Establishing a company in Dubai is an important strategic step for entrepreneurs, as this modern and dynamic city provides them with an ideal environment for growth and prosperity. Dubai is characterized by flexible trade legislation and advanced infrastructure, making it one of the most attractive destinations for companies to set up.
Establishing a company in Dubai begins with determining the type of company suitable for the planned activity, whether it is an individual company, a limited company, or a joint stock company. Next, you must determine the company name and ensure its compliance with the laws of the emirate. It is also necessary to choose a location for the company and determine the legal responsibilities of shareholders or directors.
Another important aspect of the process of establishing a company in Dubai is obtaining the necessary work licenses and permits from the competent authorities, and opening a bank account for the company. After that, the company can begin its actual work according to the established strategic plan, focusing on building brand identity and attracting customers. In short, establishing a company in Dubai requires good planning and careful follow-up, but the opportunities and rewards offered by this wonderful city make every effort worth it. .
Establishing a company in Dubai
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ToggleBuild a strong identity for your new company in Dubai
Building a strong identity for your new company in Dubai is an essential element for the success and prosperity of the business venture. Here are some steps you can follow to build a strong corporate identity:
- Define core identity: Define the company’s core vision and mission. Understand what your company’s purpose and core values are and what you strive to achieve. Go from there to determine the company’s positioning and what sets it apart from competitors.
- Company name and logo: Choose a strong, distinctive name for your company that is easy to remember and reflects its identity and field of work. Design a unique logo that expresses your vision and values. You can hire a professional graphic designer to help create the name and logo.
- Website: Design and develop a professional and attractive website that reflects the company’s identity and provides comprehensive information about your products or services. The site should be easy to navigate, mobile-friendly, and include easy communication methods for potential customers.
- Marketing Content: Create strong, engaging marketing content that reflects the company’s identity and targets the target audience. Use language and style that fit the company’s identity and express its values and competitive advantages. You can hire a content writer or marketing expert to help you develop the content.
- Social Media Marketing: Create powerful social media accounts that match your business. Post value-added content, engage with your audience, and build relationships with potential customers.
- Customer Experience: Customer experience should be aligned with the company’s identity. Train staff to deal with customers in a way that reflects the company’s values and provides a great customer experience.
- Presence in events and exhibitions: Participate in events and exhibitions related to your field of work. Present a strong presence and take advantage of these occasions to reinforce your company’s identity and increase awareness.
- Interaction with the local community: Build strong relationships with the local community in Dubai. Donate to local charities or participate in community initiatives or partnerships with local organizations. This reinforces the company’s identity as a socially responsible company.
Using these steps, you can build a strong and distinctive identity for your new company in Dubai. It should reflect the personal identity, values and vision of the company, contribute to building its reputation and attracting customers and partners.
Conditions for establishing a company in Dubai
The process of establishing a company in Dubai requires compliance with a set of conditions and procedures determined by local law and government authorities. Here are some general conditions that may be required for the establishment process in Dubai :
- Company type: You must specify the type of company you wish to establish, such as a local company (limited liability), sole proprietorship, private company, or public company.
- Company Name: You must have a unique company name and this must be verified for availability and compliance with local laws and regulations.
- Capital: Some types of companies can require specifying the basic capital that must be available to the company.
- Partners and shareholders: The identity of the partners or shareholders and their percentage must be determined in the case of multi-partner companies.
- Contracts and legal documents: Contracts and legal documents necessary to establish the company and determine the rights and obligations of the partners must be prepared.
- Business licenses: Some economic activities may require obtaining special licenses from local authorities or regulatory authorities.
- Business location: The company must be located and within compliance with local requirements.
- Government registration: The necessary registration application and necessary documents must be submitted to the local authorities or competent government agencies.
Key benefits of setting up a company in Dubai
Establishing a company in Dubai is considered an important investment step that provides investors with many opportunities and advantages in a dynamic and advanced business environment. Dubai is one of the world’s leading cities in the field of entrepreneurship and investment, as it combines advanced infrastructure and stimulating economic policies, making it an ideal destination for establishing companies. In addition to its strategic location linking East and West, Dubai provides a distinguished business environment that encourages innovation and growth, making it an ideal destination for investors seeking to expand their business and achieve success as quickly as possible. Establishing a company in Dubai can provide many benefits, here are some Advantages of establishing a company in Dubai :
- Leading business environment: Dubai is considered one of the most popular cities for business in the world, providing great opportunities for company growth and expansion in local and global markets.
- Strategic location: Dubai is located in a strategic location between east and west, making it an important center for trade and investments, with advanced air, sea and land transport facilities.
- Advanced infrastructure: Dubai has an advanced infrastructure that includes roads, airports, ports and communications, which facilitates the process of transportation and communication with global markets.
- Encouraging legal environment: Dubai offers a conducive legal environment for business, with favorable commercial and tax laws and flexibility in commercial regulations.
- Free Zones: Dubai offers free zones such as Dubai Technology and Media Zone, Jebel Ali Processed Products Zone, etc., where companies can benefit from the benefits of low taxes and simplified administrative procedures.
- Multicultural Labor Market: Dubai has a diverse community of cultures and nationalities, providing a dynamic and diverse work environment that facilitates dealing with companies and clients from different parts of the world.
- Financial Facilities: Dubai provides financial facilities such as bank financing and foreign direct investment, which facilitates the financing and expansion process of companies.
- Social and cultural life: Dubai provides a rich social and cultural life, with diverse entertainment and cultural facilities that attract workers and investors.
Expected costs of establishing a company in Dubai
The costs of establishing a company in Dubai vary based on the type of company and the activity it undertakes, but there are some basic costs that usually include:
- Registration fees: Depends on the type of company, and includes fees for registering the company itself and fees for registering the necessary licenses and permits.
- Office fees: If you don’t have your own corporate office, you may need to rent an office or co-working space.
- Lawyer costs: to assist in preparing the legal documents necessary to establish the company and to negotiate with government agencies.
- License fees: This can include license fees for the business activity carried out by the company.
- Tax costs: Depend on the type of company and the type of business activity you do.
- Seed capital: In some cases, you have to determine the seed capital for establishing the company, which is an amount that must be available in the company’s bank account.
- Consulting costs: You may need to consult financial or legal professionals to assist with the incorporation process.
- Appeal and certification fees: You may need to pay fees to the relevant government agencies to fulfill certification and appeal requirements.
The period required to establish a company in Dubai
Setting up a company in Dubai can be a relatively quick process if all requirements and documents are fully in place. Usually, the process of establishing a company can be divided into several stages, and each stage may take a different time depending on the type of company, business activity, and procedures followed. Below is a breakdown of the expected time period for establishing a company in Dubai:
- Choosing and approving the trade name: This may take a few days to a week, as the availability of the trade name must be verified and approved by the competent authorities.
- Preparing and submitting documents: Collecting and preparing the required documents may take a few days. Documents include incorporation contracts, application forms, passport photos, and others.
- Security approval: Security approval may require a period ranging from two weeks to a month, depending on the type of activity and founding partners.
- Obtaining a commercial license: After submitting the application, the process of issuing a commercial license usually takes one to two weeks.
- Registration in the Commercial Registry: Registration in the Commercial Registry may take a few days to a week.
In total, the time period for setting up a company in Dubai can range from two weeks to two months, depending on how quickly the necessary requirements, procedures and approvals are completed. Some free zones in Dubai may provide faster procedures, which helps reduce the time required to establish a company. It is always recommended to cooperate with the Itqan team to ensure the speed and efficiency of the process.
Taxes that companies must pay in Dubai
In Dubai, there are several types of taxes that businesses must pay, and they vary depending on the type of business and company structure. Here are some common taxes:
- Value Added Tax (VAT): The UAE introduced a VAT in 2018, applied at a rate of 5% on most goods and services.
- Real estate tax: Owners must pay a real estate tax on properties located in Dubai, and rates vary according to the value of the property.
- Personal Taxes: In some cases, there may be personal taxes on income for individuals residing in Dubai.
- Corporate taxes: These vary depending on the type of company and business activity. For example, there may be profits taxes, commercial property taxes, and others.
- Business License Fees: There may be annual or semi-annual fees related to renewing business licenses.
The licenses you need to establish a company in Dubai
To establish a company in Dubai , you may need to obtain a range of different licenses and permits depending on the type of company and its activity. Here is a general list of some of the licenses that may be required:
- Business license: You must obtain an official license that allows you to conduct the business activity you are planning. This license is issued by the relevant government authorities in the Emirate of Dubai.
- Building permits: If you intend to build a new company building or modify an existing building, you may need to obtain building permits from Dubai Municipality.
- Land Use License: If you intend to use a company site, you may need a land use license from the relevant government authorities.
- Health and Safety Licensing: You may need special health and safety licenses if you plan to work in certain fields such as food or healthcare.
- Environmental License: In some cases, you may need an environment-related license if your company’s activities affect the environment in a certain way.
- Work Permits: If you intend to hire employees, you will need the necessary work permits from the Dubai Ministry of Labor.
- Professional licenses: You may need special licenses if you plan to practice a specific profession such as medicine or engineering.
As we conclude our article on setting up a company in Dubai , we reiterate the importance of the basic steps that must be taken to ensure the success of the project. Starting from choosing the right type of company and choosing the appropriate location in one of the free zones or local companies, all the way to obtaining the necessary licenses and permits from the relevant government agencies.
Setting up a company in Dubai requires careful planning and knowledge of local laws and regulations. Therefore, entrepreneurs should enlist the help of Itqan Company to assist in this process. They must also be aware of the local market and economic factors that may affect the success of their company.
Ultimately, entrepreneurs must be prepared to face the challenges and risks they may face in their entrepreneurial journey in Dubai, and always be ready to innovate and develop their businesses to achieve sustainable success in the dynamic business market there.
Ways to establish a company in Dubai for foreigners
Establishing a company in Dubai for foreigners can be an exciting and rewarding process, as Dubai provides an advanced and encouraging investment environment for new companies. There are several methods that foreigners can use to establish a company in Dubai:
- Partnership with an Emirati citizen: Foreigners can establish a company in Dubai through a partnership with an Emirati citizen, where the local partner owns a share in the company and participates in its management.
- Establishing a company in a free zone: This option is popular among foreigners, as free zones in Dubai provide a suitable investment environment, facilitate administrative procedures, and provide tax differences.
- Sole proprietorship: Some foreigners choose to establish a sole proprietorship, where they are the sole owners of the company and have full responsibility for it.
- Company in Special Economic Zone: These zones are a suitable environment for business and provide benefits such as access to the regional and international market.
- Investing in real estate: Foreigners can invest in commercial real estate and establish companies to develop and manage real estate in Dubai.
There are also other options that can be explored, and it is always preferable to consult the Itqan Legal and Commercial Affairs team in Dubai to determine the most suitable option and guide the correct steps to establish the company based on the needs and investment objectives.
Conditions for opening a company in Dubai for foreigners
Conditions for opening a company in Dubai for foreigners include several basic elements. First, foreigners must select the appropriate company type for their business activity, such as sole proprietorship, joint-stock company, or free zone company, and this choice depends on business requirements, investment, and potential partnerships.
Secondly, in some cases, opening a company may require a local partner who owns a certain equity stake, and this depends on the type of company and the chosen business activity.
Third, foreigners must provide the capital required to establish the company, as the amount required varies depending on the type of company and market conditions.
Fourth, opening a company requires obtaining business licenses and local permits from the competent government authorities, and must adhere to all local and international laws and legislation related to business and investments.
Finally, it is advisable to cooperate with Itqan company consultants who are experienced in the laws and procedures in Dubai, as they can guide foreigners and provide the necessary support during the company opening process and ensure full compliance with legal and regulatory requirements.
In short, opening a company in Dubai for foreigners requires adherence to several conditions, including determining the type of company, providing a local partner if necessary, providing the required capital, obtaining licenses and permits, adhering to local laws and regulations, and opening a local bank account.
The cost of opening a commercial register in Dubai for foreigners
The cost of opening a commercial register in Dubai for foreigners is affected by several factors, including the type of company and business activity you wish to engage in, the geographical location of the company in Dubai, and additional services that you may need. In general, you should expect the cost of opening a commercial register in Dubai to include: For foreigners the following:
- License cost: Includes company registration and licensing fees in Dubai. These fees vary depending on the type of company and business activity.
- Consultation and legal services costs: You may need to hire a consulting company or a lawyer to assist you in the process of opening the commercial register and dealing with legal procedures. The costs of these services are determined based on your individual needs and requirements.
- Business address costs: You may need to rent an office or commercial space in Dubai to place a company address. Rental costs vary depending on the location and size of the space.
- Additional services costs: You may need additional services such as preparing financial accounts, auditing, and other legal services. The costs of these services vary depending on the service provider and the individual needs of your company.
It is recommended to contact an Itqan Consulting Company specializing in company formation in Dubai to obtain a more accurate estimate of the costs of opening a commercial register for your company according to your specific circumstances.
Investing in Dubai
Investing in Dubai is an exciting and rewarding opportunity for investors due to the many attractive factors that make it an interesting investment destination. Dubai is characterized by a developed infrastructure that includes modern facilities such as international airports and sea ports, which enhances business efficiency and attracts international companies. Dubai also provides a favorable legislative and tax environment that encourages investments and provides legal protection for investors.
The real estate market in Dubai is characterized by its diversity and is considered one of the most important investment sectors, as investors can obtain good returns from investing in commercial and residential real estate. Dubai also provides various opportunities in the industrial, technological, tourism and commercial sectors, which contributes to diversifying the investment portfolio and increasing opportunities to achieve returns.
In addition, the UAE government encourages foreign investments by offering a range of benefits and facilities to foreign investors, such as the possibility of full ownership of assets in some sectors and free zones, and not imposing taxes on personal and corporate income in some cases.
In addition, Dubai is a major financial and commercial center globally, giving investors access to global networks and opportunities for cooperation and partnership with international companies.
In general, it can be said that Dubai provides an ideal investment environment that combines political and economic stability with broad opportunities for growth and diversification, making it a preferred destination for investors from different parts of the world.
Why should I establish a free zone company in Dubai for my project?
Establishing a company in a free zone in Dubai provides distinguished opportunities for companies, as it enjoys flexible investment policies, easy treatment of laws and regulations, in addition to obtaining important customs and tax facilities, making it an ideal environment for operational and commercial growth and expansion. Establishing a company in a free zone in Dubai can It can be an excellent choice for your project for several reasons:
Foreign investment:
Free zones in Dubai provide an ideal investment environment for foreigners, as they provide broad opportunities for investment and establishing companies with foreign ownership. This open environment encourages diversity and innovation, and provides support and facilities for foreign investors to achieve success in the UAE and global markets.
Customs facilities:
The free zones in Dubai provide great customs facilities, as customs duties are not imposed on imports and exports between the free zone and other countries. This measure contributes to making import and export operations more efficient and low-cost, which attracts investors and enhances international trade in these regions.
Operational freedom:
Free zones provide companies with great operational freedom, as they do not face traditional restrictions that limit their activity in traditional locations, which helps them develop new ideas and implement operational strategies faster and more flexible.
Advanced infrastructure:
Dubai is characterized by an advanced infrastructure that includes logistical and technological facilities and modern means of transportation, which helps facilitate effective and effective shipping, distribution and communication operations, and contributes to enhancing business efficiency and improving the operational performance of companies located in the region.
Benefit from shared services:
Freedom Zones give companies the opportunity to benefit from shared services, such as advanced infrastructure, effective logistical support, and specialized banking services, which helps them improve their efficiency, reduce costs, and enhance their competitiveness in the market.
Legal flexibility:
In Freedom Zones, companies enjoy legal flexibility that helps them implement operations and deals more quickly and effectively, which contributes to achieving their operational goals and increasing efficiency in business management.
Global competitiveness:
Global competitiveness means companies can access new markets and increase opportunities for growth and expansion, which helps them improve their position in the market and increase their share of customers and revenues.
In addition, Dubai free zones can offer diverse packages of administrative, operational and logistical services, making them an attractive option to establish your project and achieve success in a dynamic and innovative business environment.
The most famous free zones in Dubai
Dubai is one of the most prominent global destinations for establishing companies thanks to the availability of many free zones that provide an ideal environment for business and investments. These free zones are distinguished by providing tax and administrative facilities and exemptions that attract investors from all over the world. Here are the most popular free zones in Dubai for establishing companies:
Jebel Ali Free Zone (JAFZA):
Jebel Ali Free Zone is one of the oldest and largest free zones in Dubai. It provides an integrated environment for industrial, commercial and service companies, and is characterized by advanced infrastructure and excellent logistical facilities.
Dubai Internet City – DIC:
Dubai Internet City is considered a major center for information and communications technology, hosting many global and regional technology companies, and providing a suitable work environment for technology companies.
Dubai Media City (Dubai Media City – DMC):
It focuses on the media and entertainment industry, and includes many media and advertising companies and television and radio production companies.
Dubai World Trade Center (DWTC):
It provides an ideal working environment for companies operating in the trade, financial services, and exhibitions and conferences sectors.
Dubai Aviation City:
It targets companies operating in the aviation and space sector, and provides specialized infrastructure to support aviation-related activities.
Dubai International Financial Center (DIFC):
It is a global financial center that provides a distinguished regulatory and legal environment for financial companies, banks and investment institutions.
Dubai South:
A mixed-use economic zone that provides opportunities for companies in the aviation, logistics, trade and real estate sectors.
Dubai Multi Commodities (DMCC):
It is considered a global trading center for commodities and financial assets, and hosts many companies involved in the trade of gold, diamonds and other commodities.
Establishing a company in one of these free zones provides many advantages such as full foreign ownership, tax exemptions, and ease of establishment and management, making Dubai an ideal destination for international investments and companies.
Opening a bank account to establish a company in Dubai
To open a bank account to establish a company in Dubai in cooperation with Itqan Consulting and Company Establishment, you can follow the following steps:
Contact Itqan Company for Consulting and Company Establishment:
Contact Itqan Consulting and Company Establishment Company and explain to them that you would like to open a bank account for your company in Dubai. The company will advise and assist in this process.
Consult the company regarding suitable banks:
Ask your consulting firm about local banks in Dubai that provide account opening services for new businesses. You should choose the bank that suits your needs and company requirements.
Prepare the required documents:
Prepare the documents required to open a bank account in Dubai. These documents may include: a copy of the company’s articles of incorporation, a copy of the commercial registry, passport, proof of address, and other documents required by the specific bank.
Submit a request to open a bank account:
In cooperation with the consulting company, submit a request to open a bank account for your company in the specified bank. The required documents must be submitted and any necessary forms filled out by you and the consulting company.
Completing bank procedures:
After submitting the application, you and the consulting company must follow the procedures of the specific bank. You may be required to attend a personal meeting at the bank or provide further information or documents if necessary.
Receiving bank account details:
After completing all procedures and approving the account opening, you will receive your company’s bank account details. You will need these details to conduct banking transactions and manage your company’s finances.
It should be noted that it is important to contact the aforementioned consulting firm to obtain more detailed and specialized information based on your individual case and your company’s requirements.
License options
You can benefit from various license options in your company, as many activities can be placed under one license, including professional, commercial and industrial activities, which facilitates flexible and effective business management and helps achieve growth and expansion goals efficiently. Below are some of the commercial license options available in Dubai:
Type of license | the description |
---|---|
General trade license | It allows all legitimate trade activities to be carried out without restrictions |
Limited company license | Allows the establishment of a limited liability company |
Free profession license | It allows an individual to practice a specific profession independently |
Industrial company license | It allows the company to produce and manufacture products in industrial facilities |
E-commerce license | Allows online business activities |
Real estate company license | Allows dealing in the real estate sector |
Please note that this is not a comprehensive list of all business licenses available in Dubai, and reflects some common options. There may be additional options depending on the specific Freezone or the specific needs of the business you are doing. It is recommended to check local relevant sources and consult with Itqan experts to obtain updated and accurate information about business licenses in Dubai.
How much does it cost to open a commercial register in Dubai?
The cost of opening a commercial register in Dubai varies based on several factors, including the type of company and the activity it carries out. You can obtain more accurate details by contacting specialized consulting offices such as Itqan Company, which provides business consulting services and establishing companies in Dubai.
- Company Licenses: You need to obtain a license to conduct your business activity in Dubai. The cost of these licenses varies depending on the type of activity and the relevant regulatory body.
- Government fees: The process of opening a commercial register requires paying government fees related to the registration and licensing process.
- Rent and setting up the office: If you need an office for your company, you will need to pay the costs of rent and setting up the office, including property insurance and contract fees.
- Consulting services: You may need to use consulting services companies to help establish the company and prepare the necessary documents. You may incur costs for consulting, legal and accounting services.
- Advertising permit fees: You must pay advertising permit fees if you plan to carry out advertising activities for your company in Dubai.
- Additional fees: The process of opening a commercial register in Dubai may involve additional fees for optional services such as logo design services, customs registration, etc.
What licenses are required to establish a company in the UAE?
To establish a company in the UAE, you usually need to obtain the following licenses:
- Company license: This license includes the classification and type of company, such as sole proprietorship, limited liability company, public shareholding company, or partnership company.
- Business License: You need to identify your main business and obtain its license. Each business has a specific license, such as retail, industrial, professional services, construction, hospitality, technology, etc.
- Office License: If you need an office for your company, you may need to obtain a license for the office, whether it is in the free zone, economic zone, or another location.
- Government agencies licensing: You may need additional licenses from the government agencies concerned with your business activity. For example, you may need a license from the Department of Economic Development, Ministry of Trade and Industry, Tourism and Culture Authority, etc.
- Professional licenses: If you work in a profession that requires a professional license, such as medicine, engineering, accounting, or law, you will have to obtain a professional license from the competent authorities.
- Incorporation license: If your company is part of a group of companies or affiliated with a parent company, you may need a company incorporation license.
- Work Permit: If you intend to employ employees, you must obtain a work permit from the Ministry of Human Resources and Emiratisation in the emirate.
- Special licenses: There may be special licenses or approvals required by some private sectors such as health, security, environment, food, tourism, and others.
How to establish a company in Dubai for foreigners online?
Establishing a company in Dubai for foreigners online
Establishing a company in Dubai for foreigners online can be a smooth and efficient process, as many companies offer online company formation services with simplified and convenient procedures. Foreigners can choose the appropriate company type and submit the necessary documents online, with the help of Itqan Company’s consultants who specialize in law and business. These services provide a flexible solution for establishing companies without the need for personal presence in Dubai, which saves time and effort and facilitates the process of starting work in the emirate quickly and easily.
Steps to establish a company in Dubai via the Internet via Basher
If you want to create a company in Dubai online through “Basher”, you can follow simple steps to facilitate the process. First, register on the “Basher” platform and determine the type of company you want to create. Then submit the required documents online, such as a copy of your passport, a photo, and any additional documents required by local authorities. After that, submit your application and wait for the application to be reviewed and approved by the relevant authorities. After that, you will receive an approval notification and can officially start your work. Always remember to check local laws and regulations to ensure full and smooth compliance with the company formation process.
What is a virtual company license from Dubai?
A virtual company license in Dubai is a type of license that allows companies or individuals to operate from Dubai without the need for a physical office. This license is considered part of Dubai’s efforts to encourage online business and support work from homes and virtual offices. Among the most important features of a virtual company license in Dubai:
- Remote work: Companies and individuals can work from anywhere in the world provided they comply with local laws and regulations.
- Cost Savings: Reducing costs associated with rent and physical utilities such as electricity and water.
- Ease of management: simplifying administrative procedures and providing flexibility in organizing work.
- Global Presence: The ability to reach international customers and partners more easily through the Internet.
The type and conditions of virtual company licenses from Dubai vary depending on the activities and sectors that the company deals with. It is important to review local regulations and laws to understand the requirements and conditions that govern this type of license.
How do you build a team for your new online company?
When you’re putting together a team for your new online business, you should focus on several important steps. First, identify the tasks and functions needed to achieve the company’s goals. Then, search for suitable candidates via online recruitment platforms or professional social networks. Test their skills and experience through interviews and practical tests. Form a diverse and integrated team with multiple experiences and diverse capabilities that contribute to the company’s success and the achievement of its vision.
Is it possible to establish a company for foreigners in the UAE in other places?
Foreigners can establish companies in the Emirates in several places, including free zones that provide a suitable investment environment and flexibility in laws, allowing them to obtain full ownership of the company and not impose taxes in some cases. They can also establish companies in national zones and special economic zones, while adhering to local regulations and conditions. To obtain the accurate information and necessary advice, it is preferable to seek the assistance of Itqan Company’s legal experts.
Company establishment offices in Dubai
Itqan Company is a company formation company in Dubai that offers a wide range of services to help establish and establish companies in the city. Some of the services that Itqan Company may provide include the following:
- Business Consulting: Itqan Company provides specialized consulting to help you understand the procedures and legal requirements for establishing companies in Dubai. They can also provide you with updated information about suitable free zones and available business licenses.
- Establishing companies: Itqan Company carries out company establishment procedures on your behalf. This includes preparing the necessary documents, submitting them to the relevant authorities, and following up on legal and administrative procedures.
- Corporate Licensing: The company provides corporate licensing services, including submitting licensing applications and dealing with relevant government agencies to obtain appropriate commercial licenses.
- Accounts Management: Itqan can provide financial account management services, assist in tax preparation and submission, payroll management, and the company’s general finances.
- Business Address Services: A company can provide a business address in Dubai to be used for company registration and official communications.
- Legal Consultation Services: Itqan may provide legal consultations related to commercial laws and regulations in Dubai and guide you regarding the protection of your rights and legal compliance requirements.
Please note that these are just examples of the services that Itqan Company may provide, and additional services are available that may vary depending on the individual needs of each company. You should check with the company directly for a complete list of services and specific details related to company formation in Dubai.
The most frequently asked questions about establishing a company in Dubai
What are the basic steps to establish a company in Dubai?
The basic steps include: choosing the company type, specifying the name, obtaining a work permit, issuing a commercial license, and opening a bank account.
Can I establish a company in Dubai without a local partner?
Foreigners can establish companies in free zones without needing a local partner, but in the local market, there may be requirements for a local partner.
What are the estimated costs of setting up a company in Dubai?
Costs vary depending on the type of company and licenses required, but include registration fees, licenses, legal advice, and real estate if required.
Can I establish a company in a free zone or in the local market?
Yes, companies can be established in free zones independently or in the local market with the presence of a local partner in some cases.
What are the advantages and disadvantages of establishing a company in a free zone compared to the local market?
Free zones offer advantages such as freedom from taxes and local laws, but may be limited in access to the local market and the formation of local partnerships.
What taxes must companies pay in Dubai?
Taxes include value added tax (VAT), yellow corporate tax, property taxes and import customs, but may vary depending on the type of company and its activity.
What are the main obstacles that I may face while setting up a company in Dubai?
Obstacles may include bureaucracy in regulatory procedures, labor laws, identifying a suitable location, and providing adequate capital.