Basic conditions for opening a company in the UAE

Dubai, one of the most attractive cities for investment in the world, offers exceptional opportunities for entrepreneurs and ambitious companies. If you are planning to open a company in the UAE, collaborating with a reliable consulting firm like “Itqan” will be a crucial step to ensure success and full compliance with legal and regulatory requirements. Basic conditions for opening a company in the Emirates :

• Choosing the appropriate legal structure: Before starting the incorporation process, you must choose the appropriate legal structure for your company, whether it is a limited liability company, a private joint stock company, or other available options. This step defines the necessary procedures and the rights and responsibilities of partners.
• Obtaining licenses and approvals: You must obtain the necessary licenses and approvals from the relevant regulatory bodies, including a business license from the Department of Economic Development and any other sector licenses you may need. Here comes the help of “Etqan” company in ensuring that all requirements are met.
• Open a local bank account: You will have to open a local bank account for your company in the UAE.
• Choosing a suitable location: You must choose a suitable location for your company’s office in the Emirates.

Minimum share capital and minimum paid-up capital: Requirements regarding minimum share capital and minimum paid-up capital vary depending on the type of company. The “Itqan” team will carefully guide you to the right steps.
In cooperation with “Itqan” Company, you will be well positioned to launch your company in Dubai and achieve the desired success, benefiting from the support and guidance necessary to ensure a strong start and establish a solid foundation for your company’s future growth.

Types of licenses available in the UAE

Dubai, the leading business hub in the Middle East, provides a variety of licenses that enable entrepreneurs and companies to successfully launch and operate their businesses. Understanding these options and building a clear understanding of the relevant requirements and procedures is crucial for anyone planning to start a company in the UAE. In this context, we will explore the main types of licenses available in the UAE. Types of licenses available in the UAE:

• Trade License: This is the basic license required for any business activity in the UAE. It is granted by the competent Department of Economic Development.
• Professional License: Required for regulated professions such as accounting, engineering, law, etc. It is granted by the relevant regulatory bodies.
• Industry license: Required for companies involved in industrial activities such as manufacturing and assembly.
• Tourist License: Required for businesses and events related to tourism and entertainment.
• Craft license: Required for people and companies involved in craft activities such as drafting, carpentry, and sewing.
• Contracting license: Required for companies working in the field of building and construction.
• Other sectoral licenses: such as banking license, health license, educational license, etc.

Understanding these options and consulting with experts like Itqan is essential to ensuring full regulatory compliance and starting your business in Dubai on the right foot.

Documents required to establish a company in the UAE

Establishing a company in the UAE requires compliance with a number of legal and regulatory requirements. Understanding the required documentation and pre-planning the entire process is crucial to ensuring the facility is successfully set up and up and running smoothly. In this context, we will review the basic list of documents necessary to establish a company in the Emirates. Documents required to establish a company in the UAE:

• Company incorporation certificate: This official document specifies the name of the company and its registration information.
• Memorandum of Association and Articles of Association: These define the company’s legal structure, competencies and powers.
• Proof of identity: Copies of passports and residence visas for all partners and shareholders.
• Certificate of Ownership: A document showing ownership of shares and shares within the company.
• Business Plan: Details the company’s planned strategy, goals, and operations.
• Commercial Registration Certificate: The main document proving the company’s registration and details.
• Professional and industrial licenses: depending on the nature of the activity, such as a commercial, professional, or industrial license.
• Work permits: for foreign employees working in the company.

Obtaining appropriate legal and advisory advice is crucial to ensuring that all required documents are completed and to facilitate a smooth incorporation process.

The cost of opening a company in the UAE

Establishing a company in the UAE is an attractive option for many entrepreneurs and investors globally. This country offers a favorable business environment and attractive investment incentives. However, the incorporation process and associated costs are important things to consider when getting started. In this context, we will review the expected costs of opening a company in the UAE. Costs of opening a company in the UAE:

• Registration and establishment fees: These fees include business license fees and costs associated with establishing the company. These costs vary based on the type of company and its location.
• Rents and guarantees: Opening a company in the UAE requires finding a suitable office or facilities, the costs of which vary greatly depending on location and space. In addition, a rental guarantee must be paid, which may be one month to six months of the rental value.
• Recruitment costs: It is necessary to attract qualified employees to run the company. These costs include work visa fees, salaries, and benefits that vary based on qualifications and experience.
• Miscellaneous costs: There are other costs such as insurance, legal and accounting advice that must be taken into consideration.

Total costs depend on several factors such as the type of company, its location, and the required employees, so it is important to conduct a comprehensive feasibility study before starting this step.

Learn about the conditions for opening a company in the UAE

Setting up a company in the UAE requires careful consideration of the requirements and costs associated with it. Although this country provides a favorable business environment and promising investment opportunities, the incorporation and establishment process itself requires good planning and preparation. In this context, “Itqan” Company is one of the leading companies in the field of legal advice and consulting specialized in establishing companies in the Emirates.

“Itqan” company has extensive experience in helping investors and entrepreneurs successfully establish their companies in the UAE. It provides the necessary support at all stages of the process, starting from choosing the appropriate legal form for the company and completing registration and licensing procedures, all the way to determining operational and employment requirements and completing all legal and administrative matters.

Moreover, “Itqan” helps its clients obtain the necessary licenses according to the type of business activity, in addition to directing them towards the best locations and free zones suitable for establishing their companies. The company also provides comprehensive financial and tax consulting to ensure regulatory compliance and adherence to the laws in force in the UAE.

Through cooperation with “Itqan” Company, entrepreneurs and investors are able to overcome the challenges associated with establishing companies in the Emirates and benefit from the experience of the distinguished team in this field. Thus, it becomes possible to establish successful companies in this country, which is a preferred destination for investment on a global level.

Frequently asked questions about the conditions for opening a company in the UAE