Establishing a company in Dubai is a strategic and important step that requires good planning and careful legal procedures. In this context, cooperation with Itqan Company, a company specialized in providing advisory services and assistance in establishing companies in Dubai, is an ideal option for aspiring investors and entrepreneurs.
Many businessmen seek to take advantage of the opportunities for success and prosperity that Dubai offers, but they often face challenges in understanding the legal procedures and administrative requirements for establishing companies. Here comes the role of Itqan Company to provide the necessary assistance and consultations for planning and establishing the company in a successful and easy way.
Through cooperation with Itqan Company, investors are provided with a form of company incorporation contract in Dubai, which is a basic document that defines the legal relationship between shareholders and guarantees their rights and duties. This form includes important information such as the company name, business activity, company ownership, and distribution of profits, in addition to many other details necessary to establish and operate the company.
The contract form is carefully designed in accordance with the applicable laws and legal regulations in Dubai and the United Arab Emirates. Thanks to Itqan’s experience in this field, it is ensured that the contract fully complies with legal requirements and protects the interests of investors.
In short, setting up a company in Dubai requires a deep knowledge and understanding of legal and administrative procedures. By cooperating with Itqan Company, investors can benefit from a company incorporation contract form attached to it, which facilitates and accelerates the incorporation process and ensures legal compliance. Your cooperation with Itqan Company will be a decisive step towards achieving success in your business in Dubai.
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Dubai is considered one of the most attractive cities for business in the world, as it provides an ideal investment environment and diverse opportunities for local and international companies. Establishing a company in Dubai is an important strategic step for those wishing to grow and prosper in the Middle East market, and it requires a good understanding of the procedures and requirements that must be followed. In this article, we will take an overview of the steps to establish a company in Dubai and the main aspects that must be considered to ensure business success and compliance with local laws and legislation.
To establish a company in Dubai , the following procedures must be followed:
- Choose the type of company: In Dubai, you can establish a local company (Onshore) or a company in the Free Zone (Free Zone). Decide which type of company best suits your business and needs.
- Choosing a name: Choose a name that is appropriate and unique for your company. The availability of the name must be verified and registered with the relevant authority, whether it is the Dubai Enterprise Development Authority (DED) for local companies or the Haram Free Authority for companies in Al Haram Free.
- Identify shareholders and shares: Identify the shareholders of the company and determine their shares in the capital. There may be specific requirements for the company’s minimum authorized capital, which vary according to the type of company and local laws.
- Appointment of the company manager: Appoint the company manager, and agree on his powers and duties in managing the company.
- Preparing documents: Prepare the company’s incorporation documents, which include the articles of incorporation and information bulletin. These documents should include basic information about the company, shareholders, purposes and proposed activities.
- Submitting documents: Submit the required documents to the relevant authority, whether it is the DED or the Haram Free Authority. The documents may include passports for the shareholders and the company director, the articles of incorporation, the information bulletin, and other required documents.
- Obtaining licenses and permits: Depending on the company’s activity, you may need to obtain additional licenses or permits from the relevant authorities. These licenses can include a building permit, business license, industry license, and others.
- Open a bank account: Open a company bank account at the local authorized bank. You will need to submit the documents required by the bank for this purpose.
- Office Rental: Book an office or work space for your company at the specified address in Dubai. There may be specific space requirements and infrastructure availability depending on the type of company and business activity.
- Residency Visa: Depending on the manager and employees’ need to reside in Dubai, you may need appropriate residence visas. You can work with a local consulting firm or attorney to get guidance on this process.
Types of companies that can be established in Dubai
Types of companies that can be established in Dubai
Dubai is considered one of the most attractive cities for investors and entrepreneurs in the Middle East. With advanced infrastructure and an encouraging business environment, Dubai provides diverse opportunities for establishing companies in various sectors. It allows investors to choose from several different types of companies that can be established in this global city.
- Limited Liability Company (LLC): The LLC is one of the most common company forms in Dubai. It allows shareholders to establish a business company with specific rights and duties and limited liability.
- Joint Stock Company: Establishing a joint stock company requires shareholders who own shares in the common capital of the company. Profits and losses are divided according to the percentage of shareholding in the company.
- Sole Proprietorship: Individuals are allowed to establish a business and operate as an individual. The founder has full responsibility for his company and has the freedom to make decisions and manage the business.
- Free Company: Also known as “Free Zone Company”, it is a company that has attractive advantages such as full foreign ownership and easy tax and customs exemptions. It operates in a specific free zone in Dubai and targets global markets.
- Subsidiary Company: Allows foreign companies to establish branches in Dubai. Branches act as legal representatives of the parent company and enjoy some autonomy in business activities.
Establishing a company in Dubai provides opportunities for investors in various sectors, whether commercial, industrial, technological or services. Your cooperation with Itqan Company will contribute to providing the necessary assistance and consultation to determine the appropriate type of company and establish it successfully in Dubai.
Basic procedures for establishing a company in Dubai
Establishing a company in Dubai represents a great opportunity for investors to benefit from the dynamic business environment and sustainable development in this global city. However, the process of establishing a company requires specific legal and administrative procedures to ensure compliance and success. Below are the basic procedures for establishing a company in Dubai :
- Determine the type of company: You must first determine the appropriate type of company according to your needs and business goals. The company may be a limited liability company (LLC), a joint stock company or a free enterprise, for example.
- Choosing a company name: You must choose an appropriate name that is not similar to the names of other companies in Dubai. You must ensure that the name complies with local laws and regulations.
- Arranging legal papers: All necessary legal documents, such as the memorandum of association form, company texts and other required agreements, must be prepared according to the specific type of company.
- Establishing capital: The capital necessary to establish the company must be determined and transferred to a local bank account in Dubai. This may require providing a bank certificate or other financial proof.
- Obtaining licenses: You must obtain the necessary licenses to practice commercial activity in Dubai. This process may require communicating with the relevant authorities and submitting the required documents.
- Registration in the Commercial Registry: An application for registration must be submitted in the local commercial registry, where the company’s information and legal responsibility are documented.
- Renting a place to work: A place must be secured for the company’s headquarters according to the requirements of the chosen business activity.
- Compliance with tax laws: You must ensure compliance with local tax legislation and financial laws applicable in Dubai.
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Documents required to establish a company in Dubai
Establishing a company in Dubai is an important and exciting step for investors, as the international city provides vast business opportunities and a reliable legal base. However, the company incorporation process requires the submission of a range of legal and administrative documents required to ensure compliance and the success of the company. Below is a list of basic documents required to establish a company in Dubai:
- Company incorporation instrument:
The company’s incorporation instrument must be prepared, which contains important information such as the company’s name, type, headquarters, objectives, invested capital and share distribution (in the case of limited liability companies).
- Company texts:
A document must be prepared containing company texts that define the company’s internal procedures and policies, the relationship of shareholders and directors, and their rights and duties.
- Documenting the identity of shareholders and directors:
Certified copies of passports of shareholders and directors and documentation of their identities must be submitted to the relevant authorities.
- Employment contracts:
If employees are employed, copies of employment contracts and details of salaries and benefits provided to employees may have to be provided.
- Bank certificate:
Establishing a company may require transferring the invested capital to a bank account in Dubai and obtaining a bank certificate proving this.
- Activity licenses:
You must obtain activity licenses for the company, and they depend on the type of activity you wish to practice.
- Headquarters statement:
A company headquarters permit must be submitted, and this may require a lease or documents proving ownership of the space.
- Registration certificate and tax licenses:
After establishing the company, a certificate of registration in the commercial registry and the necessary tax licenses must be obtained.
Learn about the company establishment service in Dubai
The company establishment service in Dubai is a vital step for Saudi investors and businessmen seeking successful future investments in the Emirates. Itqan Company provides distinguished services that include establishing companies in a smooth manner in accordance with local laws and regulations, providing customers with a reliable, time- and effort-saving experience.
One of the most important benefits provided by establishing companies in Dubai through Itqan is comprehensive support during all stages of the process, from providing the necessary consultations until completing administrative procedures. The company also seeks to achieve maximum customer satisfaction by providing high-quality services and allocating a specialized work team with experience and efficiency.
By choosing company formation services in Dubai with Itqan, Saudi businessmen can benefit from Dubai’s advanced business environment, which is characterized by political and legal stability, advanced infrastructure, and a distinguished geographical location as a major center for trade and investment in the region.
Thus, establishing companies in Dubai provides broad opportunities for success and expansion for Saudi businessmen, which enhances their position in the global market and contributes to achieving their economic goals efficiently and successfully.
Frequently asked questions about the company establishment service in Dubai
What types of companies can be established in Dubai?
Several types of companies can be established in Dubai, such as limited liability companies (LLC), public and private joint stock companies, free companies, subsidiary companies, and representative offices.
What are the basic procedures for establishing a company in Dubai?
The basic procedures include determining the type of business activity, choosing a company name, obtaining initial approvals, preparing the articles of incorporation, renting a commercial office, and obtaining the necessary licenses from the Department of Economic Development in Dubai.
What are the documents required to establish a company in Dubai?
Required documents include passports of the company founders and directors, the office lease contract, the company’s articles of incorporation and articles of association, and government approvals for the business.
How long does it take to establish a company in Dubai?
The time it takes depends on the type of business and the procedures followed, but it usually takes two to four weeks to complete all procedures.
What is the cost of setting up a company in Dubai?
The cost of establishing a company in Dubai varies based on the type of company and location, and includes registration fees, business licenses, office rental costs, and legal consultation fees. In general, the cost may start from several thousand AED.
Can foreigners establish a company in Dubai?
Yes, foreigners can establish companies in Dubai. There are free zones that allow 100% foreign ownership, while companies outside free zones require a local partner to own 51% of the shares.