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Establishing a company in Dubai South

Establishing a company in Dubai South

٠٣ فبراير Establishing a company in Dubai South

Establishing a Company in Dubai South In the heart of the South, there are amazing opportunities for establishing successful companies and investments. Dubai South is characterized by advanced infrastructure and innovative investment policies, making it an ideal destination for ambitious business projects. Itqan Company\’s role comes to give you the ability to take full advantage of these opportunities and make establishing your company in Dubai South a smooth and successful experience.

As one of the most important economic and logistics areas in Dubai, Dubai South attracts investors and companies from various sectors. To achieve success in this dynamic market, the Itqan team works to provide comprehensive support for every step in the process of establishing a company in Dubai .

This article will take us on an introductory tour of company establishment services in Dubai South, where we will explore how Itqan Company can be your partner in achieving your entrepreneurial dreams. We will review the available services and features that Dubai South offers as an investment location, with a focus on the role of Itqan Company in providing the necessary support and consultations to make establishing your company a successful and fruitful experience.

Establishing a company in Dubai South

Establishing a company in Dubai South represents an important strategic step towards success and stability in the dynamic UAE business market. Dubai South is characterized by an advanced infrastructure, an encouraging investment environment, and easy company establishment procedures. If you are thinking about setting up a company in Dubai , here are general steps to do so:

  1. Market study:
    Conduct a field study of the market in Dubai South, analyze opportunities and challenges, and identify promising sectors for establishing the company.
  2. Choosing the legal type of company:
    Determine the type of company that is appropriate for your goals, whether it is a sole proprietorship, a limited liability company, or a joint stock company.
  3. Determine the name of the company:
    Choose an appropriate name in accordance with the laws of the Ministry of Economy in the Emirates, and make sure it is available and not repeated.
  4. Preparing legal documents:
    Prepare the required legal documents such as the articles of association, bylaws, and establishment permit.
  5. Submitting the application and obtaining licenses:
    Submit the required documents to the competent government agencies, such as the Department of Economic Development, and obtain the necessary licenses and approvals.

It is important to seek the assistance of experts in this field or specialized companies such as Itqan Company to guide and assist you in all steps of establishing the company in a smooth and effective manner.

Company

Company in Dubai South

Types of companies that can be established in Dubai South

Type of Companythe description
Sole ProprietorshipIt is managed by one person who is solely responsible for debts and liabilities.
Joint Stock CompanyA number of shareholders participate in it, and ownership is divided into shares.
Limited Liability Company – LLCLiability is limited to shareholders and can be established with a specific financial contribution.
Private CompanyThey are owned and operated by a small group of individuals or companies.
Public CompanyIt is listed on the stock exchange and the public can buy its shares and participate in it.
Branch CompanyIt is a branch of a parent company located in another country and operates in accordance with the policies of the parent company.
Free Zone CompanyIt operates in free zones and enjoys specific tax and legal privileges.

Please note that these types may vary slightly depending on current laws and regulations in Dubai South

Basic steps to establish a company in Dubai South

Establishing a company in Dubai South requires following several basic steps to ensure compliance with local laws and regulations, which includes the following steps:

  1. Market Study and Opportunities:
    It starts with conducting a thorough study of the market in Dubai South, to understand the available opportunities and identify the appropriate business activity according to your business needs and goals.
  2. Choosing the legal structure:
    After determining the business activity, you must choose the appropriate legal structure for the company, such as a limited liability company (LLC), a joint stock company, a sole proprietorship, and others.
  3. Choosing and confirming the name:
    You must choose a suitable and unique name for the company, ensure that it is available and not repeated in the commercial records, and then confirm it with the competent authorities.
  4. Preparing legal documents:
    After choosing the legal structure and confirming the name, the necessary legal documents for establishing the company must be prepared and organized, such as the articles of incorporation and the work system.
  5. Submitting applications and obtaining licenses:
    After preparing the documents, applications are submitted to obtain the necessary licenses and approvals from government agencies in Dubai South, such as the Department of Economic Development and the Department of Labor.

It should be noted that these steps may vary slightly depending on the type of company and proposed business activity, so it is important to obtain the advice of Itqan Company and ensure full compliance with local laws and regulations in Dubai South.

Requirements for establishing companies in Dubai South

Requirements may vary based on the type of company and business activity chosen, and it is recommended to obtain local legal advice to ensure full compliance with the laws and regulations in Dubai South. Legal and administrative requirements usually include: To establish companies in Dubai South , several legal and administrative requirements must be complied with. Here is an overview of the main requirements:

  1. Legal type of company:
    The appropriate legal structure for the company must be determined, such as a joint stock company, limited liability company (LLC), or sole proprietorship.
  2. Trade name:
    You must choose a unique and appropriate name for the company, and ensure that it is not repeated or similar to the names of other registered companies.
  3. Industrial permit:
    If the company works in the field of industry or production, an industrial permit must be obtained from the relevant authorities.
  4. Approvals and licenses:
    All necessary approvals and licenses must be obtained from the relevant government agencies, such as the Department of Economic Development, the Department of Labor, and tax authorities.
  5. Legal documents:
    The necessary legal documents must be prepared and submitted, such as the articles of incorporation, work regulations, lists of shareholders (if the company is joint-stock), and financial audit reports.

A full investigation of the legal and administrative requirements in Dubai South indicates the need to work closely with Itqan to ensure full compliance and success in establishing and operating the company legally and efficiently.

Fees and costs for establishing companies in Dubai South

Fees and costs for establishing companies in Dubai South vary depending on the type of company and business activity chosen, and can include several elements. Here is an overview of some of the expected fees and costs:

  1. Registration fees:
    Registration fees depend on the type of company, and may be different for a joint stock company than a limited liability company (LLC) or sole proprietorship. These fees also include trade name confirmation fees and commercial registry fees.
  2. Governmental bodies fees:
    Fees must be paid to various governmental bodies such as the Department of Economic Development, the Department of Labor, and the relevant tax authorities. These fees include business licenses, approvals fees, and necessary licenses.
  3. Legal and Financial Advisors Fees:
    There can be fees for legal and financial advisors who provide their services to assist you in the company formation process and comply with local laws and regulations.
  4. Required capital:
    Some legal types of companies may require a specific capital, and this leads to additional costs when establishing.
  5. Financial guarantee costs:
    In the case of companies that require financial guarantees such as bank guarantees or cash deposits, there will be additional costs for these guarantees.

It is advisable to speak with Itqan to determine the specific fees and costs for establishing your company in Dubai South and ensure full and effective compliance.

Steps

Steps to establish a company in Dubai

Financial guarantees for establishing a company in Dubai South

To establish a company in Dubai South, various financial guarantees may be required in order to comply with local laws and regulations and ensure the continuity of the company. Here are some common financial guarantees that may be requested:

  1. Bank guarantee:
    A bank guarantee may be requested as part of the requirements for establishing a company, and this guarantee is usually a certain percentage of the company’s required capital. A bank guarantee is a means of ensuring the availability of funds required to operate the company.
  2. Cash deposits:
    In some cases, a cash sum is required to be deposited in a designated account for the company, as a financial guarantee to ensure its ability to carry out business and its financial obligations.
  3. Personal financial guarantees:
    Founders or shareholders may be required to provide personal financial guarantees, such as providing personal guarantees to secure loans or financing needed for the company.
  4. Liability insurance:
    The company can be required to obtain civil liability protection insurance, which protects the company and shareholders from potential legal and financial issues.
  5. Tax Guarantee:
    In some cases, companies are required to provide tax guarantees to ensure payment of taxes and compliance with their tax obligations.
  6. Additional financial obligations:
    Some government agencies may require companies to commit to additional financial insurance or provide additional guarantees depending on the nature of the business activity and legal requirements.

It is recommended to speak with Itqan Company to accurately understand the required financial guarantees and ensure that all financial requirements necessary to establish the company in Dubai South are met.

Our service in establishing your company in the South

Itqan Company\’s services are distinguished by specialization and professionalism, as its distinguished team of professionals works to provide support and assistance in all aspects of establishing the company, making the process easy and smooth for customers. Itqan Company\’s services include:

  1. Company establishment consulting:
    Providing advisory advice and guidance in choosing the appropriate legal structure and determining the strategic plans necessary to establish the company.
  2. Preparing legal documents:
    Providing support in preparing and organizing the legal documents required to establish the company, such as articles of incorporation and bylaws.
  3. Arranging licenses and approvals:
    Providing assistance in arranging and submitting the necessary applications to obtain licenses and approvals from the relevant government agencies.
  4. Legal and financial support:
    Providing legal support and financial advice to clients during all stages of establishing and operating the company.
  5. Providing administrative and organizational services:
    Providing administrative and organizational support to assist in developing strategic plans and implementing daily administrative operations.

In short, Itqan Company represents the ideal partner for establishing companies in the southern region, as it always seeks to provide high-quality services and respond to the needs of its customers in an innovative and effective manner.

Your company in the south

In conclusion, establishing a company in Dubai South is a strategic and vital step towards entering the business world in the thriving emirate of Dubai. The southern region is characterized by advanced infrastructure, an encouraging investment environment, and a number of major projects and diverse economic opportunities.

In turn, Itqan Company provides a comprehensive range of services to help entrepreneurs achieve their goals and turn their visions into reality. It works to provide the necessary support during all stages of establishing the company, from advisory advice to preparing legal documents and helping to arrange the necessary licenses and approvals.

Itqan also seeks to provide comprehensive legal and financial support, which is considered an essential element for the success of startups in the competitive economic environment. Through its experience and professionalism, Itqan Company contributes to building strong and sustainable companies that contribute to supporting the local economy and creating job opportunities.

Thus, it can be said that establishing a company in Dubai South with the support of Itqan Company is a smart and reliable option for those wishing to enter the world of business and achieve success and sustainability in the local and global market.

Frequently asked questions about establishing a company in Dubai South

What are the basic steps to establish a company in Dubai South?

The basic steps include choosing the type of company, choosing the company name and ensuring that it is available and not repeated, determining the organizational structure, preparing legal documents, and submitting applications to obtain the necessary licenses.

What types of companies can be established in Dubai South?

Local or tax-free companies can be established such as limited liability companies, sole proprietorships, and public or private joint-stock companies.

What are the legal and administrative requirements for establishing companies in Dubai South?

Legal requirements include determining the legal type of the company, submitting the required documents such as articles of incorporation and permits, and obtaining the necessary licenses from government agencies.

What are the expected fees and costs for establishing companies in Dubai South?

Fees and costs vary depending on the type of company and services required, and include government fees, consulting fees, and administrative and legal costs.

What financial guarantees are required to establish companies in Dubai South?

The required guarantees vary depending on the type of company and commercial activity, and may include financial or non-financial guarantees such as depositing capital or providing a financial guarantor.