and nationalities in Dubai is an advantage, as you can deal with diverse segments of customers and partners.
- Government Facilities: The Dubai government provides facilities to foreign companies in terms of licenses, taxes, and more, which makes establishing a company easy and convenient.
- Advanced financial infrastructure: Dubai has an advanced financial infrastructure that includes international banks and financial institutions, which facilitates financial dealings for companies.
- Logistics Facilities: Dubai provides advanced logistical facilities that include ports, airports and free zones, facilitating transportation and distribution for companies.
- Social and cultural life: Dubai provides a diverse living and cultural environment, full of cultural and entertainment activities and activities, making it an attractive place to live and work.
Ways to establish a company in Dubai for foreigners
Establishing a company in Dubai for foreigners is a possible and exciting process. Dubai’s business system provides ample opportunities for foreigners to invest and grow their businesses. Here is an overview of the ways to establish a company for foreigners in Dubai:
- National Company: Foreigners can establish a national company in Dubai in cooperation with a local partner (Emirati citizen) who owns a share of no less than 51% of the capital. The local partner shall be the remaining shareholder in the company.
- Free Zone: Free zones in Dubai are a popular choice for foreigners to establish their companies. In these areas, foreigners are allowed to own 100% of the capital without the need for a local partner. Free zones provide advanced infrastructure, business facilities, and simplified establishment procedures.
Limited Liability Company in Free Zones: Foreigners can also establish a Limited Liability Company (LLC) in free zones. This company requires a local partner of up to 51%, but an incorporation agreement is signed that specifies the financial and administrative rights and duties of the partners.
Public Joint Stock Company: Foreigners can establish a public joint stock company in Dubai, but this type of company requires approval from the Federal Authority for Financial Institutions and the General Authority for Economic Affairs.
It is important to note that there are legal and procedural requirements that you need to adhere to when setting up a company in Dubai. It is recommended to cooperate with a legal advisor or local company incorporation consulting office to ensure compliance with all applicable laws and regulations.
Conditions for establishing a company in the free zone
Establishing a company in the Dubai Free Zone requires compliance with some specific conditions and procedures. Although conditions may vary between different free zones, there are some general conditions that must be followed. Here are some common conditions for establishing a company in the Dubai Free Zone:
- You must select the type of company you wish to establish, such as a limited liability company (LLC), joint stock company or sole proprietorship, in accordance with the applicable legislation in the specific free zone.
- In some free zones, there may be a minimum capital required to establish a company, and this amount can vary depending on the type of company and the sector in which it operates.
- In some free zones, there may be a requirement for local shareholding in the company. This condition must be checked before incorporation, as the minimum local shareholding can be certain (e.g., 51%), according to the legislation of the free zone.
- You must obtain the necessary licenses and permits to conduct business activity in the free zone. These licenses may include a business permit, building permits (if you plan to build a business), occupational licenses, and others.
- You must prepare the contracts and agreements necessary to establish the company, and determine the legal and financial rights and duties of the partners.
- It is best to consult a local lawyer or legal expert for professional advice regarding the legal and procedural requirements for establishing your company in the free zone.
It is important that you check the specific conditions of the particular free zone in which you wish to set up your company, as the laws and regulations may vary slightly between different free zones in Dubai. Therefore, it is recommended to communicate directly with the relevant authorities in the free zone in which you wish to establish your company, or to seek the assistance of a specialized local legal advisor to obtain accurate information and guidance about the conditions specific to this free zone.
Conditions for opening a limited liability company
Opening a limited liability company is a popular choice for business in Dubai, as this type of company provides protection for shareholders’ personal assets. Shareholders in a company have liability limited to the size of their capital contributions, meaning they are not personally liable for the company’s debts beyond the value of their contributions. Establishing a limited liability company requires compliance with local laws and regulations, submitting required documents, paying prescribed fees, and determining the company structure and distribution of profits, which requires hard work and professional advice.
To open a Limited Liability Company (LLC) in Dubai, the following conditions must be complied with:
- Limited Liability Partners: You must have partners who own a share of the capital, profits and losses. The number of partners can be from one person to 50 partners.
- Minimum Capital: The minimum capital required to open the company must be determined. Financial requirements may vary depending on the type of business and location of the company.
- Company name: A unique name must be chosen that does not conflict with other companies located in Dubai. A legal advisor can help you choose and register a company name.
- Articles of Association: An Articles of Association must be prepared that specify the purposes, activities, shares of partners, operating provisions, distribution of profits, and other important details of the company.
- Commercial Office: A commercial office must be provided for the company in a suitable location in Dubai. Space can be rented in a business center, shared office or virtual office depending on the company’s needs.
- Activity licenses: The necessary licenses must be obtained to practice the company’s commercial activity. Licenses may vary depending on the activity, and the necessary approvals must be obtained from official authorities.
- Legal procedures: You must adhere to the legal procedures specified for establishing the company, including signing contracts, submitting the required documents, and registering with the relevant government agencies.
Conditions for opening a sole proprietorship
Opening a sole proprietorship is a popular option for individuals who want to start their business in Dubai. The sole proprietorship is considered one of the easiest types of companies to establish, as there is one owner who is solely responsible for managing the company and bearing its responsibility. A sole proprietorship is a good option for individuals who want to start their business on a limited budget, as this company does not require large capital. Establishing a sole proprietorship requires compliance with local laws and regulations, submitting the required documents, paying prescribed fees, and defining and registering the company’s activity, which requires good planning and good preparation to begin the company establishment process. Here are some general terms that may be relevant:
- Ownership: The sole owner of the company must be one person, and no other partners are allowed in the sole proprietorship.
- Nationality: There may be requirements regarding nationality, as a sole proprietorship may be limited to UAE nationals or require a national partner.
- Company activity: Company activity must be precisely defined and in line with local permits and licenses.
- Permits and licenses: An individual company may need to obtain permits or business licenses for its activity.
- Capital: There may be capital requirements required to open a company, which must be determined according to local laws.
- Headquarters: You must specify a main headquarters for the company, which can be the home of the person who owns the business.
- Commercial License: A valid commercial license appropriate to the individual company’s activity must be obtained.
- Legal Compliance: A sole proprietorship must comply with all local laws and regulations regarding the formation and operation of businesses.
Conditions for opening a contracting company
To open a contracting company in Dubai, you must adhere to a number of conditions and requirements set by local authorities. Here are some basic conditions:
- Professional License: A professional license must be obtained from the Dubai Business Regulatory Authority (DED), after submitting the required documents and paying the prescribed fees.
- Financial Responsibility: The company’s financial responsibility must be determined, and this can be done by determining and providing the capital necessary to start the business.
- Responsible Contractor: A person must be appointed who will be responsible for all financial and operational activities and decisions of the company.
- Insurance: The company must obtain insurance against potential risks to workers, equipment and property.
- Additional licenses: Some activities, such as construction and engineering, may require obtaining additional licenses from the competent authorities.
- Legal contracts: Legal contracts must be prepared to regulate the relationships between the company, customers, suppliers and contractors.
- Bank account: A bank account must be opened in the company’s name to manage financial operations.
- Compliance with Laws: The company must comply with all local and international laws and regulations relevant to its activities.
These are some of the basic conditions for opening a contracting company in Dubai, and the investor should review the full requirements and go to the competent authorities to obtain accurate and detailed information before starting the process of establishing the company.
Conditions for opening a shipping company
To open a shipping company in Dubai or anywhere else, there are usually some basic conditions that must be complied with. Here are some general terms that may be relevant:
- Licenses and Permits: You may need to obtain licenses and permits for shipping, land, sea and air transportation activity, and these permits can vary depending on the type of shipping you provide.
- Insurance: There may be requirements for appropriate insurance for shipments and the vehicles you use for shipping.
- Equipment and Vehicles: You must have the necessary equipment for shipping operations, including shipping vehicles.
- Labor: Appropriate and trained labor must be employed to manage and operate shipping operations.
- Storage: If you provide storage services for shipments, you may need adequate and properly equipped storage spaces.
- Headquarters: You should identify a corporate headquarters that can meet your business needs.
- Legal Compliance: You must comply with all local and international laws and regulations regarding shipping and transportation.
- Application and Approvals: You may need to submit applications and obtain the necessary approvals from the relevant authorities before starting work.
Opening a company in Dubai for foreigners
Opening a company in Dubai for foreigners requires compliance with some basic conditions. You must have a local UAE partner who owns a share of at least 51% of the capital in the case of limited liability companies. Foreigners can open limited liability companies in free zones such as Jebel Ali, where foreigners can own 100% of the company. The company must determine its activity, obtain the necessary licenses, and comply with local laws and regulations.
Determine the quality of the project or investment
Determining the type of project or investment is an essential step in the strategic planning process for any business. This requires careful study of the market, analysis of trends and opportunities, as well as an assessment of available capabilities and resources. By correctly defining the type of project, appropriate growth and expansion strategies can be determined, potential risks identified and plans to deal with them made.
Determine company ownership
Determining company ownership is an essential part of the company’s establishment process, as it greatly affects its organizational structure and the way it is managed. A company can be wholly owned by one person (sole proprietorship), it can be owned by a group of partners (partnership firm), or owned by shareholders who own equity shares (joint stock firm). Determining company ownership requires careful determination of the rights and obligations of each partner or shareholder, in addition to determining the ownership percentage of each individual or entity in the company.
Legal structure of the company
The legal structure of a company determines how it is organized and distributes its ownership, responsibilities, and rights. The legal structure usually includes information about the type of company such as a sole proprietorship or joint stock company, how profits and losses are distributed among partners or shareholders, and who is responsible for managing the company and making key decisions. The legal structure is determined based on local legislation and can affect the tax and legal liability of the company.
Choose a trade name
Choosing a company’s trade name is important and must be carefully considered, as this name reflects the company’s identity and helps identify and differentiate it in the market. The name should be easy to remember and pronounce, and reflect the nature of the company’s business activity. The name must be checked for availability and does not conflict with other previously registered company names. You should also make sure that the name does not contain any words that are prohibited or legally unacceptable. It is preferable to consult business affairs specialists to ensure that an appropriate and legal name is chosen for the company.
Determine the capital share
Determining the share of capital is the process of determining the value of the financial contribution made by each partner or shareholder in the company. Determining the equity stake depends on several factors, including the type of company, its proposed business activity, and the requirements of local law. Determining the capital share accurately and respecting local legislation contributes to avoiding potential problems in the future and enhances the confidence of partners and shareholders in the company.
Choosing a strategic location for the company
Choosing a strategic location for the company is a major factor that contributes to the success of the business. The site must be convenient to the company’s activity and accessible to customers, suppliers and employees alike. The location should be close to major markets and easily accessible by public or private transportation. The site must also be safe and have the necessary infrastructure such as communications, electricity and water. The location should be aligned with the overall business strategy and have the potential to support the company’s future growth.
Choosing the company’s work team
Choosing a professional and distinguished work team is considered crucial to the company’s success. Companies should look for individuals with experience and competence in the company’s field of work, who have good communication skills and the ability to work within a team effectively. It is also important that team members fit the company’s culture and values, and are committed and passionate about achieving the company’s goals. In addition, companies should provide continuous training to the work team to develop their skills and keep pace with developments in the company’s field of work.
Steps to open a corporate bank account
Opening a bank account to establish a company in the UAE is a basic and necessary step. It requires choosing the right bank that meets the company’s needs and is in line with the type of business activity and the volume of financial operations. Investors must provide the documents required to open the account, such as personal documents, company documents, and legal contracts. The account will be opened after the application is approved, and the company will be given its account number and a credit card to facilitate financial operations.
Providing all the documents required to open the bank account
To open a bank account for a company in Dubai, the following documents are usually required:
- A copy of the company’s memorandum of association and articles of association.
- A copy of the company’s commercial registration certificate.
- A copy of the company’s commercial license.
- A copy of the personal ID of shareholders and directors.
- A bank account form filled with the necessary information.
Requirements necessary to open a company bank account
To open a bank account for your company in Dubai, there are usually specific requirements that vary slightly between banks and may also vary based on the type of company and its activity. However, here is a list of general requirements you may need:
- Personal Documents: A copy of the passport or ID card of you and the other partners must be provided if the company is a partnership.
- Corporate documents: Company incorporation documents must be submitted, such as the articles of association, articles of association, activity licenses, registration certificate, and any other documents proving the company and its validity.
- Company address: Proof of the address of the company’s commercial office must be provided, and the lease contract, electricity bill, water bill, and other confirmed documents can be used for this purpose.
- Financial Information: You may be asked to provide financial information about your company, such as projected revenues, profits, and other financial sources.
- Directors and Commissioners Information: Information about the directors and commissioners of the company must be provided, and this may require copies of passports, CVs and information on work experience.
- Information about prospective customers and suppliers: You may be asked to provide information about your prospective customers and suppliers, including personal details and details of the prospective business relationship with them.
- Additional certificates and licenses: Some banks may require additional certificates or specific licenses depending on the company’s activity, such as building permits, medical profession licenses, etc.
Determine the type of bank
When deciding which type of bank you want to cooperate with to set up a company in the UAE, you must take into consideration several factors that suit your business needs and goals. Here are some tips that can help you decide:
- Reputation and Reliability: You should look for a bank with a good reputation and high reliability in the banking market in the UAE. Research and evaluate available banks and see user reviews and recommendations.
- Banking services: Determine the banking services you need for your company, such as current accounts, savings accounts, electronic services, credit facilities, financing, etc. Make sure the bank you choose offers these services in a way that suits your needs.
- Fees and Terms: Compare banking fees applied by different banks, including opening and maintenance fees, transfers and any other fees. Also compare terms and limits related to accounts and transactions.
- Customer Support and Service: Check the level of customer support and service provided by the bank. There should be a team available to help if there are any queries or problems.
- Banking network: Check the extent and quality of the bank’s banking network, meaning that it has branches and agents in the areas in which you wish to work. This can be important for conducting day-to-day transactions and managing company accounts.
- Compliance with laws and regulations: Check the bank’s banking compliance with UAE banking laws and regulations. The bank must be licensed and regulated by the relevant regulatory authorities.
- Financial and investment guidance: If you want investment or wealth management services, make sure the bank has guidance and experience in this field.
Reasons for opening a company in the Emirates
There are many reasons that push individuals and companies to open a company in the Emirates, and among these reasons are:
- Strategic location: The UAE is considered a strategic region linking the East and the West, making it an important center for business and trade.
- Advanced infrastructure: The UAE has an advanced infrastructure and excellent logistics services, which facilitates shipping and distribution operations for companies.
- Favorable commercial environment: The UAE provides a favorable and stable commercial environment, with a transparent and effective legal system that protects the rights of investors.
- Foreign investment facilities: The UAE offers great facilities to foreign investors, including flexible laws and no taxes on profits in most sectors.
- Skilled workforce: The UAE is characterized by a skilled and educated workforce, which helps to develop businesses efficiently and effectively.
- Modern investment climate: The UAE enjoys a modern investment climate that supports technological development and innovation in various sectors.
- Government support: The UAE government provides support and encouragement to companies and investors through a range of development programs and initiatives.
- Economic Diversity: The UAE has great economic diversity, which provides companies with broad opportunities for growth in various sectors.
In conclusion, it is clear that opening a company in the UAE requires adherence to a number of specific conditions and procedures required by local authorities. By understanding these conditions and preparing well, investors can access a favorable business environment and benefit from the investment opportunities available in the UAE. The UAE provides advanced infrastructure and flexible and respectful trade laws, making it an ideal destination for entrepreneurship and business development. By adhering to the specified conditions and working hard and smart, investors can build successful and sustainable projects in the UAE.
The most important frequently asked questions about opening a company in the Emirates
What types of companies can be opened in the UAE?
Various companies can be opened, such as sole proprietorships, limited liability companies, joint stock companies, and others.
What are the basic steps to open a company in the UAE?
The steps include submitting an incorporation application form to local authorities, defining the business activity, identifying partners, and paying the required fees.
What conditions are necessary for foreign partners?
UAE law may require the presence of a local partner in some cases, while the UAE allows the opening of companies with different ownership percentages for foreign partners in specific sectors.
What are the expected costs of opening a company in the UAE?
Costs vary depending on the type of company and business activity, and include incorporation fees, licensing fees, administrative fees, etc.
How long does it take to complete the process of opening a company?
This can vary depending on the type of company and procedures required, but usually takes several weeks to several months.
Is it possible to change the company’s activity after opening it?
Yes, the company’s activity can be changed after obtaining the necessary approvals from the local authorities and paying the required fees.