Establishing a company in Dubai is an important strategic step for those wishing to exploit the business and investment opportunities available in the Emirate of Dubai. Dubai enjoys a global position as a commercial, financial and tourism centre, and provides a distinguished and advanced business environment for establishing companies.

Dubai is distinguished by its encouragement of entrepreneurship, provision of modern infrastructure, and a flexible and innovative investment climate. The city has a wide range of free zones and industrial zones that provide various facilities and privileges to companies.

The process of setting up a company in Dubai requires adherence to specific legal and administrative procedures. Investors must register the company, obtain licenses, and meet the required legal and tax requirements. Investors must also choose the appropriate type of company, whether it is a sole proprietorship, limited liability company or joint stock company.

How to create a company in Dubai

An important aspect to take into consideration when setting up a company in Dubai is

Achieving compatibility with local laws and regulations and taking advantage of opportunities available in different economic sectors. A clear strategy for marketing, customer acquisition and business growth should also be developed.

In short, establishing a company in Dubai represents an ideal opportunity to take advantage of the dynamic economic environment and competitive advantages available. It requires planning, preparation, and adherence to appropriate legal and administrative procedures. By choosing Dubai as the headquarters for your company, you will be able to take advantage of the available business and economic opportunities and achieve success and growth in the global business market.

 

Steps to establish a company in Dubai

Establishing a company in Dubai is a strategic and important step for those wishing to invest and benefit from the economic opportunities available in the Emirate of Dubai. Dubai is considered one of the most important economic and commercial centers in the world, as it provides a distinguished and advanced work environment for emerging, medium and large companies. Steps to establish a company in Dubai:

1. Before starting the incorporation process, you should study the local market in Dubai and identify the opportunities available in the sector you want to move into. Analyze demand and supply and identify shortcomings and needs that your company can meet.
2. You must choose the right type of company for your business. You can choose between a sole proprietorship, limited liability company, joint stock company, or limited partnership. Study the requirements of each type and choose the one that best suits your needs and goals.
3. Select a name for your company and make sure it is compliant with Dubai laws and regulations. Make sure the name is available and register it with the relevant authorities.
4. You may need to obtain specific licenses depending on your company’s activity. Visit the Dubai Department of Economic Development or other relevant authorities to obtain the necessary information and complete the procedures for obtaining licenses.
5. Prepare the documents required to establish the company, such as contracts, legal documents, and financial statements. You may also need to appoint a general manager and sign the necessary contracts.
6. Locate your company in Dubai and ensure you have the right functional space for your needs. You can choose between many areas and commercial complexes available in Dubai.
7. Open a local bank account in Dubai for your company’s financial dealings. With the completion of these steps, you can begin operating your company in Dubai. You should also consider complying with local laws and regulations, and complete any additional procedures such as tax and social insurance registration if necessary. Contact Itqan Company for assistance and guidance in this process.

Establishing a company in Dubai can be a challenge, but with good planning and following the right procedures, you can take advantage of the thriving economic environment in Dubai and achieve success and prosperity for your company.

How to choose the right type of company in Dubai

When starting a company in Dubai , choosing the right type of company is a crucial and important step. Your choice depends on a range of factors, including the nature of the business you wish to engage in, the amount of investment available, the extent of control you want over the management of the company, shareholder responsibility and financial risks. So, I will give you some information to help you choose the right type of company in Dubai.

Individual company

A sole proprietorship is the simplest form of business, where the owner and manager are one person. This type of company does not require minimum capital and provides flexibility in managing the business. However, you should be aware that you will be personally liable for the company’s financial debts and obligations.

Limited Liability Company

It is considered the most common limited liability company in Dubai. It has the advantage that shareholders are often only responsible for their capital invested in the company, not including their personal funds. You must have a local partner who owns a stake of at least 51% of the company, while you can keep the remaining percentage. This type of company provides stability and confidence to investors, and can be developed in a variety of sectors.

Joint stock company and limited company

These types of companies require higher capital and more complex incorporation procedures. They are characterized as joint-stock companies, as their shares are traded on the financial market. Joint stock companies are suitable for large businesses and huge projects, while public limited liability companies are suitable for small and medium businesses.

Limited Partnership

Limited partnership is one of the different types of companies in Dubai. It consists of at least one responsible partner and one silent partner. The managing partner has responsibility for the management of the company and bears the financial risks, while the silent partner is not responsible for the management of the company and only contributes his capital.
Choosing the right type of company depends on many factors specific to your business and goals. It is recommended that you consult with a professional legal advisor or accountant to provide appropriate advice on the appropriate type for your company, as they can provide tailored guidance based on your individual situation and requirements.

 

Legal and administrative procedures for establishing a company in Dubai

If you want to establish a company in Dubai , legal and administrative procedures are a crucial part of ensuring the successful establishment and operation of the company. Establishing a company requires compliance with a set of local laws and regulations, and completing the procedures required to obtain the necessary licenses and permits. In this context, I will explain to you some basic legal and administrative procedures for establishing a company in Dubai.

Choose the company type

You must decide what type of company you want to establish, such as a joint-stock company, limited liability company, or sole proprietorship. The most appropriate type should be chosen based on the nature of the business and your needs.

Company Name

You must choose a suitable name for the company and ensure that it does not conflict with any company already existing in the market. The name must be clear and distinctive, and comply with local laws regarding corporate naming.

Submit the required documents

The required documents must be submitted to the relevant authorities in Dubai, such as the Department of Economic Development (DED) or the General Authority for Judicial Affairs, in order to register the company. Documentation includes personal certificates of shareholders, company contracts, regulatory permits, and any other documents that may be required depending on the type of company.

Obtaining licenses and permits

You may need to obtain specific licenses depending on the business’s activity, such as a general trade license, a license for your profession, or a professional services license. You must submit the required documents and comply with the requirements of the competent authorities to obtain these licenses.

Participation and partnership contracts

If you are establishing a company with partners, you should establish a partnership contract or partnership contract that regulates the relationship between shareholders and determines their rights and obligations and the type of process for distributing profits and losses.

Visas and work

If you intend to employ foreign employees in your company, you must comply with local laws regarding visas and employment. You may need to submit applications for work and residence visas for non-citizen employees, and documents must be provided and compliance with the conditions specified by the competent authorities.

Legal and accounting advice

It is beneficial to retain legal counsel and a professional accountant for advice and guidance regarding legal and administrative procedures. Specialized advisors will help you understand local law requirements and ensure compliance.

It should be kept in mind that the information I have provided here is just an overview of the legal and administrative procedures for establishing a company in Dubai. Requirements and procedures may vary depending on the type of company and business activity in question. Therefore, it is highly recommended to consult with a specialized local legal advisor to obtain updated and accurate information before starting the company formation process.

Necessary steps to obtain a company license in Dubai

If you want to start a company in Dubai , obtaining a company license is one of the key steps to starting a successful business. A company license is a legal permit that allows you to conduct your business activities in the Emirate of Dubai. In this context, I will explain to you the necessary steps to obtain a company license in Dubai.

Market study and legal advice

Before starting the company establishment process, you must study the local market and understand the legal requirements related to your business. Requirements may vary depending on company type and local laws. It is also beneficial to consult local professional legal counsel to obtain necessary advice and ensure compliance with applicable laws and regulations.

Choose the company type

You must specify the type of company you wish to establish, such as joint-stock company, limited liability company, sole proprietorship, or industrial production company. You should choose the appropriate type according to the company’s activity and your specific needs.

Company Name

You must choose a suitable and unique name for the company. The name must be compatible with local laws and include necessary elements such as a limited company or limited liability company. There may be rules governing naming that require official approval of the chosen name.

Find a place to work

The company’s headquarters must be located in Dubai. You can rent a commercial office or look into the Free Zones available in Dubai that provide special benefits and privileges for businesses.

Submit the required documents

You need to submit the required documents to the relevant authorities, such as the Department of Economic Development (DED) in Dubai. Usual documents include a license application form, a copy of the passport and shareholders’ personal identification, the company contract, company details and shareholders’ information.

Pay fees and obtain approvals

After submitting the required documents, you will need to pay the applicable fees and costs related to the company license. Fees can vary depending on company type, location and business activities. After that, you must wait to obtain the necessary approvals from the relevant government authorities.

Issuance of license

When your application is approved and the required fees are paid, you will receive your company license. The license includes company details such as its name, type, and business activity. You must comply with the terms and requirements of the license and operate in accordance with local laws.

Registration with other government agencies

You may need to register with other government agencies concerned with your business, such as the Tax and Social Insurance Department. You must adhere to the procedures and requirements required by each government agency.
These are some of the necessary steps to obtain a company license in Dubai. You must take the necessary time to research, plan, and adhere to the required legal and administrative procedures. It may be best to get help from a local legal advisor or legal consulting firm to ensure the process goes smoothly in accordance with local laws.

Learn how to start a company in Dubai

Establishing a company in Dubai represents an exciting opportunity for many aspiring entrepreneurs. Dubai has a strong infrastructure and a vibrant business environment, making it an ideal destination for business in the Middle East. When you decide to establish a company in Dubai, you can benefit from cooperation with Itqan Company, which provides experience and deep knowledge of the incorporation process in Dubai and guides you through the necessary steps.

Itqan Company is a legal and investment consulting company that specializes in providing support and assistance to individuals and companies wishing to establish their businesses in Dubai. Thanks to its experience and close relationships with government agencies and other organizations in Dubai, Itqan provides legal and administrative guidance and advice throughout the company establishment process.

When working with Itqan, you will receive support in both planning and implementation aspects. The company will provide you with the necessary knowledge of local laws and regulations, and will advise you on the appropriate type of company and its implications for costs and legal needs. It will also help you choose the right company name and ensure it complies with local laws.

Itqan Company services for establishing companies in the Emirates

Itqan Company will provide assistance in preparing and submitting the required documents to the Dubai Department of Economic Development and other relevant authorities. It will help you take advantage of the facilities available in the free zones in Dubai and guide you through the registration procedures and obtaining the necessary licenses.

By hiring Etqan Company, you will be able to speed up and simplify the process of setting up your company in Dubai. You will benefit from the experience and deep knowledge of the specialized work team at Itqan Company, which will enable you to focus on achieving your business vision and growing your business in a dynamic and competitive business environment.

In short, establishing a company in Dubai requires adherence to specific legal and administrative procedures, which can be obtained through cooperation with Itqan Company. The company works to provide support and advice in all aspects of the establishment process, from market analysis and business planning, to preparing documents and obtaining the necessary licenses.

Through your cooperation with Itqan Company, you will enjoy a real competitive advantage in the business market in Dubai. You will receive the support necessary to make the right strategic decisions, and will enhance your chances of success and increase your profitability. In addition, you will benefit from the network of relationships that Itqan Company has, which can contribute to expanding your business circle and increasing opportunities for cooperation and business partnerships.

Frequently asked questions about how to establish a company in Dubai