Steps to establish a company in Dubai without a sponsor It is considered a strategic and vital step in the business world, especially when it comes to the possibility of doing so without the need for a sponsor. Dubai is an ideal environment for entrepreneurship and establishing companies, as it provides advanced infrastructure and flexible legislation that attracts entrepreneurs from all over the world.

In this article, we will generally review the steps for setting up a company in Dubai without a sponsor, focusing on the key aspects to consider and the resources available to assist in the process. Topics covered in this article will include an overview of Dubai’s legal and regulatory environment for businesses, incorporation requirements, required documents, and ancillary services available to assist in the incorporation process without a sponsor.

In addition, we will discuss the importance of legal and financial advice during this process, how to choose the appropriate corporate structure and determine the appropriate type of business license. We will also take a look at the key factors that must be considered to ensure a company’s success in Dubai’s dynamic and competitive business environment.

Steps to establish a company in Dubai without a sponsor

Establishing a company in Dubai without a sponsor

In Dubai, there are multiple possibilities for establishing companies without the need for a local sponsor. Free enterprise, or free enterprise, is a fertile area for investors who want to establish their own companies without a local sponsor. This type of company is considered one of the types of companies that allows foreign investors to obtain 100% ownership without the need for a local partner. Dubai provides a legal structure and commercial legislation that allows the establishment of free companies smoothly and effectively.

The Dubai Economic Development Department (DED) is responsible for registering and licensing companies and offers easy and convenient registration procedures for investors. Typically, establishing a freelancing company requires preparing the required documents, such as the company contract and articles of association, and submitting them to the relevant authorities to obtain the necessary approvals.

In addition, the required capital must be provided to establish the company, determine the location of the company, and provide personal documents to the shareholders. After obtaining the necessary approvals, the company is registered and the necessary licenses are issued.

Steps to establish a company in Dubai without a sponsor

Establishing a company in Dubai without a sponsor includes several important steps. Here’s a summary of the basic steps:

1. Choosing a company type: Select the appropriate company type for your business, such as a limited liability company (LLC), a sole proprietorship, or a free zone company.
2. Choosing a company name: Choose a unique and appropriate name for your company and ensure its availability and compliance with Dubai laws.
3. Preparing documents: Prepare the required documents such as a copy of the founders’ passport, the company’s articles of incorporation, and a detailed business plan.
4. Company establishment: Submit a company establishment application to the Department of Economic Development or the free zone of your choice.
5. Payment of fees: Pay the fees required to establish the company and obtain the commercial license.
6. Obtaining a commercial license: After the approval of the competent authorities, a commercial license will be issued allowing your company to operate in Dubai.
7. Open a bank account: Open a bank account for your company to properly manage financial operations.
8. Tax registration: Make sure to register your company with local and national tax authorities.
9. Residency Visas: Submit residency applications for founders and employees whose services you intend to use in the company.
10. Compliance with Laws: Ensure compliance with all local and international laws and legislation related to your company’s activity.

The different types of companies that can be established without a sponsor

In Dubai, several types of companies can be established without the need for a local sponsor, and cooperation with Itqan Company is considered one of the possible options for establishing these companies. Here are some different types of companies that can be established without a sponsor in Dubai in cooperation with Itqan Company:

• Sole Proprietorship: It is a company managed by one person and whose liability for debts and obligations is unlimited. A free sole proprietorship can be established without a sponsor in Dubai.
• Limited Liability Company – LLC: LLC is one of the most common types of companies in Dubai, as shareholders have limited liability, and it can be established without a local sponsor.
• Private Joint Stock Company: The private company is considered one of the forms of companies that can be established without a sponsor in Dubai. This company allows shareholders to sell their shares in a limited manner.
• The Murabaha Company (Mudarabah Company): The Murabaha Company is considered a special form of company that can be established without a sponsor. It is a company in which one person (the Mudarib) participates with capital and another person (the manager) with experience and work.

The cost of establishing a company in Dubai without a sponsor

The cost of establishing a company in Dubai without a sponsor is affected by several factors, including the type of company, size of capital, and other administrative and legal costs. However, here is a general estimate of the costs that may be associated with setting up a company in Dubai:

• Registration fees: These fees include the costs of registering the company with the relevant authorities such as the Dubai Economic Development Department (DED).
• Consulting and Legal Services Fees: If you employ a legal advisor or attorney to assist in the company formation process, you may incur costs associated with these services.
• Documentation and License Costs: The incorporation process may require the cost of obtaining necessary documents such as the company contract, articles of association, and business licenses.
• Advertising and Publication Costs: A formal announcement of the company’s incorporation must usually be published in local newspapers, and you may incur costs associated with this process.
• Virtual or physical office costs: If you establish a company in Dubai, you may need a company office, and there may be costs to rent a physical office or rely on a virtual office for the business address.
• Labor costs needed: The incorporation process may require hiring employees to run the company, and wage and benefit costs must be taken into account.

Establishing a company in Dubai

Conditions for establishing a company in Dubai without a sponsor

Establishing a company in Dubai without a sponsor requires compliance with a set of specific conditions and requirements set by local authorities. Here are some general conditions that may be necessary to establish a company in Dubai without a sponsor:

1. Permitted Business Activity: The company’s activity must be legally permitted and comply with local regulations and legislation. Investors must verify that the proposed company activity complies with permits issued by the relevant government authorities.
2. Necessary capital: Some types of companies may require a certain capital to establish, and investors must provide this capital.
3. Required documents: The required legal documents must be submitted to register the company, such as the company contract, articles of association, shareholder passport, and other important documents.
4. Commercial address: A valid commercial address must be specified to establish the company, and a virtual office can be used in some cases.
5. Governmental permits: Some companies may need special permits from the relevant government agencies, which must be obtained before establishing the company.
6. Tax Compliance: The company must comply with local tax legislation and register with the relevant tax authorities.
7. Economic licenses: The necessary economic licenses must be obtained from the Department of Economic Development in Dubai or the relevant government agencies.

Documents necessary to establish a company in Dubai without a sponsor

To establish a company in Dubai without a sponsor, legal and administrative procedures usually require the submission of a set of basic documents. These are some documents you may need:

• Copy of the founders’ passport: Certified copies of passports must be submitted for all founders and shareholders of the company.
• Photocopy of birth certificate: You may need certified copies of the founders’ birth certificates.
• Memorandum of Association: A document that defines the company’s structure, objectives, and shareholders’ rights and duties.
• Legal form (Articles of Association): A document that defines the company’s management rules and internal procedures.
• Business Plan: A document that explains the company’s goals and its operational, marketing, and financial plans.
• Financial Reports: You may need financial reports to demonstrate the company’s ability to achieve financial goals.
• Ownership or Lease Contracts: Copies of ownership or lease contracts for the company’s residence must be submitted.
• Contact Details: Full company contact information, including address, phone numbers and email address.

Advantages of establishing a company in Dubai

Establishing a company in Dubai without a sponsor offers many advantages and benefits to investors, making it an attractive option for individuals and companies wishing to invest in this vibrant country, which is considered a global center for business and trade. Here are some of the advantages offered by establishing a company in Dubai without a sponsor:

1. Full Ownership: Companies established without a sponsor in Dubai allow foreign investors to gain full ownership and control of their company without the need for a local partner.
2. Ease of incorporation: The legal system in Dubai allows for very smooth and simple incorporation procedures, which facilitates the process of establishing a company without a sponsor and reduces administrative procedures.
3. Advanced infrastructure: Dubai has advanced infrastructure and world-class facilities, facilitating access to local and global markets and promoting growth and expansion.
4. Diverse business environment: Dubai provides a diverse and dynamic business environment, where new companies can grow and expand across various industries and sectors.
5. Low Taxes: The business sector in Dubai enjoys a favorable tax environment, as Dubai does not impose taxes on personal income and does not impose taxes on capital.
6. Political and economic stability: Dubai enjoys political and economic stability, making it a safe and conducive environment for business and investment.
7. Distinctive geographical location: Dubai is located in a strategic location that makes it a major connecting point between East and West, facilitating access to regional and global markets.

In conclusion, establishing a company in Dubai without the need for a sponsor represents an important and promising challenge for entrepreneurs. This step reflects the desire to innovate and invest in an evolving business environment that is open to transformations. By adhering to the right steps and seeking the help of experts and specialized consultants, it is possible to overcome challenges and achieve success in the company establishment process.

Dubai’s strong and advanced infrastructure, coupled with flexible legislation and laws, offers great opportunities for startups and new investors. By adhering to legal and regulatory standards, choosing the appropriate corporate structure, and using financial tools wisely, companies can build a strong foundation to grow and prosper in Dubai’s dynamic business market.

It is important to mention that the success of the company establishment process depends on a clear vision, careful planning, effective implementation, and continuous follow-up. Dubai provides the ideal environment to achieve these elements and support companies in their journey towards success and excellence.

This concludes our article on the steps to establish a company in Dubai without a sponsor, wishing everyone who seeks to build their own project in this city prosperity and sustainable progress.

The most frequently asked questions about establishing a company in Dubai