Establishing a company in Dubai is a strategic and important step for ambitious Iraqis seeking to explore business and investment opportunities in the thriving emirate of Dubai. Dubai is characterized by a dynamic and inspiring business environment that attracts entrepreneurs from around the world.

Establishing a company in Dubai requires a deep understanding of the business environment and the procedures required to register companies in the emirate. One of the most important aspects to take into consideration is choosing the appropriate legal form of the company, whether it is a sole proprietorship, joint stock company or partnership, based on the nature of the planned business activity and investment requirements.

After that, Iraqis are required to obtain the necessary licenses and permits from government agencies in Dubai. These licenses include a business license, work permit, registration in the comprehensive commercial registry, and other necessary documents.

The importance of the advisory role in the process of establishing a company cannot be overlooked. Iraqis should obtain support and advice from lawyers and legal consultants to ensure that the correct procedures are followed and compliance with local and international legislation.

In short, establishing a company in Dubai for Iraqis requires careful study and deep knowledge of legal procedures and requirements. By adhering to strict laws and guidelines, Iraqis can build successful and sustainable companies in the leading business emirate of Dubai.

Establishing a company in Dubai for Iraqis

Establishing a company in Dubai for Iraqis

Establishing a company in Dubai is an attractive option for entrepreneurs from around the world, including Iraq. Dubai offers a favorable business environment thanks to its advanced infrastructure, attractive tax regime, and access to a global market. For Iraqi investors, establishing a company in Dubai can be a golden opportunity to benefit from great economic opportunities and rapid growth in various sectors. In this context, we will review the steps and procedures necessary to establish a company in Dubai for Iraqis. To establish a company in Dubai for Iraqis, the following procedures must be followed:

• Choose the company type: Select the type of company you want to establish in Dubai, such as a limited liability company (LLC), joint stock company, or sole proprietorship. The most appropriate type should be chosen based on your needs and the nature of the business.
• Company Name: Choose an appropriate company name that complies with Dubai laws and regulations. The name must be checked for availability and does not resemble any existing company.
• Commercial License: You may need to obtain a commercial license from the relevant regulatory authority in Dubai, which is the Department of Economic Development (DED). This requires submitting the required documents and paying the prescribed fees.
• Contracts and legal documents: Prepare the contracts and legal documents necessary to establish the company, such as the articles of association, articles of association, shareholding agreement (if necessary), and management appointment papers. Contribution
• With capital: You may need to transfer the capital required to establish the company to the company’s bank account. The required financial documents must be provided for this purpose.
• Obtaining a work permit: If you want to work for your own company in Dubai, you may need to obtain the necessary work permit. This requires cooperation with the competent authorities such as the Immigration, Passports and National Affairs Department.
• Commercial Registry: After completing the previous procedures, the company will be registered in the commercial registry of the Department of Economic Development. You will be able to obtain a certificate of incorporation proving the registration of the company.

Please note that you should check the current legal requirements and updated procedures in Dubai and consult with our experts to ensure full compliance and completion of all required paperwork. Detailed requirements and procedures may vary based on the type of company, business activity and local laws in Dubai.

Commercial licenses required to establish a company in Dubai

To establish a company in Dubai , you will need to obtain the necessary business licenses which can vary according to the type of business and where you plan to establish the company. Here are some common business licenses you may need:

1. General Trading License: Allows you to practice all types of commercial activity with the buying and selling of products wholesale and retail.
2. Specific Trade License: Allows you to engage in a specific trade activity, such as construction, engineering or retail trade.
3. Electronic Commerce License (E-Trading License): Allows you to engage in commercial activity over the Internet and market and sell products via electronic platforms.
4. Professional License: Allows you to provide professional services such as legal, medical, or engineering consultations.
5. Tourism & Travel License: Allows you to provide tourism and travel services such as booking hotels and organizing tourist trips.
6. Food & Restaurant License: Allows you to operate a restaurant or food store, while adhering to the required health and hygiene standards.
7. Construction License: Allows you to practice building and construction work such as construction and restoration.
8. Transport & Logistics License: Allows you to provide transportation, shipping, warehousing, and logistics services.
9. Industrial License: Allows you to manufacture products and operate factories and production units.

Costs of establishing a company in Dubai

The costs of setting up a company in Dubai can vary greatly based on several factors, including the type of company, business activity, geographic location, and services required. Here’s an overview of some of the basic costs you can expect when setting up a company in Dubai:

• Registration fees: Includes fees for company registration, activity permit, and necessary licenses. These fees may vary depending on the type of company and its location.
• Required capital: Some types of companies may require specifying the required basic capital, which can range from several thousand to hundreds of thousands of UAE dirhams.
• Rent and operation: The cost of renting an office or commercial space in Dubai is considered high, and varies according to location and size. In addition, there may be costs for human resources and public services.
• Legal and accounting advice: You may need to consult a lawyer or accountant to assist you in the company formation process and ensure compliance with all local laws and regulations.
• Advertising and Marketing: There can be advertising and marketing costs to attract customers and build awareness of the new brand.
• Insurance: You may need insurance for the company, employees, equipment and other property, and the cost of insurance depends on several factors such as the type of activity and size.
• Financial Reports: Periodic financial reports and tax reports must be prepared to meet accounting and tax obligations, and these processes may require hiring professional accountants or using external accounting services.
• Additional Licenses: You may need to obtain additional licenses depending on the type of business, such as health licenses or environmental permits.

Types of companies established in Dubai

The types of companies that can be established in Dubai vary depending on the business needs and goals of investors. Here are some common types of companies established in Dubai:

1. Limited Liability Company (LLC): LLC is one of the most common company types in Dubai. This structure provides protection for shareholders’ assets and limited liability. This company can be wholly owned by foreigners or locals can have a percentage of ownership in it.
2. Sole Proprietorship: A sole proprietorship is a business structure owned by only one person. The owner bears all liabilities and losses and is entitled to all profits.
3. Free Zone Company: Free Zones in Dubai allow the establishment of companies with different commercial legislation and regulations than those that apply to internal companies, providing flexibility, tax exemptions, and simple procedures for incorporation.
4. Public Joint Stock Company – PJSC: PJSC is one of the largest and most complex business structures. This company allows raising capital from the public by selling shares on the financial market.
5. Private Joint Stock Company: This corporate structure is similar to a public company, but is limited to a limited number of shareholders.
6. Private Shareholding Company: A private shareholding company is a business structure that consists of specific shareholders and issues shares to a limited number of people.
7. Limited Liability Partnership (LLP): An LLP is a corporate structure that provides limited liability to partners, while at the same time allowing them to participate in the management of the company.
8. Subsidiary Company: A subsidiary is a business structure that is owned and controlled by a parent company. This structure allows business expansion and presence in new areas.

Conditions for establishing a company in Dubai for Iraqis

Important papers to establish a company in Dubai

The important papers you need to establish a company in Dubai include:

1. Copy of passport for founders: Each of the founders needs to submit a copy of their passport.
2. Memorandum of Association: A legal document that defines the organizational structure of the company and the rights and obligations of the founders.
3. Incorporation application form: A document containing the company’s details, such as its name, activity, headquarters, and objectives.
4. Shareholder disclosure form: contains details of the company’s shareholders.
5. Lease Agreement: If the company will own an office or commercial space, incorporating the company requires submitting a lease agreement for the office.
6. Certificate of Incorporation: An official document proving the establishment of the company and its registration with the competent authorities.
7. Business License (Trade License): A letter from the relevant government authorities allowing the company to practice commercial activity in Dubai.
8. Building Permit: If the company intends to build or modify a building for commercial purposes.
9. Work Permits: For foreign workers working in the company, including managers and employees.
10. Tax documents: such as a tax identification number and tax declaration.

Advantages of establishing a company in Dubai

Establishing a company in Dubai offers many advantages and opportunities for investors, whether local or foreign residents. Here are some of the key advantages of setting up a company in Dubai:

• Thriving Business Environment: Dubai has a dynamic and thriving business environment, making it a preferred destination for entrepreneurship and global investments.
• Strategic location: Dubai is located in a strategic location that makes it an important center for global trade, with easy access to the markets of the Middle East, Africa, Asia and Europe.
• Advanced infrastructure: Dubai has an advanced infrastructure that includes international airports, sea ports and advanced roads, which facilitates movement, trade and distribution.
• Low tax policy: Dubai has a soft tax policy, as it does not impose taxes on personal and corporate income in most sectors, making it an attractive destination for businessmen.
• Diverse job market: Dubai offers a diverse and multicultural job market, giving companies access to a diverse range of skills and experiences.
• Easy access to finance: Dubai has a wide range of financial institutions and banks that provide financing and credit services to support the growth of new businesses.
• Friendly investment climate: Practical government policies and flexibility in regulations encourage building and operating businesses in Dubai, creating a friendly investment environment.
• Availability of qualified human resources: Dubai has a labor market that includes qualified and educated employees in various sectors, which facilitates the recruitment process and operating companies.
• Free zone and industrial zones: Dubai has many free zones and industrial zones that provide additional flexibility in regulations and facilities for new companies.
• Cultural and Social Diversity: Dubai is a culturally and socially diverse city, which provides opportunities for expansion and growth in a market that includes different cultures and nationalities.

At the conclusion of the discussion of procedures for establishing companies in Dubai for Iraqis, it becomes clear that Dubai is considered one of the most important global destinations for entrepreneurship and establishing companies. Dubai is characterized by a developed investment environment and flexibility in commercial laws, which makes it suitable for Iraqis looking for investment opportunities and expansion in international markets.

First, Iraqis wishing to establish a company in Dubai must choose the appropriate company type according to the chosen business activity and specific financial objectives. This is then followed by determining the name of the company and submitting the documents required to register the company, including agreements, contracts and financial documents.

Secondly, the necessary work permits and commercial licenses must be obtained from the competent authorities in Dubai, by submitting the required documents and fulfilling the specified conditions, which allows the start of doing business legally and regularly.

Third, the new company must register in the commercial registry and obtain the necessary licenses to conduct business in Dubai, which requires dealing with the relevant government agencies and adhering to local laws and regulations.

In conclusion, Dubai reflects development and innovation in the field of entrepreneurship, and provides the necessary support to ambitious Iraqis seeking to establish their companies and achieve success in the Emirati and global market. By adhering to the necessary measures and consulting specialists, Iraqis can realize their entrepreneurial dreams in Dubai and achieve sustainable success in the business world.

The most frequently asked questions about establishing a company in Dubai