Establishing a company in Dubai is a strategic and important step for Iraqis seeking to explore investment opportunities and build sustainable businesses in the Emirate of Dubai. Establishing companies in Dubai requires in-depth knowledge of the procedures and steps necessary to ensure the success of the company and its compliance with local and international legislation. In this article, we will review some ways to establish a company in Dubai for Iraqis without going into details about the advantages:

First, Iraqis must choose the appropriate legal form for their company, whether it is a sole proprietorship, partnership, or joint stock company. This choice should be made based on the type of planned business activity and investment needs.

Secondly, Iraqis must obtain the necessary licenses from government agencies in Dubai, such as a business license and work permit. This procedure requires following specific procedures and submitting the necessary documents to obtain licenses.

Third, Iraqis must prepare and submit the necessary documents to register the company in the Dubai Commercial and Comprehensive Registry. These documents include the company’s official document, the partners’ agreement, specific financial statements, and other documents required according to the type of company.

In short, establishing a company in Dubai for Iraqis requires following specific steps that include choosing the legal form, obtaining the necessary licenses, and submitting the required documents to register the company. By complying with these measures, Iraqis can successfully build their companies in Dubai and benefit from the emirate’s inspiring and dynamic business environment.

Ways to establish a company in Dubai for Iraqis

Ways to establish a company in Dubai for Iraqis

To establish a company for Iraqis , the following steps can be followed:

• Market Study: Conduct a careful study of the market in Dubai to understand the opportunities available and the legal and regulatory requirements for companies in the sector in which you wish to invest.
• Choosing the business activity and legal form: Select the company’s business activity and choose the appropriate legal form, such as a local company, a free company in free zones, or a personal company.
• Company name: Choose an appropriate name according to UAE laws and regulations. The availability of the chosen name must be verified and registered with the relevant authority.
• Obtaining a work license: Apply for a work license from the responsible authority in Dubai, which is usually the Economic Development Authority (DED). You will need to submit the required documents and pay the prescribed fees.
• Obtaining a residence permit: After obtaining a work permit, you must obtain a residence permit for the general manager and foreign employees working in the company. You can apply for a residence permit from the relevant authority in Dubai.
• Open a bank account: Open a bank account in one of the local banks in Dubai. You will need to submit the required documents and adhere to banking standards.
• Establishment of Head Office: You must secure the company’s headquarters in Dubai. You can rent a commercial office or use the services of a virtual office depending on your needs.
• Tax registration: Register the company with the Tax and Customs Authority in the emirate, and obtain a value-added tax (VAT) number if the company is obligated to apply it.
• Insurance: Purchase the insurance required for the company, such as employee insurance and business risk insurance.
• Recruiting Employees and Getting Started: Start the recruitment process and select the right employees to operate a company in Dubai. Implement the necessary plans and start working based on the company’s vision and strategy.

Establishing a company in Dubai requires assistance and advice from Itqan experts to ensure full compliance with local laws and regulations. Requirements and procedures may vary based on the company’s activity and the legal form chosen. Careful research and local consultation are advised to ensure that procedures are applied correctly in accordance with current legislation in Dubai and the UAE.

Taxes required to establish a company in Dubai

Establishing a company in Dubai varies depending on the type of company and the activity it carries out. Below is a summary of the basic taxes and costs you may incur when setting up a company in Dubai:

1. Corporate Tax: In Dubai, national companies (owned by a large percentage of Emiratis) are taxed at 0%, while foreign companies are subject to corporate tax at 0% as well, unless they have a business in the country. If there is a business in the country, the tax can be applicable at a rate of up to 50%.
2. Licenses and registration costs: These costs include the costs of registration in the commercial registry and other government licenses, and vary according to the type of activity and the size of the company.
3. Government Fees: Government fees may include visa fees for employees, legal fees, and other fees required to complete the incorporation process.
4. Virtual Office: If you do not have a physical office in Dubai, you may need to rent a virtual office or use virtual office services to meet registration requirements.
5. Consulting Fees: In some cases you may need to consult an attorney or tax consultant to ensure compliance with all local laws and regulations.
6. Annual Accounts: Companies must submit annual accounts to local authorities in accordance with local accounting standards.

Establishing a company in Dubai for Iraqis

Dubai is a favorite destination for many Iraqi entrepreneurs seeking to establish their companies and expand their business. Dubai offers a developed investment environment and a strategic geographical location, making it an ideal place to start new projects and achieve commercial success.

Dubai provides Iraqis with the opportunity to establish their companies with ease, as UAE laws do not require a local partner in most sectors, which facilitates the start-up process and increases the freedom to make business decisions. The advanced infrastructure and efficient financial and logistical services in Dubai also allow Iraqi companies to grow and expand effectively.

Companies in Dubai enjoy privacy and confidentiality in business operations, and investment laws provide a competitive and stimulating environment for companies. In addition, Dubai enjoys political and economic stability, providing a safe and reliable environment for investment and business development.

By exploiting the investment opportunities available in Dubai, Iraqis can achieve success and prosperity in multiple fields, including real estate, trade, financial services, technology, tourism, and others. Establishing a company in Dubai can be a gateway to accessing regional and global markets, and achieving success and profitability at the same time.

Commercial licenses required to establish a company in Dubai

The process of establishing a company in Dubai requires obtaining the necessary commercial licenses to carry out the planned business activity. Commercial licenses vary depending on the type of activity and where the company is established. Here are some common business licenses you may need to set up a company in Dubai:

• General Trade License: This license allows the practice of general commercial activities such as wholesale and retail trade and public services.
• Professional Trade License: This license allows the practice of professional and service activities such as medicine, engineering, accounting, consulting, and interior design.
• Industrial License: This license allows the production of industrial products, manufacturing, and production in factories and industrial workshops.
• Tourism License: This license allows the provision of tourism services such as hotels, tourism agencies, and entertainment services.
• Financial License: This license allows the provision of financial services such as banks, insurance companies, and financial brokerage.
• E-commerce License: This license allows the sale of goods and services over the Internet.

Establishing a company in Dubai for Iraqis

Factors that reduce the cost of establishing a company in Dubai

Here are some factors that can help reduce the costs of establishing a company in Dubai :

1. Choosing the appropriate type of company: Choosing the appropriate type of company may affect costs. For example, some types, such as a sole proprietorship, may require lower costs than limited liability companies.
2. Using virtual office services: Costs can be reduced by using virtual office services instead of renting a physical office, as companies can use their own mailing address and virtual phone number.
3. Collaboration with shared services companies: Services such as accounts, legal, and consulting can be provided through shared services companies instead of hiring in-house staff, which helps reduce costs.
4. Verifying tax needs: It is necessary to verify the company’s tax needs, take advantage of the available tax exemptions, and employ tax experts to analyze the tax situation.
5. Employing local workforce: Hiring local labor instead of foreign labor can help reduce labor costs and costs associated with visas and residency.
6. Negotiating contracts and services: Contracts and services can be negotiated with suppliers and contractors to obtain the best prices and terms, which helps reduce costs.
7. Taking advantage of technological solutions: Using technology to improve work efficiency and reduce costs, such as using cloud software and automation solutions.

Tips for establishing a company in Dubai for Iraqis

Here are some important tips for Iraqis who want to establish a company in Dubai :

• Good planning: Before embarking on the establishment process, a careful feasibility study must be conducted to understand the local market, identify potential opportunities and challenges, and define the business strategy.
• Search for a local partner: If a local partner is needed, its history and reputation in the market must be verified, and ensuring compatibility with the company’s vision and goals.
• Check laws and regulations: You must research and verify the legal and regulatory requirements for establishing a company in Dubai, and ensure compliance with all local laws and regulations.
• Consult a lawyer or legal advisor: It is important to obtain appropriate legal advice from a lawyer or legal advisor who specializes in business laws in Dubai, to ensure compliance with legal procedures.
• Determine the company structure: You must choose the appropriate type of company and determine its administrative and financial structure based on the type of activity and the company’s objectives.
• Benefiting from government support: You can benefit from government programs and initiatives available to startups in Dubai, such as financing, technical support, and tax facilities.
• Building a network of relationships: It is important to build a reliable network of relationships in the Dubai market, and communicate with stakeholders and local investors to enhance the chances of success.
• Invest in marketing: An effective marketing plan must be developed to enhance the brand, attract potential customers, and use social media and digital marketing effectively.

At the end of this article, we touch on the importance and attractiveness of establishing companies in Dubai for Iraqis. Dubai is considered one of the most important global destinations for entrepreneurship and establishing companies, as it is characterized by a developed investment environment and a promising business climate.

Establishing companies in Dubai is an ideal opportunity for Iraqis to explore and expand markets, thanks to the diversity of economic sectors and investment opportunities available. Dubai also provides an international business environment that allows companies to communicate with companies and investors from all over the world.

In addition, Dubai offers legal and administrative facilities that help quickly establish companies and start operating efficiently. With the availability of advanced financial and banking services, Iraqis can manage their business affairs with ease.

Besides, Iraqis can benefit from an active entrepreneurial community in Dubai, where they can exchange experiences and learn from the successes and challenges faced by other entrepreneurs. This helps them build strong networks and collaborate on future projects.

In short, establishing a company in Dubai represents an opportunity for Iraqis to realize their entrepreneurial dreams and turn their ideas into reality, by taking advantage of the thriving economic environment and facilities available in this global city.

The most important frequently asked questions about establishing a company in Dubai for Iraqis