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Steps and papers required to establish a company in Dubai

Steps and papers required to establish a company in Dubai

١١ فبراير Steps and papers required to establish a company in Dubai

What are the steps and papers required to establish a company in Dubai? In the ever-changing business world, establishing a company is an important and vital step towards achieving personal and professional goals. In this context, Dubai stands out as one of the most prominent global destinations for entrepreneurship and company establishment, as it enjoys an encouraging investment environment and advanced infrastructure.

Establishing a company in Dubai is not just a procedural process, but rather a strategic decision that requires good planning and knowledge of potential procedures and challenges. What are the necessary steps to establish a company in this modern city? What aspects must be taken into account to ensure the success of the project?

In this article, we will explore the process of setting up a company in Dubai, from analyzing the market and choosing the right type of company, all the way to registration procedures and obtaining the necessary licenses. We will highlight the challenges and opportunities investors may face during this process, and provide practical tips and guidance to help achieve success in this dynamic business environment.

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Steps and papers required to establish a company in Dubai

Documents required to establish a company in Dubai

To establish a company in Dubai , you will need to submit a number of necessary documents depending on the legal permit and the type of company you wish to establish. Here is a list of basic documents you may need:

  • Company establishment application form: contains company information such as name, address, business activity, and company type.
  • Identity forms for shareholders and directors: include copies of passports or identity cards for shareholders and directors, and may require a certified translation from the competent authorities if the documents are in a language other than Arabic.
  • Form of company memorandum and articles of association: This form defines the organizational structure of the company, the rights and duties of shareholders and directors, and the company’s decisions.
  • Required Financial Reports: You may need to provide detailed company financial reports, such as financial projections, tax reports, and profit and loss reports.
  • Work permit: If you intend to employ employees in the company, you will need to obtain the necessary work permit and residence visa for managers and employees.
  • Business licenses: You may need to obtain specific licenses depending on the business, such as a construction license, industry license, or business license.
  • Property deeds and leases: You will need title deeds for the building that the company will use, as well as lease agreements if you are leasing space for the company’s headquarters. Financial security certificate: Some legal authorities may require a financial security certificate to ensure that you adhere to financial obligations.

Benefits of establishing companies in Dubai

Establishing a company in Dubai has many benefits, here are some examples of these benefits:

  • Advanced investment environment: Dubai has a modern and advanced investment environment, as it provides many advanced facilities and infrastructure, including international airports, sea ports, and global financial centers. This facilitates the establishment and growth of businesses in the city.
  • Distinctive strategic location: Dubai is located in the heart of the Middle East and is considered a hub for international trade between East and West. Businesses in Dubai can easily access emerging markets in the Middle East, North Africa and South Asia.
  • Advanced legal system: Dubai’s legal system is stable and reliable, and provides legal protection for companies and investors. Individuals and companies enjoy individual property rights and freedom to work and invest.
  • Tax-free: Dubai provides a favorable tax environment for businesses, as it does not impose corporate income taxes or value-added tax on most business activities. This helps companies achieve higher profits and enhances their competitiveness.
  • Workforce Diversity: Dubai is home to a diverse and multicultural society, providing an abundance of a skilled and multilingual workforce. Companies can take advantage of this diversity to enhance creativity and innovation in their businesses.
  • Ease of administrative procedures: The Dubai government seeks to simplify administrative procedures and improve the business environment. E-government services and advanced technology are provided to facilitate registration, licensing and other transactions.
  • Broad Customer Base: The Dubai market and the UAE in general are among the largest consumer markets in the region, providing great opportunities for companies to expand their operations and target the benefits of setting up companies in Dubai include the following:
  • Legal Status: Dubai provides a legal environment that encourages business and protects the rights of shareholders and investors. There is an effective and independent judicial system that helps resolve disputes fairly and equitably.
  • Free and open market: Dubai market has a free and open economic system, which allows the flow of foreign investments and free trade. Businesses can benefit from access to a wide network of customers and business partners.

Steps to establish a company in Dubai

Dubai is considered one of the most attractive cities for investors, as it provides a thriving business environment and modern facilities that enhance the process of establishing companies. If you want to establish a company in Dubai, it is important that you are aware of the steps and papers required to achieve this goal. In this article, we will review some of the basic steps and documents necessary to establish a company in Dubai.

Choose the company type and legal declaration

The first step in the process of establishing a company in Dubai is to choose the type of company you wish to establish, such as a local company, joint stock company, or free company. After that, a legal permit must be obtained from the relevant government authorities and the geographical location of the company must be determined.

Choose a company name and register it

You must choose a unique and appropriate name for the company and ensure its availability. After that, the company name must be registered with the Dubai Department of Economic Development, the General Authority of Ports and Customs, or another relevant authority.

Preparing the required documents

  • Documents required to establish a company in Dubai include:
  • Company incorporation application form.
  • Identity forms for shareholders and directors.
  • A model of the company’s articles of association and articles of association.
  • Financial reports are required depending on the type of company and legal declaration.

Obtaining the necessary licenses

The required licenses vary depending on the company’s activity. You may need to obtain licenses from the relevant authorities such as the Department of Economic Development in Dubai, the General Authority of Ports and Customs, or the Ministry of Economy. You will also need to open a bank account for the company in one of the recognized banks in Dubai. If you intend to work in Dubai, you will have to obtain a permit. Work and residence visa required for managers and employees.

Establishment of the company office

You may need to establish a company office in Dubai. You can rent a commercial office or use a virtual office service for small businesses, and you must adhere to Dubai’s tax and legal regulations. You may need to register for VAT and adhere to periodic financial reporting.

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Establishing a company in Dubai.

The cost of establishing a company in Dubai

The cost of establishing a company in Dubai is affected by several factors, including the type of company, the sector in which it operates, and the legal and administrative requirements associated with the incorporation process. In general, some of the basic costs that may be involved in setting up a company in Dubai include:

  1. License costs: You may need to obtain specific licenses to establish your company in Dubai, and these licenses may require paying licensing fees and associated costs. These costs can vary based on the type of company, such as a sole proprietorship, limited liability company, or joint stock company.
  2. Real estate costs: You may need to rent office or commercial space for your company headquarters in Dubai. The rental cost varies based on the location, size and area you desire.
  3. Labor costs: You may need to hire employees for your company, which requires paying salaries, benefits, and labor-related costs. Labor costs can vary based on the type of company and the number and designations of employees.
  4. Legal and accounting consulting costs: You may need to obtain legal and accounting consulting services to assist you in the incorporation process and comply with legal and tax requirements. The costs of these services are determined based on the type of company, the size of the business, and the services provided.
  5. Registration and permit costs: There may be costs associated with the process of officially registering the company and obtaining the necessary permits from the relevant government agencies.

How we help you to establish a company in Dubai

  • Providing a wide range of options to determine the appropriate path for your business.
  • We guarantee that you will get the support you need around the clock.
  • Complete transparency from the beginning until establishing a company in Dubai.
  • Providing comprehensive solutions at all stages of establishing the company.
  • Facilitating all procedures, papers and documents in a short period.
  • Assisting the investor in obtaining residency in accordance with the conditions and regulations.

Don’t think too much, you are in the right place to establish a company in Dubai, as we provide you with full assistance and professional advice, providing everything you need to save time, high costs, and wasted money. Contact us now.

At the conclusion of this article, it can be said that establishing a company in Dubai requires good planning and cooperation with a reliable and specialized company in this field such as Itqan Company. Itqan Company provides comprehensive and specialized consulting services in the process of establishing companies in Dubai, and handles all legal, administrative and regulatory aspects related to establishing the company.

By leveraging its extensive experience and knowledge of the local market and government laws and regulations, Itqan helps simplify and expedite the incorporation process and provides support and guidance throughout the process.

By choosing to cooperate with Itqan, investors can rest assured that the process of establishing their company in Dubai will be smooth and efficient, helping them confidently launch into the market and achieve their business goals.

 

The most frequently asked questions about establishing companies in Dubai

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

The steps include choosing the type of company, registering the trade name, defining the business activity, and submitting the required documents to the competent authorities.

What types of companies can be established in Dubai?

Sole proprietorships, limited joint stock companies, private joint stock companies, subsidiaries, etc. can be established.

What are the main requirements for setting up a company in Dubai?

Requirements include submitting personal documents for the founders, submitting the company contract and necessary certificates, and providing an operational address.

What are the differences between companies in the free sector and the local sector?

There are differences in laws, procedures and benefits, as the free sector enjoys tax exemptions and the freedom to own property for foreigners under specific conditions.