In the process of establishing an offshore company in Dubai, legal and administrative procedures become crucial to ensuring the success of the company and its compliance with local laws. Itqan Company plays an important role in this process, as it provides legal advice and specialized services that help facilitate procedures and guide investors towards the right path.

Consequently, international investors established an offshore company in Dubai, and began searching for the procedures necessary to establish it successfully. The basic steps included consultation with Itqan Company, which provided them with the necessary guidance on the legal and procedural steps to be followed.

Also, at the beginning, the Itqan team provided consultations on choosing the appropriate type of offshore company and determining the appropriate commercial activity in accordance with local laws. The company then coordinated and filed all necessary legal documents with the local authorities, including the articles of association and articles of association.

Itqan Company also plays a pivotal role in facilitating communication with local authorities, as it effectively follows up on all necessary correspondence and approvals. Thanks to its continuous support, investors were able to complete the procedures smoothly and with high efficiency.

In short, Itqan’s experience in establishing a company in Dubai reflects its ability to provide integrated services that facilitate the establishment process and achieve full compliance with local laws, making it a valuable partner for investors seeking to invest in this thriving market.

Procedures for establishing an offshore company in Dubai

Establishing an offshore company in Dubai is an important investment step that requires careful planning and knowledge of legal and administrative procedures. Dubai is one of the most prominent global destinations for business and investments.

1. Choosing the type of company: You must first develop a clear plan for the type of company you wish to establish, such as a foreign Emirati company or a company in free zones.
2. Determine the commercial activity: Then you must determine the company’s commercial activity and ensure that it complies with local controls and laws in Dubai.
3. Choosing a company name: Therefore, you must choose a unique and non-duplicate name for the company and ensure that it is compatible with local regulations.
4. Submitting the necessary documents: The documents required to establish the company must also be submitted, such as passports, incorporation contracts, articles of association, and commercial address.
5. Payment of incorporation fees: Then the incorporation fees and costs related to the company establishment process must be paid.
6. Obtaining approvals and permits: The necessary approvals and permits must also be obtained from government and administrative agencies in Dubai.
7. Opening a commercial bank account: Then a commercial bank account must be opened for the company to manage financial and commercial operations.
8. Registration in taxes and insurance: Therefore, registration in taxes, health and social insurance must be done in accordance with local regulations.

These steps also represent a general framework for the process of establishing a company in Dubai , and the details and requirements may vary depending on the type of company, commercial activity, and local laws. Therefore, it is necessary to obtain a customized and detailed consultation from an Itqan company specializing in this field.

Establishing a company in Dubai

Types of companies in Dubai

Dubai also has a variety of options for establishing companies, allowing for the appropriate choice of different business needs, whether local or international. Investors are encouraged to consult Itqan Company to choose the appropriate type of company and implement the necessary procedures to establish it correctly and distinctly.

Licenses and permits required to establish a company in Dubai

To establish a company in Dubai , the process of obtaining different licenses and permits is required depending on the type of company and business activity. Here is a general list of necessary licenses and permits:

1. Company incorporation permit: This permit also includes company details such as name, activity, shareholders, and address. The establishment application is submitted to the competent authorities such as the Department of Economic Development in Dubai.
2. Business License: Then every business in Dubai needs its own license. It must be checked that the activity is legally permitted and complies with local regulations.
3. Building permit and location license: Also, if the company needs a physical location such as an office or warehouse, it may need a building permit for the building and a license to use the location for commercial purposes.
4. Foreign Investment Permit: If the company invests foreign capital or is owned by foreign partners, it may need an Foreign Investment Permit from the Department of Economic Development.
5. Advertising and Marketing License: Therefore, if the company intends to conduct advertising or marketing campaigns, it may need a special license for that from the competent authorities.
6. Tax permit and tax registration: Establishing a company in Dubai then requires registration with the Federal Tax Authority and obtaining a tax number.
7. Work and residence permits: Therefore, if foreign employees, managers or investors are required to work and reside in Dubai, they may need work and residence permits from the local authorities.

Therefore, this is a general list, and the required licenses and permits can vary depending on the type of company, commercial activity, and local and federal government legislation. It is essential to obtain dedicated local consultation from Itqan Company to ensure full compliance with local laws and regulations.

Fees for establishing a company in Dubai

Estimating the fees necessary to establish a company in Dubai depends on several factors such as the type of company, commercial activity, and the specific legal and administrative requirements of this company. However, general estimates can be provided of the incorporation fees that may be involved in setting up an offshore company in Dubai:

1. Company establishment fees: These fees also include legal and administrative fees related to company registration and authorization, determining its organizational structure, and other basic procedures.
2. Business License Fee: These fees are then determined based on the type of business activity the company is conducting and whether it requires a special license or permit.
3. Legal consultation fees: Therefore, you may need specialized legal advice to assist you in all legal, financial and administrative procedures related to establishing the company, and this may entail consulting fees.
4. Administrative fees: These fees also include administrative expenses related to the company’s offices, space rental, furniture, and employees.
5. Tax registration fees: You must then register the company for taxes, and this may incur tax registration fees.
6. Other fees: These fees may also relate to additional services such as advertising, marketing, construction, location licensing, etc.

It is also important to ensure that you fully understand all the fees and costs associated with establishing a company in Dubai before starting the process, and it is recommended to cooperate with Itqan Experience Company to provide an accurate estimate of the expected costs and ensure compliance with all local regulations and laws.

Establishing an offshore company in Dubai

Opening a bank account to establish a company in Dubai

Opening a bank account to establish a company in Dubai is considered a basic and necessary step to effectively manage the company’s financial and commercial operations. Here are the general steps that can be followed to open a bank account in Dubai:

1. Choosing a bank: First of all, research and inquire about the banks available in Dubai and their corporate banking services. Check customer ratings, reputation, fees and services offered by different banks.
2. Determine the type of account: Then decide what type of account you would like to open, such as a regular deposit account, customer account, or SME account.
3. Preparing the required documents: thus the passport and personal ID of the main officials and shareholders.
   The company’s articles of incorporation and articles of association.
   Signatures of directors and shareholders.
   Commercial address confirmation documents.
   Company documentation documents such as trade registration and business licenses.
4. Visit the bank: Also visit the chosen bank branch and bring all the required documents. You can also arrange a meeting with bank officials to get more information and guidance.
5. Filling out the application forms: Also fill out the application forms provided by the bank and submit the required documents with them.
6. Review and approval: Then, after submitting the application and documents, the bank will review them and conduct the necessary investigations, then the decision will be made to approve opening the account.

It should also be noted that banks may sometimes need time to review the application and issue approval, so it is advisable to start the account opening process sufficiently long before the company’s commercial operations begin.

Help us establish your company

Itqan Company provides comprehensive and specialized services to help establish an offshore company in Dubai. Here are some ways that “Itqan” company can help you in this process:

1. Specialized legal consultations: Itqan Company provides specialized legal consultations that help you understand the procedures necessary to establish an offshore company, and guide you towards making the right decisions regarding the type of company and commercial activity.
2. Preparation of legal documents: Itqan provides services for preparing the necessary legal documents for establishing the company, such as articles of incorporation and articles of association, and assistance in coordinating and submitting these documents to the relevant government agencies.
3. Coordinating administrative procedures: Itqan coordinates all administrative procedures with government agencies in Dubai, including submitting applications and necessary documents and following up on correspondence.
4. Ongoing advisory support: Itqan provides ongoing advisory support throughout the company establishment process, ensuring compliance with Dubai’s legal and tax laws and controls.
5. Providing additional services: In addition, Itqan can provide additional services such as searching for locations for the company, mediating with banks to open business accounts, and managing financial operations.

Therefore, in short, Itqan is a reliable partner for investors who wish to establish their offshore companies in Dubai, providing the necessary services and support to ensure the success of the process and its compliance with local laws and regulations.

Successful establishment of an offshore company in Dubai

In conclusion, Itqan Company is a vital partner for investors seeking to establish offshore companies in Dubai, as it offers its expertise and deep knowledge in local laws and administrative procedures, which helps to achieve the success of this process with high efficiency.

Itqan’s main contribution is to provide customized legal advice, providing comprehensive guidance on the necessary procedures for establishing an offshore company, from choosing the appropriate type of company to submitting the necessary documents and coordinating with the relevant government agencies.

In addition, Itqan Company contributes to providing ongoing advisory support to investors, which helps them better understand legislation and legal controls and avoid potential problems in the future.

Moreover, Itqan Company works to provide comprehensive solutions to investors, including providing additional services such as searching for locations for the company, mediating with banks, and managing financial operations.

With this, it can be said that Itqan plays a vital role in supporting and facilitating the process of establishing offshore companies in Dubai, and represents a reliable and trustworthy option for investors seeking to invest in this thriving market.

Frequently asked questions about the procedures for establishing an offshore company in Dubai